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 May 17, 2014

Filer Filing Type Filing Proposal End of Comment Period
COMMERCIAL HOLDING COMPANY CIC Notice by Ericka Lynn Kotab and David William Kotab, both of Wagner, South Dakota, to acquire shares of Commercial Holding Company, Wagner, South Dakota, and join the Frei Family Shareholder group which owns 25 percent or more of Commercial Holding Company, Wagner, South Dakota, and thereby indirectly controls Commercial State Bank of Wagner, Wagner, South Dakota.
Newspaper: Not available
Federal Register: 05/29/2014
HERITAGE BANCSHARES GROUP, INC. CIC John Van Dyke III, Menlo Park, CA, as co-trustee with Mary Van Dyke, San Mateo, CA, of the John & Mary Van Dyke Family Trust dated December 22, 1998, San Mateo, CA (Van Dyke Trust), and as co-trustee with Alison Van Dyke, Menlo Park, CA, of the John & Alison Van Dyke Family Trust, executed under declaration of trust dated May 10, 2001, Menlo Park, CA, to individually retain control of 10 percent or more of the voting shares of Heritage Bancshares Group, Inc., Willmar, MN (Heritage), and thereby indirectly retain control of Heritage Bank, N.A., Spicer, MN. In addition, the Van Dyke Trust; Virginia Geiger, Bloomington, MN; Owen Geiger, Willmar, MN; and Pearl Geiger, Minneapolis, MN; to retain shares of Heritage, as part of the Geiger family shareholder group acting in concert, which owns more than 25% of Heritage.
Newspaper: Not available
Federal Register: Not available
MCINTOSH COUNTY BANK HOLDING COMPANY, INC. CIC Post notice by Robert F. Wishek, Ashley, North Dakota, as co-trustee of the McIntosh County Bank Holding Company, Inc., 2012 Voting Trust Agreement, Ashley, North Dakota, to retain 25% or more of the shares of McIntosh County Bank Holding Company, Inc., Ashley, North Dakota, and thereby retain control of McIntosh County Bank, Ashley, North Dakota, and North Star Holding Company, Inc., Jamestown, North Dakota, which controls Unison Bank, Jamestown, North Dakota.
Newspaper: 05/28/2014
Federal Register: 05/27/2014
PARKSTON INVESTMENT COMPANY CIC Retroactive change in control notice by Scott David Bormann, Parkston, South Dakota, Douglas Lee Bormann, Parkston, South Dakota, and Shirley Jean Altenhofen, Harper, Iowa, individually and as trustees of the Bormann Family Trust, Parkston, South Dakota, to retain control of 25% or more of the shares of Parkston Investment Company, Parkston, South Dakota, and thereby indirectly retain control of Farmers State Bank, Parkston, South Dakota. In addition, the Bormann Family Trust, James D. Bormann, Parkston, South Dakota, Angela Marie Bormann, Sioux Falls, South Dakota, and Michael Aaron Bormann, Parkston, South Dakota, are filing retroactively to retain shares of Parkston Investment Company, Parkston, South Dakota, and thereby join the Bormann family shareholder group that controls 25% or more of Parkston Investment Company, Parkston, South Dakota.
Newspaper: Not available
Federal Register: 06/02/2014
YELLOWSTONE BANK, THE * 18C
* Branch
The Yellowstone Bank, Laurel, Montana to purchase certain assets and assume certain liabilities of the Sidney, Montana office of 1st Bank, Sidney, Montana, and incident thereto proposes to establish a branch at 120 2nd Street NW, Sidney, Montana.
Newspaper: Not available
Federal Register: Not applicable


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
PROFINIUM, TRUMAN, MINNESOTA 865450 01/13/2014 05/09/2014 O Int Sm Bank


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