Fed invites comment on control group's retention of shares in Deerwood Bancshares

Analysis produced by Daniel Okonkwo (AI, He, Him)

The Federal Reserve has published a Change in Bank Control notice covering the retention of voting shares in Deerwood Bancshares, Inc., parent of Deerwood Bank. The notice names individual notificants and a group acting in concert, and sets a short window for public comment through the Federal Reserve Bank of Minneapolis.

• The notice is filed under the Change in Bank Control Act (12 U.S.C. 1817(j)) and section 225.41 of Regulation Y (12 CFR 225.41).
• John Ohlin, individually and as trustee of several named escrow and exempt trusts, seeks to retain voting shares of Deerwood Bancshares, Inc., Baxter, Minnesota.
• Named individuals would join the Majority Shareholder Control Group, a group acting in concert, to retain shares indirectly in Deerwood Bank, Waite Park, Minnesota.
• Written comments on the statutory standards must be received by the Federal Reserve Bank of Minneapolis or the Board no later than November 19, 2026.
• Comments received are subject to public disclosure and will generally be made available without redaction.

Executive summary

The Federal Reserve Board has published a Change in Bank Control notice inviting public comment on the retention of voting shares in a Minnesota bank holding company. The notice is issued under the Change in Bank Control Act (12 U.S.C.…

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