GEBSCO Inc Acquires Rushford State Bank Application
Summary
The Federal Reserve System published a notice that GEBSCO Inc., Mondovi, Wisconsin, has applied to the Board for approval under the Bank Holding Company Act of 1956 to acquire Rushford State Bank (Incorporated), Rushford, Minnesota. The application is available for public inspection at the Federal Reserve Bank of Minneapolis, and interested persons may submit written comments on the standards enumerated in the BHC Act. Comments must be received by May 22, 2026.
“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 May 22, 2026.”
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What changed
GEBSCO Inc. filed an application with the Federal Reserve to acquire Rushford State Bank, triggering a public comment period under the Bank Holding Company Act of 1956 and Regulation Y. The application is subject to review against the standards enumerated in 12 U.S.C. 1842(c). Interested persons may submit views in writing, with comments due by May 22, 2026.
Affected parties include bank holding companies, community banks in Wisconsin and Minnesota, and investors in regional banking institutions. Stakeholders with concerns about the transaction should submit comments to the Federal Reserve Bank of Minneapolis or the Board of Governors in Washington, DC before the deadline.
What to do next
- Submit written comments to the Federal Reserve Bank of Minneapolis or the Board of Governors by May 22, 2026
Archived snapshot
Apr 22, 2026GovPing 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.
Content
The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956
(12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company
and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company
and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below.
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 the BHC Act (12 U.S.C. 1842(c)).
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 May 22, 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:
- GEBSCO, Inc., Mondovi, Wisconsin; to acquire Rushford State Bank (Incorporated), Rushford, Minnesota.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell, Associate Secretary of the Board. [FR Doc. 2026-07816 Filed 4-21-26; 8:45 am] BILLING CODE 6210-01-P
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