Federal Reserve publishes Change in Bank Control applications for Darwin Bancshares
The Johnson family's acquisition of voting shares in Darwin Bancshares and Perennial Bank is open for public comment through Oct. 15, 2026.
The Federal Reserve System has issued a notice of applications filed under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y (12 CFR 225.41) to acquire voting shares of a bank or bank holding company. The public comment period closes on October 15, 2026, and comments must be submitted to the Federal Reserve Bank of Minneapolis or the Board of Governors, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001.
Michael Johnson of Litchfield, Minnesota, has applied to acquire voting shares of Darwin Bancshares, Inc., thereby indirectly acquiring voting shares of Perennial Bank, both located in Darwin, Minnesota. In addition, Jeb Johnson, New London, Minnesota; Max Johnson, Bryce Johnson, and Josh Johnson, all of Darwin, Minnesota; Zachary Johnson, Grove City, Minnesota; Chad Johnson, Monticello, Minnesota; Rachael Larson, St. Cloud, Minnesota; and Krysta Roemeling, Avon, Minnesota, seek to join the Johnson Family Control Group to retain voting shares of the company and, by extension, the bank.
The public portions of these applications and any related filings required by the Board are available for immediate inspection at the Federal Reserve Bank of Minneapolis, 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291, and at the Board's offices. Expedited access may be requested, and additional information can be obtained through the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm. Electronic comments may be sent to the protected email address listed in the notice.
Comments received are subject to public disclosure and will generally be made available without alteration, except for the removal of personal, business, or confidential identifying information. Commenters are advised not to include confidential information that would be inappropriate for public release.
The notice is signed by Michele Taylor Fennell, Associate Secretary of the Board. It appears in the Federal Register as FR Doc 2026-20017, filed on September 29, 2026, at 8:45 a.m. Billing code 6210-01-P.
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