District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending February 11, 2017
| Filer | Filing Type | Filing Proposal | End of comment period |
|---|---|---|---|
| AMERI FINANCIAL GROUP, INC. | * 3A3 | Ameri Financial Group, Inc., Stillwater, Minnesota, to acquire 100 percent of First Resource Bank, Lino Lakes, Minnesota. | Newspaper: Not available Federal Register: 02/24/2017 |
| HAZEN BANCORPORATION, INC. | * 3A3 | Hazen Bancorporation, Inc., Hazen, North Dakota, to increase its ownership in North Star Holding Company, Inc., Jamestown, North Dakota, as a result of a stock redemption of North Star Holding Company, and thereby indirectly increase its control of Unison Bank, Jamestown, North Dakota. | Newspaper: Not available Federal Register: 02/14/2017 |
| MCINTOSH COUNTY BANK HOLDING COMPANY, INC. | * 3A3 | McIntosh County Bank Holding Company, Inc., Ashley, North Dakota, to increase its ownership in North Star Holding Company, Inc., Jamestown, North Dakota, as a result of a stock redemption of North Star Holding Company, and thereby indirectly increase its control of Unison Bank, Jamestown, North Dakota. | Newspaper: Not available Federal Register: 02/14/2017 |
| SIGNATURE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST | * 3A1 | Signature Bancshares, Inc., Employee Stock Ownership Plan & Trust, Minnetonka, Minnesota, to become a bank holding company by acquiring 35 percent of Signature Bancshares, Inc., Minnetonka, Minnesota, and thereby indirectly acquire control of Signature Bank, Minnetonka, Minnesota. | Newspaper: 02/25/2017 Federal Register: 03/03/2017 |
| STARION BANCORPORATION | CIC | Franklin G. Larson Revocable Trust, Franklin G. Larson Trustee, Valley City, North Dakota, Mary JoAndrea Larson Revocable Trust, Mary JoAndrea Larson Trustee, Valley City, North Dakota, Mary JoAndrea Larson Irrevocable Spousal Trust, Franklin G. Larson, Trustee, Valley City, North Dakota, Scott M. Larson, Stillwater, Oklahoma, Wyatt Larson Irrevocable Trust, Scott Larson Trustee, Stillwater, Oklahoma, Michael J. Larson, Fargo, North Dakota, Heidi J. Barranger, Zephyr Cove, Nevada, Nicholas Barranger, Fountain Hills, Arizona, Michelle Larson, Bismarck, North Dakota, Paige Larson 2015 Irrevocable Trust 1, First Lawyers Trust Company Joel Black trustee, Rapids City, South Dakota, and Annika Larson 2015 Irrevocable Trust 1, First Lawyers Trust Company Joel Black trustee, to retain shares and thereby join the Larson Family Group, that controls through the Larson Family Stock Transfer Agreement, 25 percent or more of the shares of Starion Bancorporation, Bismarck, North Dakota, and thereby indirectly controls Starion Bank, Bismarck, North Dakota. | Newspaper: Not available Federal Register: 02/23/2017 |
| STATE BANK OF BOTTINEAU HOLDING COMPANY | CIC | Change in control notice by Patrick Artz, Richard Kornkven, and Monte Mikkelsen, all of Bottineau, North Dakota, to each acquire 10% or more of the shares of State Bank of Bottineau Holding Company, Bottineau, North Dakota, and thereby indirectly gain control of Sate Bank of Bottineau, Bottineau, North Dakota | Newspaper: Not available Federal Register: Not available |
| STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN | * 3A3 | Stearns Financial Services, Inc., Employee Stock Ownership Plan, Saint Cloud, Minnesota, to retain and acquire additional stock and increase its ownership interest up to 23.594% of Stearns Financial Services, Inc., Saint Cloud, Minnesota, and thereby indirectly increase its control of Stearns Bank National Association, Saint Cloud, Minnesota, Stearns Bank of Upsala, National Association, Upsala, Minnesota, and Stearns Bank of Holdingford, National Association, Holdingford, Minnesota. | Newspaper: Not available Federal Register: Not available |
| WADENA BANKSHARES, INC. | * 18C * 3A3 |
Wadena Bankshares Inc., Wadena, Minnesota, to acquire 100% of FNB Acquisition Holding Corporation, Wadena, Minnesota. In addition, Wadena State Bank, Wadena, Minnesota, to merge with The First National Bank in Wadena, Wadena, Minnesota, and incident thereto, establish a branch. | Newspaper: Not available Federal Register: 2/27/2017 |
| WEST END FINANCIAL CORP. | * 3A3 | West End Financial Corp, Ironwood, Michigan, to acquire 100 percent of Ewen Bancshares, Inc., Ewen, Michigan, and thereby indirectly acquire State Bank of Ewen, Ewen, Michigan. | Newspaper: Not available Federal Register: 03/03/2017 |
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.
| Institution/Location | RSSD ID | Exam date | CRA public date | CRA rating | Exam method |
|---|---|---|---|---|---|
| NONE | |||||
CRA Examinations scheduled for Quarter of
| Institution | Location | ||||
|---|---|---|---|---|---|
| NONE | |||||
* Subject to the provisions of the Community Reinvestment Act