The Federal Reserve System has received applications from the individuals and trusts of the Maifeld Family to acquire shares in Clarkel, Inc., and indirectly Iowa State Bank in Clarksville, Iowa. This action is part of a process under the Change in Bank Control Act, which involves evaluating specific factors before approval. The public can access details about these applications at certain Federal Reserve Bank locations and online. Interested parties are invited to submit written comments on the applications, which are due by May 2, 2025, and these comments will be publicly available.
Simple Explanation
The people from the Maifeld Family want to buy part of a bank in Iowa, and the bank's bosses need to think about some rules before giving them a thumbs up. Anyone who wants to say something about this buying plan can write in before May 2, 2025.