District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending December 15, 2018
Filer | Filing Type | Filing Proposal | End of comment period |
---|---|---|---|
FARRAR BERESFORD BANCORPORATION INC. IRREVOCABLE TRUST | SLHC Activity * SLHC Formation * 4c8 * 3A1 |
The Farrar Beresford Bancorporation Inc. Irrevocable Trust and Beresford Bancorporation, Inc. ("Applicants"), both of Britton, South Dakota, to acquire Western Bancshares of Alamogordo, Inc., Carlsbad, New Mexico, and thereby acquire Western Bank, Alamogordo, New Mexico. Applicants will retain their ownership of First Savings Bank, Beresford, South Dakota, and continue to operate a savings and loan association. Applicants will convert back to savings and loan holding companies after the merger of Western Bank into First Savings Bank. In conjunction with their conversion back to savings and loan holding companies, Trust and BBI are filing to retain their current operations. | Newspaper: Not available Federal Register: Not available |
FIRST INTERSTATE BANK | * 18C * Branch |
First Interstate Bank, Billings, Montana, to merge with Idaho Independent Bank, Coeur d'Alene, Idaho, and incident thereto, establish branches. | Newspaper: Not available Federal Register: Not applicable |
FIRST INTERSTATE BANK | * 18C * Branch |
First Interstate Bank, Billings, Montana, to merge with Community 1st Bank, Post Falls, Idaho, and incident thereto, establish branches. | Newspaper: Not available 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 |
---|---|---|
NONE |
* Subject to the provisions of the Community Reinvestment Act