Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending August 20, 2011

Type Application Ending date of
comment period
 

None

 


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

274856

CITIZENS ST BK OF ARLINGTON, ARLINGTON, SOUTH DAKOTA

03/28/2011

07/29/2011

S

Small Bank

1003558

GRAND RAPIDS ST BK, GRAND RAPIDS, MINNESOTA

02/28/2011

08/05/2011

S

Small Bank


CRA examinations scheduled for Fourth Quarter of 2011 (October 1, 2011 - December 31, 2011)

Institution Location

CROW RIVER ST BK

DELANO, MINNESOTA

FIRST PREMIER BK

SIOUX FALLS, SOUTH DAKOTA

KANABEC ST BK

MORA, MINNESOTA

NORTHWESTERN BK

CHIPPEWA FALLS, WISCONSIN

PROFINIUM FNCL

TRUMAN, MINNESOTA


* Subject to the provisions of the Community Reinvestment Act

 
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