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 October 3, 2015

Filer

Filing Type

Filing Proposal

End of Comment Period

BANCOMMUNITY SERVICE CORPORATION

CIC

Lee H. Pell, Saint Peter, Minnesota, individually and as co-trustee of the William C. Pell Testamentary Trust, Saint Peter, Minnesota, ("William Pell Trust"), to retain 10 percent or more of the shares of BanCommunity Service Corporation, Saint Peter, Minnesota. In addition, William Pell Trust, its other co-trustees Shari L. Brostrom, Kasota, Minnesota, and W. Benjamin Pell,Saint Peter, Minnesota, James Brostrom, Kasota, Minnesota, Matthew Brostrom, Saint Peter, Minnesota, Pell, Inc., Saint Peter, Minnesota, Brittany A. Pell, Saint Peter, Minnesota, Joanna L. Pell, Saint Peter, Minnesota; Kristina L. Pell, Minneapolis, Minnesota, the Sandra S. Pell Irrevocable Trust, Saint Peter, Minnesota, its trustee Paul H. Tanis, Jr., Saint Peter, Minnesota, Linda M. Pell, Saint Peter, Minnesota, Lola Grace Pell, Saint Peter, Minnesota, Samantha T. Pell, Saint Peter, Minnesota, Sandra S. Pell, Saint Peter, Minnesota, and Thomas C. Pell, Saint Peter, Minnesota, as a group acting in concert, to retain 10 percent or more of the shares and BanCommunity Service Corporation, Saint Peter Minnesota, and thereby retain control of First National Bank Minnesota, Saint Peter, Minnesota.

Newspaper:	Not available
Federal Register:	10/07/2015

FIRST DAKOTA FINANCIAL CORPORATION

* 3A3

First Dakota Financial Corporation, Yankton, South Dakota, to acquire 100 percent of Dakota State Bank, Blunt, South Dakota.

Newspaper:	10/18/2015
Federal Register:	10/19/2015

GOOSE RIVER HOLDING COMPANY

CIC

Change in Control notice by James L. Williams III, Casselton, North Dakota, to acquire 25 percent or more of the shares of Goose River Holding Company, Mayville, North Dakota, and thereby indirectly gain control of The Goose River Bank, Mayville, North Dakota.

Newspaper:	Not available
Federal Register:	10/19/2015

LIBERTY FINANCIAL SERVICES OF ST. CLOUD, INC.

Member
* 3A1

Liberty Financial Services of Saint Cloud, Saint Cloud, Minnesota, to become a bank holding company by converting its wholly-owned subsidiary, Liberty Savings Bank, Saint Cloud, Minnesota, from a federal savings bank to a Minnesota state-chartered bank to be known as Liberty Bank Minnesota. In addition, Liberty Financial Services of Saint Cloud, Saint Cloud, Minnesota elects to be a financial holding company. Also, Liberty Savings Bank, FSB, Saint Cloud, Minnesota, to be known as Liberty Bank Minnesota, seeks to become a member of the Federal Reserve System.

Newspaper:	Not available
Federal Register:	Not available

OTTO BREMER FOUNDATION

4c8

Otto Bremer Foundation, and Bremer Financial Corporation, both of Saint Paul, Minnesota, through Bremer Insurance Agencies, Inc., a Minnesota Corporation wholly-owned by Bremer Financial Corporation to acquire the insurance agency business of Nonprofit Insurance Advisors, Saint Paul, Minnesota.

Newspaper:	Not applicable
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
AMERICAN ST BK OF GRYGLA, GRYGLA, MINNESOTA	21359	06/15/2015	09/15/2015	S	Small Bank

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 9 Federal Reserve Bank of: Minneapolis

Filings received during the week ending October 3, 2015

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 9
Federal Reserve Bank of: Minneapolis