Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending Saturday, May 19, 2012

Type Application Ending date of
comment period

* 18C
* Branch

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

* 3A1

Retroactive application by King Kalispell, LLC, to remain a bank holding company by continuing to control King Family GNB, L.P. and King Family VB, L.P. and thereby indirectly control each of Great Northern Bancshares, Inc. and Valley Bancshares, Inc., all of Kalispell, Montana. King Family GNB, L.P., to remain a bank holding company by continuing to control Great Northern Bancshares, Inc. King Family VB, L.P., to remain a bank holding company by continuing to control Valley Bancshares, Inc. Great Northern Bancshares, Inc., controls Three Rivers Bank of Montana, Kalispell, Montana, and Valley Bancshares, Inc., controls Valley Bank of Kalispell, Kalispell, Montana.

Newspaper: Not available

Federal Register: 06/14/2012

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






Small Bank

CRA examinations scheduled for Second Quarter of 2012 (April 1, 2012 - June 30, 2012)

Institution Location

* Subject to the provisions of the Community Reinvestment Act

Latest Articles

Contact Federal Reserve Consumer Help to file a complaint against a bank or obtain additional information on mortgages, deposit accounts and other banking-related topics - offsite.

Federal Reserve Financial Services

Partnership for Progress is a Federal Reserve System program created to preserve and promote minority-owned institutions and enhance their ability to thrive in an increasingly competitive banking environment - offsite