NOTICE OF ACQUISITION OF CONTROL of a Minnesota Bank Pursuant to Minnesota Law Regarding Change of Control Notice is hereby given by: John Ohlin, as trustee for the Zachariah Spalj Escrow Trust, Kalina Spalj Escrow Trust, Megan Ritter Escrow Trust, Joe Ritter Escrow Trust, and Natalie Ritter Escrow Trust, all to join the Spalj Family Control Group. Luke Spalj and John Ohlin, as trustee for the Zachariah Spalj Exempt Trust, Kalina Spalj Exempt Trust, Megan Ritter Exempt Trust, Joe Ritter Exempt Trust, and Natalie Ritter Exempt Trust, all to join the Spalj Family Control Group. to acquire 25% or more of the shares of: Deerwood Bancshares, Inc. Baxter, Minnesota which controls a subsidiary bank named: Deerwood Bank Waite Park, Minnesota The Commissioner of Commerce, State of Minnesota, pursuant to Minn. Stat. sec. 46.048, accepted this notification for filing on April 24, 2026. Public comment will be accepted on the application for a period of not less than 21 days from April 30, 2026, the date of publication. Written comments should be addressed to: Michael G. Crow, 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 bank.applications.comm@state.mn.us or (651) 539-1570. Publication Dates LMNS0508623