District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending November 21, 2015
| Type | Application | Ending date of comment period |
|---|---|---|
|
* 3A5 |
Darwin Bancshares, Inc., Darwin, Minnesota, to merge with Winthrop Bancshares, Inc., Winthrop, Minnesota, and thereby indirectly acquire Winthrop State Bank, Winthrop, Minnesota.
|
Newspaper: Not available Federal Register: 11/30/2015 |
|
CIC |
Change in Control Notice by the 2015 Grandchildren's Fidelity Trust under Agreement dated February 24, 2015, Paul Bennett Lewis and Russell Craig Flom as co-trustees, of the "Grandchildren's Fidelity Trust", to acquire 25 percent or more of the shares of Fidelity Holding Company, Minnetonka, Minnesota, and thereby indirectly gain control of Fidelity Bank, Edina, Minnesota.
|
Newspaper: 11/13/2015 Federal Register: 11/12/2015 |
| CIC | Change in Control notice by Colter Cumin, Deer Lodge, Montana, to acquire 25 percent or more of the shares of First Security Group, Deer Lodge, Montana, and thereby indirectly gain control of First Security Bank Deer Lodge, Deer Lodge, Montana. |
Newspaper: 12/01/2015 Federal Register: 11/24/2015 |
| CIC | Change in Control Notice by Debra J. Erickson, Lakeland Shores, Minnesota, individually and as co-trustee of the Bank Stock Family Trust Created Under the David B. Erickson Revocable Trust dated May 12, 2010, Hudson, Wisconsin (Gary D. Vander Vorst, Hudson, Wisconsin, Co-Trustee), to acquire 28.79% or more of Freedom Bancorporation, Inc.("Freedom BC"), Lindstrom, Minnesota, and thereby indirectly gain control of Lake Area Bank, Lindstrom, Minnesota. Additionally, the Descendants Separate Trust CLE Irrev Tr FBO DBE FBO Ashley B. Erickson, the Descendants Separate Trust CLE Irrev Tr FBO DBE FBO Bradley D. Erickson, and the Descendants Separate Trust CLE Irrev Tr FBO DBE FBO Grady L. Erickson, all of Hudson, Wisconsin (Gary D. Vander Vorst, trustee of the trusts), to retain shares of Freedom BC and thereby remain members of the Erickson Family Shareholder Group, which controls Freedom BC. |
Newspaper: 12/01/2015 Federal Register: 12/03/2015 |
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 |
|---|---|---|---|---|---|
|
945950 |
GRAND MARAIS ST BK, GRAND MARAIS, MINNESOTA |
07/27/2015 |
11/02/2015 |
S |
Small Bank |
CRA examinations scheduled for Quarter of
| Institution | Location |
|---|---|
|
AMERICAN FSB |
HELENA, MONTANA |
|
FIRST INTRST BK |
BILLINGS, MONTANA |
|
FRANDSEN B&T |
LONSDALE, MINNESOTA |
|
PLAZA PARK ST BK |
WAITE PARK, MINNESOTA |
* Subject to the provisions of the Community Reinvestment Act