Federal Reserve Bank of Minneapolis
|Type||Application||Ending date of
Notice by Shawn Paul Weinand and Linda Lou Weinand, both of Tonka Bay, Minnesota, to acquire control of Alliance Bank Shares Corporation, Andover, Minnesota, and thereby indirectly gain control of 1st Regents Bank, Andover, Minnesota.
Newspaper: Not Available
Federal Register: 09/24/2010
Change in Control Notice by Margaret E. Thelen Revocable Trust dated January 5, 2000, Margaret E. Thelen, Trustee, Baxter, Minnesota, individually and as part of a group acting in concert along with John A. Thelen, Jr., Baxter, Minnesota, Nancy M. Shipman, Brainerd, Minnesota, Sharon M. Watland, Baxter, Minnesota, Robert T. Thelen, Baxter, Minnesota, Michael J. Thelen, Nisswa, Minnesota, Kathryn M. Stalheim, Oviedo, Florida, Steven D. Thelen, Tampa, Florida, Luke D. Shipman, Brainerd, Minnesota, Daniel J. Shipman, Brainerd, Minnesota, Elizabeth A. Shipman, Breezy Point, Minnesota, and Adam J. Shipman, Brainerd, Minnesota to retain control of American Bancorporation of Minnesota, Inc., Brainerd, Minnesota, and thereby indirectly retain control of American National Bank of Minnesota, Baxter, Minnesota.
Federal Register: 10/1/2010
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|
|666358||FIRST CITIZENS BK OF BUTTE, BUTTE, MONTANA||05/24/2010||09/10/2010||S||Small Bank|
* Subject to the provisions of the Community Reinvestment Act