Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending Saturday, February 21, 2009

Type Application Ending date of
comment period

Notice by Michael John Finley, Janesville, Minnesota, to gain control of Janesville Holding Company and thereby indirectly gain control of Janesville State Bank, both of Janesville, Minnesota.

Newspaper - 03/04/2009

Federal Register - 03/11/2009


Gary and Mary Ihry, Hope, North Dakota; Wade and Marilyn Ihry, Hope, North Dakota; Keith and Brenda Ihry, Hope, North Dakota; and Reed Ihry, Devils Lake, North Dakota, as a group acting in concert, to acquire control of Quality Bankshares, Inc., Fingal, North Dakota, and thereby indirectly gain control of Quality Bank, Fingal, North Dakota.

Newspaper - Not available

Federal Register - Not available

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

CRA examinations scheduled for Second Quarter of 2009 (April 1, 2009 - June 30, 2009)

Institution Location
First Intrst Bk Billings, Montana
First Security Bk of Malta Malta, Montana
Northwestern Bk Chippewa Falls, Wisconsin
Pioneer Bk Mapleton, Minnesota
Ravalli County Bk Hamilton, Montana
Summit Cmnty Bk Maplewood, Minnesota
United Bkr Bk Bloomington, Minnesota
Welcome St Bk Welcome, Minnesota
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