Federal Reserve publishes change-in-control notices for Deerwood Bancshares acquisition

The Federal Reserve System issued a notice in the Federal Register (Vol. 91, No. 212, Nov. 4, 2026, FR Doc 2026-22503, pp. 69564-69565) announcing applications filed under the Change in Bank Control Act and Regulation Y to acquire shares of a bank or bank holding company.

The public portions of the applications and any related filings are available for immediate inspection at the Federal Reserve Bank of Minneapolis, 90 Hennepin Avenue, Minneapolis, Minnesota, and at the Board of Governors' offices. Interested parties may submit written comments to the Minneapolis Reserve Bank or to the Board Secretary, Benjamin W. McDonough, at 20th Street and Constitution Avenue NW, Washington, DC 20551-0001, no later than Nov. 19, 2026.

The notice lists John Ohlin, individually and as trustee of the Zachariah Spalj Escrow Trust, the Kalina Spalj Escrow Trust, the Megan Hanssen Escrow Trust, the Joe Ritter Escrow Trust, the Natalie Ritter Escrow Trust, the Nicole Spalj 2025 Exempt Trust, the Bianca Spalj 2025 Exempt Trust, and the Chauntel Spalj 2025 Exempt Trust, seeking to retain voting shares of Deerwood Bancshares, Inc., and thereby indirectly retain voting shares of Deerwood Bank. In addition, Luke Spalj, John R. Spalj, John Ohlin, Jennifer Harting, and Joel Bauer are identified as joining the Majority Shareholder Control Group, a group acting in concert, to retain voting shares of Deerwood Bancshares.

Comments received are subject to public disclosure. The Board states that comments will generally be made available without change, except for the removal of personal or business information that is confidential or identifying. Requests for expedited copies may be directed to the appropriate Federal Reserve Bank or the Board's Freedom of Information Office.

The notice is signed by Michele Taylor Fennell, Associate Secretary of the Board, and was filed on Nov. 3, 2026 at 8:45 a.m.