Notice of Change in Control of a Bank Holding Company

Notice of Change in Control of a Bank Holding Company

David Phelps, Sioux City, Iowa, individually and as a group acting in concert with George W. Phelps Bank Stock Trust, George Phelps, Trustee, Kingsley, Iowa; The Linda K. Phelps Bank Stock Trust, Linda K. Phelps, Trustee, Kingsley, Iowa, The Robert B Phelps Bank Stock Trust, Robert B Phelps, Trustee, Kingsley, Iowa, The Carol Phelps Bank Stock Trust, Carol Phelps, Trustee, Kingsley, Iowa, Robert W. Phelps, Milwaukee, Wisconsin, Alison Hoogeveen, Kingsley, Iowa, and Scott Phelps, Kingsley, Iowa, intend to apply to the Federal Reserve Board for permission join the Phelps Family Control Group as approved in 1985 and retain control of 25 percent or more of the voting shares of Kingsley Banc Corp and thereby indirectly control Kingsley State Bank, both of Kingsley, Iowa.  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 Colette A. Fried, Assistant Vice President Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, IL 60604. The comment period will not end before October 25, 2018, 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 Alicia Williams, Vice President of Community Development and Policy Studies at (312) 322-5910; to request a copy of the notice, contact Colette A. Fried at (312) 322-6846. 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.

Published in The Record
Thursday, September 27, 2018