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 April 13, 2019

Filer Filing Type Filing Proposal End of Comment Period
BOSSHARD BANCO, LTD. CIC Change in control notice by Joseph W. Bosshard, Boulder, Colorado, Makenzie B. Bosshard, Minneapolis, Minnesota, Carlista M. Bosshard, Auburn, Alabama, and John Bosshard, Chicago, Illinois, for approval to retain shares of Bosshard Banco, Ltd., La Crosse, Wisconsin (Bosshard Banco) and join the Bosshard Family Group that controls Bosshard Banco. In addition, Andrew R. Bosshard, La Crosse, Wisconsin; to acquire additional shares and retain control of Bosshard Banco. Bosshard Banco controls First National Bank of Bangor, Bangor, Wisconsin, and Intercity State Bank, Schofield, Wisconsin.
Newspaper: Not available
Federal Register: 04/12/2019
FIRST HOLDING COMPANY OF CAVALIER, INC. * 3A3 First Holding Company of Cavalier, Inc., Cavalier North Dakota to acquire 100 percent of the shares of Northern Sky Bank, Crookston, Minnesota.
Newspaper: Not available
Federal Register: 04/29/2019
FIRST NATIONAL BANCORP, INC. CIC Change in Control Notice by Terence Fennessy, Clancy, Montana, individually and as trustee of the First National Bancorp, Inc. Employee Stock Ownership Plan, Missoula, Montana ("ESOP") to retain 10 percent or more of the shares and thereby control of First National Bancorp, Inc., Missoula, Montana ("FNBI"). Additionally, ESOP and its trustees Terence Fennessy, Clancy, Montana; and Noel Kulbeck, Missoula, Montana, as a group acting in concert, to retain 10 percent or more of the shares and thereby control of FNBI. Terence Fennessy (including IRA and control of ESOP shares); Terence Fennessy IRA, Clancy, MT; Geraldine Fennessy, Libby, MT; Tiina Fennessy, Clancy, MT; Tiina Fennessy IRA, Clancy, MT; Thomas Fennessy, Libby, MT; Timothy Fennessy, Spokane, WA; Teresa Kriskovich, Tracey, CA; and Treva Marsden, Mead, WA; as members of the Fennessy family shareholder group acting in concert to retain 10 percent or more of the shares and thereby control of FNBI, which controls First Montana Bank, Inc., Missoula, Montana.
Newspaper: Not available
Federal Register: 04/02/2019
KRAUSE FINANCIAL, INC. CIC Notice by Lana Krause, Winnebago, Minnesota, to gain control of Krause Financial, Inc., Winnebago, Minnesota, and thereby indirectly gain control of First National Bank in Winnebago, Winnebago, Minnesota.
Newspaper: Not available
Federal Register: Not available
REPUBLIC BANCSHARES, INC. CIC Change in Control notice by Paul V. Mellini, Saint Petersburg, Florida, as Personal Representative of the Jeno F. Paulucci Estate, Sanford, Florida, to retain shares of Republic Bancshares, Inc., Duluth, Minnesota, and thereby indirectly retain control of Republic Bank, Inc., Duluth, Minnesota.
Newspaper: Not available
Federal Register: 04/29/2019
WALSH FINANCIAL, INC. * 3A1 Walsh Financial, Inc., Minneapolis, Minnesota, to become a bank holding company by acquiring 100 percent of The First National Bank of Buhl, Mountain, Minnesota.
Newspaper: Not available
Federal Register: 05/13/2019


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 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