District 9
Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending November 2, 2019
Filer | Filing Type | Filing Proposal | End of comment period |
---|---|---|---|
FINANCIAL SERVICES OF WINGER, INC. | CIC | Notice by Dawn M. Skeie Crane, trustee of the Dawn M. Skeie Crane GST Trust ("Dawn's Trust"), both of Fosston, Minnesota, to retain control of Financial Services of Winger, Inc. ("Company"), and thereby indirectly retain control of Ultima Bank Minnesota, both of Winger, Minnesota. Also, Dawn's Trust and its trustee, together with Lorri J. Skeie-Campbell, trustee of the Lorri J. Skeie-Campbell GST Trust, both of Corrales, New Mexico, to retain voting shares and thereby join the Skeie family shareholder group acting in concert, which controls Company. | Newspaper: 11/04/2019 Federal Register: 11/04/2019 |
KEWEENAW FINANCIAL CORPORATION | * 3A5 | Keweenaw Financial Corporation, Hancock, Michigan, to merge with North Star Financial Holdings, Inc., and thereby indirectly acquire Main Street Bank, both of Bingham Farms, Michigan. | Newspaper: 11/08/2019 Federal Register: 11/13/2019 |
NAPOLEON BANCORPORATION, INC. | * 3A5 | Napoleon Bancorporation, Inc., Napoleon, North Dakota to merge with Sargent Bankshares, Inc., Forman, North Dakota, and thereby indirectly acquire Sargent County Bank, Forman, North Dakota. | Newspaper: Not available Federal Register: Not available |
OLMSTED BANCORPORATION, INC. | CIC | Change in Control notice by Christian J. Ryan, Byron, Minnesota to gain control of Olmsted Bancorporation, Inc., Byron, Minnesota, and thereby indirectly gain control of First Security Bank, Byron, Minnesota. | Newspaper: Not available Federal Register: Not available |
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 |
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NONE |
CRA Examinations scheduled
Institution | Location | Quarter | |||
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NONE |
* Subject to the provisions of the Community Reinvestment Act