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Applications Bulletin
District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Applications and notifications filed during the week ending Saturday, March 10, 2007
| Type | Application | Ending date of comment period |
|---|---|---|
| * 18C * Branch |
1st Bank, Evanston, Wyoming, to merge with North Side State Bank of Rock Springs, Rock Springs, Wyoming, and incident thereto proposes to establish a branch at 601 North Front Street, Rock Springs, Wyoming. | Newspaper – Not available Fed Reg – Not applicable |
| * 3A3 |
BlackRidge Financial, Inc., Fargo, North Dakota, to acquire 100 percent of BlackRidgeBANK, Fargo, North Dakota, a de novo bank. |
Newspaper – Not available Fed Reg – 04/02/2007 |
| * Branch | Community Bank-Missoula, Inc., Missoula, Montana, to establish a branch at 3200 Brooks Street, Missoula, Montana. | Newspaper – 03/23/2007 Fed Reg – Not applicable |
| * Branch | Glacier Bank of Whitefish, Whitefish, Montana, to establish a branch at 6195 Hwy 93 South, Whitefish, Montana, 59937. | Newspaper – 03/09/2007 Fed Reg – Not applicable |
| Member * 3A3 |
Hayward Bancshares, Inc., Eau Claire, Wisconsin, to acquire 100 percent of Summit Community Bank, Maplewood, Minnesota, and incident thereto, Summit Community Bank, Maplewood, Minnesota, a de novo bank, to become a member of the Federal Reserve System. | Newspaper – Not available Fed Reg – 04/09/2007 |
| 4c8 | Otto Bremer Foundation and Bremer Financial Corporation, both of St. Paul, Minnesota, propose to acquire, through a wholly-owned subsidiary, Bremer Insurance Agencies, Inc., St. Paul, Minnesota, certain assets of Buchmeier Agency, Inc., St. Paul, Minnesota, and thereby engage in insurance agency activities in conformity with section 225.28(b)(11)(vii). | Newspaper – Not applicable Fed Reg – Not applicable |
*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 |
|---|---|---|---|---|---|
| None |
CRA examinations scheduled for Quarter of
| Institution | Location |
|---|---|
| None |
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