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 January 7, 2012

Filer

Filing Type

Filing Proposal

End of Comment Period

METRO NORTH BANCSHARES, INC.

CIC

Change in Control Notice by the Gladys E. Youse Trust, and its trustee, Madolyn Y. Babcock, both of Minneapolis, Minnesota, to acquire 25% or more of Metro North Bancshares, Inc. and thereby indirectly acquire control of The Bank of Elk River, both of Elk River, Minnesota. Additionally, the Gladys E. Youse Trust, and its trustee, Madolyn Y. Babcock, propose to join the Babcock family shareholder group, which controls 25% or more of Metro North Bancshares, Inc.

Newspaper:	Not available
Federal Register:	01/18/2012

PERHAM STATE BANCSHARES, INC.

* 3A3

Perham State Bancshares, Inc., Perham, Minnesota, to acquire 100 percent of Farmers State Bank of Dent, Dent Minnesota.

Newspaper:	01/30/2012
Federal Register:	02/06/2012

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
BELT VALLEY BK, BELT, MONTANA	223751	08/29/2011	12/13/2011	S	Small Bank
COMMUNITY RESOURCE BK, NORTHFIELD, MINNESOTA	813853	08/01/2011	11/28/2011	S	Small Bank
MERCHANTS ST BK, FREEMAN, SOUTH DAKOTA	289757	08/15/2011	11/28/2011	S	Small Bank

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 9 Federal Reserve Bank of: Minneapolis

Filings received during the week ending January 7, 2012

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 9
Federal Reserve Bank of: Minneapolis