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Fed roundup: Fed approves change in bank control at First Rushmore Bancorp.

S&P Global Market Intelligence presents a weekly roundup of notable actions of the Federal Reserve, as well as applications and reports received from banks, thrifts and credit unions. This feature excludes branch news and news previously covered by S&P Global Market Intelligence.

Change in bank control

The Federal Reserve Bank of Minneapolis on July 23 permitted a change in bank control at Worthington, Minn.-based First Rushmore Bancorp. Inc. and its unit, First State Bank Southwest.