District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending September 9, 2017
| Filer | Filing Type | Filing Proposal | End of comment period |
|---|---|---|---|
| BORDER BANCSHARES, INC. | * 3A3 | Border Bancshares, Inc., Greenbush, Minnesota, to acquire 100 percent of First State Bank of Clearbrook, Clearbrook, Minnesota. | Newspaper: 09/22/2017 Federal Register: 09/13/2017 |
| FARMERS STATE BANK | * Branch | Farmers State Bank, Victor, Montana, to establish a branch facility at 1040 Partridge Place, Suite 6, Helena, Montana. | Newspaper: 09/15/2017 Federal Register: Not applicable |
| OPPORTUNITY BANK OF MONTANA | * Branch | Opportunity Bank of Montana, Helena, Montana, to establish a branch facility to be located at 895 Main Street, Suite 1, Billings, MT | Newspaper: Not available Federal Register: Not applicable |
| PRAIRIE BANCSHARES CORPORATION | 4c8 | Retroactive notice by Prairie Bancshares Corporation, Shelby, Montana, to engage, de novo, in lending activities pursuant to section 225.28(b)(1) of Regulation Y. | Newspaper: Not applicable Federal Register: Not applicable |
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 | Quarter |
|---|---|---|
| NONE | ||
* Subject to the provisions of the Community Reinvestment Act