Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending Saturday, February 4, 2011

Type Application Ending date of
comment period
* 3A1

Corporate Merchant Services Inc., Lake Mary, Florida, to become a bank holding company by acquiring 100 percent of Northern Star Financial Inc., Mankato, Minnesota, and thereby indirectly acquire Northern Star Financial, Inc., Mankato, Minnesota.

Newspaper: Not Available

Federal Register: Not Available

CIC

Change in Control Notice by Bryan Bruns, Annandale, Minnesota, to acquire 10 percent or more of the voting shares of Lake Central Financial, Inc., Annandale, Minnesota, and thereby indirectly gain control of Annandale State Bank, Annandale, Minnesota. In addition, Dwight and Leonetta Bruns, Dean and Cheryl Bruns, and Ricky and Renee Walberg, all of Annandale, Minnesota, to acquire voting shares and thereby join the Bruns Family Group, a group acting in concert, which controls Lake Central Financial, Inc., Annandale, Minnesota.

Newspaper: 02/15/2012

Federal Register: 02/14/2012

* 3A1

MinnDak Bancshares, Inc., Park Rapids, Minnesota, to become a bank holding company by acquiring 100 percent of Kent Bancshares, Inc., Kent, Minnesota, and thereby indirectly acquire Kent State Bank, Kent, Minnesota.

Newspaper: 02/20/2012

Federal Register: 02/21/2012

CIC

Change in control notice by Samuel B. Gault, Saint Peter, Minnesota, and Lisa R. Gault, Chaska, Minnesota, each to acquire 25% or more of the shares of Saint Peter Agency, Inc., Saint Peter, Minnesota, and thereby indirectly acquire control of The Nicollet County Bank of Saint Peter, Saint Peter, Minnesota.

Newspaper: Not Available

Federal Register: 02/07/2012

* 3A3

State Bankshares, Inc., Fargo, North Dakota, to acquire 100% of First Hawley Bancshares, Inc., Hawley, Minnesota, and thereby indirectly gain control of First National Bank, Hawley, Minnesota.

Newspaper: Not Available

Federal Register: 02/21/2012

CIC

Change in Control Notice by Mark L. Hensley, Kalispell, Montana, Daniel J. Hensley, Kalispell, Montana, and Joan C. Hensley Brennan, Kirkland, Washington, as proposed general partners of the Hensley Family Limited Partnership, Kalispell, Montana, to gain control of Valley Bancshares, Inc., Kalispell, Montana, and thereby indirectly gain control of Valley Bank of Kalispell, Kalispell, Montana.

Newspaper: 02/13/2012

Federal Register: 02/13/2012


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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