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, 2006

Filer

Filing Type

Filing Proposal

End of Comment Period

COMMUNITY BANK GROUP, INC.

CIC

John S. Braun Revocable Trust, John Stephen Braun and Priscilla White Braun, Trustees, Deephaven, Minnesota; Priscilla W. Braun Revocable Trust, Priscilla White Braun and John Stephen Braun, Trustees, Deephaven, Minnesota; Stephen John Braun, Minnetonka, Minnesota; Philip McAllister Braun, Richardson, Texas; and Elizabeth Braun Fransen, Wayzata, Minnesota, as a group acting in concert; and Dean Alvin Holasek, Eden Prairie, Minnesota, as an individual, to gain control of Community Bank Group, Inc., Eden Prairie, Minnesota, and thereby indirectly gain control of Community Bank Minnesota Valley, Wayzata, Minnesota; and Community Bank Winsted, Winsted, Minnesota.

Newspaper:	Not available
Federal Register:	06/02/2006

GLACIER BANCORP, INC.

* 3A1
* 3A3

Glacier Bancorp, Inc., Kalispell, Montana, to acquire 100 percent of Citizens Development Company, Billings, Montana.

Newspaper:	Not available
Federal Register:	06/19/2006

Minnesota Bancshares, Inc.

4c8
* 3A1

Minnesota Bancshares, Inc., Minneapolis, Minnesota, to become a bank holding company by acquiring 100% of Heron Lake State Bank, Heron Lake, Minnesota. Applicant also proposes to acquire 100% of Heron Lake Agency, Inc., Heron Lake, Minnesota, and thereby engage in insurance agency activities in a town with a population not exceeding 5000.

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
NONE

CRA Examinations scheduled for Third Quarter of 2006 (July 1, 2006 - September 30, 2006)

Institution	Location
1ST BK	SIDNEY, MONTANA
BIG SKY WESTERN BK	BOZEMAN, MONTANA
CITIZENS ST BK OF ARLINGTON	ARLINGTON, SOUTH DAKOTA
COMMUNITY BK	AUSTIN, MINNESOTA
FARMERS ST BK OF DENTON	DENTON, MONTANA
FIRST WESTERN B&TC	MINOT, NORTH DAKOTA
GLACIER BK	KALISPELL, MONTANA
GRAND RAPIDS ST BK	GRAND RAPIDS, MINNESOTA
PENINSULA BK OF ISHPEMING	ISHPEMING, MICHIGAN
PEOPLES ST BK OF PLAINVIEW	PLAINVIEW, MINNESOTA
STATE BK OF LA CROSSE	LA CROSSE, WISCONSIN
SUPERIOR BK	SUPERIOR, WISCONSIN
VALLEY BK GLASGOW	GLASGOW, MONTANA
WESTERN SCTY BK	BILLINGS, MONTANA

District: 9 Federal Reserve Bank of: Minneapolis

Filings received during the week ending May 20, 2006

Availability of CRA Public Evaluations

CRA Examinations scheduled for Third Quarter of 2006 (July 1, 2006 - September 30, 2006)

District: 9
Federal Reserve Bank of: Minneapolis