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 May 26, 2007

Filer Filing Type Filing Proposal End of Comment Period
1ST BANK * 18C
* Branch
1st Bank, Sidney, Montana, to purchase certain assets and assume certain liabilities of the Broadus, Montana branch of Rocky Mountain Bank, Billings, Montana, and incident thereto proposes to establish a branch at 201 North Wilber, Broadus, Montana.
Newspaper: Not available
Federal Register: Not applicable
BLOOMER BANCSHARES, INC. CIC Notice by Archie Pecha, and Ardella Pecha, both of Arcadia, Flordia, Terry Pecha, Bloomer, Wisconsin, Todd Pecha, Bloomer, Wisconsin, Cindy Dachel, Capitola, California, Melanie Pecha Rubenzer, Bloomer, Wisconsin, and Rhonda Prince, Bloomer, Wisconsin, to retain control of Bloomer Bancshares, Inc., Bloomer, Wisconsin, and thereby indirectly gain control of Peoples State Bank of Bloomer, Bloomer, Wisconsin.
Newspaper: Not available
Federal Register: 05/17/2007
FIRST BANK OF BALDWIN, THE * 18C
* Branch
First Bank of Baldwin, Baldwin, Wisconsin to merge with Bank of Spring Valley Spring Valley, Wisconsin and thereto establish branches at 320 McKay Street Spring Valley, Wisconsin and 409 Main Street Plum City, Wisconsin.
Newspaper: Not available
Federal Register: Not applicable
FIRST NATIONAL BANK OF SAUK CENTRE RETIREMENT SAVINGS & EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST * 3A3 First National Bank of Sauk Centre Retirement Savings & Employee Stock Ownership Plan and Trust, Sauk Centre, Minnesota, and Sauk Centre Financial Services Inc., Sauk Centre, Minnesota, to acquire 100 percent of Lake Country State Bank, Long Prairie, Minnesota.
Newspaper: Not available
Federal Register: 06/18/2007
MESABA BANCSHARES, INC. * 3A3 Mesaba Bancshares, Inc., Grand Rapids, Minnesota, to acquire 100 percent of Evergreen Bancshares, Inc., Two Harbors, Minnesota, and thereby indirectly acquire The Lake Bank, Two Harbors, Minnesota.
Newspaper: 06/05/2007
Federal Register: 06/05/2007


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
NONE


CRA Examinations scheduled for Third Quarter of 2007 (July 1, 2007 - September 30, 2007)

Institution Location
BANKFIRST SIOUX FALLS, SOUTH DAKOTA
BELT VALLEY BK BELT, MONTANA
CENTRAL SVG BK SAULT SAINTE MARIE, MICHIGAN
CROW RIVER ST BK DELANO, MINNESOTA
FIRST SECURITY BK MISSOULA MISSOULA, MONTANA
FIRST ST BK OF MALTA MALTA, MONTANA
FIRST ST BK SOUTHWEST PIPESTONE, MINNESOTA
GLACIER BK OF WHITEFISH WHITEFISH, MONTANA
KANABEC ST BK MORA, MINNESOTA
MERCHANTS ST BK FREEMAN, SOUTH DAKOTA
PIONEER B&TC BELLE FOURCHE, SOUTH DAKOTA
PLAZA PARK ST BK WAITE PARK, MINNESOTA
STATE SVG BK OF MANISTIQUE MANISTIQUE, MICHIGAN
VALLEY BK OF RONAN RONAN, MONTANA
WADENA ST BK WADENA, MINNESOTA

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