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 September 4, 2021

Filer Filing Type Filing Proposal End of Comment Period
ALFALFA COUNTY BANCSHARES, INC. CIC Bryce S. Flaming Irrevocable Trust, Matthew G. Flaming Irrevocable Trust and Ashley N. Flaming Irrevocable Trust, Gerald R. Chelgren, trustee; Barbara Dean Flaming Trust and Jose Salinas, individually and as trustee; and Randy Scott Flaming Trust, Rebecca Salinas Irrevocable Trust, and Jacob Salinas Irrevocable Trust, Brenda Salinas, trustee; all of Cherokee, Oklahoma; to retain voting shares of Alfalfa County Bancshares, Inc., and indirectly retain voting shares of ACB Bank, both of Cherokee, Oklahoma; and to join the Flaming Family Group, a group acting in concert.
Newspaper: 09/16/2021
Federal Register: Not available
C.S.B. CO. CIC William D. Young, Avon, Colorado, to join the Young Family Control Group, a group acting in concert, and to acquire voting shares of C.S.B. Co., and thereby indirectly acquire voting shares of Homestead Bank, both of Cozad, Nebraska.
Newspaper: Not available
Federal Register: 09/20/2021
CLINTON BANCSHARES, INC. CIC The Berry Leaf Sewell 2021 Revocable Trust, and co-trustees Berry L. Sewell and Adrienne M. Sewell, all of Clinton, Oklahoma, to acquire voting shares of Clinton Bancshares, Inc., and thereby indirectly acquire voting shares of First Bank and Trust Company, both of Clinton, Oklahoma; and to become members of the Sewell Family Control Group, a group acting in concert. Additionally, for the Frank A. Sewell IV 1998 Irrevocable Trust, Frank A. Sewell III and First Bank and Trust Company, co-trustees, all of Clinton, Oklahoma, and Frank A. Sewell IV, Oklahoma City, Oklahoma to retain voting shares and to be approved as members of the Sewell Family Control Group.
Newspaper: Not available
Federal Register: Not available
EMPLOYEE STOCK OWNERSHIP PLAN ACCOUNTS TRUST OF THE SECURITY BANK KSOP & TRUST * 3A1 Employee Stock Ownership Plan Accounts Trust of the Security Bank KSOP & Trust, Laurel, Nebraska, to become a bank holding company through the acquisition of 31.3 percent of the voting shares of First Laurel Security Co., parent of Security Bank, both of Laurel, Nebraska.
Newspaper: 09/10/2021
Federal Register: 09/30/2021
FIRST LAUREL SECURITY CO. CIC Notice submitted by Keith A. Knudsen, Laurel, Nebraska, individually and as voting trustee of the Employee Stock Ownership Plan Accounts Trust of the Security Bank KSOP & Trust, of Laurel, Nebraska, to acquire shares and thereby control of First Laurel Security Co., parent of Security Bank, both in Laurel, Nebraska.
Newspaper: Not available
Federal Register: 09/20/2021
GREY MOUNTAIN HOLDINGS, INC. * 3A1 Grey Mountain Holdings, Inc., Fulton, Missouri, to become a bank holding company, and its wholly owned subsidiary, GM Acquisition Sub, Inc., Fulton, Missouri, to become a bank holding company, through the acquisition of 100 percent of the voting shares of IFB Holdings, Inc., and thereby indirectly acquire voting shares of Investors Community Bank, both of Chillicothe, Missouri.
Newspaper: 09/27/2021
Federal Register: 10/04/2021
MOUNTAIN VALLEY BANK * 18C
* Branch
Mountain Valley Bank, Walden, Colorado, to merge with Cache Bank & Trust, Greeley, Colorado, and incident thereto, to establish branches at 4601 W. 20th Street, Greeley, Colorado, and 4645 Ziegler Road, Fort Collins, Colorado.
Newspaper: Not available
Federal Register: Not applicable
TRI VALLEY BANCSHARES, INC. * 3A3 Tri Valley Bancshares, Inc., Talmage, Nebraska; to acquire First State Bank, Scottsbluff, Nebraska.
Newspaper: 09/02/2021
Federal Register: 09/02/2021


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
FIRST ST BK NE, LINCOLN, NEBRASKA 499453 05/24/2021 08/30/2021 S Int Small Bank


CRA Examinations scheduled for     Quarter of

Institution Location Quarter
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