Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Filings received during the week ending December 28, 2013

Type Application Ending date of
comment period


Dawn Crane, Fosston, Minnesota, individually and as trustee, and Lorri Skeie-Campbell, Rio Rancho, New Mexico, individually and as trustee, to retain and acquire 25% or more of the shares of Financial Services of Winger, Inc., Winger, Minnesota ("FSWI"), and thereby indirectly retain and acquire control of Ultima Bank Minnesota, Winger, Minnesota. Also, Dawn M. Skeie Crane Irrevocable Trust, Winger, Minnesota, Dawn Crane, co-trustee, and Lorri J. Skeie-Campbell Irrevocable Trust, Winger, Minnesota, Lorri Skeie-Campbell, co-trustee, to retain voting shares of FSWI and thereby remain members of the Skeie family shareholder group, which controls 25% or more of FSWI.

Newspaper: Not available

Federal Register: 01/09/2014


Change in Control notice by Mary Kathryn Fleming, Shorewood, Wisconsin, to retain control of 10% or more of the shares of Headwaters Bancorp, Inc., Land O' Lakes, Wisconsin and thereby control Headwaters Bank, Land O' Lakes, Wisconsin. Jerry L. Olk, Land O' Lakes, Wisconsin, individually and as trustee, Jerry L. Olk Revocable Trust, Land O'Lakes, Wisconsin, Thomas L. Olk, Steven Point, Wisconsin, individually and as trustee, Elise E. Olk, Stevens Point, Wisconsin, individually and as trustee, Thomas L. & Elise E. Olk Revocable Trust, Stevens Point, Wisconsin, Susan Joanne Olk, San Francisco, California, individually and as trustee, Susan Joanne Olk Revocable Trust, San Francisco, California, R. Joseph Olk Irrevocable Trust, James Fogle, trustee, both of St. Louis, Missouri, Hilary Olk Dutcher, St. Louis, Missouri, Nathaniel Wood Olk, Chesterfield, Missouri, and Molly Wellborn Olk, Boulder, Colorado to acquire or retain shares of Headwaters Bancorp., Inc., Land O' Lakes, Wisconsin, and thereby become or remain members of the Olk family control group which control 25% or more of the shares of Headwater Bancorp., Inc., Land O' Lakes, Wisconsin.

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







CRA examinations scheduled for Quarter of

Institution Location



* Subject to the provisions of the Community Reinvestment Act

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