Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending Saturday, June 26, 2010

Type Application Ending date of
comment period

* 3A1

Axeon Holding Company, LLC, Buhl, Minnesota, to become a bank holding company by acquiring 100 percent of Timberland Bancorp, Baxter, Minnesota, and thereby indirectly acquire First National Bank, Buhl, Minnesota.

Newspaper: Not Available

Federal Register: Not Available

CIC

Change in Control Notice by Paul Bennett Lewis, Mendota Heights, Minnesota, to gain control of Fidelity Holding Company, Minnetonka, Minnesota, and thereby gain control of Fidelity Bank, Edina, Minnesota.

Newspaper: Not Available

Federal Register: 07/16/2010

* 3A1
* 3A3

First Holding Company of Park River, Inc., Park River, North Dakota, to acquire 100% of First Sharon Holding Company, Inc., Aneta, North Dakota, and thereby indirectly acquire First State Bank of Sharon, Sharon, North Dakota, and Sheyenne Bancorp, Inc., Park River, North Dakota, to become a bank holding company by acquiring 100 percent of First Sharon Holding Company, Inc., Aneta, North Dakota, and thereby indirectly acquire First State Bank of Sharon, Sharon, North Dakota.

Newspaper: Not Available

Federal Register: 07/22/2010

CIC

Change in Control Notice by Margaret Morten, Eden Prairie, Minnesota, to acquire and retain control of Vision Bancshares, Inc., Saint Louis Park, Minnesota, and thereby indirectly acquire and retain control of Vision Bank, Saint Louis Park, Minnesota.

Newspaper: Not Available

Federal Register: Not Available


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

 
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