- About Banking Supervision
For Banks
- Bankers' Education and Training
- Regulations and Guidance
- Application Information
- Application Bulletins
- Appeals Procedures
- Market Definitions
- Federal Reserve Membership
- Discount Window
- Payments System Risk
- Reserve Administration
- Statistical and Structure Reports
- Agencies and Regulators
- Business Continuity
For Consumers
- Banking and Financial Studies
- Banking Conditions
Applications Bulletin
District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Applications and notifications filed during the week ending Saturday, June 5, 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 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: 06/15/2010 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 |
|---|---|---|---|---|---|
| None |
CRA examinations scheduled for Quarter
| Institution | Location |
|---|---|
| None |
* Subject to the provisions of the Community Reinvestment Act
Related Links
External Links
