NOTICE OF APPLICATIONSBYEXCHANGE STATE BANK OF HILLSHILLS, MINNESOTATO ACQUIRE THROUGH MERGER ELLSWORTH STATE BANK ELLSWORTH, MINNESOTATO ESTABLISH A DETACHED FACILITY IN ELLSWORTHState Application No. 887Notice is hereby given that Exchange State Bank of Hills has made applications to the Minnesota Commissioner of Commerce and to the Federal Deposit Insurance Corporation for consent to merge with Ellsworth State Bank and to establish a detached facility by merger at the charter location of the bank in Ellsworth at 219 South Broadway, Ellsworth, Nobles County, Minnesota 56129 (DF 887). Existing business locations of the merged banks will continue to be operated. The merged bank will operate under the name "Exchange State Bank". The applications were made pursuant to Minnesota Statutes, Sections 49.33 to 49.41 and 47.51 to 47.57 plus Section 18 (c) of the Federal Deposit Insurance Act. The applications were accepted for filing by the Minnesota Department of Commerce on February 10, 2004. This notice is being published in the Nobles County Review, Adrian, Minnesota, on February 18, 2004, March 3, 2004, and March 24, 2004 and in the Hills Crescent Newspaper, Hills, Minnesota, on February 19, 2004, March 4, 2004 and March 25, 2004. Any person, bank, or other financial institution has a right to file written communication in favor of or against the applications described above. Written comments will become a part of the public record on the applications. Written comments should be addressed to: Kevin M. Murphy, Deputy Commissioner Ronald F. Bieker, Regional DirectorMinnesota Department of Commerce Federal Deposit Insurance CorporationDivision of Financial Examinations 2345 Grand Avenue85 7th Place East, Suite 500 Suite 1500St. Paul, Minnesota 55101 Kansas City, Missouri 64108For processing with the Minnesota Department of Commerce, written comments must be received by the Minnesota Commissioner of Commerce within fifteen (15) calendar days after the publication date in Ellsworth, pursuant to Minn. Stat. § 47.54. An administrative hearing in accordance with the provisions of the Administrative Procedure Act, Minn. Stat., Chapter 14, may be ordered at the discretion of the Commissioner to hear testimony and to take evidence in favor of or against the applications. In addition, the nonconfidential sections of the applications are available for review at the Minnesota Department of Commerce in St. Paul. For an appointment for public review or for information on copies and related charges, please telephone (651) 297-4867 during normal business hours of 8:00 a.m. to 4:00 p.m. For processing with the Federal Deposit Insurance Corporation, written comments to the Federal Deposit Insurance Corporation should be submitted before processing of the application has been completed. Processing will be completed no earlier than the 30th day following the first required publication. The period may be extended by the Regional Director for good cause. The nonconfidential portion of the application file is available at the Federal Deposit Insurance Corporation for inspection within one day following the request for such file. It may be inspected in the Corporation’s Regional Office during regular business hours. Photocopies of information in the nonconfidential portion of the applications’ file will be made available upon request. A schedule of charges for such copies can be obtained from the Regional Office: (816) 234-8000.February 16, 2004 /s/ Rodney B. BonanderRodney B. Bonander, PresidentExchange State Bank of HillsState Highway 270 & County Road 6P.O. Box 487Hills, Minnesota 56138Rock CountyMinnesota Bank Charter 794FDIC Certificate No. 08212(2-19, 3-4, 3-18)
