North Salem Bancorp to acquire Tri-County Bancorp, Indiana

Regs.gov: Federal Reserve System

Published March 27th, 2026

Detected March 30th, 2026

Summary

The Federal Reserve published a notice that North Salem State Bancorporation, North Salem, Indiana, filed an application to acquire 13.08 percent of the voting shares of Tri-County Bancorp, and thereby indirectly acquire voting shares of Tri-County Bank & Trust Company, both of Roachdale, Indiana. The application is subject to public comment under the Bank Holding Company Act of 1956. Comments must be received by April 29, 2026.

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What changed

The Federal Reserve Board published a notice of application under the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) and Regulation Y (12 CFR part 225). North Salem State Bancorporation seeks to acquire 13.08 percent of voting shares of Tri-County Bancorp, which would result in indirect acquisition of Tri-County Bank & Trust Company, both headquartered in Roachdale, Indiana. The Board invites public comment on the standards enumerated in 12 U.S.C. 1842(c).\n\nInterested persons may submit written comments to the Federal Reserve Bank of Chicago or to the Board of Governors in Washington, DC. Comments must be received by April 29, 2026. Comments received are subject to public disclosure and should not include confidential information. This is a standard bank holding company application notice with no new regulatory obligations created.

What to do next

Submit written comments to the Federal Reserve Bank of Chicago or the Board of Governors if you have views on the application
Direct comments to Colette A. Fried, Assistant Vice President, at 230 South LaSalle Street, Chicago, Illinois 60690-1414 or electronically to Comments.applications@chi.frb.org
Ensure any comments do not include confidential or personally identifying information that would be inappropriate for public disclosure

Source document (simplified)

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 April 29, 2026.

A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414. Comments can also be
sent electronically to Comments.applications@chi.frb.org:

The North Salem State Bancorporation, North Salem, Indiana; to acquire 13.08 percent of the voting shares of Tri-County Bancorp., and thereby indirectly acquire voting shares of Tri-County Bank & Trust Company, both of Roachdale, Indiana.

Board of Governors of the Federal Reserve System.

Michele Taylor Fennell, Associate Secretary of the Board. [FR Doc. 2026-06101 Filed 3-27-26; 8:45 am] BILLING CODE P