District 9 | Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending May 2, 2020
| Filer | Filing Type | Filing Proposal | End of comment period |
|---|---|---|---|
| DACOTAH BANK | * 18C * Branch |
Dacotah Bank, Aberdeen, South Dakota, to merge with First State Bank of Claremont, Groton, South Dakota, and incident thereto, establish branches. | Newspaper: Not available Federal Register: Not applicable |
| KENSINGTON BANCORP., INC. | CIC | Notice by James Sexton, Scottsdale, Arizona, to retain shares of Kensington Bancorp, Inc., Kensington, Minnesota (KBI) and thereby join the Sexton shareholder group acting in concert, which controls 25% or more of the shares of KBI. KBI controls Kensington Bank, Kensington, Minnesota. | Newspaper: Not available Federal Register: 05/11/2020 |
| WAUMANDEE BANCSHARES, LTD. | * 3A3 | Waumandee Bancshares, Ltd., Waumandee, Wisconsin to acquire voting shares of Union Bank of Blair, Blair, Wisconsin. | Newspaper: Not available Federal Register: 05/19/2020 |
| WESTERN BANCORPORATION, INC. | CIC | The Western National Bank and Affiliates Employee Stock Ownership Plan, Duluth, Minnesota; Stephen H. Lewis, Duluth, Minnesota; and William S. Lewis, Hermantown, Minnesota, as co-trustees, a group acting in concert, to retain control of Western Bancorporation, Inc., Duluth, Minnesota, and thereby indirectly retain control of Western National Bank, Duluth, Minnesota; Cass Lake Company, Cass Lake, Minnesota; and Western National Bank, Cass Lake, Minnesota. | Newspaper: Not available Federal Register: 05/18/2020 |
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