Notice of Acquisition of Control




of a Minnesota Bank

Pursuant to Minnesota

Law Regarding

Change of Control

Notice is hereby given by: Mark Jon Vis, as co-trustee of First State Bank Southwest 2010 Amended and Restated KSOP Plan & Trust, Worthington, Minnesota to acquire 25% or more of the control of: First Rushmore Bancorporation, Inc., Worthington, Minnesota which controls a subsidiary bank named: First State Bank Southwest, Pipestone, Minnesota.

The Commissioner of Commerce, State of Minnesota, pursuant to Minn. Stat. Sec. 46.048, accepted this notification for filing on October 4, 2022.

Public comment will be accepted on the application for a period of not less than 21 days from October 27, 2022, the date of publication. Written comments should be addressed to:

Maxwell Zappia, Deputy Commissioner

Department of Commerce

Division of Financial Institutions

85 7th Place East, Suite 280

Saint Paul, Minnesota 55101

Consistent with state law, the nonconfidential part of the Notice is available for review by contacting or (651) 539-1570.