Notice of Application for Acquisition of a Bank or Bank Holding Company by a Bank Holding Company

Notice of Application for Acquisition of a Bank or Bank Holding Company by a Bank Holding Company Stearns Financial Services, Inc. of St. Cloud, Minnesota intends to apply to the Federal Reserve Board for permission to acquire One American Financial Corporation, Sioux Falls, South Dakota. We intend to acquire control of One American Bank, Centerville, South Dakota. The Federal Reserve considers a number of factors in deciding whether to approve the application including the record of performance of banks we own in helping to meet local credit needs. You are invited to submit comments in writing on this application to the Federal Reserve Bank of Minneapolis, Attention: Applications 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 November 3, 2025 and may be somewhat longer. The Board's procedures for processing applications may be found at 12 C.F.R. Part 262. Procedures for processing protested applications may be found at 12 C.F.R. 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 application, 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 application if they are received in writing by the Reserve Bank on or before the last day of the comment period. October 2 2025 LMNS0379392