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 11, 2017

Filer Filing Type Filing Proposal End of Comment Period
AMERI FINANCIAL GROUP, INC. * 3A3 Ameri Financial Group, Inc., Stillwater, Minnesota, to acquire 100 percent of First Resource Bank, Lino Lakes, Minnesota.
Newspaper: Not available
Federal Register: 02/24/2017
HAZEN BANCORPORATION, INC. * 3A3 Hazen Bancorporation, Inc., Hazen, North Dakota, to increase its ownership in North Star Holding Company, Inc., Jamestown, North Dakota, as a result of a stock redemption of North Star Holding Company, and thereby indirectly increase its control of Unison Bank, Jamestown, North Dakota.
Newspaper: Not available
Federal Register: 02/14/2017
MCINTOSH COUNTY BANK HOLDING COMPANY, INC. * 3A3 McIntosh County Bank Holding Company, Inc., Ashley, North Dakota, to increase its ownership in North Star Holding Company, Inc., Jamestown, North Dakota, as a result of a stock redemption of North Star Holding Company, and thereby indirectly increase its control of Unison Bank, Jamestown, North Dakota.
Newspaper: Not available
Federal Register: 02/14/2017
SIGNATURE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST * 3A1 Signature Bancshares, Inc., Employee Stock Ownership Plan & Trust, Minnetonka, Minnesota, to become a bank holding company by acquiring up to 35 percent of Signature Bancshares, Inc., Minnetonka, Minnesota, and thereby indirectly acquire control of Signature Bank, Minnetonka, Minnesota.
Newspaper: 02/25/2017
Federal Register: 03/03/2017
STARION BANCORPORATION CIC Franklin G. Larson Revocable Trust, Franklin G. Larson Trustee, Valley City, North Dakota, Mary JoAndrea Larson Revocable Trust, Mary JoAndrea Larson Trustee, Valley City, North Dakota, Mary JoAndrea Larson Irrevocable Spousal Trust, Franklin G. Larson, Trustee, Valley City, North Dakota, Scott M. Larson, Stillwater, Oklahoma, Wyatt Larson Irrevocable Trust, Scott Larson Trustee, Stillwater, Oklahoma, Michael J. Larson, Fargo, North Dakota, Heidi J. Barranger, Zephyr Cove, Nevada, Nicholas Barranger, Fountain Hills, Arizona, Michelle Larson, Bismarck, North Dakota, Paige Larson 2015 Irrevocable Trust 1, First Lawyers Trust Company Joel Black trustee, Rapids City, South Dakota, and Annika Larson 2015 Irrevocable Trust 1, First Lawyers Trust Company Joel Black trustee, to retain shares and thereby join the Larson Family Group, that controls through the Larson Family Stock Transfer Agreement, 25 percent or more of the shares of Starion Bancorporation, Bismarck, North Dakota, and thereby indirectly controls Starion Bank, Bismarck, North Dakota.
Newspaper: Not available
Federal Register: 02/23/2017
STATE BANK OF BOTTINEAU HOLDING COMPANY CIC Change in control notice by Patrick Artz, Richard Kornkven, and Monte Mikkelsen, all of Bottineau, North Dakota, to each acquire 10% or more of the shares of State Bank of Bottineau Holding Company, Bottineau, North Dakota, and thereby indirectly gain control of Sate Bank of Bottineau, Bottineau, North Dakota
Newspaper: Not available
Federal Register: Not available
STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN * 3A3 Stearns Financial Services, Inc., Employee Stock Ownership Plan, Saint Cloud, Minnesota, to retain and acquire additional stock and increase its ownership interest up to 23.594% of Stearns Financial Services, Inc., Saint Cloud, Minnesota, and thereby indirectly increase its control of Stearns Bank National Association, Saint Cloud, Minnesota, Stearns Bank of Upsala, National Association, Upsala, Minnesota, and Stearns Bank of Holdingford, National Association, Holdingford, Minnesota.
Newspaper: Not available
Federal Register: Not available
WADENA BANKSHARES, INC. * 18C
* 3A3
Wadena Bankshares Inc., Wadena, Minnesota, to acquire 100% of FNB Acquisition Holding Corporation, Wadena, Minnesota. In addition, Wadena State Bank, Wadena, Minnesota, to merge with The First National Bank in Wadena, Wadena, Minnesota.
Newspaper: Not available
Federal Register: 02/27/2017
WEST END FINANCIAL CORP. * 3A3 West End Financial Corp, Ironwood, Michigan, to acquire 100 percent of Ewen Bancshares, Inc., Ewen, Michigan, and thereby indirectly acquire The State Bank of Ewen, Ewen, Michigan.
Newspaper: Not available
Federal Register: 03/03/2017


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

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