Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received

District 9: Federal Reserve Bank of Minneapolis PDF

Filings received during the week ending October 22, 2022

FilerFiling TypeFiling ProposalEnd of Comment Period
NewspaperFederal Register
BALDWIN BANCSHARES, INC.Change in Bank ControlDane L. Rasmussen, as trustee of The Debra L. Rasmussen Irrevocable Trust and the Dane L. Rasmussen Survivor's Trust, a member of the Rasmussen Family Shareholder Group, a group acting in concert, to retain voting shares of Baldwin Bancshares, Inc. ("Company"), and thereby indirectly retain voting shares of The First Bank of Baldwin ("Bank"). Additionally, the Dane L. Rasmussen Survivor's Trust to retain voting shares of Company and to join the Rasmussen Family Shareholder Group that controls Company and thereby indirectly controls Bank, all of Baldwin, Wisconsin.10/25/202211/04/2022
CAPITOL BANCORPORATION, INC.Change in Bank ControlThe Frank L. Farrar Dynasty Trust II, the Frank L. Farrar and Patricia J. Farrar 2022 Irrevocable Trust, Robert Farrar, as trustee of the trusts and individually, all of Britton, South Dakota; Anne M. Farrar, St. Paul, Minnesota; and Samuel Farrar Orfield, Minneapolis, Minnesota, to acquire voting shares of Capitol Bancorporation, Inc., Britton, South Dakota, and thereby indirectly acquire First National Bank, Ft. Pierre, South Dakota, as part of a group acting in concert that includes Sally A. Farrar, Arkansaw, Wisconsin; Jeanne Farrar Orfield, Minneapolis, Minnesota; Mary S. Farrar Turner, Pierre, South Dakota; Arthur Turner, Lauderdale, Minnesota; Frank Turner, Hettinger, North Dakota; and Reid Turner, Iowa City, Iowa.Not available11/04/2022
FULDA BANCORPORATION INC.Change in Bank ControlThe Frank L. Farrar Dynasty Trust II, the Frank L. Farrar and Patricia J. Farrar 2022 Irrevocable Trust, and Robert Farrar, as trustee of the trusts and individually, all of Britton, South Dakota, to acquire voting shares of Fulda Bancorporation, Inc., Britton, South Dakota, and thereby indirectly acquire First National Bank, Oldham, South Dakota.Not available11/04/2022
RIVER FALLS BANCSHARES, INC.Change in Bank ControlEunice M. Moody Trust, Robert H. Moody and Michael Moody as co-trustees, and individually; Elizabeth Moody; and Patricia Moody; to become the Moody Family Shareholder Group, a group acting in concert, to retain voting shares of River Falls Bancshares, Inc., and thereby indirectly retain voting shares of River Falls State Bank, all of River Falls, WI.Not availableNot available
RIVER FALLS BANCSHARES, INC.Change in Bank ControlDaniel Davison, Star Prairie, WI; Lauren Howard, Duluth, MN; Patrick Davison, Boise, ID; Steven Davison, Rhonda Davison, and Jacquelyn Sahnow, all of River Falls, WI; to become the Davison Family Shareholder Group, a group acting in concert, to retain voting shares of River Falls Bancshares, Inc., and thereby indirectly retain voting shares of River Falls State Bank, both of River Falls, WI.Not availableNot available

* Subject to the provisions of the Community Reinvestment Act

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 / LocationRSSD IDExam DateCRA Public DateCRA RatingExam Method
CHARTER BK, EAU CLAIRE, WISCONSIN16065009/12/202204/11/2022SInt Small Bank
NORTH AMER BKG CO, ROSEVILLE, MINNESOTA263184611/15/202106/07/2021SInt Small Bank
CRA Examinations scheduled for    Quarter of
InstitutionLocationQuarter
NONE
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Last Update: October 27, 2022