District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending July 9, 2016
Type | Application | Ending date of comment period |
---|---|---|
CIC | Change in Control Notice by Jeffrey A. Fisher, Bigfork, Minnesota, to retain 25 percent or more of the shares of Bigfork Bancshares, Inc., Bigfork, Minnesota, and thereby indirectly retain control of First State Bank of Bigfork, Bigfork, Minnesota. |
Newspaper: Not available Federal Register: Not available |
* 18C *Branch |
Frandsen Bank & Trust, Lonsdale, Minnesota, to merge with Provincial Bank, Lakeville, Minnesota, and incident thereto, establish a branch. |
Newspaper: Not available Federal Register: Not applicable |
* 3A3 | Mackinac Financial Corporation, Manistique, Michigan to acquire 100 percent of Niagara Bancorporation, Inc., Niagara Wisconsin, and thereby indirectly acquire The First National Bank of Niagara, Niagara, Wisconsin. |
Newspaper: Not available Federal Register: 07/23/2016 |
* 3A3 | Uptown Bancorporation, Inc., Britton, South Dakota, to acquire at least 72 percent of First American State Bank, Oldham, South Dakota. |
Newspaper: 07/09/2016 Federal Register: 07/15/2016 |
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 |
---|---|---|---|---|---|
143952 |
FIRST BK BALDWIN, BALDWIN, WISCONSIN |
06/29/2015 |
07/01/2016 |
S |
Small Bank |
CRA examinations scheduled for Quarter of
Institution | Location |
---|---|
NONE |
|
* Subject to the provisions of the Community Reinvestment Act