Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Filings received during the week ending March 1, 2014

Type Application Ending date of
comment period


Retroactive Change in Control notice by Michael R. Heebink, Baldwin WI, individually and as co-trustee of the Shirley E Heebink Family Trust, and as part of the group acting in concert with the Shirley E Heebink Trust; its co-trustees Shirley E Heebink, Baldwin, WI, and Michael R. Heebink; and Mary Heebink, Baldwin, WI, to retain 10 percent or more of the shares and thereby control of Baldwin Bancshares, Inc., Baldwin, Wisconsin, and thereby the First Bank of Baldwin, Baldwin, Wisconsin. And, a retroactive notice by the Rasmussen Group, which includes Dane L. Rasmussen, Baldwin, WI, the Debra L Rasmussen Irrevocable Trust Dated December 18, 2012, Baldwin, WI (Dane L Rasmussen, trustee); Jack Rasmussen, Baldwin, WI; Emily Shimota, Inver Grove Heights, MN; Sidney Rasmussen, St. Paul, MN; Lynne VanDeelen, Duluth, MN; and Nancy Fox, Maplewood, MN; as a group acting in concert, to retain 10 percent or more of the shares and thereby control of Baldwin Bancshares, Inc., Baldwin, Wisconsin.

Newspaper: 03/12/2014

Federal Register: 03/11/2014


Retroactive change in control notice by the Gordon H. Hoffner 2011 Irrevocable Family Trust, Hazen, North Dakota (the "Trust") and Wayne G. Hoffner, Hazen, North Dakota, individually, and as trustee of the Trust, to retain control of 25% or more of the shares of Union Holding Company, Halliday, North Dakota ("Union"), and thereby indirectly control The Union Bank, Beulah, North Dakota ("Bank"). In addition, Lynette Janelle Bjornson, Mandan, North Dakota, is filing retroactively to retain shares of Union and thereby join the Hoffner family shareholder group that controls 25% or more of Union.

Newspaper: 02/27/2014

Federal Register: 02/27/2014

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

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