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 23, 2016

Filer Filing Type Filing Proposal End of Comment Period
COMMERCIAL BANK OF MOTT EMPLOYEE STOCK OWNERSHIP PLAN CIC Dean M. Wehri, Mott, North Dakota, as a trustee/administrator of the Commercial Bank of Mott Employee Stock Ownership Plan and Trust, to acquire control of Commercial Bank of Mott Employee Stock Ownership Plan and Trust, Mott, North Dakota, and thereby indirectly gain control of Commercial Bank of Mott, Mott, North Dakota.
Newspaper: 05/04/2016
Federal Register: 05/05/2016
FIRST NATIONAL BANK OF BEMIDJI ESOP AND TRUST * 3A3 Retroactive notice by The First National Bank of Bemidji ESOP & Trust, Bemidji, Minnesota, to increase its voting ownership of First Bemidji Holding Company, Bemidji, Minnesota, to 36.63 percent, and thereby increase its ownership of The First National Bank of Bemidji, Bemidji, Minnesota.
Newspaper: Not available
Federal Register: Not available
FORSTROM BANCORPORATION, INC. CIC The Philip Ray Forstrom 2012 Irrevocable Trust [SLAT-1] under agreement dated December 6, 2012, Henderson, Nevada; Marsha Ann Forstrom, Henderson, Nevada, as co-trustee and individually, and Perry Forstrom, Henderson, Nevada, co-trustee; and the Marsha Ann Forstrom 2012 Irrevocable Trust [SLAT-1] under agreement dated December 26, 2012, Henderson, Nevada, Philip R. Forstrom, Henderson, Nevada, and John Forstrom, Independence, Minnesota, co-trustees, to retain voting shares of Forstrom Bancorporation, Inc., Clara City, Minnesota, and thereby join the Forstrom family shareholder group, which controls 100% of Forstrom Bancorporation, Inc. and thereby indirectly controls Citizens Alliance Bank, Clara City, Minnesota, and First Bank of Lincoln, Lincoln, Montana.
Newspaper: Not available
Federal Register: 04/28/2016
FS BANCO, INC. 4c8 FS Banco, Inc., Malta, Montana, to engage, de novo, in lending activities, specifically, purchasing over lines and loan participations.
Newspaper: Not applicable
Federal Register: Not applicable
GUARANTY DEVELOPMENT COMPANY CIC Tyler B. Erickson, Bozeman, Montana, the Personal Representative of the Estate of Bruce A. Erickson, to retain voting control of 25 percent or more of the shares of Guaranty Development Company, Livingston, Montana, and thereby indirectly retain control of American Bank, Bozeman, Montana.
Newspaper: 05/11/2016
Federal Register: 05/09/2016
PEMBINA COUNTY BANKSHARES, LTD. CIC Douglas M. Taylor Bemidji, Minnesota, individually and as trustee of Citizens State Bank Midwest 401(k) Profit Sharing Plan, Cavalier, North Dakota, and as part of a group acting in concert with the Profit Sharing Plan, Nancy R. Helling, Saint Cloud, Minnesota, and Ramona D. Taylor Vosper, Neche, North Dakota, to acquire 10 percent or more of the shares of Pembina County Bankshares, Ltd., Cavalier, North Dakota, and thereby gain control of Citizens State Bank - Midwest, Cavalier, North Dakota.
Newspaper: Not available
Federal Register: 05/02/2016
PEOPLES BANK MIDWEST * Branch Peoples Bank Midwest, Hayward, Wisconsin, to establish a branch facility to be located at 3585 Highway 61, Vadnais Heights, Minnesota.
Newspaper: Not available
Federal Register: Not applicable
UNITED BANKERS' BANCORPORATION, INC 4c8
* 3A5
* 18C
* Branch
United Bankers' Bancorporation, Inc., Bloomington, Minnesota, to merge with Bankers Bancshares, Inc., Worthington, Ohio, and thereby indirectly acquire, Great Lakes Bankers Bank, Worthington, Ohio. In addition, United Bankers' Bank, Bloomington, Minnesota, intends to merge with Great Lake Bankers Bank, Worthington, Ohio, and United Bankers' Bancorporation, Inc., Bloomington, Minnesota, to acquire 100 percent of Great Lakes Banc Consulting, Inc., Worthington, Ohio, and thereby engage, in permissible non-banking activities.
Newspaper: Not available
Federal Register: 05/02/2016


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
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