Federal Reserve Bank of Minneapolis
|Type||Application||Ending date of
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
|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.
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|
|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|