Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending Saturday, January 6, 2007

Type Application Ending date of
comment period

* 3A3

First National Financial Services, Inc., Elk River, Minnesota, to acquire 100 percent of Maple Lake Bancorporation, Edina, Minnesota, and thereby indirectly acquire Security State Bank of Maple Lake, Maple Lake, Minnesota.

Newspaper – 01/08/2007

Fed Reg – 01/08/2007

* 3A3 First Sleepy Eye Bancorporation, Inc., Sioux Falls, South Dakota, to acquire 100 percent of Lake Benton Bancorporation, Inc., Sioux Falls, South Dakota, and thereby indirectly acquire First Security Bank-Lake Benton, Lake Benton, Minnesota.

Newspaper – 01/13/2007

Fed Reg – 01/16/2007

CIC Notice by Harley Allen Hanson, Mahnomen, Minnesota, to gain control of Mahnomen Bancshares, Inc., Mahnomen, Minnesota, and thereby indirectly gain control of First National Bank in Mahnomen, Mahnomen, Minnesota.

Newspaper – 01/11/2007

Fed Reg – 01/08/2007

CIC Notice by Dan L. Rorvig, McVille, North Dakota; Teresa L. Rorvig, McVille, North Dakota; Robert J. Fossum, Forest River, North Dakota; and Troy D. Olson, Cooperstown, North Dakota, acting as a group in concert to gain control of McVille Financial Services, Inc., McVille, North Dakota, and thereby indirectly gain control of McVille State Bank, McVille, North Dakota.

Newspaper – Not available

Fed Reg – 01/16/2007

*Subject to the provisions of the Community Reinvestment Act.

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.

RSSD number Institution/Location Exam date CRA public date CRA rating Exam type
960159

Superior Bank
Superior, Wisconsin

09/25/2006 01/02/2007 S
Small Bank


CRA examinations scheduled for Quarter of

Institution Location
None  
 
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