Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Filings received during the week ending July 7, 2012

Type Application Ending date of
comment period

* 3A1

Beall Bancshares Inc., Velva, North Dakota, to become a bank holding company by acquiring 100 percent of Peoples State Bank of Velva, Velva, North Dakota.

Newspaper: Not available

Federal Register: Not available

 

CIC

Change in control notice by Todd J. Zaun, Sartell, Minnesota, to retain and acquire 25% or more, and Steven M. Zaun, Marina Del Ray, California, to acquire 25% or more of the shares of Eden Valley Bancshares, Eden Valley, Minnesota, and thereby indirectly control State Bank in Eden Valley, Eden Valley, Minnesota.

Newspaper: Not available

Federal Register: 07/25/2012

 

CIC

Notice by Thomas Watson, Grand Forks, North Dakota, as an individual and as trustee of the Bank Forward Employee Stock Ownership Plan, Hannaford, North Dakota ("ESOP"), to gain control of Security State Bank Holding Company, Fargo, North Dakota ("Company"), and thereby indirectly gain control of Bank Forward, Hannaford, North Dakota ("Bank"). Additionally, notice by Thomas Watson, Toby Kommer, Fargo, North Dakota, as trustee of ESOP, and ESOP as a group acting in concert to gain control of Company and thereby indirectly gain control of Bank.

Newspaper: Not available

Federal Register: 07/16/2012

 


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

374653

FIRST PREMIER BK, SIOUX FALLS, SOUTH DAKOTA

01/09/2012

06/25/2012

S

Int Sm Bank

615253

FIRST ST BK OF MALTA, MALTA, MONTANA

03/13/2012

06/28/2012

S

Small Bank


CRA examinations scheduled for Quarter of

Institution Location

NONE

 


* Subject to the provisions of the Community Reinvestment Act

 
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