District 9 | Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending August 8, 2020
Filer | Filing Type | Filing Proposal | End of comment period |
---|---|---|---|
FIRST HOLDING COMPANY OF PARK RIVER, INC | 4c8 | First Holding Company of Park River, Inc., Park River, North Dakota; to indirectly retain voting shares of AccuData Services, Inc., through its subsidiary bank, First United Bank, both of Park River, North Dakota, pursuant to Section 225.28(b)(14)(i) of Regulation Y. | Newspaper: Not applicable Federal Register: 08/26/2020 |
FRANDSEN BANK & TRUST | * 18C * Branch |
Frandsen Bank & Trust, Lonsdale, Minnesota, to merge with Peoples Bank Midwest, Hayward, WI, and incident thereto, establish branches. | Newspaper: Not available Federal Register: Not applicable |
GOOSE RIVER HOLDING COMPANY | CIC * Branch |
Change in Control notice by The Williams Family Goose River Trust, Casselton, North Dakota (sole trustee, James L. Williams III, Casselton, North Dakota) to acquire 10% or more of the voting shares of Goose River Holding Company, Mayville, North Dakota ("Company"), and thereby join the Williams Family Group, a group acting in concert which controls 25% or more of Company. Company controls The Goose River Bank, Mayville, North Dakota. | 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 |
---|---|---|---|---|---|
NONE |
CRA Examinations scheduled
Institution | Location | Quarter | |||
---|---|---|---|---|---|
NONE |
* Subject to the provisions of the Community Reinvestment Act