District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending November 24, 2018
Filer | Filing Type | Filing Proposal | End of comment period |
---|---|---|---|
AMERIPRISE FINANCIAL, INC. | * SLHC Formation | Ameriprise Financial Inc., Minneapolis, Minnesota to become a savings and loan holding company as a result of the proposed conversion of its subsidiary, Ameriprise National Trust Bank, Minneapolis, Minnesota, into a full-service federal savings bank to be named Ameriprise Bank, FSB. | Newspaper: 12/12/2018 Federal Register: 12/14/2018 |
OPPORTUNITY BANK OF MONTANA | * 18C * Branch |
Opportunity Bank of Montana, Helena, Montana, to merge with State Bank of Townsend, Townsend, Montana, and incident thereto, establish branches. | Newspaper: 11/22/2018 Federal Register: Not applicable |
ORVET, INC. | * 3A1 | Orvet, Inc. Minneapolis, Minnesota and Silver Springs Financial Corp, Minneapolis, Minnesota to acquire Lake Country Community Bank, Morristown, Minnesota. | Newspaper: Not available Federal Register: 11/26/2018 |
UNITED BANKERS' BANCORPORATION, INC | 4c8 | United Bankers' Bancorporation, Inc., Bloomington, Minnesota ("UBBI"), to indirectly acquire an interest in ExCheQ, LLC, Roseville, Minnesota, through United Bankers' Bank, Bloomington, Minnesota, UBBI's wholly-owned subsidiary bank. | 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 First Quarter of 2019 (January 1, 2019 - March 31, 2019) and Second Quarter of 2019 (April 1, 2019 - June 30, 2019)
Institution | Location | Quarter |
---|---|---|
FIRST BK BLUE EARTH | BLUE EARTH, MINNESOTA | First Quarter of 2019 |
FIRST INTRST BK | BILLINGS, MONTANA | First Quarter of 2019 |
PROFINIUM | TRUMAN, MINNESOTA | First Quarter of 2019 |
FIRST PREMIER BK | SIOUX FALLS, SOUTH DAKOTA | Second Quarter of 2019 |
PEOPLES ST BK OF PLAINVIEW | PLAINVIEW, MINNESOTA | Second Quarter of 2019 |
ROOT RIVER ST BK | CHATFIELD, MINNESOTA | Second Quarter of 2019 |
STOCKMENS BK | CASCADE, MONTANA | Second Quarter of 2019 |
* Subject to the provisions of the Community Reinvestment Act