Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending November 12, 2011

Type Application Ending date of
comment period

Bitteroot Holding Company, Lolo, Montana, to merge with Ravalli County Bankshares, Inc., Hamilton, Montana, and thereby indirectly acquire Ravalli County Bank, Hamilton, Montana, and, also as a result of the merger, to increase its ownership of West One Bank, Kalispell, Montana, from 34.92% to 63.73%.

Newspaper: 11/28/2011

Federal Register: 12/01/2011


Change in control notice by James E. Gaarder, Ossining, New York, to retain 25% or more of the shares of Citizens State Bancshares, Inc., Lankin, North Dakota, and thereby indirectly retain control of Citizens State Bank of Lankin, Lankin, North Dakota.

Newspaper: Not available

Federal Register: 11/21/2011


Change in Control Notice by the Gregory R. Raymo Revocable Living Trust Agreement, Worthington Minnesota, and Barbara J. Raymo, Worthington, Minnesota, individually and as Co-Trustee, to join the Gregory Raymo family group that currently consists of Gregory Raymo, and the First State Bank Southwest 2010 Amended and Restated KSOP Plan and Trust, Worthington, Minnesota, that controls 25 percent or more of the shares of First Rushmore Bancorporation, Inc., Worthington, Minnesota, and thereby indirectly gain control of First State Bank Southwest, Pipestone, Minnesota.

Newspaper: 11/18/2011

Federal Register: 11/22/2011


Change in control notice by Patrick D. Wenning, and Pilar Wenning, both of Mound, Minnesota, to retain 10 percent or more of the shares of Tradition Bancshares, Inc., Edina, Minnesota, and thereby indirectly retain control of Tradition Capital Bank, Edina, Minnesota.

Newspaper: 11/21/2011

Federal Register: 11/22/2011

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

CRA examinations scheduled for Quarter

Institution Location

* Subject to the provisions of the Community Reinvestment Act

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