NOTICE OF ACQUISITION OF CONTROL

Published 3:48pm Tuesday, November 13, 2012

(First Publication November 8, 2012)

NOTICE OF ACQUISITION OF CONTROL
of a Minnesota Bank Pursuant to Minnesota Law Regarding Change of Control

Notice is hereby given by:

Independent Bancshares, Inc.
Clarkfield, Minnesota

to acquire control of:

Security State Bank of Fergus Falls
Fergus Falls, Minnesota

The Commissioner of Commerce, State of Minnesota, pursuant to Minnesota Statutes, Sections 46.047 to 46.048, accepted this notification for filing on October 23, 2012.  Public comment will be accepted on the application for a period of not less than 21 days from November 8, 2012 the date of publication. Written comments should be addressed to:

William K. Horlitz, Deputy Commissioner
Department of Commerce
Division of Financial Institutions
85 7th Place East, Suite 500
Saint Paul, Minnesota  55101

Consistent with state and federal law, the Notice is a public document available for review at the Department of Commerce during normal business hours of 8:00 a.m. to 4:00p.m. by telephoning  (651) 297-4867 for an appointment.

Publication Date: November 8, 2012.

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