Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Filings received during the week ending August 10, 2013

Type Application Ending date of
comment period

* 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: 08/02/2013

Federal Register: 08/09/2013

* Branch

First Interstate Bank, Billings, Montana, to establish a branch facility to be located at 830 Shiloh Crossing Boulevard, Billings, Montana.

Newspaper: Not available

Federal Register: Not applicable


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


Change in Control Notice by Jay Charles Erie, Rochester, John Kenneth Erie, Fargo, North Dakota, and Jane Kathryn Erie Moen, Eden Prairie, Minnesota, to retain 10 percent or more of the shares of MEDR Bancshares, Inc., Erskine, Minnesota, and thereby indirectly retain control of American State Bank of Erskine, Erskine, Minnesota.

Newspaper: Not available

Federal Register: Not available

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






Small Bank

CRA examinations scheduled for Quarter of

Institution Location



* Subject to the provisions of the Community Reinvestment Act


President's Speech: Clarifying the Objectives of Monetary Policy

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