Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending Saturday, November 15, 2008

Type Application Ending date of
comment period
CIC

Change in control notice by Norlin G. Boyum, Minneapolis, Minnesota; John B. Boyum, Arlington, Virginia; and Stephanie J. Boyum, New York, New York, as part of a group acting in concert, to acquire 25 percent or more of the shares of Citizens Bancshares of Woodville, Inc., Hudson, Wisconsin, and thereby indirectly acquire control of Citizens State Bank, Hudson, Wisconsin.

Newspaper - 11/19/2008

Federal Register - 11/14/2008

CIC

Change in Control Notice by the Claire L. Erickson Irrevocable Trust For The Benefit Of Kristi Erickson Kampmeyer and Descendants, the Claire L. Erickson Irrevocable Trust For The Benefit Of David B. Erickson and Descendants, and Gary Vander Vorst, as an individual and as co-trustee of the trusts, all of Hudson, Wisconsin, and Kristi Erickson Kampmeyer, Sunfish Lake, Minnesota, as an individual and as co-trustee and beneficiary of the Claire L. Erickson Irrevocable Trust For The Benefit Of Kristi Erickson Kampmeyer and Descendants, which collectively are part of a group acting in concert with David Erickson, Hudson, Wisconsin, to gain and/or retain control of Freedom Bancorporation, Inc., Lindstrom, Minnesota, and thereby indirectly gain and/or retain control of Lake Area Bank, Lindstrom, Minnesota.

Newspaper - 11/27/2008

Federal Register - 11/28/2008

CIC

Change in Control Notice by the Claire L. Erickson Irrevocable Trust II For The Benefit Of Kristi Erickson Kampmeyer and Descendants, the Claire L. Erickson Irrevocable Trust For The Benefit Of Marilyn J. Kron and Descendants, and Gary Vander Vorst as an individual and as co-trustee of the trusts, all of Hudson, Wisconsin, which collectively are part of a group acting in concert with Kristi Erickson Kampmeyer, Sunfish Lake, Minnesota, and Marilyn J. Kron, Hudson, Wisconsin, to gain control of Waseca Bancshares, Inc., Waseca, Minnesota, and thereby indirectly gain control of Roundbank, Waseca, Minnesota.

Newspaper - 11/27/2008

Federal Register - 11/28/2008


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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