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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