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: 9
Federal Reserve Bank of: Minneapolis

Filings received during the week ending March 29, 2008

Filer Filing Type Filing Proposal End of Comment Period
CENTRAL BANCSHARES, INC. CIC Change in Control notice by John M. Morrison Revocable Trust #4, dated January 18, 2000, John M. Morrison Trustee, Naples, Florida, to gain control of Central Bancshares Inc., Golden Valley, Minnesota and thereby indirectly gain control of Central Bank, Stillwater, Minnesota.
Newspaper: Not available
Federal Register: 04/07/2008
FRANDSEN FINANCIAL CORPORATION * 3A5 Frandsen Financial Corporation, Arden Hills, Minnesota, to merge with Anderson Financial Group, Inc., Wayzata, Minnesota and thereby indirectly acquire Northern National Bank, Nisswa, Minnesota.
Newspaper: Not available
Federal Register: 04/17/2008
FRANDSEN FINANCIAL CORPORATION * 3A5 Frandsen Financial Corporation, Arden Hills, Minnesota, to merge with Tower Bancshares, Inc., Cloquet, Minnesota, and thereby indirectly acquire State Bank of Tower, Tower, Minnesota.
Newspaper: Not available
Federal Register: 04/17/2008
NORTHERN STAR FINANCIAL, INC. CIC Notice by Louis B. Olsen, Eagan, Minnesota, to acquire 23% of the shares of Northern Star Financial, Inc., Mankato, Minnesota, and thereby indirectly gain control of Northern Star Bank, Mankato, Minnesota.
Newspaper: Not available
Federal Register: 04/09/2008
SUPERIOR BANCORPORATION, LTD. CIC Notice by Timothy A. Tierney, Madison, Wisconsin,as an individual, and as a group acting in concert with Mark R. Tierney, Superior, Wisconsin, David S. Tierney, Eden Prairie, Minnesota, the Robert V. Tierney Trust, Timothy Tierney as trustee, Madison, Wisconsin, and the Faith M. Tierney Trust, Timothy Tierney as trustee, Madison, Wisconsin, to acquire control of Superior Bancorporation LTD, Superior, Wisconsin, and thereby indirectly acquire control Community Bank Superior, Superior, Wisconsin.
Newspaper: Not available
Federal Register: 04/14/2008


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
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

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Last update: April 03, 2008