Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Filings received during the week ending March 23, 2013

Type Application Ending date of
comment period

CIC

Change in Control Notice by Tina Pogatchnik Rabe, Hinckley, Minnesota, individually and as trustee for the Bruce Pogatchnik Family Trust, Hinckley, Minnesota, and the D.A. Pogatchnik Family Trust, Hinckley, Minnesota; and Bruce Alan Pogatchnik, Finlayson, Minnesota, individually and as trustee for the Dean L. Pogatchnik Grandchildren's Trust, Finlayson, Minnesota, and as part of a group acting in concert with Lowell Pogatchnik, Finlayson, Minnesota, Carol Pogatchnik, Finlayson, Minnesota, D.A. Pogatchnik, Marshall, Minnesota, Dean L. Pogatchnik, Finlayson, Minnesota, and Paula Pogatchnik-Diaz, Wyoming, Minnesota, to retain 25 percent or more of the shares of Finlayson Bancshares, Inc., Finlayson, Minnesota, and thereby indirectly retain control of Northview Bank, Sandstone, Minnesota, and First Independent Bank, Russell, Minnesota.

Newspaper: Not available

Federal Register: Not available

CIC

Change in Control notice by Joseph Robert Dickson III, Citrus Heights, California, David W. Dickson, Northbrook, Illinois, and Samuel J. Dickson, Fairfax, Minnesota, to each retain 25 percent or more of the shares of Fort Ridgely National Bancorporation, Inc., Fairfax, Minnesota, and thereby indirectly retain control of First National Bank of Fairfax, Fairfax, Minnesota.

Newspaper: Not available

Federal Register: 04/01/2013

CIC

The 2012 Jack W. Steele Irrevocable Trust and the 2012 Donna D. Steele Irrevocable Trust ("Trusts"), both of Huron, South Dakota; Preston B. Steele, individually and as trustee of Trusts, and Tasha J. Lee, individually and as trustee of Trusts, both of Huron, South Dakota; and American Bank & Trust, Wessington Springs, South Dakota, as trustee of Trusts, to retain and acquire control of Leackco Bank Holding Company, Inc., Wolsey, South Dakota, and thereby indirectly retain and acquire control of American Bank & Trust, Wessington Springs, South Dakota, and American State Bank of Pierre, Pierre, South Dakota.

Newspaper: Not available

Federal Register: 04/09/2013

4c8*
3A1

MidWest Bancorporation, Inc., Eden Prairie, Minnesota, to become a bank holding company as a result of the proposed conversion of its wholly-owned subsidiary, Star Bank, Bertha, Minnesota, from a federal savings bank to a Minnesota state-chartered commercial bank. Midwest Bancorporation, Inc., Eden Prairie, MN, through Todd County Agency, Inc., Eden Prairie, MN, and its subsidiary West Central Agency, Inc., Graceville, MN, to engage in general insurance agency activities under 225.28(b)(11)(iii)(A) of Regulation Y.

Newspaper: Not available

Federal Register: 04/29/2013

4c8*
3A3

Midwest Bancshares, Inc., Tyndall, South Dakota, to acquire 100 percent of Commercial Bank of Minnesota, Heron Lake, Minnesota. In addition, Midwest Bancshares, Inc., Tyndall, South Dakota, to acquire 100 percent of Risk Management Partners, Inc., Heron Lake, Minnesota, an insurance agency engaged in general insurance agency activities in a town with a population not exceeding 5000.

Newspaper: 04/06/2013

Federal Register: 03/29/2013

CIC

Change in Control notice by the William E. Blomster 2011 Irrevocable Trust, Fairmont, Minnesota, and Mark C. Hooper, as trustee of the Trust, to retain 25 percent or more of the shares of WEB, Inc., Fairmont, Minnesota, and thereby indirectly retain control of State Bank of Fairmont, Fairmont, Minnesota.

Newspaper: Not available

Federal Register: 04/11/2013


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

256553

DACOTAH BK, ABERDEEN, SOUTH DAKOTA

08/13/2012

02/27/2013

O

Large Bank

613156

FIRST MT BK, LIBBY, MONTANA

11/26/2012

03/07/2013

O

Int Sm Bank

624956

VALLEY BK OF RONAN, RONAN, MONTANA

10/22/2012

03/04/2013

O

Small Bank


CRA examinations scheduled for Quarter of

Institution Location

NONE

 


* Subject to the provisions of the Community Reinvestment Act

 
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