District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending April 2, 2016
| Type | Application | Ending date of comment period |
|---|---|---|
| * 3A1 | Ameri Financial Group, Inc., Stillwater, Minnesota, to become a bank holding company by acquiring 100 percent of Eagle Valley Bank, National Association, Saint Croix Falls, Wisconsin. |
Newspaper: Not available Federal Register: 04/15/2016 |
| CIC | Theodore J. Hofer Family Trust, Freeman, South Dakota (Emily M. Hofer, Freeman, South Dakota, Trustee), and Emily M. Hofer, individually and as trustee of the Theodore J. Hofer Family Trust and the Cynthia L. Hofer Living Trust, Freeman, South Dakota, to retain 25 percent or more of the shares of H & W Holding Company, Freeman, South Dakota, and thereby indirectly retain control of Merchants State Bank, Freeman, South Dakota. |
Newspaper: Not available Federal Register: Not available |
| CIC | Jan Stroup, Minneapolis, Minnesota, to retain control of 25 percent or more of the shares of McLean Bank Holding Company, Garrison, North Dakota, and thereby indirectly retain control of Bank of Turtle Lake, Turtle Lake, North Dakota; Garrison State Bank and Trust, Garrison, North Dakota; and Farmers Security Bank, Washburn, North Dakota. In addition, Mary Jean Korsmo, Minneapolis, Minnesota, to retain shares of McLean Bank Holding Company, and thereby join the Jan Stroup family shareholder group which controls 25 percent or more of the shares of McLean Bank Holding Company. |
Newspaper: 04/07/2016 Federal Register: 04/19/2016 |
| * 18C *Branch |
Peoples State Bank of Plainview, Plainview, Minnesota, to merge with Altura State Bank, Altura, Minnesota, and incident thereto, establish a branch. |
Newspaper: Not available Federal Register: Not applicable |
| CIC | Change in Control Notice by Ernest E. Erickson, Page, North Dakota, to acquire 25 percent or more of the shares of Quality Bankshares, Inc., Page, North Dakota, and thereby indirectly gain control of Quality Bank, Fingal, North Dakota. |
Newspaper: Not available Federal Register: 04/07/2016 |
| 4c8 * 3A5 * 18C *Branch |
United Bankers' Bancorporation, Inc., Bloomington, Minnesota, to merge with Bankers Bancshares, Inc., Worthington, Ohio, and thereby indirectly acquire, Great Lakes Bankers Bank, Worthington, Ohio. In addition, United Bankers' Bank, Bloomington, Minnesota, intends to merge with Great Lake Bankers Bank, Worthington, Ohio, and United Bankers' Bancorporation, Inc., Bloomington, Minnesota, to acquire 100 percent of Great Lakes Banc Consulting, Inc., Worthington, Ohio, and thereby engage, in permissible non-banking activities. |
Newspaper: Not available Federal Register: 05/02/2016 |
| CIC | Change in Control Notice by James Poepl, Hastings, Minnesota, Jacob Poepl, Hastings, Minnesota and Matthew Poepl, St Paul, Minnesota to retain and acquire shares of Vermillion Bancshares, Inc., Vermillion, Minnesota, and thereby join the Poepl Family Group that controls 100 percent of the shares of Vermillion Bancshares, Inc, Vermillion, Minnesota and thereby indirectly controls Vermillion State Bank, Vermillion, Minnesota. |
Newspaper: Not available Federal Register: 04/15/2016 |
| CIC | Change in Control Notice by Mark Saliterman, Minnetonka, Minnesota, Michael Morton, Shorewood, Minnesota, Christopher Morton, Chanhassen, Minnesota, Lorilee Morton Wright, Shorewood, Minnesota, and Julianne Morton Samuelson, Chanhassen, Minnesota, to acquire shares of Vision Bancshares, Inc., Saint Louis Park, Minnesota, and thereby indirectly gain control of Vision Bank, Saint Louis Park, Minnesota. |
Newspaper: Not available Federal Register: Not available |
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