District 9 | Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending May 16, 2020
Filer | Filing Type | Filing Proposal | End of comment period |
---|---|---|---|
CITIZENS BANK HOLDING COMPANY | CIC | Notice by Susan Sayer, Grand Forks, North Dakota, to retain voting shares of Citizens Bank Holding Company, Finley, North Dakota ("Citizens BHC"). Citizens BHC controls Citizens State Bank of Finley, Finley, North Dakota. | Newspaper: Not available Federal Register: 05/28/2020 |
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: 05/22/2020 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: 05/10/2020 Federal Register: 05/19/2020 |
WESTBRAND, INC. | CIC | Retroactive notice by John Hoeven, IV, Bismarck, North Dakota; Marcela Samson, Minot, North Dakota; Marcela Samson and Jack Hoeven Irrevocable Trust, Bismarck, North Dakota (trustee First Western Bank & Trust, Minot, North Dakota - voting of shares controlled by John Hoeven, IV and Marcela Samson); Matthew John Elder, Minot, North Dakota; Alesha M. Bailey, Lakeland, Georgia; Adam Duffis, Long Beach, California; and Austin James Duffis, Huntington Beach, California, to retain shares of Westbrand, Inc., Minot, North Dakota (Westbrand), and thereby join the Hoeven family shareholder group, which controls 25% or more of the shares of Westbrand. Westbrand controls First Western Bank & Trust, Minot, North Dakota and BlackRidgeBANK, Fargo, North Dakota. | Newspaper: Not available Federal Register: 05/28/2020 |
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 | |||
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NONE |
* Subject to the provisions of the Community Reinvestment Act