Notice of Change in
Control of a Bank
Holding Company
The Harold G. Wahlquist Revocable Trust (“Wahlquist Trust”), Eden Prairie, Minnesota, (co-trustees, Harold G. Wahlquist, Jr., Eden Prairie, Minnesota and Katherine M. Wahlquist, St. Louis Park, Minnesota); and Harold G. Wahlquist Jr. and Katherine M. Wahlquist, each individually and as co-trustee of the Wahlquist Trust; intend to apply to the Federal Reserve Board for permission to retain control of 25 percent or more of the shares; and thereby control of MidWest Bancorporation, Inc. (“Company”), Eden Prairie, Minnesota. Additionally, all of the above, along with Charles P. Wahlquist, West End, North Carolina, and Andrew C. Wahlquist, Plymouth, Minnesota, intend to apply to the Federal Reserve Board for permission to join the Wahlquist Family Group, a group acting in concert that controls Company. Company controls Star Bank, Maple Lake, Minnesota. The Federal Reserve considers a number of factors in deciding whether to approve the notice.
You are invited to submit comments in writing on this notice to the Federal Reserve Bank of Minneapolis, Attention: Applications Officer, Division of Supervision, Regulation and Credit, P.O. Box 291, Minneapolis, MN 55480-0291. Comments can also be sent electronically to MA@mpls.frb.org. The comment period will not end before April 22, 2025 and may be somewhat longer. The Board’s procedures for processing applications may be found at 12 C.F.R. Part 262.25. To obtain a copy of the Federal Reserve Board’s procedures, or if you need more information about how to submit your comments on the notice, contact Mark Nagle, Assistant Vice President, at (612) 751-1563. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the notice if they are received in writing by the Reserve Bank on or before the last day of the comment period.
(29c)