Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Filings received during the week ending December 3, 2011

Type Application Ending date of
comment period
CIC

Change in Control Notice by the Eugene Joseph Welle Irrevocable HJW Trust, Hugh J. Welle, Trustee, Bemidji, Minnesota, and by Paulette E. Welle, Bemidji, Minnesota, for retroactive permission to join the Welle family shareholder group, which controls 25% or more of First Bemidji Holding Company, Bemidji, Minnesota, and thereby indirectly controls The First National Bank of Bemidji, Bemidji, Minnesota.

Newspaper: Not available

Federal Register: 12/16/2011

CIC

Change in Control Notice by the R. Joseph Olk Revocable Trust Agreement Dated August 1, 2001 ("Trust") to acquire 10% or more of the shares of Headwaters Bancorp, Inc., Land O' Lakes, Wisconsin, which owns Headwaters State Bank, Land O' Lakes, Wisconsin, and to join the Olk Family Group, which controls Headwaters Bancorp, Inc. R. Joseph Olk, M.D., Chesterfield, Missouri, trustee of Trust, to retain control of Headwaters Bancorp, Inc. and thereby indirectly retain control of Headwaters State Bank.

Newspaper: Not available

Federal Register: Not available

CIC

Retroactive change in control notice by Colleen S. Yunker Revocable Trust, Sturgis, Michigan (trustees Jack Steele, Wolsey, South Dakota, and Sturgis Bank and Trust Company, Sturgis, Michigan), to retain 25% or more of the shares of Leackco Bank Holding Company, Inc., Wolsey, South Dakota, and thereby indirectly retain control of American Bank & Trust, Wessington Springs, South Dakota.

Newspaper: 12/06/2011

Federal Register: 12/16/2011

CIC

Change in Control Notice by Danita ("Kita") Louise McVay, Minneapolis, Minnesota, as executor of the M.D. McVay Estate, and Trustee of the Mary M. McVay Family Trust, the Elizabeth McVay Greene Irrevocable Trust, and the Marianna Marcelle Greene Irrevocable Trust, to retain 25% or more of the shares of Minnwest Corporation, Minnetonka, Minnesota. Jenny Lynn Verner, Victoria, Minnesota; Zachary Miller Zacek, Chicago, Illinois; Elizabeth McVay Greene, Brooklyn, New York; and Marianna Marcelle Greene, Minneapolis, Minnesota, to join the McVay Family Group, which controls 25% or more of the shares of Minnwest Corporation, Minnetonka, Minnesota, and thereby indirectly retain control of Minnwest Bank, M.V., Redwood Falls, Minnesota; Minnwest Bank South, Tracy, Minnesota; Minnwest Bank Luverne, Luverne, Minnesota; Minnwest Bank Central, Montevideo, Minnesota; Minnwest Bank Metro, Eagan, Minnesota; and Minnwest Bank Sioux Falls, Sioux Falls, South Dakota.

Newspaper: Not available

Federal Register: 12/09/2011

*3A1

Mountain Iron Holdings, LLC, Buhl, Minnesota, to become a bank holding company by acquiring 100 percent of Timberland Bancorporation, Baxter, Minnesota, and thereby indirectly acquire First National Bank of Buhl, Buhl, Minnesota.

Newspaper: Not available

Federal Register: 01/03/2012


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 Quarter

Institution Location
None  

* Subject to the provisions of the Community Reinvestment Act

 
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