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Federal Reserve: Iowa Trust Seeks Stake in Banking Firm
August 02, 2025
WASHINGTON, Aug. 2 (TNSFR) -- A trust based in Des Moines, Iowa, has applied to the Federal Reserve to acquire voting shares of Gilman Investment Co., a bank holding company located in Oskaloosa, Iowa. This transaction would also give the trust an indirect stake in Citizens Savings Bank of Marshalltown, Iowa. The application was submitted by the Donald D. Arendt Qualified Terminable Interest Property Marital Trust I, with Donna Arendt of Oskaloosa serving as the trustee.

The applica . . .

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