Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending Saturday, August 29, 2009

Type Application Ending date of
comment period

CIC

Notice by Bradley John Franklin, Sidney, Montana; Eleanor Rose Franklin, Sidney, Montana; and Gregory Lynn Franklin, Othello, Washington, to join a group acting in concert with John Franklin, Sidney, Montana, to acquire and retain control of 1st United Bancorporation, Inc., Sidney, Montana, and thereby indirectly acquire and retain control of 1st Bank, Sidney, Montana.

Newspaper: Not available

Federal Register: 09/09/2009

CIC

Notice by the Marcia J. Edsall Trust, Bozeman, Montana, Marcia J. Edsall and Wayne A. Edsall as trustees; the Wayne Edsall Trust No. 2, Bozeman, Montana, Wayne A. Edsall as trustee; as well as Susan Joy Edsall, Ennis, Montana; Steven L. Edsall, Bellevue, Idaho; and Sharon J. Cohen, Spokane, Washington, as a group acting in concert, to retain 10% or more of the shares of Inter-Mountain Bancorp, Inc., Bozeman, Montana, and thereby indirectly retain First Security Bank, Bozeman, Montana. In addition, notice by the Cornelius A. Dogterom Marital Trust, Bozeman, Montana, Marjorie T. Dogterom as trustee and individually, Bozeman, Montana; the Dana Dogterom Living Trust, Manhatten, Montana, Dana M. Dogterom as trustee; the Toni Dogterom Living Trust, Evanston, Illinois, Toni L. Dogterom as trustee; the Daphne Gillam Revocable Trust, Bozeman, Montana, Daphne Gillam as trustee; as well as Ashley Claire Gillam, Bozeman, Montana;, and Dana M. Dogterom as Custodian for Alexa Dogterom, Evanston, Illinois, as a group acting in concert, to retain 10% or more of the shares of Inter-Mountain Bancorp, Bozeman, Montana, and thereby indirectly retain First Security Bank, Bozeman, Montana. In addition, notice by Thomas J. Kamp, Manhatten, Montana; Robert K. Kamp, Manhatten, Montana; Robert and Sharon T. Kamp, Manhatten, Montana; John T. and Joyce B. Kamp, Manhatten, Montana; Alma J. Kamp, San Anselmo, California, Lois F. Kamp, Great Falls, Montana, Michael S. Kamp, Manhatten, Montana, Thomas J. Kamp, Belgrade, Montana, and Theodore P. Kamp, Raton, New Mexico, as a group acting in concert, to retain 10% or more of the shares of Inter-Mountain Bancorp, Bozeman, Montana, and thereby indirectly retain First Security Bank, Bozeman, Montana.

Newspaper: Not available

Federal Register: 09/14/2009

CIC

Retroactive Change in Control Notice by Dennis G. Bilski, Plymouth, Minnesota, individually and as part of a group acting in concert along with the Marsha L. Ritt Revocable Living Trust, co-trustees Marsha L. Ritt and Dennis G. Bilski; Londa G. Bilski, Plymouth, Minnesota; Gerald A. Bilski and Sandra J. Bilski, Woodbury, Minnesota; Michael A. Bilski and Jacqueline S. Bilski, Fridley, Minnesota; Michael A. Adducci and Debra J. Adducci, Woodbury, Minnesota; and John C. Holper and Linda M. Holper, Woodbury, Minnesota, to retain control of N.A. Corporation, Roseville, Minnesota, and thereby indirectly retain control of North American Banking Company, Roseville, Minnesota.

Newspaper: Not available

Federal Register: 09/03/2009

CIC

Retroactive notice by Melissa I. Brooks and Erik K. Brooks, both of Eden Prairie, Minnesota, to join a group acting in concert with Kenneth Brooks, Eden Prairie, Minnesota, individually and as trustee of the Signature Bancshares, Inc. Employee Stock Ownership Plan and Trust, Minnetonka, Minnesota, and Roger Brooks, Boulder, Colorado, to retain control of Signature Bancshares, Inc., Minnetonka, Minnesota, and thereby indirectly retain control of Signature Bank, Minnetonka, Minnesota.

Newspaper: Not available

Federal Register: 09/14/2009


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

3557895

Summit Cmnty Bank
Maplewood, MN
04/27/2009 08/10/2009 S Small Bank


CRA examinations scheduled for Quarter of

Institution Location
None  
 

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