Federal Reserve Bank of Minneapolis
|Type||Application||Ending date of
Change in Control Notice by Charles H. Burke III, Pierre, South Dakota, as an individual, to acquire 72 percent or more of the shares of South Dakota Bancshares Inc., Pierre, South Dakota, and thereby indirectly gain control of BankWest Inc., Pierre, South Dakota.
Newspaper - 02/16/2010
Fed Reg - 02/16/2010
David Tychman, Seattle, Washington, individually and as trustee of eight Tychman/Sanders family trusts to retain 25 percent or more of The Tysan Corporation, Minneapolis, Minnesota. The trustees of one or more of nine Tychman/Sanders family trusts; James Sanders, Plymouth, Minnesota, Deera Tychman, Edina, Minnesota, Judith Shapiro, Saint Louis Park, Minnesota, and David Tychman, Seattle, Washington, to join the Tychman/Sanders group which controls 25 percent or more of The Tysan Corporation, Minneapolis, Minnesota, and includes 17 other Tychman/Sanders family trusts, and thereby indirectly retain 25 percent of Lake Community Bank, Long Lake, Minnesota, Pine Country Bank, Little Falls, Minnesota, and Blaine State Bank, Blaine, Minnesota.
Newspaper - 03/07/2010
Fed Reg - 03/10/2010
*Subject to the provisions of the Community Reinvestment Act.
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|
|AMERICAN BK||SAINT PAUL, MINNESOTA|
|BIG SKY WESTERN BK||BOZEMAN, MONTANA|
|CLINTON ST BK||CLINTON, MINNESOTA|
|COMMUNITY BK AUSTIN||AUSTIN, MINNESOTA|
|COMMUNITY BK MISSOULA||MISSOULA, MONTANA|
|FARMERS ST BK||VICTOR, MONTANA|
|FIRST CITIZENS BK OF BUTTE||BUTTE, MONTANA|
|FULTON ST BK||FULTON, SOUTH DAKOTA|
|NORTH SHORE BK OF COMMERCE||DULUTH, MINNESOTA|
|VALLEY BK GLASGOW||GLASGOW, MONTANA|
|YELLOWSTONE BK||LAUREL, MONTANA|