Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 9
Federal Reserve Bank of: Minneapolis

Filings received during the week ending April 8, 2006

Filer Filing Type Filing Proposal End of Comment Period
BRIDGER COMPANY, THE CIC Interagency Notice of Change in control by Karlyn B. Lohrenz Trust, Karlyn B. Lohrenz as trustee, and Karlyn B. Lohrenz as an individual, Billings, Montana, to acquire 16 2/3 percent of the shares of The Bridger Company, Bridger, Montana and join a group acting in concert which also includes Harold J. Lohrenz and Clarence G. Lohrenz.
Newspaper: Not available
Federal Register: 04/25/2006
CORNERSTONE HOLDING COMPANY, INC. * 3A1 Cornerstone Holding Company, Inc., Fargo, North Dakota, to acquire 100 percent of Citizens, Incorporated, Enderlin, North Dakota and thereby indirectly acquire Citizens State Bank, Enderlin, North Dakota.
Newspaper: 04/26/2006
Federal Register: 04/23/2006
FORSTROM BANCORPORATION, INC. * 3A3 Forstrom Bancorporation, Inc., Clara City, Minnesota, to acquire 100 percent of the outstanding shares of Yellow Medicine Bancshares, Inc., Granite Falls, Minnesota, and thereby indirectly acquire Yellow Medicine County Bank, Granite Falls, Minnesota.
Newspaper: 04/24/2006
Federal Register: 04/17/2006
FSB BANCORP, INC. * 3A1 FSB Bancorp, Inc., Sioux Falls, South Dakota, to become a bank holding company by acquiring 100 percent of Farmers State Bank of Turton, South Dakota.
Newspaper: 04/24/2006
Federal Register: 04/21/2006
JAG FINANCIAL, INC. * 3A1 JAG Financial, Inc., St. Paul, Minnesota to become a bank holding company by acquiring 100 percent of The EastBank Corporation, Minneapolis, Minnesota, and thereby indirectly acquire 100 percent of EastBank, Minneapolis, Minnesota.
Newspaper: Not available
Federal Register: 04/23/2006
SALISH AND KOOTENAI BANCORPORATION * 3A1 Salish and Kootenai Bancorporation, Polson, Montana, to become a bank holding company by acquiring 100 percent of the capital stock of Eagle Bank, Polson, Montana, a de novo bank.
Newspaper: 03/13/2006
Federal Register: 03/03/2006


Availability of CRA Public Evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

Federal bank regulators use the following performance levels to rate an institution's performance under CRA:

O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.
 
Institution / Location
RSSD
ID
 
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
FIRST PREMIER BK, SIOUX FALLS, SOUTH DAKOTA 374653 11/14/2005 04/04/2006 S Int Sm Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco