District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending June 9, 2018
| Filer | Filing Type | Filing Proposal | End of comment period |
|---|---|---|---|
| BANK FORWARD EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST | * 3A3 | Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota, to acquire up to 33% of Security State Bank Holding Company, Fargo, North Dakota, and thereby indirectly increase control of Bank Forward, Hannaford, North Dakota. | Newspaper: 07/01/2018 Federal Register: 06/29/2018 |
| DAKOTA COMMUNITY BANSHARES, INC. | CIC | The JTP Irrevocable Trust, the CLP Irrevocable Trust, the JDP Irrevocable Trust, and the SRM Irrevocable Trust, all of Baldwin, North Dakota, (Trustee, Jay T. Pahlke, Baldwin, North Dakota); for retroactive approval to join the Pahlke family shareholder group that controls 25% or more of Dakota Community Banshares, Inc., Hebron, North Dakota ("DCBI BHC") and thereby indirectly controls Dakota Community Bank & Trust, NA, Hebron, North Dakota ("DCBT Bank"); and the Amber D. Staiger Irrevocable Trust, Hebron, North Dakota and the Ward L. Sayler Irrevocable Trust, Mandan, North Dakota, (Trustee, Amber D. Staiger, Hebron, North Dakota); Dale Sayler, Hebron, North Dakota; Justin D. Sayler, Dickinson, North Dakota; and KerryAnn Thompson, Bismarck, North Dakota; for retroactive approval to join the Sayler family shareholder that controls 25% or more of DCBI BHC and thereby indirectly controls DCBT Bank. | Newspaper: Not available Federal Register: 06/20/2018 |
| FIRST BANCSHARES, INC., OF COLD SPRING | CIC | Notice by John H. Dammermann, Fort Myers, Florida, to acquire control of First BancShares, Inc. of Cold Spring, Cold Spring, Minnesota, and thereby indirectly acquire control of Granite Community Bank, Cold Spring, 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.
| Institution/Location | RSSD ID | Exam date | CRA public date | CRA rating | Exam method |
|---|---|---|---|---|---|
| NONE | |||||
CRA Examinations scheduled
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||
* Subject to the provisions of the Community Reinvestment Act