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 June 16, 2018

Filer Filing Type Filing Proposal End of Comment Period
DAKOTA COMMUNITY BANSHARES, INC. CIC The JTP Irrevocable Trust, the CLP Irrevocable Trust, the JDP Irrevocable Trust, and the SRM Irrevocable Trust, all of Baldwin, North Dakota (collectively, the "Pahlke Trusts"), and Jay T. Pahlke, Baldwin, North Dakota, individually and as Trustee of the Pahlke Trusts; for retroactive approval to join the Pahlke family shareholder group that controls 25% or more of Dakota Community Banshares, Inc., Hebron, North Dakota ("DCBI BHC") and thereby indirectly controls Dakota Community Bank & Trust, NA, Hebron, North Dakota ("DCBT Bank"). In addition, the Amber D. Staiger Irrevocable Trust, Hebron, North Dakota and the Ward L. Sayler Irrevocable Trust, Mandan, North Dakota (collectively, the "Sayler Trusts"), and Amber D. Staiger, Hebron, North Dakota, individually and as Trustee of the Sayler Trusts; Dale Sayler, Hebron, North Dakota; Justin D. Sayler, Dickinson, North Dakota; and KerryAnn Thompson, Bismarck, North Dakota; for retroactive approval to join the Sayler family shareholder that controls 25% or more of DCBI BHC and thereby indirectly controls DCBT Bank.
Newspaper: Not available
Federal Register: 06/20/2018
FIRST BANCSHARES, INC., OF COLD SPRING CIC Notice by John H. Dammermann, Fort Myers, Florida, to acquire control of First BancShares, Inc. of Cold Spring, Cold Spring, Minnesota, and thereby indirectly acquire control of Granite Community Bank, Cold Spring, Minnesota.
Newspaper: Not available
Federal Register: 07/06/2018
FSB HOLDING COMPANY, INC. CIC Change in Control Notice by Greta Christianson, Bloomington, Minnesota and Ingrid Langseth, Worthington, Minnesota, individually, and as the members of the Christianson/Langseth group acting in concert to retain control of FSB Holding Company, Inc., Trimont, Minnesota (FSB), and thereby indirectly control Farmers State Bank of Trimont, Trimont, Minnesota (Trimont Bank). In addition, Beverly Anthony, Trimont, Minnesota to retain shares of FSB, as a member of the Anthony family shareholder control group acting in concert, and thereby indirectly control Trimont Bank.
Newspaper: Not available
Federal Register: Not available


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
FIRST ST BK SOUTHWEST, PIPESTONE, MINNESOTA 823656 02/20/2018 06/10/2018 O Small Bank


CRA Examinations scheduled for     Quarter of

Institution Location Quarter
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