Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending Saturday, June 6, 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

* Branch

First Interstate Bank, Billings, Montana, to establish a branch facility to be located at 2601 10th Avenue South, Great Falls, Montana.

Newspaper - 06/09/2009
Federal Register - Not applicable

CIC

Notice by the Donald A. Hanson Family Trust, Donna L. Hanson, LeRoy, Minnesota, individually and as trustee of the Family Trust, Jeanie Rae Thorson, Rochester, Minnesota, as trustee of the Family Trust, Barbara Kay Billings, Cresco, Iowa, as trustee of the Family Trust, and Kristi Jo Jacobson, Cannon Falls, Minnesota, as trustee of the Family Trust, a group acting in concert to acquire and retain 25 percent or more of the shares of First LeRoy Bancorporation, Inc., LeRoy, Minnesota, and thereby indirectly retain control of First State Bank Minnesota, LeRoy, Minnesota.

Newspaper - Not available
Federal Register - 06/17/2009

* Branch

First State Bank Southwest, Pipestone, Minnesota, to establish a branch facility to be located at 505 Trosky Road West, Edgerton, Minnesota.

Newspaper - Not available
Federal Register - Not applicable

CIC

Notice by Richard Jordahl, Fargo, North Dakota, to acquire 25 percent or more of the shares of Hatton Bancshares, Inc., Fargo, North Dakota, and thereby indirectly gain control of Farmers and Merchants National Bank, Hatton, North Dakota.

Newspaper - Not available
Federal Register - Not available


*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
630555 American Bank
Bozeman, Montana
12/08/2008 04/23/2009 S Int Small Bank


CRA examinations scheduled for Quarter of

Institution Location
None  
 
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