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

District: 9
Federal Reserve Bank of: Minneapolis

Filings received during the week ending December 12, 2015

Filer

Filing Type

Filing Proposal

End of Comment Period

BANK FORWARD EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

4c8
* 3A1

Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota, to retroactively become a bank holding company, by retaining 25 percent or more of the shares of Security State Bank Holding Company, Fargo North Dakota and thereby indirectly retain control of Bank Forward, Hannaford, North Dakota. In addition, retroactive filing by Bank Forward Employee Stock Ownership Plan and Trust, indirectly, and by Security State Bank Holding Company, Fargo, North Dakota, directly, to engage in extending credit and servicing loans.

Newspaper:	01/03/2016
Federal Register:	01/11/2016

FIRST BANCSHARES CORPORATION

* 3A3

First Bancshares Corporation, Gladstone, Michigan, to acquire 100 percent of Northern Michigan Bank & Trust, Escanaba, Michigan.

Newspaper:	Not available
Federal Register:	Not available

FIRST FINANCIAL CORPORATION

CIC

Brooks F. Burgum, Fargo, North Dakota, individually, and as a trustee of the Frederick W. Burgum-Katherine J. Burgum 2008 FFC GRAT (Burgum GRAT), Fargo, North Dakota, to retain 25 percent or more of the shares of First Financial Corporation, Arthur, North Dakota. In addition, Burgum GRAT; Frederick W. Burgum, Arthur, North Dakota; and Katherine B. Itterman, Fargo, North Dakota, as members of the Burgum family control group, to retain 25 percent or more of the shares of First Financial Corporation, Arthur, North Dakota, and thereby indirectly retain control of First State Bank of North Dakota, Arthur, North Dakota.

Newspaper:	Not available
Federal Register:	12/28/2015

SARGENT BANKSHARES, INC.

CIC

Austin D. McLaen and Matthew S. McLaen, both of Forman, North Dakota, to retain voting shares of Sargent Bankshares, Inc., Forman, North Dakota, and thereby remain members of the McLaen family shareholder group, which controls 25% or more of Sargent Bankshares, Inc. and thereby indirectly controls Sargent County Bank, Forman, North Dakota.

Newspaper:	12/17/2015
Federal Register:	12/23/2015

TYSAN CORPORATION, THE

CIC

James N. Sanders, Plymouth, Minnesota, as managing member of Thanh Van LLC, Minneapolis, Minnesota, (TV LLC), Van Sanders, Plymouth, Minnesota, as managing member of JNS LLC, Minneapolis, Minnesota (JNS LLC), and James N. Sanders and Van Sanders as trustees of The Van Sanders Revocable Trust, Minneapolis, Minnesota, (Trust), to acquire shares and join the Tychman/Sanders Group, which controls 25 percent or more of The Tysan Corporation, Minneapolis, Minnesota, and thereby gain control of Lake Community Bank, Long Lake, Minnesota, and Pine Country Bank, Little Falls, Minnesota.

Newspaper:	12/19/2015
Federal Register:	12/15/2015

WEST END FINANCIAL CORP.

* 3A3

West End Financial Corp, Ironwood, Michigan, to acquire 100 percent of Gresham Bancshares, Inc., Gresham, Wisconsin, and thereby indirectly acquire State Bank, Gresham, Wisconsin.

Newspaper:	Not available
Federal Register:	01/04/2016

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 Quarter of

Institution	Location
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 9 Federal Reserve Bank of: Minneapolis

Filings received during the week ending December 12, 2015

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 9
Federal Reserve Bank of: Minneapolis