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 April 15, 2017

Filer

Filing Type

Filing Proposal

End of Comment Period

ALERUS FINANCIAL CORPORATION

CIC

Notice by Alerus Financial Employee Stock Ownership Plan, Grand Forks, North Dakota to increase its ownership to 10% or more of Alerus Financial Corporation, Grand Forks, North Dakota, and indirectly Alerus Financial, National Association, Grand Forks, North Dakota.

Newspaper:	04/21/2017
Federal Register:	03/20/2017

FRANKSON INVESTMENT CORPORATION

CIC

Change in Control Notice by James Richard Sankovitz, Chaska, Minnesota, individually and as trustee of the Irrevocable Trust Agreement for the Benefit of Katherine M. Buland ("Buland Trust") to acquire 10 percent or more of the shares of Frankson Investment Corporation, Waseca, Minnesota ("Frankson"), and thereby indirectly gain control of The First National Bank of Waseca, Waseca, Minnesota ("Bank"). In addition the Buland Trust (trustees James Sankovitz, Thomas Sankovitz, and Ann Gaytko), Waseca, Minnesota, and Bernard Gaytko, Waseca, Minnesota, to acquire/retain shares of Frankson and thereby join the Sankovitz family shareholder group, which controls Frankson and thus indirectly controls Bank.

Newspaper:	Not available
Federal Register:	Not available

OPPORTUNITY BANK OF MONTANA

* Branch

Opportunity Bank of Montana, Helena, Montana, to establish a branch facility to be located at 120 First Avenue North, Great Falls, Montana.

Newspaper:	Not available
Federal Register:	Not applicable

WILCOX BANCSHARES, INC.

CIC

Nicholas Steven Wilcox, Wayzata, Minnesota, to acquire voting shares of Wilcox Bancshares, Inc., Grand Rapids, Minnesota, and join the Wilcox family shareholder group, which controls 25% or more of Wilcox Bancshares, Inc., and thereby indirectly controls Grand Rapids State Bank, Grand Rapids, Minnesota, and Minnesota Lakes Bank, Delano, Minnesota.

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
CITIZENS B&TC, BIG TIMBER, MONTANA	657758	09/12/2005	04/04/2017	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 April 15, 2017

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 9
Federal Reserve Bank of: Minneapolis