District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
| Type | Application | Ending date of comment period |
|---|---|---|
* 18C |
Community Bank, Inc., Ronan, Montana, to merge with Community Bank-Missoula, Inc., Missoula, Montana, and incident thereto, establish three branches in Missoula. |
Newspaper: Not available Federal Register: Not applicable |
* 18C |
Leackco Banking Holding Company, Inc., Wolsey, South Dakota, to acquire 100% of ASB Bank Holding Company, Pierre, South Dakota, and thereby indirectly acquire American State Bank of Pierre, Pierre, South Dakota. In addition, American State Bank of Pierre to merge with ASB Interim Bank, Wessington Springs, South Dakota, and to remain the resultant bank. |
Newspaper: Not available Federal Register: 04/30/2012 |
* Branch |
State Bank Financial, La Crosse, Wisconsin, to establish a branch facility to be located at 3956 and 4020 Mormon Coulee Road, La Crosse, Wisconsin. |
Newspaper: 05/07/2012 Federal Register: Not applicable |
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 |
| Institution | Location |
|---|---|
| None |
* Subject to the provisions of the Community Reinvestment Act