District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending September 15, 2018
| Filer | Filing Type | Filing Proposal | End of comment period |
|---|---|---|---|
| AUGUSTA FINANCIAL CORPORATION | CIC | The following notificants, all of Monona, Wisconsin, each propose to acquire 25 percent or more of Augusta Financial Corporation, Augusta, Wisconsin (?Augusta?), and thereby gain control of Unity bank, Augusta, Wisconsin (?Unity Bank?), and to acquire 25 percent or more of Caprice Corporation, Augusta, Wisconsin (?Caprice?), and thereby gain control of Unity Bank North, Red Lake Falls, MN (?Unity Bank North?): Rachel Goodell; Corinne Solsrud; Gregory Solsrud; and Brian K. Solsrud, individually and as trustee of four trusts. Each notificant is part of the Kahl/Solsrud shareholder group acting in in concert which controls Augusta and Caprice and indirectly controls Unity Bank and Unity Bank North. | Newspaper: 09/18/2018 Federal Register: 09/19/2018 |
| CAPRICE CORPORATION | CIC | Brian Solsrud, individually and as trustee of the Descendant's Separate Trust fbo Brian K. Solsrud under the Glenn A. Solsrud Caprice Irrevocable Trust dated December 28, 2012 and the Descendant's Separate Trust fbo Brian K. Solsrud under the Ardath K. Solsrud Caprice Irrevocable Trust dated December 28, 2012, all of North Oaks, Minnesota; and Rachel Goodell, Augusta, Wisconsin; Corinne Solsrud, Mosinee, Wisconsin; and Gregory Solsrud, Dunwoody, Georgia, each individually, to acquire 25 percent of Caprice Corporation, Augusta, Wisconsin, and thereby gain control of Unity Bank North, Red Lake Falls, Minnesota. | Newspaper: 09/18/2018 Federal Register: 09/19/2018 |
| 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: 09/27/2018 Federal Register: 08/27/2018 |
| GNI LLC | * 3A1 | GNI, LLC, New York, New York, to become a bank holding company by acquiring 100 percent of Wall Street Holding Company, Hamilton, North Dakota, and thereby acquire control of Bank of Hamilton, Hamilton, North Dakota. | Newspaper: Not available Federal Register: 09/28/2018 |
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