Minneapolis
Highland Bancshares, Inc., Saint Michael, Minnesota -- Richard M. Wall, Eden Prairie, Minnesota; Elizabeth Wall Lee, Sunfish Lake, Minnesota; and John K. Wall, Wayzata, Minnesota, to retain voting shares of Highland Bancshares, Inc., and thereby indirectly retain voting shares of Highland Bank, Saint Michael, Minnesota. In addition, Richard M. Wall, as trustee to the following trusts: the 2012 Grantor Trust for Richard M. Wall and Family dated 12/26/12, the Emilie Grace Wall 2020 Irrevocable Trust dated 12/26/20, the Ericka Marie Wall 2020 Irrevocable Trust dated 12/26/20, and the Julianna Karin Wall 2020 Irrevocable Trust dated 12/26/20; John K. Wall, as trustee to the following trusts: the 2012 Grantor Trust for John K. Wall and Family dated 12/26/12, the Lauren Wall 2020 Irrevocable Trust dated 12/26/20, and the Jack Wall 2020 Irrevocable Trust dated 12/26/20; and Elizabeth Wall Lee, as trustee to the following trusts: the 2012 Grantor Trust for Elizabeth W. Lee and Family dated 12/26/12, the Kevin Connor Lee 2020 Irrevocable Trust dated 12/26/20, and the Shannon Elizabeth Lee 2020 Irrevocable Trust dated 12/26/20, all of Minneapolis, Minnesota, to join the Wall Family Control Group, a group acting in concert, to acquire voting shares of Highland Bancshares, Inc., and thereby indirectly acquire voting shares of Highland Bank.
-Permitted, December 24, 2021