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 December 19, 2020

Filer

Filing Type

Filing Proposal

End of Comment Period

MARINE BANCSHARES, INC.

CIC

Change in Control by Angela K. Rassas, Potomac Falls, VA; Dianne K. Johnson Trust, trustee Dianne K. Johnson, both of Forest Lake, MN; Dianne K. Johnson, as a trustee of the Dianne K. Johnson Trust, and as a trustee of the Mignon L. Johnson Trust, Forest Lake, MN; Edsel F. Johnson Disclaimer Trust, trustee Scott C. Johnson, both of Stillwater, MN; Jill E. King, Arden Hills, MN; Mackenzie L. Farrill, Hudson, WI; and Scott C. Johnson, through direct ownership of shares and as trustee of the Edsel F. Johnson Disclaimer Trust to retain shares and thereby join the Johnson Family shareholder group acting in concert, which owns 25 percent or more of the shares and thereby control of Marine Bancshares, Inc., Marine on St. Croix, MN. Marine Bancshares, Inc. controls Security State Bank of Marine, Marine on St. Croix, MN.

Newspaper:	Not available
Federal Register:	Not available

MSB BANKSHARES, INC.

CIC

MoCorp, Inc., Iron River, Michigan, to retain voting shares of MSB Bankshares, Inc., and thereby indirectly retain voting shares of The Miners State Bank, both of Iron River, Michigan.

Newspaper:	Not available
Federal Register:	12/21/2020

NAPOLEON BANCORPORATION, INC.

CIC

Change in control notice by Steven and Laurel Klefstad, Forman, North Dakota, to retain voting shares of Napoleon Bancorporation, Inc., Napoleon, North Dakota, which owns Stock Growers Bank, Forman, North Dakota, and thereby join the McLaen family shareholder group, a group acting in concert, which owns 25% or more of the voting shares of Napoleon Bancorporation, Inc.

Newspaper:	Not available
Federal Register:	01/06/2021

VALLEY PREMIER BANK EMPLOYEE STOCK OWNERSHIP PLAN & TRUST

CIC

Teresa L. Kuhn, Dilworth, Minnesota; to acquire control of voting shares of Bankshares of Hawley, Inc. (Bankshares), by becoming a trustee of Valley Premier Bank Employee Stock Ownership Plan and Trust, which owns Bankshares and thereby indirectly owns Valley Premier Bank, all of Hawley, Minnesota.

Newspaper:	Not available
Federal Register:	12/24/2020

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	Quarter
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 9 Federal Reserve Bank of: Minneapolis

Filings received during the week ending December 19, 2020

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 9
Federal Reserve Bank of: Minneapolis