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 May 6, 2017

Filer

Filing Type

Filing Proposal

End of Comment Period

FIRST FINANCIAL CORPORATION

* 3A3

First Financial Corporation, Arthur, North Dakota, to acquire 100 percent of First State Bank of Warner, Warner, South Dakota.

Newspaper:	Not available
Federal Register:	05/22/2017

FRANKSON INVESTMENT CORPORATION

CIC

Change in Control Notice by James Richard Sankovitz, Chaska, Minnesota, individually and as trustee of the Irrevocable Trust Agreement for the Benefit of Katherine M. Buland ("Buland Trust") to acquire 10 percent or more of the shares of Frankson Investment Corporation, Waseca, Minnesota ("Frankson"), and thereby indirectly gain control of The First National Bank of Waseca, Waseca, Minnesota ("Bank"). In addition the Buland Trust (trustees James Sankovitz, Thomas Sankovitz, and Ann Gaytko), Waseca, Minnesota, and Bernard Gaytko, Waseca, Minnesota, to acquire/retain shares of Frankson and thereby join the Sankovitz family shareholder group, which controls Frankson and thus indirectly controls Bank.

Newspaper:	Not available
Federal Register:	05/09/2017

MINNESOTA NATIONAL BANK RETIREMENT SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN & TRUST

* 3A3

Minnesota National Bank Retirement Savings & Employee Stock Ownership Plan & Trust, Sauk Centre, Minnesota, to retroactively increase to 11.19% its ownership of Sauk Centre Financial Services, Inc., Sauk Centre, Minnesota, and thereby indirectly increase its control of Minnesota National Bank, Sauk Centre, Minnesota.

Newspaper:	05/28/2017
Federal Register:	05/24/2017

SAUK CENTRE FINANCIAL SERVICES, INC.

CIC

Paul Skorheim, Sauk Centre, Minnesota, individually and as a trustee of the Minnesota National Bank Retirement Savings & Employee Stock Ownership Plan & Trust (ESOP), to retain 10 percent or more of the shares of Sauk Centre Financial Services, Inc., Sauk Centre, Minnesota (SCFS), and thereby indirectly retain control of Minnesota National Bank, Sauk Centre, Minnesota. Additionally, the ESOP's trustees, Paul Skorheim, and Donald John, Sauk Centre, Minnesota, as members of a group acting in concert with the ESOP, to retain control of 10 percent or more of the shares of SCFS, and thereby indirectly control Minnesota National Bank, Sauk Centre, Minnesota.

Newspaper:	05/18/2017
Federal Register:	05/24/2017

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

District: 9 Federal Reserve Bank of: Minneapolis

Filings received during the week ending May 6, 2017

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 9
Federal Reserve Bank of: Minneapolis