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Federal Reserve Board announces approval of applications by Security Trust & Savings Bank

October 12, 2018 / Source: FRB

Press Release

October 12, 2018

Federal Reserve Board announces approval of applications by Security Trust & Savings Bank

For release at 2:30 p.m. EDT

The Federal Reserve Board on Friday announced its approval of the applications, under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act, by Security Trust & Savings Bank, Storm Lake, Iowa, to acquire substantially all of the assets and assume substantially all of the liabilities of First National Bank of Rembrandt, Rembrandt, Iowa, and establish and operate a branch at the location of the main office of First National Bank of Rembrandt.

Attached is the Board’s order relating to this action.

For media inquiries, call 202-452-2955.

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Last Update: October 12, 2018