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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, July 28, 2007
| Type | Application | Ending date of comment period |
|---|---|---|
| * 3A1 | Dakota Financial, Inc., Alexandria, Minnesota, to become a bank holding company by acquiring 100 percent of the State Bank of Marietta, Marietta, Minnesota. |
Newspaper – Not available Fed Reg – 08/17/2007 |
| * Branch | First Community Bank, Glasgow, Montana, to establish a branch facility to be located at 2150 Amsterdam Road, Belgrade, Montana. |
Newspaper – 08/22/2007 Fed Reg – Not applicable |
| * 3A1 |
John T. Vucurevich Foundation, Rapid City, South Dakota, to become a bank holding company by acquiring control of 84.48% of the Class B common stock and 11.85% of the Class A common stock of United Bancorporation, Osseo, Wisconsin, and thereby indirectly acquire United Bank, Osseo, Wisconsin; Cambridge State Bank, Cambridge, Wisconsin; Lincoln County Bank, Merrill, Wisconsin; Bank of Poynette, Poynette, Wisconsin; Clark County State Bank, Osceola, Iowa; Farmers State Bank, Stickney, South Dakota; and Farmers & Merchants State Bank, Iroquois, South Dakota. |
Newspaper – 07/21/2007 Fed Reg – 08/06/2007 |
*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 |
|---|---|---|---|---|---|
| None |
CRA examinations scheduled for Quarter of
| Institution | Location |
|---|---|
| None |
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