Federal Reserve Bank of Minneapolis
|Type||Application||Ending date of
BHCB Holding Company, Rapid City, South Dakota, to become a bank holding company by acquiring 100 percent of Black Hills Community Bank, N.A., Rapid City, South Dakota, a de novo bank.
Newspaper - 10/22/2008
Federal Register - 10/24/2008
Bryant Bancshares, Inc., Bryant, South Dakota, requests retroactive approval to acquire 100% of Community Insurance, LLC, Bryant, South Dakota, and thereby indirectly engage in insurance agency activities, in a place with a population not exceeding 5,000.
Newspaper - Not applicable
Federal Register - Not applicable
Glacier Bancorp, Inc., Kalispell, Montana, to acquire 100 percent of the voting shares of Bank of the San Juans Bancorporation, Durango, Colorado, and thereby indirectly acquire Bank of the San Juans, Durango, Colorado.
Newspaper - 10/12/2008
Federal Register - 10/17/2008
*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|