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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, May 22, 2010
| Type | Application | Ending date of comment period |
|---|---|---|
* 3A3 |
215 Holding Company, to acquire 100 percent of White Rock Bank, Cannon Falls, Minnesota. |
Newspaper: Not available Federal Register: 06/21/2010 |
| CIC | Notice by Peter Paul Bell, Lake Forest, Illinois, to acquire 10 percent or more of the shares of Lake Shore Wisconsin Corporation, Kohler, Wisconsin, and thereby indirectly gain control of Hiawatha National Bank, Hager City, Wisconsin. |
Newspaper: 05/25/2010 Federal Register: 05/25/2010 |
| CIC | Notice by the Hensley Family Limited Partnership of Kalispell, Montana, to retain control of Valley Bancshares, Inc., Kalispell, Montana, and thereby indirectly retain control of Valley Bank of Kalispell, Montana. |
Newspaper: 06/02/2010 Federal Register: 06/04/2010 |
| 4c8 | Waumandee Bancshares, Ltd., Waumandee, Wisconsin, requests retroactive approval to acquire 100% of Waumandee Insurance Services, Inc., Waumandee, Wisconsin, and thereby indirectly engage in insurance agency activities, in a place with a population not exceeding 5,000. |
Newspaper: Not available Federal Register: 06/21/2010 |
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 |
|---|---|---|---|---|---|
| 619457 | FLINT CREEK VALLEY BK, PHILIPSBURG, MONTANA | 01/04/2010 | 05/14/2010 | S | Small Bank |
| 240459 | STATE BK OF EWEN, EWEN, MICHIGAN | 01/05/2010 | 04/22/2010 | S | Small Bank |
CRA examinations scheduled for Third Quarter of 2010 (July 1, 2010 - Septermber 30, 2010)
| Institution | Location |
|---|---|
| BIG SKY WESTERN BK | BOZEMAN, MONTANA |
| DACOTAH BK | ABERDEEN, SOUTH DAKOTA |
| FIRST BK BLUE EARTH | BLUE EARTH, MINNESOTA |
| FIRST WESTERN B&TC | MINOT, NORTH DAKOTA |
| PENINSULA BK | ISHPEMING, MICHIGAN |
| PEOPLES ST BK OF PLAINVIEW | PLAINVIEW, MINNESOTA |
| SUPERIOR BK | SUPERIOR, WISCONSIN |
| VALLEY BK GLASGOW | GLASGOW, MONTANA |
| YELLOWSTONE BK | LAUREL, MONTANA |
* Subject to the provisions of the Community Reinvestment Act
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