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