Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Filings received during the week ending November 3, 2012

Type Application Ending date of
comment period

CIC

Notice of Change in Control by the Philip G. Amundson 2012 Irrevocable Grantor Trust, Sioux Falls, South Dakota, Matt Amundson, Trustee, Hendricks, Minnesota, Angie Mixner, Trustee, Sioux Falls, South Dakota, and Blair Folkens, Trustee, Brandson, South Dakota, to acquire 25 percent or more of the shares of Beulah Bancorporation, Inc., Sioux Falls, South Dakota, and thereby indirectly acquire control of First Security Bank - West, Beulah, North Dakota, and Valley Bank and Trust, Mapleton, Iowa. In addition, Philip G. Amundson 2012 Irrevocable Grantor Trust and its trustees, propose to join the Amundson Family group, which controls Beulah Bancorporation, Sioux Falls, South Dakota, and thereby indirectly controls, First Security Bank - West, Beulah, North Dakota, and Valley Bank and Trust, Mapleton, Iowa.

Newspaper: Not available

Federal Register: 11/15/2012

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

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: 11/23/2012

Federal Register: 11/19/2012

CIC

Notice of Change in Control by Jill M. Frei Trust, Wagner, South Dakota, (Security National Bank of South Dakota, Dakota Dunes, South Dakota, trustee; Jill M. Frei with power to vote shares), 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: 11/13/2012

CIC

Change in Control Notice by Howard J. Rubin, Minneapolis, Minnesota, 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 (collectively "the three GSTs"), 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. In addition, the three GSTs intend to join the Hanson family shareholder group acting in concert which controls First LeRoy BanCorporation, Inc., and thereby indirectly controls First State Bank Minnesota.

Newspaper: Not available

Federal Register: 11/14/2012

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

* Branch

Profinium Financial to establish a detached facility to be located at 124 East Walnut Street, Suite 320, Mankato, Minnesota.

Newspaper: Not available

Federal Register: Not applicable

CIC

Change in Control Notice by Paul Arnold Domke, Tulare, South Dakota; Rodney Domke, Highmore, South Dakota; Scott Allen Domke, Redfield, 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

475354

FARMERS ST BK, VICTOR, MONTANA

07/09/2012

10/24/2012

S

Int Sm Bank

680457

YELLOWSTONE BK, LAUREL, MONTANA

06/04/2012

10/09/2012

S

Int Sm Bank


CRA examinations scheduled for Quarter of

Institution Location

NONE

 


* Subject to the provisions of the Community Reinvestment Act

 

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Federal Reserve Financial Services

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