District 9 | Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending September 26, 2020
| Filer | Filing Type | Filing Proposal | End of comment period |
|---|---|---|---|
| BANK FORWARD EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST | * 3A3 | Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota, to acquire up to 36% of Security State Bank Holding Company, Fargo, North Dakota, and thereby indirectly increase control of Bank Forward, Hannaford, North Dakota. | Newspaper: Not available Federal Register: 10/26/2020 |
| FIRST WESTERN BANK AND TRUST | * 18C * Branch |
First Western Bank & Trust, Minot, North Dakota, to merge with BlackRidgeBANK, Fargo, North Dakota, and incident thereto, establish branches. | Newspaper: Not available Federal Register: Not applicable |
| KODA BANCOR, INC. | CIC | Peter Anderson, individually and together with Marie Anderson, Karen Schumacher, and Cole Anderson, members of the Anderson Family Group, a group acting in concert, all of Drayton, North Dakota, to retain control of Koda Bancor, Inc., Drayton, North Dakota, and thereby indirectly retain control of KodaBank, Drayton, North Dakota; Wall Street Holding Company, Hamilton, North Dakota; and Bank of Hamilton, Hamilton, North Dakota. | Newspaper: Not available Federal Register: 10/02/2020 |
| KODA BANCOR, INC. | CIC | The KodaBank Employee Stock Ownership Plan, Drayton, North Dakota; Peter Anderson, Drayton, North Dakota; Douglas Taylor; Grand Forks, North Dakota; and Dean Crotty, Bemidji, Minnesota; as trustees, a group acting in concert, to retain control of Koda Bancor, Inc., Drayton, North Dakota, and thereby indirectly retain control of KodaBank, Drayton, North Dakota; Wall Street Holding Company, Hamilton, North Dakota; and Bank of Hamilton, Hamilton, North Dakota. | Newspaper: Not available Federal Register: 10/02/2020 |
| NORTH STAR HOLDING COMPANY, INC | 4c8 | North Star Holding Company, Inc., Jamestown, North Dakota, to indirectly retain voting shares of AccuData Services, Inc., Park River, North Dakota, through its subsidiary bank, Unison Bank, Jamestown, North Dakota, pursuant to Section 225.28(b)(14)(i) of Regulation Y. | Newspaper: Not applicable Federal Register: 10/15/2020 |
| VANGUARD GROUP, INC. | CIC | Change in Control notice submitted by The Vanguard Group, Inc., Malvern, PA, on behalf of itself, its subsidiaries and affiliates (together with The Vanguard Group, Inc., "Vanguard"), and the investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard (the "Vanguard funds"), for the Vanguard funds to increase the aggregate ownership position of the Vanguard funds to more than 15 percent of the common stock of Ameriprise Financial, Inc., Minneapolis, Minnesota, parent of Ameriprise Bank, FSB, Minneapolis, Minnesota. | Newspaper: Not available Federal Register: 10/07/2020 |
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