Changeflow GovPing Banking & Finance Change in Bank Control Notices; Acquisitions of...
Routine Notice Added Final

Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

Favicon for www.federalregister.gov FR: Federal Reserve System
Published
Detected
Email

Summary

The Federal Reserve published a notice announcing one change in bank control application under the Change in Bank Control Act. The Zachariah Spalj Escrow Trust and related parties seek to acquire voting shares of Deerwood Bancshares, Inc. and join the Spalj Family Control Group. Comments on the application are due by April 28, 2026.

Published by Federal Reserve System on federalregister.gov . Detected, standardized, and enriched by GovPing. Review our methodology and editorial standards .

What changed

The Federal Reserve published a notice of one change in bank control application under the Change in Bank Control Act. The Zachariah Spalj Escrow Trust, Kalina Spalj Escrow Trust, Megan Ritter Escrow Trust, Joe Ritter Escrow Trust, Natalie Ritter Escrow Trust, and John Ohlin as trustee seek to join the Spalj Family Control Group and acquire voting shares of Deerwood Bancshares, Inc., thereby indirectly acquiring Deerwood Bank.

Affected parties and interested persons may submit written comments on the application to the Federal Reserve Bank of Minneapolis or the Board of Governors by April 28, 2026. Comments received are subject to public disclosure.

What to do next

  1. Submit comments to the Federal Reserve Bank of Minneapolis or the Board of Governors by April 28, 2026

Archived snapshot

Apr 11, 2026

GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.

Notice

Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

A Notice by the Federal Reserve System on 04/13/2026

  • PDF

  • Document Details

- Table of Contents

  • Public Comments
  • Regulations.gov Data

- Sharing

  • Print
  • Document Statistics
  • Other Formats
  • Public Inspection Published Document: 2026-07116 (91 FR 18865) Document Headings ###### Federal Reserve System

The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the Board's Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).

The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board's Freedom of Information Office at https://www.federalreserve.gov/​foia/​request.htm. Interested persons may express their views in writing on the standards enumerated in paragraph 7 of the Act.

Comments received are subject to public disclosure. In general, comments received will be made available without change and will not be modified to remove personal or business information including confidential, contact, or other identifying information. Comments should not include any information such as confidential information that would not be appropriate for public disclosure.

Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Benjamin W. McDonough, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington DC 20551-0001, not later than April 28, 2026.

A. Federal Reserve Bank of Minneapolis (Mark Nagle, Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291. Comments can also be sent electronically to MA@mpls.frb.org:

  1. The Zachariah Spalj Escrow Trust, the Kalina Spalj Escrow Trust, the Megan Ritter Escrow Trust, the Joe Ritter Escrow Trust, and the Natalie Ritter Escrow Trust, John Ohlin, as trustee of all aforementioned trusts, all of Baxter, Minnesota; to become members of the Spalj Family Control Group, a group acting in concert, to acquire voting shares of Deerwood Bancshares, Inc., Baxter, Minnesota, and thereby indirectly acquire voting shares of Deerwood Bank, Waite Park, Minnesota. John Ohlin was previously permitted by the Federal Reserve System to acquire voting shares of Deerwood Bancshares, Inc., and to join the Spalj Family Control Group.

Board of Governors of the Federal Reserve System.

Michele Taylor Fennell,

Associate Secretary of the Board.

[FR Doc. 2026-07116 Filed 4-10-26; 8:45 am]

BILLING CODE P

Published Document: 2026-07116 (91 FR 18865)

CFR references

12 CFR 225.41

Named provisions

Change in Bank Control Act

Get daily alerts for FR: Federal Reserve System

Daily digest delivered to your inbox.

Free. Unsubscribe anytime.

About this page

What is GovPing?

Every important government, regulator, and court update from around the world. One place. Real-time. Free. Our mission

What's from the agency?

Source document text, dates, docket IDs, and authority are extracted directly from Federal Reserve System.

What's AI-generated?

The summary, classification, recommended actions, deadlines, and penalty information are AI-generated from the original text and may contain errors. Always verify against the source document.

Last updated

Classification

Agency
Federal Reserve System
Published
April 13th, 2026
Comment period closes
April 28th, 2026 (12 days)
Compliance deadline
April 28th, 2026 (12 days)
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor
Document ID
91 FR 18865
Docket
2026-07116

Who this affects

Applies to
Banks Investors
Industry sector
5221 Commercial Banking
Activity scope
Bank acquisition review Voting share acquisition Control group formation
Geographic scope
United States US

Taxonomy

Primary area
Banking
Operational domain
Compliance
Compliance frameworks
Dodd-Frank
Topics
Corporate Governance Securities

Get alerts for this source

We'll email you when FR: Federal Reserve System publishes new changes.

Free. Unsubscribe anytime.

You're subscribed!