GEBSCO, Inc., Mondovi, Wisconsin, intends to apply to the Federal Reserve Board for permission to acquire a bank, Rushford State Bank (Incorporated), Rushford, Minnesota. We intend to acquire control of Rushford State Bank (Incorporated), Rushford, Minnesota. The Federal Reserve considers a number of factors in deciding whether to approve the application/notice including the record of performance of banks we own in helping to meet local credit needs.
You are invited to submit comments in writing on this application/notice to the Federal Reserve Bank of Minneapolis, Attention: Applications Officer, Division of Supervision, Regulation and Credit, P.O. Box 291, Minneapolis, MN 55480-0291. Comments can also be sent electronically to MA@mpls.frb.org. The comment period will not end before May 20, 2026 and may be somewhat longer. The Board’s procedures for processing applications/notices may be found at 12 C.F.R. Part 262. Procedures for processing protested applications/notices may be found at 12 C.F.R. 262.25. To obtain a copy of the Federal Reserve Board’s procedures, or if you need more information about how to submit your comments on the application/notice, contact Mark Nagle, Assistant Vice President, at (612) 751-1563. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the application/notice if they are received in writing by the Reserve Bank on or before the last day of the comment period.
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