Details for Security State Bank and F&M Bank - notice

(First Publication Date: April 28, 2021)
NOTICE OF APPLICATIONS
BY
GRANITE FALLS BANK
GRANITE FALLS, MINNESOTA
Notice is hereby given that Granite Falls Bank, 702 Prentice Street, Granite Falls,
Yellow Medicine County, Minnesota 56241 has made application to the Minnesota
Department of Commerce and the Federal Deposit Insurance Corporation for consent to acquire through merger F&M Bank Minnesota, 940 10th Avenue, Clarkfi eld,
Yellow Medicine County, Minnesota 56223 and Security State Bank of Fergus Falls,
128 Washington Avenue East, Fergus Falls, Otter Tail County, Minnesota 56537;
to establish detached facilities at 940 10th Avenue, Clarkfi eld, Yellow Medicine
County, Minnesota 56223 (DF 1459), 128 Washington Avenue East, Fergus Falls,
Otter Tail County, Minnesota 56537 (DF 1460), and 815 East Depue Avenue, Olivia,
Renville County, Minnesota 56277 (DF 1461); and to immediately change its name
to FM BANK. It is contemplated that business locations of the merged banks will
continue to be operated. The applications were made pursuant to Minn. Stat. secs.
49.33 to 49.41, and 47.51 to 47.57 plus sec. 18(c) of the Federal Deposit Insurance
Act. The above applications were fi led with the Minnesota Department of Commerce on April 8, 2021.
This notice is being published in the The Daily Journal, Fergus Falls on April 28,
May 5, May 12 and in the Granite Falls Advocate Tribune, Granite Falls on April 29,
May 6, May 13 and in the Revile County Register, Olivia on April 29.
Any person, bank, or other fi nancial institution has a right to fi le written communication in favor of or against the applications described above. Written comments will
become a part of the public record on the applications and should be addressed to:
Maxwell Zappia, Deputy Commissioner
Minnesota Department of Commerce
Corporation
Division of Financial Institutions
85 7th Place East, Suite 280
St. Paul, Minnesota 55101

James D. LaPierre,
Regional Director
Federal Deposit Insurance
1100 Walnut Street
Suite 2100
Kansas City, Missouri 64106

Written comments to the Minnesota Department of Commerce must be received
within fi fteen (15) calendar days after the publication date in Minnesota in Clarkfi eld,
Fergus Falls, and Oliva, Minnesota pursuant to Minn. Stat. sec. 47.54. An administrative hearing in accordance with the provisions of the Administrative Procedure
Act, Minn. Stat. Chap. 14, may be ordered at the discretion of the Commissioner
to hear testimony and to take evidence in favor of or against the applications. In
addition, the nonconfi dential sections of the applications are available for review at
the Minnesota Department of Commerce in St. Paul. For an appointment for public
review or for information on copies and related charges, please telephone (651)
539-1714 during normal business hours of 8:00 a.m. to 4:00 p.m.
Any person wishing to comment on this application may fi le his or her comments in
writing with the Regional Director of the Federal Deposit Insurance Corporation at
its regional offi ce located at 1100 Walnut Street, Suite 2100, Kansas City, Missouri
64106 not later than May 29, 2021. The non-confi dential portions of the application
are on fi le in the regional offi ce and are available for public inspection during regular
business hours. Photocopies of the nonconfi dential portion of the application fi le
will be made available upon request.
Granite Falls Bank
702 Prentice Street
Granite Falls, Minnesota 56241
Yellow Medicine County
Minnesota Bank Charter 114
FDIC Certifi cate No. 10998
Publication Dates: April 28, May 5 & 12, 2021

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