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 November 24, 2018

Filer Filing Type Filing Proposal End of Comment Period
AMERIPRISE FINANCIAL, INC. * SLHC Formation Ameriprise Financial Inc., Minneapolis, Minnesota to become a savings and loan holding company as a result of the proposed conversion of its subsidiary, Ameriprise National Trust Bank, Minneapolis, Minnesota, into a full-service federal savings bank to be named Ameriprise Bank, FSB.
Newspaper: 12/12/2018
Federal Register: 12/14/2018
OPPORTUNITY BANK OF MONTANA * 18C
* Branch
Opportunity Bank of Montana, Helena, Montana, to merge with State Bank of Townsend, Townsend, Montana, and incident thereto, establish branches.
Newspaper: 11/22/2018
Federal Register: Not applicable
ORVET, INC. * 3A1 Orvet, Inc. Minneapolis, Minnesota and Silver Springs Financial Corp, Minneapolis, Minnesota to acquire Lake Country Community Bank, Morristown, Minnesota.
Newspaper: Not available
Federal Register: 11/26/2018
UNITED BANKERS' BANCORPORATION, INC 4c8 United Bankers' Bancorporation, Inc., Bloomington, Minnesota ("UBBI"), to indirectly acquire an interest in ExCheQ, LLC, Roseville, Minnesota, through United Bankers' Bank, Bloomington, Minnesota, UBBI's wholly-owned subsidiary bank.
Newspaper: Not applicable
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
NONE


CRA Examinations scheduled for First Quarter of 2019 (January 1, 2019 - March 31, 2019) and Second Quarter of 2019 (April 1, 2019 - June 30, 2019)

Institution Location Quarter
FIRST BK BLUE EARTH BLUE EARTH, MINNESOTAFirst Quarter of 2019
FIRST INTRST BK BILLINGS, MONTANAFirst Quarter of 2019
PROFINIUM TRUMAN, MINNESOTAFirst Quarter of 2019
FIRST PREMIER BK SIOUX FALLS, SOUTH DAKOTASecond Quarter of 2019
PEOPLES ST BK OF PLAINVIEW PLAINVIEW, MINNESOTASecond Quarter of 2019
ROOT RIVER ST BK CHATFIELD, MINNESOTASecond Quarter of 2019
STOCKMENS BK CASCADE, MONTANASecond Quarter of 2019

* 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