District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending April 11, 2015
Type | Application | Ending date of comment period |
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CIC |
Beth A. Sparboe Schnell, Hamel, Minnesota, and Garth D. Sparboe, Des Moines, Iowa, each as a personal representative of the Estate of Robert D. Sparboe, individually and as a control group acting in concert, to retain 25 percent or more of the shares CNB Financial Corporation, Litchfield, Minnesota, and thereby indirectly retain control of Center National Bank, Litchfield, Minnesota.
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Newspaper: 04/15/2015 Federal Register: 04/28/2015 |
CIC |
Change in Control notice by Elizabeth J. Hyduke Kelm, Golden Valley, Minnesota, individually and as co-Trustee of a trust benefiting Elizabeth J. Hyduke-Kelm, and Elizabeth J. Hyduke-Kelm as co-Trustee of three family trusts, Minneapolis, Minnesota; and Stephen P. Hyduke, individually and as co-Trustee of a trust benefiting Stephen P. Hyduke, Minneapolis, Minnesota, to each acquire 25% or more of the shares of Duke Financial Group, Inc., Minneapolis, Minnesota, and thereby indirectly gain control of Peoples Bank of Commerce, Cambridge, Minnesota and State Bank of New Prague, New Prague, Minnesota.
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Newspaper: 04/16/2015 Federal Register: 04/17/2015 |
CIC |
Christian David Heitzman, Minneapolis, Minnesota, to retain 25 percent or more of the shares of First BancShares, Inc., of Cold Spring, Cold Spring, Minnesota, and thereby indirectly retain control of Granite Community Bank, Cold Spring, Minnesota.
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Newspaper: Not available Federal Register: 04/30/2015 |
* 3A5 |
Inter-Mountain Bancorp, Inc., Bozeman, Montana, to merge with Teton Bancshares, Inc., Fairfield, Montana, and thereby indirectly acquire Teton Banks, Fairfield, Montana.
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Newspaper: Not available Federal Register:05/01/2015 |
CIC |
Change in Control notice by Eric Ross Allen, Los Angeles, California, to retain 10 percent or more of the shares of Rum River Bancorporation, Inc., Milaca, Minnesota, and thereby indirectly gain control The First National Bank of Milaca, Milaca, Minnesota.
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Newspaper: Not available Federal Register: 04/22/2015 |
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 |
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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