District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending March 23, 2019
| Filer | Filing Type | Filing Proposal | End of comment period |
|---|---|---|---|
| BOSSHARD BANCO, LTD. | CIC | Change in control notice by Joseph W. Bosshard, Boulder, Colorado, Makenzie B. Bosshard, Minneapolis, Minnesota, Carlista M. Bosshard, Auburn, Alabama, and John Bosshard, Chicago, Illinois, for approval to retain shares of Bosshard Banco, Ltd., La Crosse, Wisconsin (Bosshard Banco) and join the Bosshard Family Group that controls Bosshard Banco. In addition, Andrew R. Bosshard, La Crosse, Wisconsin; to acquire additional shares and retain control of Bosshard Banco. Bosshard Banco controls First National Bank of Bangor, Bangor, Wisconsin, and Intercity State Bank, Schofield, Wisconsin. | Newspaper: Not available Federal Register: 04/12/2019 |
| CITIZENS COMMUNITY BANCORP, INC. | * 3A3 | Citizens Community Bancorp, Inc., Eau Claire, Wisconsin, to acquire 100 percent of F. & M. Bancorp. of Tomah, Inc., and thereby indirectly acquire Farmers & Merchants Bank, both of Tomah, Wisconsin. | Newspaper: 04/21/2019 Federal Register: 04/19/2019 |
| SECURITY STATE BANCSHARES OF BEMIDJI, INC. | 4c8 | Retroactive notice by Security State Bancshares of Bemidji, Inc., Bemidji, Minnesota, to engage, de novo, in extending credit and servicing loans | Newspaper: Not applicable Federal Register: 04/03/2019 |
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