Public Notice Publish July 30, 2021 Interagency Notice of Change in Control The Peter J.
Publish July 30, 2021
Interagency Notice of
Change in Control
The Peter J. Nelson Irrevocable Trust II, u/a/d _________ ___, 2021(Glenwood, MN - Kari A.M. Nelson, trustee, Glenwood, MN) intends to apply to the Federal Reserve Board for permission to acquire shares of Financial Services of Lowry, Inc. (Lowry, MN) and thereby join the Nelson and Martinson Families group acting in concert that collectively controls 25% or more of the shares and thereby controls Lowry. Lowry controls Lowry State Bank (Lowry, MN) and First National Bank of Osakis (Osakis, MN). The Federal Reserve considers a number of factors in deciding whether to approve the notice.
You are invited to submit comments in writing on this 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. The comment period will not end before August 19, 2021 and may be somewhat longer. The Board's procedures for processing applications may be found at 12 C.F.R. Part 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 notice, contact Chris Wangen, Assistant Vice President, at (612) 204-5087. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the notice if they are received in writing by the Reserve Bank on or before the last day of the comment period.