Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending February 19, 2011

Type Application Ending date of
comment period
CIC

Change in Control Notice by Robert Karl Kamp, Manhattan, Montana, to gain control of Inter-Mountain Bancorp, Inc., Bozeman, Montana and thereby indirectly gain control of First Security Bank, Bozeman, Montana.

Newspaper: Not Available

Federal Register: Not Available

CIC

Notice by Cara Mulder, Prinsburg, Minnesota, to join a group acting in concert with Myron Mulder, Prinsburg, Minnesota, to acquire and retain control of PSB Financial Shares, Inc., Prinsburg, Minnesota, and thereby indirectly acquire and retain control of Prinsbank, Prinsburg, Minnesota.

Newspaper: Not Available

Federal Register: Not Available

CIC

Change in Control notice by John D. Connolly, Danvers, Minnesota, to acquire and retain 25% or more of the shares of West 12 Bancorporation, Inc., Danvers, Minnesota, and thereby indirectly acquire and retain control of State Bank of Danvers, Danvers, Minnesota.

Newspaper: 02/26/2011

Federal Register: 03/04/2011

CIC

Notice by Noah W. Wilcox, Grand Rapids, Minnesota, as an individual and as trustee of the Noah W. Wilcox Trust, Grand Rapids, to acquire 25% or more of the shares of Wilcox Bancshares, Grand Rapids, Minnesota, and thereby indirectly control Grand Rapids State Bank, Grand Rapids, Minnesota. Additionally, the Noah W. Wilcox Trust, trustees Noah W. Wilcox and Dorsey & Whitney Trust Company LLC, Sioux Falls, South Dakota, will acquire 10% or more of Wilcox Bancshares, and thus join the Wilcox Family Group, and thereby indirectly control Grand Rapids State Bank, Grand Rapids, Minnesota.

Newspaper: 03/08/2011

Federal Register: 03/03/2011


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 Second Quarter of 2011 (April 1, 2011 - June 30, 2011)

Institution Location
AMERICAN ST BK OF GRYGLA GRYGLA, MINNESOTA
COMMUNITY BK CORP CHASKA, MINNESOTA
FIRST BK BALDWIN BALDWIN, WISCONSIN
GLACIER BK KALISPELL, MONTANA
GRAND MARAIS ST BK GRAND MARAIS, MINNESOTA
LAKE COUNTY BK SAINT IGNATIUS, MONTANA
SECURITY BK MN ALBERT LEA, MINNESOTA
STATE BK FNCL LA CROSSE, WISCONSIN
STATE BK OF ALCESTER ALCESTER, SOUTH DAKOTA
STATE BK OF TOWNSEND TOWNSEND, MONTANA

* Subject to the provisions of the Community Reinvestment Act

 
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