Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Filings received during the week ending November 23, 2013

Type Application Ending date of
comment period

4c8
* 3A3

Choice Financial Holdings, Inc., Grafton, North Dakota, to acquire 100% of Great Plains National Bank, Belfield, North Dakota. Choice Financial Holdings, Inc. also to acquire a 51% interest in Great Plains National Insurance Agency, LLC, LaMoure, North Dakota, and thereby indirectly engage in general insurance agency activities in a community that has a population not exceeding 5,000.

Newspaper: 12/01/2013

Federal Register: 12/06/2013

CIC

The James M. and Devon J. Goetz Family Trust Five, Mandan, North Dakota, to acquire 25 percent or more of the shares of Oliver Bancorporation, Inc., Center, North Dakota, and thereby indirectly gain control of Security First Bank of North Dakota, New Salem, North Dakota.

Newspaper: Not available

Federal Register: 11/26/2013


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 First Quarter of 2014 (January 1, 2014 - March 31, 2014)

Institution Location

FIRST CMNTY BK

GLASGOW, MONTANA

FIRST PREMIER BK

SIOUX FALLS, SOUTH DAKOTA

FLINT CREEK VALLEY BK

PHILIPSBURG, MONTANA

HEARTLAND ST BK

EDGELEY, NORTH DAKOTA

NORTHWESTERN BK

CHIPPEWA FALLS, WISCONSIN

PROFINIUM FNCL

TRUMAN, MINNESOTA

STATE BK OF EWEN

EWEN, MICHIGAN

TETON BKS

FAIRFIELD, MONTANA

WESTERN BK OF WOLF POINT

WOLF POINT, MONTANA


* Subject to the provisions of the Community Reinvestment Act

 
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