Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending Saturday, June 9, 2007

Type Application Ending date of
comment period
* 18C
* Branch
First Bank of Baldwin, Baldwin, Wisconsin, to merge with Bank of Spring Valley, Spring Valley, Wisconsin, and thereto establish branches at 320 McKay Street, Spring Valley, Wisconsin, and 409 Main Street, Plum City, Wisconsin.

Newspaper – Not available

Fed Reg – Not applicable

* 3A3 First National Bank of Sauk Centre Retirement Savings & Employee Stock Ownership Plan and Trust, Sauk Centre, Minnesota, and Sauk Centre Financial Services Inc., Sauk Centre, Minnesota, to acquire 100 percent of Lake Country State Bank, Long Prairie, Minnesota.

Newspaper – 06/22/2007

Fed Reg – 06/18/2007

CIC Notice by William H. Unger, Sauk Centre, Minnesota, and Alfred P. Minnerath, Starbuck, Minnesota, to gain control of Sauk Centre Financial Services Inc., Sauk Centre, Minnesota, and thereby indirectly gain control of First National Bank of Sauk Centre, Sauk Centre, Minnesota.

Newspaper – Not available

Fed Reg – 06/25/2007

CIC Notice by Mr. William M. Spang, Jr. of Eveleth, Minnesota, to gain control of Timberland Bancorp, Baxter, Minnesota, and thereby indirectly gain control of First National Bank of Buhl, Buhl, Minnesota.

Newspaper – 06/04/2007

Fed Reg – 06/20/2007

*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 Quarter of

Institution Location
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