Fed issues change-in-control notice for Pioneer Bank share acquisition
The Saltzman Family Control Group's proposed acquisition of voting shares in Pioneer Bank is open for public comment through Oct. 8, 2026.
The Federal Reserve System published a Change in Bank Control notice under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y (12 CFR 225.41). The notice lists applications to acquire shares of a bank or bank holding company.
The applicants are the Shennen S.C. Saltzman Irrevocable Bank Trust, the Saltzman Legacy Bank Trust, and the Sundae M. Haggerty Irrevocable Trust, joining the Saltzman Family Control Group, to acquire voting shares of Pioneer Development Company and thereby indirectly acquire voting shares of Pioneer Bank, both located in Sergeant Bluff, Iowa. In addition, the First Amended and Restated Theodore G. Saltzman Jr. Bank Trust, with Colleen Saltzman as trustee and Sundae Haggerty as trust protector, seeks to retain voting shares of Pioneer Development Company and thereby retain voting shares of Pioneer Bank.
The public portions of the applications and any related filings are available for immediate inspection at the Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois, and at the Board of Governors' offices, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001. Comments must be submitted to the Reserve Bank indicated or to the Board's Secretary, Benjamin W. McDonough, no later than October 8, 2026. Comments are subject to public disclosure and will generally be made available without alteration.
Electronic comments may be sent to the email address provided in the notice. The notice is filed as FR Doc 2026-19449 on September 22, 2026 at 8:45 am.
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