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

 

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

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