Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending Saturday, May 23, 2009

Type Application Ending date of
comment period
CIC

Change in Control Notice by Robb B. Kahl, Monona, Wisconsin, as trustee of the Glenn A. Solsrud Revocable Trust concerning Augusta Financial Corporation, to gain control of Augusta Financial Corporation, Augusta, Wisconsin, and thereby gain control of Unity Bank, Augusta, Wisconsin.

Newspaper - Not available
Federal Register - 06/11/2009

CIC

Change in Control Notice by Robb B. Kahl, Monona, Wisconsin, as trustee of the Glenn A. Solsrud Revocable Trust concerning Caprice Corporation, to gain control of Caprice Corporation, Augusta, Wisconsin, and thereby gain control of Unity Bank North, Red Lake Falls, Minnesota.

Newspaper - Not available
Federal Register - 06/11/2009


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 Third Quarter of 2009 (July 1, 2009 - September 30, 2009)

Institution Location
Bankfirst Sioux Falls, South Dakota
Citizens B&TC Big Timber, Montana
Farmers State Bank of West Concord West Concord, Minnesota
First Security Bank Missoula Missoula, Montana
First Western Bank Wall, South Dakota
Pioneer B&TC Belle Fourche, South Dakota
Pioneer Bank Mapleton, Minnesota
Profinium Fncl Truman, Minnesota
Ravalli County Bank Hamilton, Montana
United Bkr Bank Bloomington, Minnesota
Welcome State Bank Welcome, Minnesota
 
Latest Articles

Contact Federal Reserve Consumer Help to file a complaint against a bank or obtain additional information on mortgages, deposit accounts and other banking-related topics - offsite.

Federal Reserve Financial Services

Partnership for Progress is a Federal Reserve System program created to preserve and promote minority-owned institutions and enhance their ability to thrive in an increasingly competitive banking environment - offsite