Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Filings received during the week ending July 27, 2013

Type Application Ending date of
comment period

CIC

Retroactive notice by Charlotte Aldinger and Jeri Haberstroh, both of Mott, North Dakota, as trustees/administrators of the Commercial Bank of Mott Employee Stock Ownership Plan, Mott, North Dakota ("ESOP"), to retain control of ESOP and thereby indirectly retain control of Commercial Bank of Mott, Mott, North Dakota.

Newspaper: 07/10/2013

Federal Register: 07/08/2013

* 3A5
* 18C
* Branch

Dacotah Banks, Inc., Aberdeen, South Dakota, to merge with Donnelly Bancshares, Inc. and thereby indirectly acquire United Farmers and Merchants State Bank, both of Morris, Minnesota. In addition, Dacotah Bank, Aberdeen, South Dakota, to merge with United Farmers and Merchants State Bank and, incident thereto, establish branches at 4 Atlantic Avenue, Morris, Minnesota, and 209 South Main Street, Chokio, Minnesota.

Newspaper: Not available

Federal Register: 08/09/2013

CIC

Retroactive notice by Barbara Carlson, Sauk Centre, Minnesota, individually to retain 10 percent or more of the voting shares of DuBois Bankshares, Inc., Sauk Centre, Minnesota. Sarah Beuning, Springfield, Illinois, Steven Beuning, Edina, Minnesota, and Eric Beuning, Scott Beuning, and Tyler Carlson, all of Sauk Centre, Minnesota, to retain control of DuBois Bankshares, Inc., Sauk Centre, Minnesota, and thereby remain members of the Carlson/Beuning family shareholder group, which controls 25 percent or more of DuBuois Bankshares, Inc., Sauk Centre, Minnesota. And Mary Jeanne Woodward, Sartell, Minnesota, Lisa DuBois Schmitze and John DuBois, both of Sauk Centre, Minnesota, to retain control of the voting shares of DuBois Bankshares, Inc., and thereby remain members of the Margaret DuBois Family Sharesholder group, which controls 25 percent or more of DuBois Bankshares, Inc., thereby controls First State Bank of Sauk Centre, Sauk Centre, Minnesota.

Newspaper: Not available

Federal Register: 07/30/2013

CIC

Change in Control notice by Peter F. Lindholm, Long Lake, Minnesota, individually and as trustee of Peter F. Lindholm 2012 Irrevocable Trust, to retain 25 percent or more of the shares of Maple Banc Shares, Inc., Maple Plain, Minnesota, and thereby indirectly retain control of Bank of Maple Plain, Maple Plain, Minnesota.

Newspaper: Not available

Federal Register: 07/11/2013

CIC

Retroactive change in control notice by Carla A. Blumberg, St.Paul, Minnesota, to retain 25% or more of the shares of Park Bank Corporation of Duluth, Duluth, Minnesota, and thereby indirectly retain control of Park State Bank, Duluth, Minnesota.

Newspaper: Not available

Federal Register: 07/17/2013


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

NONE

 

 

 

 

 


CRA examinations scheduled for Quarter of

Institution Location

NONE

 


* Subject to the provisions of the Community Reinvestment Act

 

Contact Federal Reserve Consumer Help to file a complaint against a bank or obtain additional information on mortgages, deposit accounts and other banking-related topics - offsite.

Federal Reserve Financial Services

Partnership for Progress is a Federal Reserve System program created to preserve and promote minority-owned institutions and enhance their ability to thrive in an increasingly competitive banking environment - offsite