District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending April 23, 2016
Type | Application | Ending date of comment period |
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CIC | Dean M. Wehri, Mott, North Dakota, as a trustee/administrator of the Commercial Bank of Mott Employee Stock Ownership Plan and Trust, to acquire control of Commercial Bank of Mott Employee Stock Ownership Plan and Trust, Mott, North Dakota, and thereby indirectly gain control of Commercial Bank of Mott, Mott, North Dakota. |
Newspaper: 05/04/2016 Federal Register: 05/05/2016 |
* 3A3 | Retroactive notice by The First National Bank of Bemidji ESOP & Trust, Bemidji, Minnesota, to increase its voting ownership of First Bemidji Holding Company, Bemidji, Minnesota, to 36.63 percent, and thereby increase its ownership of The First National Bank of Bemidji, Bemidji, Minnesota. |
Newspaper: Not available Federal Register: Not available |
CIC | The Philip Ray Forstrom 2012 Irrevocable Trust [SLAT-1] under agreement dated December 6, 2012, Henderson, Nevada; Marsha Ann Forstrom, Henderson, Nevada, as co-trustee and individually, and Perry Forstrom, Henderson, Nevada, co-trustee; and the Marsha Ann Forstrom 2012 Irrevocable Trust [SLAT-1] under agreement dated December 26, 2012, Henderson, Nevada, Philip R. Forstrom, Henderson, Nevada, and John Forstrom, Independence, Minnesota, co-trustees, to retain voting shares of Forstrom Bancorporation, Inc., Clara City, Minnesota, and thereby join the Forstrom family shareholder group, which controls 100% of Forstrom Bancorporation, Inc. and thereby indirectly controls Citizens Alliance Bank, Clara City, Minnesota, and First Bank of Lincoln, Lincoln, Montana. |
Newspaper: Not available Federal Register: 04/28/2016 |
4c8 | FS Banco, Inc., Malta, Montana, to engage, de novo, in lending activities, specifically, purchasing over lines and loan participations. |
Newspaper: Not applicable Federal Register: Not applicable |
CIC | Tyler B. Erickson, Bozeman, Montana, the Personal Representative of the Estate of Bruce A. Erickson, to retain voting control of 25 percent or more of the shares of Guaranty Development Company, Livingston, Montana, and thereby indirectly retain control of American Bank, Bozeman, Montana. |
Newspaper: 05/11/2016 Federal Register: 05/09/2016 |
CIC | Douglas M. Taylor Bemidji, Minnesota, individually and as trustee of Citizens State Bank Midwest 401(k) Profit Sharing Plan, Cavalier, North Dakota, and as part of a group acting in concert with the Profit Sharing Plan, Nancy R. Helling, Saint Cloud, Minnesota, and Ramona D. Taylor Vosper, Neche, North Dakota, to acquire 10 percent or more of the shares of Pembina County Bankshares, Ltd., Cavalier, North Dakota, and thereby gain control of Citizens State Bank - Midwest, Cavalier, North Dakota. |
Newspaper: Not available Federal Register: 05/02/2016 |
*Branch | Peoples Bank Midwest, Hayward, Wisconsin, to establish a branch facility to be located at 3585 Highway 61, Vadnais Heights, Minnesota. |
Newspaper: Not available Federal Register: Not applicable |
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 |
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