District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending February 21, 2015
| Type | Application | Ending date of comment period |
|---|---|---|
|
* 3A3 |
American Bancor, Ltd., Dickinson, North Dakota, to acquire 100 percent of United Community Bank of North Dakota, Leeds, North Dakota.
|
Newspaper: Not available Federal Register: 03/20/2015 |
|
CIC |
Change in Control notice by Thomas Lee Loonan, Easton, Minnesota, to acquire 25 percent or more of the shares of Easton Bancshares, Inc., Easton, Minnesota, and thereby indirectly gain control of State Bank of Easton, Easton, Minnesota.
|
Newspaper: 02/25/2015 Federal Register: 02/10/2015 |
|
* 3A1 |
Landmark Investor Group, Inc., Eden Prairie, Minnesota, to become a bank holding company by acquiring 100 percent of Landmark Community Bank, National Association, Isanti, Minnesota.
|
Newspaper: 03/20/2015 Federal Register: 03/20/2015 |
|
CIC |
Change in Control Notice by Waldo Jon Ackerman and Susan Dawn Ackerman, both of Aurora, Colorado; Brad T. Becker, Rochester, Minnesota; Leonard and JoAnn Becker, Bismarck, North Dakota; Jessup DeCook, Byron, Minnesota; Bryan DeCook; Stewartville, Minnesota; and Bryce DeCook, Byron, Minnesota, as a group acting in concert, to acquire 25% percent or more of the shares of Olmsted Holding Corporation and thereby indirectly acquire Olmsted National Bank, both of Rochester, Minnesota.
|
Newspaper: 02/26/2015 Federal Register: 03/04/2015 |
|
CIC |
Change in Control notice by Vance Vinar, Sr., Vance Vinar, Jr., Kaylin Vinar, Jared Vinar, Joey Vinar, Chad Wolff, and Courtney Wolff, all of Faribault, Minnesota, as a group acting in concert to acquire 10 percent or more of the shares of Reliance Bancorporation, Inc., Faribault, Minnesota, and thereby indirectly gain control of Reliance Bank, Faribault, Minnesota.
|
Newspaper: 02/19/2015 Federal Register: 02/20/2015 |
|
CIC |
Change in Control notice by Michael Jeno Paulucci, Palm Coast, Florida, to acquire 25 percent or more of the shares of Republic Bancshares, Inc., Duluth, Minnesota, and thereby indirectly gain control of Republic Bank, Inc., Duluth, Minnesota.
|
Newspaper: Not available Federal Register: 03/11/2015 |
|
4c8 |
SSB, Inc., Manistique, Michigan, through its wholly-owned subsidiary, State Savings Bank of Manistique, Manistique, Michigan, proposes to purchase between 10 and 20 percent of the stock of Lasco Development Corporation, Marquette, Michigan.
|
Newspaper: Not available Federal Register: 03/11/2015 |
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 Quarter of
| Institution | Location |
|---|---|
|
AMERICAN ST BK OF GRYGLA |
GRYGLA, MINNESOTA |
|
CITIZENS ST BK OF ARLINGTON |
ARLINGTON, SOUTH DAKOTA |
|
DACOTAH BK |
ABERDEEN, SOUTH DAKOTA |
|
FIRST BK BALDWIN |
BALDWIN, WISCONSIN |
|
PEOPLES ST BK OF PLAINVIEW |
PLAINVIEW, MINNESOTA |
* Subject to the provisions of the Community Reinvestment Act