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 July 14, 2007

Filer

Filing Type

Filing Proposal

End of Comment Period

JOHN T. VUCUREVICH FOUNDATION

* 3A1

John T. Vucurevich Foundation, Rapid City, South Dakota, to become a bank holding company by acquiring control of 84.48% of the Class B common stock and 11.85% of the Class A common stock of United Bancorporation, Osseo, Wisconsin, and thereby indirectly acquire United Bank, Osseo, Wisconsin; Cambridge State Bank, Cambridge, Wisconsin; Lincoln County Bank, Merrill, Wisconsin; Bank of Poynette, Poynette, Wisconsin; Clark County State Bank, Osceola, Iowa; Farmers State Bank, Stickney, South Dakota; and Farmers & Merchants State Bank, Iroquois, South Dakota.

Newspaper:	Not available
Federal Register:	08/06/2007

MERCHANTS FINANCIAL GROUP, INC.

* 3A5

Merchants Financial Group, Inc., Winona, Minnesota, to acquire 100 percent of Jerema, Inc., Cannon Falls, Minnesota, and thereby indirectly acquire The First National Bank in Cannon Falls, Cannon Falls, Minnesota.

Newspaper:	07/16/2007
Federal Register:	07/09/2007

TAUNTON BANCSHARES, INC.

* 3A1

Taunton Bancshares, Inc., Taunton, Minnesota, to become a bank holding company by acquiring at least 98% of the State Bank of Taunton, Taunton, Minnesota.

Newspaper:	08/05/2007
Federal Register:	08/09/2007

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
LAKE COUNTY BK, SAINT IGNATIUS, MONTANA	687250	03/20/2007	07/02/2007	S	Small Bank

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

District: 9 Federal Reserve Bank of: Minneapolis

Filings received during the week ending July 14, 2007

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 9
Federal Reserve Bank of: Minneapolis