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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, December 6, 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 |
| 3A1 | Lincoln Holding Company, Lincoln, Montana, to become a bank holding company by acquiring 100% of the stock of the First Bank of Lincoln, Lincoln, Montana. |
Newspaper - Not applicable Federal Register - Not applicable |
| CIC | Kirk Sandquist, Deer Lodge, Montana, individually, and acting in concert with Amy Uribe IRA, Deer Lodge, Montana, and Robert Uribe IRA, Deer Lodge, Montana, to acquire control of Sandquist Corp., Deer Lodge, Montana, and thereby acquire control of Peoples Bank of Deer Lodge, Deer Lodge, Montana. |
Newspaper - 12/16/2008 Federal Register - 12/24/2008 |
*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 |
|---|---|---|---|---|---|
| 256553 | Dacotah Bank Aberdeen, South Dakota |
07/07/2008 | 11/21/2008 | O | Large Bank |
CRA examinations scheduled for Quarter of
| Institution | Location |
|---|---|
| None |
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