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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 28, 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 |
| *3A1 | Golden Oak Bancshares, Inc., Sparta, Wisconsin, to become a bank holding company by acquiring 81.5 percent of Park Bank, Holmen, Wisconsin. |
Newspaper: 06/26/2011 Federal Register: Not available |
| *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: 06/04/2011 Federal Register: 06/06/2011 |
| CIC | Change in Control Notice by Marci Johnson Shaw, Fairfield, Montana, to gain control of Teton Bancshares, Inc., Fairfield, Montana, and thereby indirectly gain control of Teton Banks, Fairfield, Montana. |
Newspaper: 06/01/2011 Federal Register: 06/14/2011 |
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 |
|---|---|---|---|---|---|
| FIRST MT BK, LIBBY, MONTANA | 613156 | 11/01/2010 | 05/20/2011 | O | Int Sm Bank |
| STOCKMENS BK, CASCADE, MONTANA | 667252 | 01/10/2011 | 05/02/2011 | S | Small Bank |
CRA examinations scheduled for Quarter
| Institution | Location |
|---|---|
| None |
* Subject to the provisions of the Community Reinvestment Act
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