Notice of Change in Control of Pioneer Development Company.

The Shennen S.C. Saltzman Irrevocable Bank Trust, Shennen Saltzman, as Trustee, both of Dakota Dunes, South Dakota; together with The Sundae M. Haggerty Irrevocable Trust, Sundae Haggerty as Trustee, both of South Sioux City, Nebraska; and The Saltzman Legacy Bank Trust, Theodore S.C. Saltzman, as Trustee, both of Dakota Dunes, South Dakota, intend to join the Saltzman Family Control Group, a group acting in concert, and apply to the Federal Reserve Board for permission to acquire 25 percent or more of the voting shares of Pioneer Development Company, Sergeant Bluff Iowa, and thereby control Pioneer Bank, Sergeant Bluff, Iowa. Additionally, The First Amended and Restated Theodore G. Saltzman Jr. Bank Trust, M. Colleen Saltzman as Trustee both of Dakota Dunes, South Dakota and Sundae Haggerty as Trust Protector of the First Amended and Restated Theodore G. Saltzman Jr. Bank Trust both of South Sioux City, Nebraska, request permission to retain 10 percent or more of voting shares of Pioneer Development Company, Sergeant Bluff, Iowa, and thereby control Pioneer Bank, Sergeant Bluff, Iowa. 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 Christopher Koopmans, Senior Vice President Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, IL 60604. The comment period will not end before September 17, 2026 and may be somewhat longer. The Board’s procedures 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 Suchi Saxena, Community Affairs Officer and Vice President, Community Development, at (312) 322-4357; to request a copy of the notice, contact Christopher Koopmans at (312) 322-8119. 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.