District 9 | Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending July 18, 2020
Filer | Filing Type | Filing Proposal | End of comment period |
---|---|---|---|
DCNB HOLDING COMPANY | CIC | Mark R. Law, Sioux Falls, South Dakota, and Susan Berger Law, Oakland, California each individually and together as a group acting in concert, to acquire voting shares of DCNB Holding Company, Clear Lake, South Dakota. DCNB Holding Company controls DNB National Bank, Clear Lake, South Dakota. | Newspaper: 07/14/2020 Federal Register: 07/31/2020 |
SECURITY FINANCIAL SERVICES CORPORATION | * 3A3 | Security Financial Services Corporation, Durand, Wisconsin to acquire Jackson County Bank, Black River Falls, Wisconsin. | Newspaper: 7/25/2020 Federal Register: 08/06/2020 |
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