Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Filings received during the week ending September 21, 2013

Type Application Ending date of
comment period

* 3A1

American Heritage Holding Company, Saint Cloud, Minnesota, to become a bank holding company by acquiring 100 percent of American Heritage National Bank, Long Prairie, Minnesota.

Newspaper: 10/11/2013

Federal Register: 10/16/2013

* 3A3

Forstrom Bancorporation, Inc., Clara City, Minnesota, to acquire 100% of First Bank of Lincoln, Lincoln, Montana.

Newspaper: Not available

Federal Register: 10/16/2013

* 3A1

James M. and Devon J. Goetz Family Trust Four, to acquire 39.53% of Oliver Bancorporation, Inc., Center, North Dakota, and thereby indirectly acquire Security First Bank of North Dakota, New Salem, North Dakota.

Newspaper: Not available

Federal Register: 10/21/2013


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

2631172

STATE BK FNCL, LA CROSSE, WISCONSIN

05/13/2013

09/11/2013

O

Int Sm Bank


CRA examinations scheduled for Quarter of

Institution Location

NONE

 


* Subject to the provisions of the Community Reinvestment Act

 
Latest Articles

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