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 February 10, 2007

Filer Filing Type Filing Proposal End of Comment Period
CITIZENS BANCORP, INC. * 3A1 Citizens Bancorp, Inc., Cadott, Wisconsin, to become a bank holding company by acquiring 100 percent of Citizens State Bank, Cadott, Wisconsin.
Newspaper: Not available
Federal Register: Not available
HAYWARD BANCSHARES, INC. Member
* 3A3
Hayward Bancshares, Inc., Eau Claire, Wisconsin, to acquire 100 percent of Summit Community Bank, Maplewood, Minnesota, and incident thereto, Summit Community Bank, Maplewood, Minnesota, a de novo bank, to become a member of the Federal Reserve System.
Newspaper: Not available
Federal Register: 03/05/2007
NORTHERN STAR FINANCIAL, INC. CIC Notice by Robert Donavon Weerts and Jennifer Lavon Weerts, both of Winnebago, Minnesota, to gain control of Northern Star Financial, Inc., Mankato, Minnesota, and thereby indirectly gain control of Northern Star Bank, Mankato, Minnesota.
Newspaper: Not available
Federal Register: 02/05/2007
STATE BANK FINANCIAL * 18C
* Branch
State Bank Financial, La Crosse, Wisconsin, proposes to purchase the assets and assume the liabilities of the Sparta, Wisconsin, branch of Acuity Bank, Tomah, Wisconsin, and incident thereto establish a branch at 203 West Wisconsin, Sparta, Wisconsin.
Newspaper: Not available
Federal Register: Not applicable
STATE BANKSHARES, INC. 4c8 State Bankshares Inc., Fargo, North Dakota, to acquire 100 percent of Passport Benefit Solutions, L.L.C., a limited liability company, Minnetonka, Minnesota and thereby engage in employee benefits consulting services and related data processing.
Newspaper: Not applicable
Federal Register: 02/28/2007
TRINITY INVESTMENTS, INC. * 3A1 Trinity Investments, Inc., Glen Ullin, North Dakota, to become a bank holding company by acquiring 100 percent of Bank of Glen Ullin, Glen Ullin, North Dakota.
Newspaper: Not available
Federal Register: 03/05/2007
WESTERN HOLDING COMPANY OF WOLF POINT CIC Change in control notice by Duane A. Kurokawa and Rosella Kurokawa, both of Wolf Point, Montana, to acquire 25 percent or more of the shares of Western Holding Company of Wolf Point, Wolf Point, Montana, and thereby indirectly acquire control of Western Bank of Wolf Point, Wolf Point, Montana.
Newspaper: 02/08/2007
Federal Register: 02/13/2007


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
STOCKMENS BK, CASCADE, MONTANA 667252 10/23/2006 02/06/2007 S Small 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