NOTICE OF ACQUISITION OF CONTROL

Published 12:32pm Wednesday, February 13, 2013

(First Publication February 8, 2013)

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

Retroactive Notice is hereby given by:

Kellen Matthew Shebeck
Underwood, Minnesota

to acquire 25% or more of the shares of:

Underwood Bancshares, Inc.
Underwood, Minnesota

which controls a subsidiary bank named:

Farmers State Bank of Underwood
Underwood, Minnesota

The Commissioner of Commerce, State of Minnesota, pursuant to Minnesota Statutes, Sections 46.047 to 46.048, accepted this notification for filing on January 31, 2013.
Public comment will be accepted on the application for a period of not less than 21 days from February 8, 2013, the date of publication. Written comments should be addressed to:

Mary Jo Wall, Acting 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 4:00 p.m. by telephoning (651) 297-4867 for an appointment.

Publication Date: February 8, 2013

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