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 July 13, 2019

Filer Filing Type Filing Proposal End of Comment Period
BANK FORWARD EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST * 3A3 Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota, to acquire up to 35% of Security State Bank Holding Company, Fargo, North Dakota, and thereby indirectly increase control of Bank Forward, Hannaford, North Dakota.
Newspaper: 07/31/2019
Federal Register: 07/29/2019
BRIDGER COMPANY, THE * 3A3 The Bridger Company, Bridger, Montana to acquire 100 percent of the voting shares of First Security Bank of Malta, Malta, Montana and Valley Bank of Glasgow, Glasgow, Montana.
Newspaper: Not available
Federal Register: 08/02/2019
BROWNS VALLEY BANCSHARES, INC. CIC Change in Control notice by Patricia Readel, West Fargo, North Dakota, and Robert Zabel, Browns Valley, Minnesota, to retain shares of Browns Valley Bancshares, Inc., Browns Valley, Minnesota ("Browns Valley"), and by Wendy Gruby, Browns Valley, Minnesota, Lindsay Zabel, Waconia, Minnesota, Michael Readel, Moorhead, Minnesota, and Amanda Readel, West Fargo, North Dakota, to acquire shares of Browns Valley as part of a group acting in concert with Patricia Readel and Robert Zabel. Browns Valley controls Union State Bank of Browns Valley, Browns Valley, Minnesota.
Newspaper: Not available
Federal Register: Not available
GUARANTY DEVELOPMENT COMPANY CIC Taylor A. Wortman, Bozeman, Montana, to acquire voting control of 25 percent or more of the shares of Guaranty Development Company, Livingston, Montana, and thereby indirectly acquire control of American Bank, Bozeman, Montana.
Newspaper: 07/17/2019
Federal Register: 07/08/2019
PIONEER BANK * 18C
* Branch
Pioneer Bank, Mapleton, Minnesota to merge with The Nicollet County Bank of St. Peter, St. Peter, Minnesota and incident thereto, establish branches.
Newspaper: Not available
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     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