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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 12, 2009
| Type | Application | Ending date of comment period |
|---|---|---|
CIC |
Notice by James A. Jorgenson, Jorgenson Holding Company, the Karen Jorgenson Trust (Karen Neidhardt and James A. Jorgenson, Trustees), and Leonard M. Jorgenson, all of Kenmare, North Dakota, acting in concert, to retain control of Bozeman Bancorp, Inc., Bozeman, Montana, and indirectly retain control of the Bank of Bozeman, Bozeman, Montana. |
Newspaper: Not available Federal Register: Not available |
CIC |
Notice by Cullen Thompson, Houston, Texas; Barton Thompson, Houston, Texas;, and Betsy Lehman, Fort Morgan, Colorado, to acquire shares of Faith Bank Holding Company, Faith, South Dakota, and thus to join a group acting in concert, consisting of Carveth and Margaret Thompson, Lead, South Dakota; Gary and Nancy Vance, Faith, South Dakota; Eldon Jensen, Lemmon, South Dakota; and Morris Gustafson, Faith, South Dakota, which controls 25 percent or more of Faith Bank Holding Company. Faith Bank Holding Company controls Farmers State Bank, Faith, South Dakota. |
Newspaper: 12/15/2009 Federal Register: 12/28/2009 |
*3A3 |
First State Bank Southwest 2002 Amended and Restated KSOP Plan and Trust, Worthington, Minnesota, to acquire 28.702% of the voting shares of First Rushmore Bancorporation, Inc., Worthington, Minnesota, and thereby acquire control of First State Bank Southwest, Pipestone, Minnesota. |
Newspaper: 12/20/2009 Federal Register: 01/07/2010 |
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 Quarter of
| Institution | Location |
|---|---|
| None |
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