Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending Saturday, February 24, 2007

Type Application Ending date of
comment period

* 3A1

Citizens Bancorp, Inc., Cadott, Wisconsin, to become a bank holding company by acquiring 100 percent of Citizens State Bank, Cadott, Wisconsin.

Newspaper – Not available

Fed Reg – 03/16/2007


Notice by Robert Donavon Weerts and Jennifer Lavon Weerts, both of Winnebago, Minnesota, to gain control of Northern Star Financial, Inc., Mankato, Minnesota, and thereby indirectly gain control of Northern Star Bank, Mankato, Minnesota.

Newspaper – 01/29/2007

Fed Reg – 02/05/2007

* 18C
* Branch
State Bank Financial, La Crosse, Wisconsin, proposes to purchase the assets and assume the liabilities of the Sparta, Wisconsin, branch of Acuity Bank, Tomah, Wisconsin, and incident thereto establish a branch at 203 West Wisconsin, Sparta, Wisconsin.

Newspaper – Not available

Fed Reg – Not applicable

* 3A1 Trinity Investments, Inc., Glen Ullin, North Dakota, to become a bank holding company by acquiring 100 percent of Bank of Glen Ullin, Glen Ullin, North Dakota.

Newspaper – 03/09/2007

Fed Reg – 03/05/2007

*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

CRA examinations scheduled for Second Quarter of 2007 (April 1, 2007 - June 30, 2007)

Institution Location
American St Bk of Grygla Grygla, Minnesota
Belt Valley Bk Belt, Montana
Community Resource Bk Northfield, Minnesota
First Bk Baldwin Baldwin, Wisconsin
First Intrst Bk Billings, Montana
First Security Bk Missoula Missoula, Montana
First St Bk of Malta Malta, Montana
Grand Marais St Bk Grand Marais, Minnesota
Lake County Bk Saint Ignatius, Montana
Merchants St Bk Freeman, South Dakota
Montana St Bk Plentywood, Montana
Northwestern Bk Chippewa Falls, Wisconsin
Pioneer B&TC Belle Fourche, South Dakota
State Svg Bk of Manistique Manistique, Michigan
Latest Articles

Contact Federal Reserve Consumer Help to file a complaint against a bank or obtain additional information on mortgages, deposit accounts and other banking-related topics - offsite.

Federal Reserve Financial Services

Partnership for Progress is a Federal Reserve System program created to preserve and promote minority-owned institutions and enhance their ability to thrive in an increasingly competitive banking environment - offsite