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 August 25, 2018

Filer Filing Type Filing Proposal End of Comment Period
AUGUSTA FINANCIAL CORPORATION CIC The following notificants, all of Monona, Wisconsin, each propose to acquire 25 percent or more of Augusta Financial Corporation, Augusta, Wisconsin (?Augusta?), and thereby gain control of Unity bank, Augusta, Wisconsin (?Unity Bank?), and to acquire 25 percent or more of Caprice Corporation, Augusta, Wisconsin (?Caprice?), and thereby gain control of Unity Bank North, Red Lake Falls, MN (?Unity Bank North?): Rachel Goodell; Corinne Solsrud; Gregory Solsrud; and Brian K. Solsrud, individually and as trustee of four trusts. Each notificant is part of the Kahl/Solsrud shareholder group acting in in concert which controls Augusta and Caprice and indirectly controls Unity Bank and Unity Bank North.
Newspaper: Not available
Federal Register: Not available
FARRAR BERESFORD BANCORPORATION INC. IRREVOCABLE TRUST SLHC Activity Farrar Beresford Bancorporation Inc. Irrevocable Trust and Beresford Bancorporation, Inc., both of Britton, South Dakota, to engage in consumer lending activities and to act as an agent or broker for insurance directly related to extensions of credit through a de novo nonbank subsidiary, Lloyd's Plan SD, Inc., Britton, South Dakota, pursuant to sections 238.53(b)(5) and 238.54(a) of Regulation LL. Additionally, Farrar Beresford Bancorporation, Inc. Irrevocable Trust and Beresford Bancorporation, Inc. are filing retroactive notice to engage in general lending activities, including small business and agricultural loans, pursuant to section 238.54(a) of Regulation LL.
Newspaper: Not applicable
Federal Register: 09/14/2018
FISHBACK FINANCIAL CORPORATION CIC Patricia Fishback, Brookings, South Dakota, individually and as trustee of the Robert E. Fishback GRAT A Trust, Brookings, South Dakota, to retain 10% or more of the shares and thereby control of Fishback Financial Corporation, Brookings, South Dakota (FFC BHC) and thereby indirectly retain control of First Bank & Trust, Brookings, South Dakota (FBT Brookings) and First Bank & Trust, Sioux Falls, South Dakota (FBT Sioux Falls). In addition, Mary Beth Fishback, Brookings, South Dakota and eighteen (18) trusts (with Mary Beth Fishback; Robert Fishback, Thomas Fishback, and Van Fishback, all of Brookings, South Dakota; and Ann Rivlin of Madison, Wisconsin each as trustee of one or more of these trusts), for retroactive approval to join the Fishback family shareholder group that controls 25% or more of FFC BHC and thereby indirectly controls FBT Brookings and FBT Sioux Falls.
Newspaper: Not available
Federal Register: 08/27/2018
HERITAGE BANCSHARES GROUP, INC. CIC Change in Control Notice by Heritage Bancshares Group, Inc., Employee Stock Ownership Plan and Trust, Spicer, Minnesota ("ESOP"), and Justin Rey, Sioux Falls, South Dakota, individually and as trustee of ESOP, to acquire additional shares of Heritage Bancshares Group, Inc., Spicer, Minnesota, and thereby indirectly acquire control of Heritage Bank, National Association, Spicer, Minnesota.
Newspaper: 08/04/2018
Federal Register: 08/08/2018
MIDCOUNTRY ACQUISITION CORPORATION * SLHC Formation MidCountry Acquisition Corp., Minneapolis, Minnesota, to become a savings and loan holding company by acquiring 100 percent of MidCountry Bank, Bloomington, Minnesota.
Newspaper: 08/25/2018
Federal Register: 08/28/2018


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 Fourth Quarter of 2018 (October 1, 2018 - December 31, 2018) and First Quarter of 2019 (January 1, 2019 - March 31, 2019)

Institution Location Quarter
FIRST CITIZENS BK OF BUTTE BUTTE, MONTANAFourth Quarter of 2018
NORTH SHORE BK OF COMMERCE DULUTH, MINNESOTAFourth Quarter of 2018
VALLEY BK GLASGOW GLASGOW, MONTANAFourth Quarter of 2018
YELLOWSTONE BK LAUREL, MONTANAFourth Quarter of 2018
FIRST BK BLUE EARTH BLUE EARTH, MINNESOTAFirst Quarter of 2019
FIRST INTRST BK BILLINGS, MONTANAFirst Quarter of 2019
PROFINIUM TRUMAN, MINNESOTAFirst Quarter of 2019
STOCKMENS BK CASCADE, MONTANAFirst Quarter of 2019

* 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