Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending Saturday, May 29, 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


Notice by Aaron Matthew Ness, Michael Forrest Ness and Robert Hunter Ness, as Co-Trustees of the Ness Irrevocable Family Trust, Yankton, South Dakota; Diane Jean Ness, Yankton, South Dakota, individually; Aaron Matthew Ness, Yankton, South Dakota, individually; Michael Forrest Ness, Sioux Falls, South Dakota, individually; and Robert Hunter Ness, Yankton, South Dakota, individually, and as Trustee of the Robert Hunter Ness Roth IRA, Yankton, South Dakota, to join Larry F. Ness, Yankton, South Dakota, individually and as Trustee of the Larry F. Ness 2009 Grantor Retained Annuity Trust, Yankton, South Dakota, and as Trustee of the Larry F. Ness Individual Retirement Account, Yankton, South Dakota, as a group acting in concert, to acquire and retain 25 percent or more of the shares of First Dakota Financial Corporation, Yankton, South Dakota, and thereby indirectly acquire and retain First Dakota National Bank, Yankton, South Dakota.

Newspaper: Not available

Federal Register: 06/16/2010

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

CRA examinations scheduled for Quarter

Institution Location

* Subject to the provisions of the Community Reinvestment Act

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