Public Information Documents

Actions taken by the Federal Reserve Bank of Minneapolis under delegated authority

Bank Branches, Domestic
First Interstate Bank, Billings, Montana -- to establish a branch at 1947 9th Street West, Columbia Falls, Montana.
- Approved, March 14, 2025
Valley Bank of Ronan, Ronan, Montana -- to establish a branch at 116 West Railroad Avenue, Plains, Montana.
- Approved, January 9, 2025
Bank Holding Companies
Park Financial Group, Inc., Minneapolis, Minnesota -- relief from certain commitments.
- Granted, March 19, 2025
Glacier Bancorp, Inc., Kalispell, Montana -- waiver of application to acquire Bank of Idaho Holding Co. and thereby indirectly acquire Bank of Idaho, both of Idaho Falls, Idaho, in connection with the merger of Bank of Idaho with and into Glacier Bank, Kalispell, Montana.
- Granted, February 26, 2025
Bravera Holdings Corp. (Bravera), Dickinson, North Dakota -- (1) to acquire Vision Bank Holdings, Inc., and thereby indirectly acquire VISIONBank, both of Fargo, North Dakota, and (2) for Bravera Acquisition Corp., Dickinson, North Dakota, an interim subsidiary, to merge with Vision Bank Holdings, Inc., whereby Bravera Acquisition Corp. will be the surviving entity and a wholly owned subsidiary of Bravera for a moment in time. Following the interim holding company merger, Bravera Acquisition Corp. will be merged with and into Bravera, with Bravera being the surviving entity.
- Approved, February 3, 2025
Change In Bank Control
Finlayson Bancshares, Inc., Finlayson, Minnesota -- Gabrielle Pogatchnik, Philadelphia, Pennsylvania, to join the Pogatchnik Family Control Group, a group acting in concert, to retain voting shares of Finlayson Bancshares, Inc., and thereby indirectly retain voting shares of First Independent Bank, Russell, Minnesota, and Northview Bank, Sandstone, Minnesota.
- Permitted, February 27, 2025
Clayton Bankshares, Inc., La Crosse, Wisconsin -- Dennis J. Vogel, La Crosse, Wisconsin, to join the Bosshard Family Group, a group acting in concert, to retain voting shares of Clayton Bankshares, Inc., and thereby indirectly retain voting shares of Citizens State Bank of La Crosse, La Crosse, Wisconsin.
- Permitted, February 6, 2025
Deerwood Bancshares, Inc., Baxter, Minnesota -- Victoria L. Holinka, Maple Grove, Minnesota, as independent trustee, and John R. Spalj, Scottsdale, Arizona, as family trustee, of the Nicole Spalj 2025 Exempt Trust, the Bianca Spalj 2025 Exempt Trust, and the Chauntel Spalj 2025 Exempt Trust, all of Scottsdale, Arizona; and John Ohlin, Baxter, Minnesota, as trustee of the Nicole Spalj Escrow Trust, the Bianca Spalj Escrow Trust, and the Chauntel Spalj Escrow Trust, all of Scottsdale, Arizona; to become members of the Spalj Family Control Group, a group acting in concert, to acquire voting shares of Deerwood Bancshares, Inc., and thereby indirectly acquire voting shares of Deerwood Bank, Waite Park, Minnesota. John R. Spalj was previously permitted by the Federal Reserve System to acquire voting shares of Deerwood Bancshares, Inc., and to join the Spalj Family Control Group.
- Permitted, January 28, 2025
Chippewa Valley Agency, Ltd., Hayward, Wisconsin -- Lindsey M. Anderson, individually and as trustee of the Rick H. Gerber-Lindsey Irrevocable Trust, both of Chippewa Falls, Wisconsin; Brittney L. Gerber, individually and as trustee of the Rick H. Gerber-Brittany Irrevocable Trust, both of Altoona, Wisconsin; and Ryan M. Gerber, individually and as trustee of the Rick H. Gerber-Ryan Irrevocable Trust, both of Hayward, Wisconsin; to join the Gerber Family Control Group, a group acting in concert, to acquire voting shares of Chippewa Valley Agency, Ltd., and thereby indirectly acquire voting shares of Chippewa Valley Bank, Hayward, Wisconsin.
- Permitted, January 15, 2025
The Bridger Company, Bridger, Montana -- the estate of Leon Langemeier (Estate), Red Lodge, Montana, and Bart Langemeier, Red Lodge, Montana, individually and as personal representative of the Estate, each to retain voting shares of The Bridger Company and thereby indirectly retain voting shares of Bank of Bridger, National Association, Bridger, Montana. Additionally, the Estate would join the Langemeier Family Shareholder Group, a group acting in concert.
- Permitted, January 8, 2025
American Federal Corporation, Fargo, North Dakota -- John A. Schumacher, West Fargo, North Dakota, as co-trustee of the American Federal Bank and Affiliates Employee Stock Ownership Plan (ESOP) and as co-trustee and committee member of the American Federal Bank Restricted Stock Plan and Trust (RSP), individually and as a new member of an existing group acting in concert consisting of ESOP, RSP, and the individuals that control those entities, to acquire voting shares of American Federal Corporation and thereby indirectly acquire voting shares of American Federal Bank, all of Fargo, North Dakota.
- Permitted, January 7, 2025
Redwood Financial, Inc., Redwood Falls, Minnesota -- Gale M. Hoese, Glencoe, Minnesota, to retain voting shares of Redwood Financial, Inc., and thereby indirectly retain voting shares of HomeTown Bank, Carver, Minnesota.
- Permitted, January 6, 2025
Elkton Holding Company, Elkton, South Dakota -- Frederick Hegerfeld, individually and as co-trustee of the Fred and Laura Hegerfeld Trust (FL Trust), both of Elkton, South Dakota, to acquire voting shares of Elkton Holding Company (Holding Company) and thereby indirectly acquire voting shares of BankStar Financial (Bank), Elkton, South Dakota. In addition, the Charles Hegerfeld Living Trust, Charles Hegerfeld, as trustee, the FL Trust, Frederick Hegerfeld and Laura Hegerfeld as co-trustees, and the Toni M. Hegerfeld Living Trust, Toni M. Hegerfeld as trustee, all of Elkton, South Dakota; Amanda Lauer, Jackson Hegerfeld, and Mary Harvey, all of Brookings, South Dakota; Katie Kielman, Elizabeth Hegerfeld, and Patricia Hegerfeld, all of Sioux Falls, South Dakota; Megan Hammond, Aurora, South Dakota; Rebecca Jurgens, Avon, South Dakota; Rachel Hegerfeld, Omaha, Nebraska; Anna Marie Erickson, Lakeville, Minnesota; and Susan Davis, Anchorage, Alaska, to join the Hegerfeld Family Group, a group acting in concert, to retain voting shares of Holding Company and thereby indirectly retain voting shares of Bank. Frederick Hegerfeld and Charles Hegerfeld were previously permitted by the Federal Reserve System to join the Hegerfeld Family Group.
- Permitted, January 6, 2025

Last Update: March 27, 2025