Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

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

Type Application Ending date of
comment period

*3A3

Klein Financial, Inc., Chaska, Minnesota, to acquire First Community Bank, Savage, Minnesota.

Newspaper – Not available

Fed Reg –12/20/2007

CIC

Notice by Richard Tucker Plumstead Revocable Trust, Richard Tucker Plumstead as trustee and individually; Richard Tucker Plumstead IRA; Vicki L. Turnquist Revocable Trust, Vicki L. Turnquist as trustee and individually; Vicki L. Turnquist IRA; and Vicki L. Turnquist Simplified Employee Pension Plan; all of Minneapolis, Minnesota, as a group acting in concert, to retain 10 percent or more of the shares of Private Bancorporation, Inc., Minneapolis, Minnesota, and thereby indirectly retain control of Private Bank Minnesota, Minneapolis, Minnesota.

Newspaper – 12/01/2007

Fed Reg – 12/10/2007

*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

659855

FIRST INTRST BK, BILLINGS, MONTANA 06/04/2007 11/08/2007 O Large Bank

705958

KANABEC ST BK, MORA, MINNESOTA 07/30/2007 11/20/2007 S Small Bank


CRA examinations scheduled for First Quarter of 2008 (January 1, 2008 - March 31, 2008)

Institution Location

AMERICAN BK

SAINT PAUL, MINNESOTA

CITIZENS ST BK OF ONTONAGON

ONTONAGON, MICHIGAN

FARMERS ST BK OF MADELIA

MADELIA, MINNESOTA

FIRST NB OF LEWISTOWN

LEWISTOWN, MONTANA

FIRST ST BK SOUTHWEST

PIPESTONE, MINNESOTA

FIRST WESTERN BK

EDEN PRAIRIE, MINNESOTA

PEOPLES BK WI

HAYWARD, WISCONSIN

PLAZA PARK ST BK

WAITE PARK, MINNESOTA

RIDGEDALE ST BK

MINNETONKA, MINNESOTA

 
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