District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
| Type | Application | Ending date of comment period |
|---|---|---|
* 3A3 |
Kirkwood Bancorporation Co., Bismarck, North Dakota and Kirkwood Bancorporation of Nevada, Inc., Las Vegas, Nevada, to acquire 94.89% of Eagle Valley Bank, National Association, Saint Croix Falls, Wisconsin. |
Newspaper: Not Applicable Federal Register: 09/03/2010 |
| CIC | Richard G. Anderson, Helena, Montana, individually, and as part of a group acting in concert with Dick and Margaret Anderson, FLP; Dick Anderson Construction, Inc.; Dick Anderson Construction Profit Sharing Plan & Trust; MA Construction, Inc., (fka MAC Equipment Rental); Margaret F. Anderson; Norma J. Anderson, all of Helena, Montana, and David L. Anderson of Los Altos Hills, California, to acquire and retain 10 percent or more of the shares of Mountain West Financial Corp., Helena, Montana, and thereby indirectly acquire and retain control of Mountain West Bank, National Association, Helena, Montana. |
Newspaper: 08/20/2010 Federal Register: 08/25/2010 |
| CIC | Sandra and Jule Jacobson, Plentywood, Montana, to acquire 10 percent or more of the shares of Treasure Bancorp, Inc., Plentywood, Montana, and thereby indirectly gain control of Montana State Bank, Plentywood, Montana; Edward and Lois Angvick, Medicine Lake, Montana, as a group acting in concert, to acquire 10 percent or more of the shares of Treasure Bancorp, Inc., Plentywood, Montana, and thereby indirectly gain control of Montana State Bank, Plentywood, Montana; and Walter Norbo, Plentywood, Montana; the Julia J. Norbo Exemption Trust, Plentywood, Montana; and Patsy Morstad, trustee of the Julia J. Norbo Exemption Trust, Plentywood, Montana, as a group acting in concert, to acquire 10 percent or more of the shares of Treasure Bancorp, Inc., Plentywood, Montana, and thereby indirectly gain control of Montana State Bank, Plentywood, Montana. |
Newspaper: Not Applicable Federal Register: 08/25/2010 |
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 |
|---|---|---|---|---|---|
467957 |
Fulton State Bank Fulton, South Dakota |
04/26/2010 | 08/05/2010 | S | Small Bank |
| Institution | Location |
|---|---|
| None |
* Subject to the provisions of the Community Reinvestment Act