Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Filings received during the week ending May 11, 2013

Type Application Ending date of
comment period


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: 05/24/2013

Federal Register: 05/15/2013

* Branch

First Western Bank & Trust, Minot, North Dakota, to establish a branch facility to be located at 2105 16th Street Northwest, Minot, North Dakota.

Newspaper: 05/18/2013

Federal Register: Not applicable

* 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: 05/31/2013

Federal Register: 06/03/2013

* Branch

Security Financial Bank, Durand, Wisconsin, to establish a branch facility to be located at 4217 Southtowne Drive, Eau Claire, Wisconsin.

Newspaper: 05/15/2013

Federal Register: Not applicable

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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