Federal Reserve: Investors Seek To Retain Control of Fargo Bank Holding Company
December 17, 2025
December 17, 2025
WASHINGTON, Dec. 17 (TNSFR) -- A group of investors has filed a notice with the Federal Reserve System to retain voting shares of American Federal Corp. that would allow the group to indirectly maintain control of American Federal Bank, both of Fargo, North Dakota.
Brianna Klegstad of Hallock, Minnesota, John A. Schumacher of West Fargo, North Dakota, and Jeffrey A. Schumacher of Grand Forks, North Dakota, acting in concert, submitted the application under the Change in Bank Control . . .
Brianna Klegstad of Hallock, Minnesota, John A. Schumacher of West Fargo, North Dakota, and Jeffrey A. Schumacher of Grand Forks, North Dakota, acting in concert, submitted the application under the Change in Bank Control . . .