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 20, 2017

Filer

Filing Type

Filing Proposal

End of Comment Period

BANCOMMUNITY SERVICE CORPORATION

CIC

Change in Control Notice by Mark Edward Davis, Saint Peter, Minnesota, Stanley Martin Davis, Plymouth, Minnesota, Martin Edward Davis, Excelsior, Minnesota, Mark Mitchell, Davis, Excelsior, Minnesota, as a group acting in concert, to acquire 10% or more of the shares of Bancommunity Services Corporation, Saint Peter, Minnesota, and thereby indirectly gain control of First National Bank Minnesota, Saint Peter, Minnesota.

Newspaper:	Not available
Federal Register:	Not available

ELYSIAN, INC.

CIC

Joel LaFrance, Elysian, Minnesota, to retroactively acquire shares of Elysian Inc., Elysian, Minnesota, and thereby join the group, comprised of Michael LaFrance and Judith LaFrance, both of Elysian, Minnesota, which controls 25% or more of Elysian Inc., Elysian, Minnesota and thereby indirectly controls Elysian Bank, Elysian, Minnesota.

Newspaper:	Not available
Federal Register:	06/07/2017

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:	06/01/2017
Federal Register:	05/09/2017

UPTOWN BANCORPORATION, INC.

4c8

Uptown Bancorporation, Inc., Britton, South Dakota, proposes to acquire 25% of Performance Data Center, LLC, Pierre, South Dakota, indirectly through First American State Bank, Oldham, South Dakota, and thereby provide data processing services.

Newspaper:	Not applicable
Federal Register:	Not applicable

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 2017 (July 1, 2017 - September 30, 2017) and Fourth Quarter of 2017 (October 1, 2017 - December 31, 2017)

Institution	Location	Quarter
DACOTAH BK	ABERDEEN, SOUTH DAKOTA	Third Quarter of 2017
FIRST ST BK OF WARNER	WARNER, SOUTH DAKOTA	Third Quarter of 2017
SECURITY FNCL BK	DURAND, WISCONSIN	Third Quarter of 2017
CITIZENS B&TC	BIG TIMBER, MONTANA	Fourth Quarter of 2017
NORTH AMER BKG CO	ROSEVILLE, MINNESOTA	Fourth Quarter of 2017
PIONEER BK	MAPLETON, MINNESOTA	Fourth Quarter of 2017
WELCOME ST BK	WELCOME, MINNESOTA	Fourth Quarter of 2017

* Subject to the provisions of the Community Reinvestment Act

District: 9 Federal Reserve Bank of: Minneapolis

Filings received during the week ending May 20, 2017

Availability of CRA Public Evaluations

CRA Examinations scheduled for Third Quarter of 2017 (July 1, 2017 - September 30, 2017) and Fourth Quarter of 2017 (October 1, 2017 - December 31, 2017)

District: 9
Federal Reserve Bank of: Minneapolis