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Applications Bulletin
District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Applications and notifications filed during the week ending May 21, 2011
| Type | Application | Ending date of comment period |
|---|---|---|
| *18C *Branch |
First Western Bank & Trust, Minot, North Dakota, to merge with First Western Bank & Trust, Eden Prairie, Minnesota, and incident thereto proposes to establish a branch at 100 Prairie Center Drive, Eden Prairie, Minnesota. |
Newspaper: Not available Federal Register: Not applicable |
| *3A5 | Leackco Bank Holding Company, Inc., Wolsey, South Dakota, to acquire 100 percent of Kingsbury Bank Holding Company, De Smet, South Dakota, and thereby indirectly acquire Peoples State Bank, De Smet, South Dakota |
Newspaper: Not available Federal Register: 06/06/2011 |
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 Third Quarter of 2011 (July 1, 2011 - September 30, 2011)
| Institution | Location |
|---|---|
| Belt Valley Bank | Belt, Montana |
| Community Resource Bank | Northfield, Minnesota |
| First Intrst Bank | Billings, Montana |
| Kanabec State Bank | Mora, Minnesota |
| Merchants State Bank | Freeman, South Dakota |
| Northwestern Bank | Chippewa Falls, Wisconsin |
| Security Fncl Bank | Durand, Wisconsin |
| United Bkr Bank | Bloomington, Minnesota |
* Subject to the provisions of the Community Reinvestment Act
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