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: 10
Federal Reserve Bank of: Kansas City

Filings received during the week ending January 14, 2017

Filer Filing Type Filing Proposal End of Comment Period
BANK MANAGEMENT, INC. CIC Dennis Schardt, Kearney, Nebraska; Brian Schardt, Grand Island, Nebraska; and Christina Nokelby, Marquette, Nebraska; to acquire control of Bank Management, Inc., parent of First Bank of Nebraska, both of Wahoo, Nebraska, through the acquisition of voting shares. In addition, Christina Nokelby Trust No. 2, Kimberly Schardt Porter Trust No. 2, Rebecca Rathjen Trust No. 2, Brian Schardt Trust No. 2, Brian Schardt, Kimberly Schardt Porter, Rebecca Rathjen, Grand Island, Nebraska, and Chrstina Nokelby, Marquette, Nebraska, individually, and as trustees of the trusts listed, and Dennis Schardt, Kearney, Nebraska, for approval as members of the Schardt Family Group acting in concert, and thereby control of Bank Management, Inc.
Newspaper: 01/25/2017
Federal Register: 02/01/2017
FARMERS STATE BANCSHARES, INC. * 3A5 Farmers State Bancshares, Inc., Dodge, Nebraska, to merge with Farmers State Bancshares II, Inc., Spencer, Nebraska, parent of Farmers State Bank, Spencer, Nebraska.
Newspaper: 01/21/2017
Federal Register: 01/23/2017
FIRST STATE FINANCIAL CORPORATION CIC Douglas Briggs, Olathe, Kansas, to retain control of First State Financial Corporation, Overland Park, Kansas, and for approval as a member of the Peters Family Group. In addition, Leigh Briggs, Olathe, Kansas; Christina Peters, Steamboat Springs, Colorado; and Jodi Peters Lightfoot, Steamboat Springs, Colorado, to retain shares of First State Financial Corporation and for approval as members of the Peters Family Group. First State Financial Corporation controls The First State Bank and Trust Company of Larned, Kansas.
Newspaper: Not available
Federal Register: Not available
GRACE INVESTMENT COMPANY, INC. CIC The Bryant James Gingrich 2012 Irrevocable Trust, the Bryant James Gingrich 2016 Irrevocable Trust, and Bryant James Gingrich, acting in his capacity as trustee of both such trusts, all three of Alva, Oklahoma, the Chad Wisdom McManus 2012 Irrevocable Trust, the Chad Wisdom McManus 2016 Irrevocable Trust, and Chad Wisdom McManus, acting in his capacity as trustee of both such trusts, all three of Enid, Oklahoma, and the Kelsey Grace Gingrich 2012 Irrevocable Trust, the Kelsey Grace Hunter 2016 Irrevocable Trust, and Kelsey Grace Hunter, n�e Gingrich, acting in her capacity as trustee of both such trusts, all three of Edmond, Oklahoma; to acquire shares of Grace Investment Company, Inc., Alva Oklahoma, and for approval as members of the Peggy J. Wisdom Family Control Group. Grace Investments Company, Inc. is the parent company of Alva State Bank and Trust, Alva, Oklahoma; First National Bank in Okeene, Okeene, Oklahoma; and The First State Bank, Kiowa, Kansas.
Newspaper: 01/25/2017
Federal Register: 01/18/2017
STATE EXCHANGE BANCSHARES, INC. CIC Clay Muegge and Chad Muegge, both of Lamont, Oklahoma, to retain shares of State Exchange Bancshares, Inc., Lamont, Oklahoma, and for approval as members of the Muegge Family Group that controls State Exchange Bancshares, Inc., parent of State Exchange Bank, both of Lamont.
Newspaper: 01/24/2017
Federal Register: 01/24/2017
WOODSTOCK LAND AND CATTLE COMPANY CIC James R. Barta, Fremont, Nebraska, to acquire control of Woodstock Land and Cattle Company, parent of Fullerton National Bank, both of Fullerton, Nebraska, through the acquisition of voting shares. In addition, Jack Barta, Fremont, Nebraska, and Walter Hoff, Atlanta, Georgia, to acquire shares of Woodstock Land and Cattle Company, and for approval as members of the Barta/Hoff Control Group.
Newspaper: Not available
Federal Register: 01/30/2017


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
BUFFALO FED BK, BUFFALO, WYOMING 108072 10/03/2016 01/03/2017 S Small Bank
FIRST B&TC, CLINTON, OKLAHOMA 157856 10/04/2016 01/05/2017 S Small Bank
HERITAGE BK, TOPEKA, KANSAS 3120897 10/03/2016 01/04/2017 S Small Bank
MY BK, BELEN, NEW MEXICO 1972298 10/19/2015 12/20/2016 S Small Bank
ROCKY MNT BK, JACKSON, WYOMING 24453 09/26/2016 01/03/2017 S Small Bank
SUNDANCE ST BK, SUNDANCE, WYOMING 94755 09/19/2016 12/20/2016 S Small Bank


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