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Notice of Change in Control of Bank Hold

Notice of Change in Control of Bank Holding Company Williams Family 2021 Irrevocable Trust Agreement, Casselton, North Dakota (the “Williams Family Trust”), of which James L. Williams III, Casselton, North Dakota, is the sole trustee, intends to apply to the Federal Reserve Board and the North Dakota Department of Financial Institutions for permission to retain control of 10 percent or more of the shares and thereby control of First Financial Corporation, Arthur, North Dakota (“Company”), and thereby join the Williams Family Group, a group acting in concert which controls 25 percent or more of Company. Additionally, James L. Williams III, individually and as trustee of the Williams Family Trust, intends to apply to the Federal Reserve Board and the North Dakota Department of Financial Institutions for permission to retain control of 25 percent or more of the shares and thereby control of Company. Company controls BankNorth, Arthur, North Dakota. The Federal Reserve considers a number of factors in deciding whether to approve the notice. The procedure for processing the application and factors considered by the North Dakota Department of Financial Institutions are found under Section 6-08-08.1 of the North Dakota Century Code. You are invited to submit comments in writing on this notice 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 May 31, 2022, 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 Chris Wangen, Assistant Vice President, at (612) 204-5087. 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. You are also invited to submit comments in writing on this notice to the North Dakota Department of Financial Institutions, 1200 Memorial Hwy, Bismarck, ND 58504, or by calling 701-328-9933. You may also review the application or obtain a copy of the application by contacting the Department at the previous address or by calling 701-328-9933. (May 11, 2022) 62146