Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Filings received during the week ending February 16, 2013

Type Application Ending date of
comment period


Change in Control notice by Richard Lee Newman, Mayville, North Dakota, to acquire 25 percent or more of the shares of Full Service Insurance Agency Inc., Buxton, North Dakota, and thereby indirectly gain control of First State Bank, Buxton, North Dakota.

Newspaper: Not available

Federal Register: 03/05/2013


Change in Control notice by Andrew W. Schmidt and Edward K. Massee, both of Appleton, Minnesota, to acquire shares of MPS Investment Company, Appleton, Minnesota, and thereby join the Schmidt Family Group and the Massee Family Group, respectively, which control MPS Investment Company, Appleton, Minnesota, and indirectly control Farmers and Merchants State Bank of Appleton, Minnesota.

Newspaper: 02/26/2013

Federal Register: 03/11/2013

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







CRA examinations scheduled for Quarter of

Institution Location



* Subject to the provisions of the Community Reinvestment Act

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