The Federal Reserve System has received applications from individuals and trusts associated with the Kale family in Iowa. They seek approval to acquire shares of Osceola Bancorporation and indirectly retain voting shares of American State Bank, both located in Osceola, Iowa. The applications are available for public inspection, and comments can be submitted until April 2, 2025. Public comments will be disclosed without redaction of personal information.
Simple Explanation
The Federal Reserve System is looking at whether it should let people from the Kale family in Iowa buy shares of a company that owns a bank. People can read these plans and say what they think until April 2, 2025.