District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending August 11, 2018
| Filer | Filing Type | Filing Proposal | End of comment period |
|---|---|---|---|
| CITIZENS COMMUNITY BANCORP, INC. | * 3A3 | Citizens Community Bancorp, Inc., Eau Claire, Wisconsin, to acquire 100 percent of United Bank, Osseo, Wisconsin. | Newspaper: 08/25/2018 Federal Register: 08/24/2018 |
| FISHBACK FINANCIAL CORPORATION | CIC | Patricia Fishback, Brookings, South Dakota, individually and as trustee of the Robert E. Fishback GRAT A Trust, Brookings, South Dakota, to retain 10% or more of the shares and thereby control of Fishback Financial Corporation, Brookings, South Dakota (FFC BHC) and thereby indirectly retain control of First Bank & Trust, Brookings, South Dakota (FBT Brookings) and First Bank & Trust, Sioux Falls, South Dakota (FBT Sioux Falls). In addition, Mary Beth Fishback, Brookings, South Dakota and eighteen (18) trusts (with Mary Beth Fishback; Robert Fishback, Thomas Fishback, and Van Fishback, all of Brookings, South Dakota; and Ann Rivlin of Madison, Wisconsin each as trustee of one or more of these trusts), for retroactive approval to join the Fishback family shareholder group that controls 25% or more of FFC BHC and thereby indirectly controls FBT Brookings and FBT Sioux Falls. | Newspaper: Not available Federal Register: 08/27/2018 |
| HERITAGE BANCSHARES GROUP, INC. | CIC | Change in Control Notice by Heritage Bancshares Group, Inc., Employee Stock Ownership Plan and Trust, Spicer, Minnesota ("ESOP"), and Justin Rey, Sioux Falls, South Dakota, individually and as trustee of ESOP, to acquire additional shares of Heritage Bancshares Group, Inc., Spicer, Minnesota, and thereby indirectly acquire control of Heritage Bank, National Association, Spicer, Minnesota. | Newspaper: Not available Federal Register: 08/08/2018 |
| MACKINAC FINANCIAL CORPORATION | * 3A3 | Mackinac Financial Corporation, Manistique, Michigan, to acquire 100 percent of Lincoln Community Bank, Merrill, Wisconsin. | Newspaper: 08/27/2018 Federal Register: 08/23/2018 |
| MidCountry Acquisition Corporation | * SLHC Formation | MidCountry Acquisition Corp., Minneapolis, Minnesota, to become a savings and loan holding company by acquiring 100 percent of MidCountry Bank, Bloomington, Minnesota. | Newspaper: Not available Federal Register: 08/28/2018 |
| N.A. CORPORATION | 4c8 | N.A. Corporation, Roseville, Minnesota to engage in data processing activities through its ownership of a 33 percent voting interest in ExcheQ, LLC, Roseville, Minnesota. | Newspaper: Not applicable Federal Register: Not available |
| PARK FINANCIAL GROUP, INC. | * 3A3 | Park Financial Group, Inc., Minneapolis, Minnesota, to acquire 48.46% of Mesaba Bancshares, Inc., Grand Rapids, Minnesota, and thereby indirectly acquire The Lake Bank, Two Harbors, Minnesota, and American Bank of the North, Nashwauk, Minnesota. In addition, Park Financial Group, Inc., has secured an option to purchase the remaining 51.54% of the voting shares of Mesaba Bancshares, Inc., Grand Rapids, Minnesota. | Newspaper: 08/30/2018 Federal Register: 09/04/2018 |
| PF INVESTORS, INC. | * 3A1 | PF Investors, Inc., Whitehall, Wisconsin, to become a bank holding company by acquiring 100% of PFSB Bancorporation, Inc., Pigeon Falls, Wisconsin, and thereby indirectly acquire Pigeon Falls State Bank, Pigeon Falls, Wisconsin. | Newspaper: 08/10/2018 Federal Register: 08/20/2018 |
| WNB HOLDING COMPANY | 4c8 * 3A3 |
WNB Holding Company, Winona, Minnesota, to acquire 100 percent of First State Bank of Wabasha, Wabasha, Minnesota. WNB Holding Company also to acquire 100 percent of First State Insurance of Wabasha, Inc., Wabasha, Minnesota and thereby indirectly engage in general insurance agency activities in a community that has a population not exceeding 5,000. | Newspaper: 08/17/2018 Federal Register: 08/10/2018 |
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