Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Filings received during the week ending October 20, 2012

Type Application Ending date of
comment period

CIC

Robert B. Flood, Jr., Marquette, Michigan, and Susan Flood-Dziubinski, Crystal Falls, Michigan, each propose to acquire control of 25 percent or more of the shares of C.F.C. Bancorp, Inc., Crystal Falls, Michigan, and thereby indirectly acquire First National Bank of Crystal Falls, Crystal Falls, Michigan. Additionally, these two individuals together with Susan J. Flood Revocable Living Trust, Crystal Falls, Michigan, Susan J. Flood-Dziubinski trustee; Mary Ann Flood Revocable Living Trust, Crystal Falls, Michigan, Robert B. Flood, Jr, and Susan J. Flood-Dziubinski, co-trustees; James Flood, Medford, Wisconsin; Lisa Flood, Marquette, Michigan; Mark A. Flood, Iron Mountain, Michigan; and Mark A. Flood Revocable Trust, Iron Mountain, Michigan, Mark A. Flood trustee as a group acting in concert to acquire 25 percent or more of the shares of C.F.C. Bancorp, Inc.

Newspaper: Not available

Federal Register: 10/30/2012

* 3A3

Cattail Bancshares, Inc., Atwater, Minnesota, to acquire 100 percent of Citizens State Bank of Waverly (Incorporated), Waverly, Minnesota.

Newspaper: Not available

Federal Register: 11/19/2012

* 3A3

Centra Ventures, Inc., Foley, Minnesota, to acquire 100 percent of Richmond Bank Holding Company, Richmond, Minnesota, and thereby indirectly acquire State Bank of Richmond, Richmond, Minnesota.

Newspaper: Not available

Federal Register: 11/19/2012

CIC

Notice of Change in Control by Jill M. Frei Trust, Wagner, South Dakota, to acquire control of Commercial Holding Company, Wagner, South Dakota, and thereby indirectly acquire control of Commercial State Bank of Wagner, Wagner, South Dakota.

Newspaper: Not available

Federal Register: Not available

CIC

Change in Control Notice by Howard J. Rubin, as Trustee of the Jeanie Rae Thorson 2012 Generation Skipping Trust, the Kristi Jo Jacobsen 2012 Generation Skipping Trust, and the Barbara Kay Billings 2012 Generation Skipping Trust, Minneapolis, Minnesota, to acquire 25 percent or more of the shares of First LeRoy BanCorporation, Inc., LeRoy, Minnesota, and thereby indirectly acquire First State Bank Minnesota, LeRoy, Minnesota.

Newspaper: Not available

Federal Register: Not available

* 3A3

Forstrom Bancorporation, Inc., Clara City, Minnesota, to acquire 100 percent of Murdock Bancor, Inc., Mendota Heights, Minnesota, and thereby indirectly acquire First State Bank of Murdock, Murdock, Minnesota.

Newspaper: Not available

Federal Register: 10/29/2012

* 3A3

Independent Bancshares, Inc., Clarkfield, Minnesota, to acquire 100 percent of Security State Bank of Fergus Falls, Fergus Falls, Minnesota.

Newspaper: Not available

Federal Register: Not available

CIC

The Family Trust under the Last Will and Testament of Charles M. Johnson, Sr. dated March 13, 2007 (the "Trust"), and Charles M. Johnson, Jr., individually and as trustee of the Trust, propose to acquire 25 percent or more of the shares of Johnson Bancshares, Inc., Chatfield, Minnesota, and thereby indirectly gain control of Root River State Bank, Chatfield, Minnesota.

Newspaper: 10/23/2012

Federal Register: 11/05/2012

CIC

Retroactive Change in Control Notice by Quoin Financial Bank 401(K) Profit Sharing Plan, Miller, South Dakota (First Bank & Trust, Brookings, South Dakota, trustee; Tom, Jerry, and Garry Peterka with power to vote), and Goodman Group Management Deferred Compensation Rabbi Trust Plan, F/B/O Dan Peterka, Phoenix, Arizona (Wilmington Trust Retirement and Institutional Services Company, Phoenix, Arizona, trustee; Dan Peterka with power to vote), to join the Peterka Family Group which controls 25 % or more of the shares of M & H Financial Services Inc., Miller, South Dakota, and thereby indirectly controls Quoin Financial Bank, Miller, South Dakota.

Newspaper: Not available

Federal Register: 11/02/2012

CIC

Change in Control notice by Brooke L. Distad, Kasson, Minnesota, and Jeffrey C. Palmer, Mantorville, Minnesota, to acquire 25 percent or more of the shares of Palmer Bancshares, Inc., Kasson, Minnesota, and thereby indirectly gain control of Kasson State Bank, Kasson, Minnesota.

Newspaper: Not available

Federal Register: 11/05/2012

CIC

Change in Control Notice by Paul Arnold Domke, Tulare, South Dakota; Rodney Domke, Highmore, South Dakota; Scott Allen Domke, Tulare, South Dakota; and Naomi Ruth Reinhardt, Wessington, South Dakota, to individually and as a group acting in concert, acquire control of Wessington Bankshares, Inc., Wessington, South Dakota, and thereby indirectly acquire control of Heartland State Bank, Redfield, South Dakota.

Newspaper: Not available

Federal Register: 11/06/2012


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 of

Institution Location

NONE

 


* Subject to the provisions of the Community Reinvestment Act

 
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