Notice of Change in Control of a 

Bank Holding Company 

Nancy Ferche, individually, and as trustee of the Robert Ferche Revocable Trust, as amended (the “Ferche Trust”) and Marital Trust governed by the Ferche Trust agreement, all of St. Stephen, Minnesota, intends to apply to the Federal Reserve Board for permission to acquire 10 percent or more of the shares and thereby control of St. Joseph Bancshares Acquisitions, Inc., Saint Joseph, Minnesota (“Company”). Company controls Sentry Bank, Saint Joseph, Minnesota; and Sherburne State Bank, Becker, Minnesota (the “Banks”). Additionally, the Kimberly M. Juelke Revocable Trust, with Kimberly Juelke as trustee, both of Little Falls, Minnesota; Jason R. Ferche 2006 Revocable Trust, as amended, with Jason Ferche as trustee, both of Rice, Minnesota; Tamara L. Layne Revocable Trust, with Tamara O’Hara as trustee (formerly known as Tamara L. Layne), both of Sartell, Minnesota; and Cheryl A. Lumley Revocable Trust, as amended, with Cheryl Ferche as trustee (formerly known as Cheryl A. Lumley), both of Sartell, Minnesota, intend to apply to the Federal Reserve Board for permission to acquire shares and thereby join the Ferche Family Shareholder Group acting in concert which owns 10 percent or more of the shares of Company. 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: Application 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 June 19, 2025, and may be somewhat longer. The Board’s procedure 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.

(Published in the Patriot: 05/24/25.)