District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending February 28, 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.
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Newspaper: Not available Federal Register: 03/20/2015 |
CIC |
Notice of Change in Control by Merchants Financial Group, Inc., Employee Stock Ownership Plan, Winona, Minnesota, to retain 10 percent or more of the voting shares of Merchants Financial Group, Inc., Winona, Minnesota, and thereby indirectly retain control of Merchants Bank, National Association, Winona, Minnesota.
|
Newspaper: Not available Federal Register: Not available |
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 |
* 18C |
Valley Bank of Ronan, Ronan, Montana, to merge with Lake County Bank, Saint Ignatius, Montana, and incident thereto, establish a branch.
|
Newspaper: Not available Federal Register: Not applicable |
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 |
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NONE |
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CRA examinations scheduled for Quarter of
Institution | Location |
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NONE |
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* Subject to the provisions of the Community Reinvestment Act