District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending February 16, 2019
| Filer | Filing Type | Filing Proposal | End of comment period |
|---|---|---|---|
| BANKSHARES OF HAWLEY, INC. | CIC | Change in Control Notice by the Paul T. Tellefson Family Trust under the Last Will and Testament of Paul T. Tellefson dated March 6, 1996, and its trustee Bruce Tellefson, both of Fargo, North Dakota, to retain shares of Bankshares of Hawley, Inc., Hawley, Hawley, Minnesota (Company), and thereby join the Tellefson family shareholder control group acting in concert, which controls Company and thereby indirectly controls Valley Premier Bank, Hawley, Minnesota. | Newspaper: Not available Federal Register: 03/06/2019 |
| BOSSHARD BANCO, LTD. | CIC | Change in control notice by the Lindsey Bosshard Irrevocable Trust of 2018 and the Alexandra Tana Bosshard Irrevocable Trust of 2018, both of La Crosse, Wisconsin, with Andrew R. Bosshard serving as trustee, to acquire shares of Bosshard Banco, Ltd., La Crosse, Wisconsin and join the Bosshard family shareholder group acting in concert that controls 25 percent or more of the shares of Bosshard Banco, Ltd. and thereby indirectly controls First National Bank of Bangor, Bangor, WI, and Intercity State Bank, Schofield, WI. | Newspaper: Not available Federal Register: 02/27/2019 |
| CITIZENS BANK GROUP, INC. | * 3A3 | Citizens Bank Group, Inc., St. James, Minnesota to acquire 100 percent of The Nicollet County Bank of Saint Peter, St. Peter, Minnesota. | Newspaper: Not available Federal Register: 03/15/2019 |
| FIRST FINANCIAL CORPORATION | CIC | Change in Control Notice by Katherine Burgum Itterman, Fargo, North Dakota, and Fred J. Williams III, Fargo, North Dakota, as trustee of the Fred J. Williams III 2012 GST Trust, Fargo, North Dakota, each to acquire 25 percent or more of the shares of First Financial Corporation, and thereby indirectly acquire control of Bank North, both of Arthur, North Dakota. | Newspaper: 02/06/2019 Federal Register: 02/19/2019 |
| NATCOM BANCSHARES,INC. | CIC | Change in Control Notice by Mark A. Manion; the 2016 Mark A. Manion and Shelly M. Manion Joint Revocable Trust - Bank Stock (and its trustees Mark A. Manion and Shelly M. Manion); John Manion; Mary Jo Manion; and Gerald J. Manion; all of Superior, Wisconsin, to retain, as a group acting in concert, 25% or more of the shares and thereby control of NATCOM Bancshares, Inc., Superior, Wisconsin (NATCOM), and thereby indirectly retain control of National Bank of Commerce, Superior, Wisconsin. NATCOM also controls Republic Bancshares, Inc. Duluth, Minnesota, and it subsidiary bank, Republic Bank, Duluth, Minnesota. | Newspaper: 02/18/2019 Federal Register: 02/27/2019 |
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