Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Filings received during the week ending May 4, 2013

Type Application Ending date of
comment period


Big Sky Holding Company, Stanford, Montana to acquire 100% of N.B. Matthews Insurance Agency, Stanford, Montana, and thereby indirectly engage in insurance agency activities, in a place with a population not exceeding 5,000.

Newspaper: Not applicable

Federal Register: Not applicable


Change in Control Notice by William P. Von Holtum, Edina, Minnesota, individually and as trustee of the voting trust of the John E. Von Holtum Estate, Edina, Minnesota, to retain control of 25% or more of Central Trust Company, Edina, Minnesota, and thereby indirectly retain control of Central Bank and Trust, Lander, Wyoming; CenBank, Buffalo Lake, Minnesota; and VH Bancorporation, Inc., Edina, Minnesota, which owns Grand Marais State Bank, Grand Marais, Minnesota. In addition, Megan E. Von Holtum and Christopher J. Von Holtum, both of Edina, Minnesota, to join the Von Holtum Family Group, which owns 25% or more of the shares of Central Trust Company.

Newspaper: 04/26/2013

Federal Register: 04/22/2013


Change in Control notice by Connie Jean Lonneman, Adrian, Minnesota, individually and as proposed co-trustee to acquire control of the First State Bank Southwest 2010 Amended and Restated KSOP Plan and Trust, and thereby acquire 25 percent or more of the shares of First Rushmore Bancorporation, Inc., Worthington, Minnesota, which controls First State Bank Southwest, Pipestone, Minnesota.

Newspaper: Not available

Federal Register: 05/15/2013

* 3A1

Lake Shore III Corporation, Glenwood City, Wisconsin, to become a bank holding company by acquiring 100 percent of Hiawatha National Bank, Hager City, Wisconsin.

Newspaper: Not available

Federal Register: 06/03/2013


Change in control notice by James Day, Menahga, Minnesota, and Justin Day, Menahga, Minnesota, to each retain 25% or more of the voting shares of Menahga Bancshares, Inc., Menahga, Minnesota, and thereby indirectly retain control of First National Bank of Menahga & Sebeka, Menahga, Minnesota.

Newspaper: 05/07/2013

Federal Register: 05/01/2013


Thomas W. Armstrong, Park Falls, Wisconsin, and Bradley A. Trimner, Park Falls, Wisconsin, individually and as Co-Trustees of the Arnold J. Stueber, Sr Revocable Trust, Park Falls, Wisconsin, and the Sadie A. Stueber Revocable Trust, Park Falls, Wisconson, and Mary Luethmers, Park Falls, Wisconsin, individually, to each retain control of 25% or more of the shares of Park Falls Agency, Inc., Park Falls, Wisconsin, and thereby indirectly retain control of The First National Bank of Park Falls, Park Falls, Wisconsin.

Newspaper: 04/24/2013

Federal Register: 05/06/2013


Notice of Change in Control by the Traxshares Trust U/A dated December 5, 2012, ("Trust") and Greg Gerard Traxler, Le Center, Minnesota, individually and as Co-Trustee of the Trust, to retain 25 percent or more of the shares of Traxshares, Inc., Le Center, Minnesota, and thereby indirectly retain control of The First National Bank of Le Center, Le Center, Minnesota.

Newspaper: 05/07/2013

Federal Register: 05/08/2013

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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