Federal Reserve Reviewing Fargo-Based Bank Acquisition
August 05, 2025
August 05, 2025
WASHINGTON, Aug. 5 (TNSFR) -- The Federal Reserve Board has opened a period for public comments regarding a proposed bank acquisition. An application has been submitted by the Bank Forward Employee Stock Ownership Plan and Trust based in Fargo, North Dakota, to acquire a stake in Security State Bank Holding Company. This move would give the trust an ownership stake of up to 45.45% of the holding company's voting shares, which would also provide it with indirect control of Bank Forward, a ba . . .