A CITIZENS ALLIANCE BANK Customer Driven. Community Focused. First Security Bank Date: Friday, January 9th - Citizens Alliance Bank to Acquire Benson and Renville Branches from First Security Bank - Sleepy Eye For Immediate Release Clara City, Minn. January 9, 2026 - Citizens Alliance Bank ("CAB") and First Security Bank - Sleepy Eye ("FSB") have entered into a purchase and assumption agreement, dated December 12, 2025. Under this agreement, CAB will acquire the Benson and Renville, Minnesota branch locations from FSB, reinforcing Citizens Alliance Bank's commitment to community banking and strengthening its presence and ser- vice to these two communities. This transaction applies only to the Benson and Renville branches of FSB - Sleepy Eye and does not include other First Security Bank entities or locations. Following the sale activity, new Citizens Alliance Bank customers will see a suite of products and services focused upon enhancing their banking experience in areas such as credit cards, digital banking technologies and an expanded lending limit. "We look forward to serving the Benson and Renville communities and believe these locations will be a strong addition to our growing footprint in Minnesota," said Chad Forkrud, President of Citizens Alliance Bank. Customers can expect a full suite of deposit and loan prod- ucts, exceptional customer service, and a modern digital banking experience, all delivered with local decision-making and the communityfo- cused values that define our organization. First Security Bank's President, David Thompson, stated First Security Bank has enjoyed a great relationship with the communities and customers of Benson and Renville. We are grateful for their support, and we believe the transition of these branch locations to Citizens Alliance Bank will continue to provide them with supportive banking services well into the future." Transaction Timeline The transaction is subject to regulatory approval by the FDIC, Minnesota regulators, and FSB shareholders. Approval is anticipated in the first quarter of 2026, with closing during the weekend of August 22, 2026. About Citizens Alliance Bank Citizens Alliance Bank, founded in 1902, is an independent community bank headquartered in Clara City, Minnesota, with total assets ex- ceeding $1.45 billion. CAB operates ten offices serving rural communities in west-central Minnesota, including Clara City, Echo, Granite Falls, Howard Lake, Lake Lillian, Maynard, Montevideo, Murdock, Sacred Heart, and Watertown. In addition, CAB has seven offices across Western Montana. Citizens Alliance Bank is a wholly owned subsidiary of Forstrom Bancorporation, Inc., a family-owned organization. Upon integra- tion with the Benson and Renville branches of First Security Bank - Sleepy Eye, Forstrom Bancorporation will exceed $1.50 billion in consoli- dated assets. About First Security Bank - Sleepy Eye First Security Bank - Sleepy Eye was established in 1882 and has approximately $193 million in assets. The bank has proudly served and sup- ported Benson and Renville for decades, working alongside local families, businesses, agriculture, and community projects. First Security Bank - Sleepy Eye will continue to operate in the communities of Sleepy Eye, Lamberton and Storden. Media Contact: Citizens Alliance Bank Marketing Department marketing@citizensalliancebank.com A CITIZENS ALLIANCE BANK Customer Driven . Community Focused . First Security Bank Date : Friday , January 9th - Citizens Alliance Bank to Acquire Benson and Renville Branches from First Security Bank - Sleepy Eye For Immediate Release Clara City , Minn . January 9 , 2026 - Citizens Alliance Bank ( " CAB " ) and First Security Bank - Sleepy Eye ( " FSB " ) have entered into a purchase and assumption agreement , dated December 12 , 2025. Under this agreement , CAB will acquire the Benson and Renville , Minnesota branch locations from FSB , reinforcing Citizens Alliance Bank's commitment to community banking and strengthening its presence and ser- vice to these two communities . This transaction applies only to the Benson and Renville branches of FSB - Sleepy Eye and does not include other First Security Bank entities or locations . Following the sale activity , new Citizens Alliance Bank customers will see a suite of products and services focused upon enhancing their banking experience in areas such as credit cards , digital banking technologies and an expanded lending limit . " We look forward to serving the Benson and Renville communities and believe these locations will be a strong addition to our growing footprint in Minnesota , " said Chad Forkrud , President of Citizens Alliance Bank . Customers can expect a full suite of deposit and loan prod- ucts , exceptional customer service , and a modern digital banking experience , all delivered with local decision - making and the communityfo- cused values that define our organization . First Security Bank's President , David Thompson , stated First Security Bank has enjoyed a great relationship with the communities and customers of Benson and Renville . We are grateful for their support , and we believe the transition of these branch locations to Citizens Alliance Bank will continue to provide them with supportive banking services well into the future . " Transaction Timeline The transaction is subject to regulatory approval by the FDIC , Minnesota regulators , and FSB shareholders . Approval is anticipated in the first quarter of 2026 , with closing during the weekend of August 22 , 2026 . About Citizens Alliance Bank Citizens Alliance Bank , founded in 1902 , is an independent community bank headquartered in Clara City , Minnesota , with total assets ex- ceeding $ 1.45 billion . CAB operates ten offices serving rural communities in west - central Minnesota , including Clara City , Echo , Granite Falls , Howard Lake , Lake Lillian , Maynard , Montevideo , Murdock , Sacred Heart , and Watertown . In addition , CAB has seven offices across Western Montana . Citizens Alliance Bank is a wholly owned subsidiary of Forstrom Bancorporation , Inc. , a family - owned organization . Upon integra- tion with the Benson and Renville branches of First Security Bank - Sleepy Eye , Forstrom Bancorporation will exceed $ 1.50 billion in consoli- dated assets . About First Security Bank - Sleepy Eye First Security Bank - Sleepy Eye was established in 1882 and has approximately $ 193 million in assets . The bank has proudly served and sup- ported Benson and Renville for decades , working alongside local families , businesses , agriculture , and community projects . First Security Bank - Sleepy Eye will continue to operate in the communities of Sleepy Eye , Lamberton and Storden . Media Contact : Citizens Alliance Bank Marketing Department marketing@citizensalliancebank.com