Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending Saturday, November 29, 2008

Type Application Ending date of
comment period
*3A1

182 Bancshares, Inc., Mankato, Minnesota, to become a bank holding company by acquiring 100 percent of Bank 182, Mankato, Minnesota, a de novo bank.

Newspaper - Not available

Federal Register - 12/18/2008

CIC

Notice by John E. Post, Coon Rapids, Minnesota, to gain control of Community Pride Bank Corporation, Ham Lake, Minnesota, and thereby indirectly gain control of Community Pride Bank, Isanti, Minnesota.

Newspaper - 12/12/2008

Federal Register - 12/09/2008

4c8

NASB Shares, Inc., Belgrade, Minnesota, requests approval to retain 100% of Borgerding Agency, Inc., Belgrade, Minnesota, and North American State Insurance Agency, Inc., Elrosa, Minnesota, and thereby indirectly engage in insurance agency activities, in a place with a population not exceeding 5000.

Newspaper - Not applicable

Federal Register - Not applicable


*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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