Contract
Federal Reserve Publishes Bank Control Notice for First Lena Corporation Acquisition
A group of Illinois and Wisconsin individuals and trusts have applied to jointly retain voting shares of First Lena Corporation and its subsidiary Citizens State Bank under the Change in Bank Control Act.
The Federal Reserve System published a notice on September 4, 2026, disclosing that several individuals and trusts have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Section 225.41 of the Board's Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company.
The applicants — Jamie A. Hagenow of Verona, Wisconsin; Carrie E. Jones of Platteville, Wisconsin; Valerie Battisti of Palatine, Illinois; Baline Stamm and the Jeffrey L. Stamm Trust (Jeffrey L. Stamm, trustee), both of Lena, Illinois; and the Cali R. Lelle Trust A (Cali R. Lelle, trustee) and the Cali Lelle Revocable Living Trust (Cali R. Lelle and Larry Lelle, co-trustees), both of Arlington Heights, Illinois — seek to join the Lelle-Stamm Family Group, a group acting in concert. The stated purpose is to retain voting shares of First Lena Corporation and thereby indirectly retain voting shares of Citizens State Bank, both located in Lena, Illinois.
The notice is administered through the Federal Reserve Bank of Chicago (Christopher Koopmans, Senior Vice President), located at 230 South LaSalle Street, Chicago, Illinois. The Board explains that public portions of the applications are available for immediate inspection at the indicated Federal Reserve Bank and at the offices of the Board of Governors, and may also be obtained on an expedited basis by contacting the appropriate Federal Reserve Bank or the Board's Freedom of Information Office. The factors considered in acting on such applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).
What to watch
Interested persons may submit written views on the standards enumerated in paragraph 7 of the Act. The Board notes that comments received are subject to public disclosure and will generally be made available without modification, including any personal or business information. Comments regarding this application must be received at the Federal Reserve Bank of Chicago or at the offices of the Board of Governors — addressed to Benjamin W. McDonough, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001 — no later than September 21, 2026.
Related
Sources
14 citedEvery hard fact above is grounded in and cited to a primary source record.
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The notice was published on September 4, 2026, in Federal Register Volume 91, Number 171.
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The applicants filed under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Section 225.41 of the Board's Regulation Y (12 CFR 225.41).
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Jamie A. Hagenow is located in Verona, Wisconsin.
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Carrie E. Jones is located in Platteville, Wisconsin.
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Valerie Battisti is located in Palatine, Illinois.
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Baline Stamm and the Jeffrey L. Stamm Trust, with Jeffrey L. Stamm as trustee, are located in Lena, Illinois.
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The Cali R. Lelle Trust A, with Cali R. Lelle as trustee, and the Cali Lelle Revocable Living Trust, with Cali R. Lelle and Larry Lelle as co-trustees, are both located in Arlington Heights, Illinois.
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The applicants seek to join the Lelle-Stamm Family Group, a group acting in concert.
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The purpose is to retain voting shares of First Lena Corporation and thereby indirectly retain voting shares of Citizens State Bank, both of Lena, Illinois.
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The application is administered through the Federal Reserve Bank of Chicago (Christopher Koopmans, Senior Vice President), at 230 South LaSalle Street, Chicago, Illinois.
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The factors considered in acting on the applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).
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Public portions of the applications are available for immediate inspection at the Federal Reserve Bank indicated and at the offices of the Board of Governors.
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Comments received are subject to public disclosure and will generally be made available without change, without modification to remove personal or business information.
federalregister.gov -
Comments must be received at the Reserve Bank indicated or the offices of the Board of Governors, addressed to Benjamin W. McDonough, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001, not later than September 21, 2026.
federalregister.gov