District 9 | Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending February 20, 2021
Filer | Filing Type | Filing Proposal | End of comment period |
---|---|---|---|
CHEROKEE BANCSHARES, INC. | CIC | Andrew J. Gesell, St. Paul, Minnesota, individually, and as co- trustee of the Bank Share Marital Trust under the R. James Gesell Declaration of Trust dated January 13, 2000 (Bank Share Marital Trust), St. Paul, Minnesota, to retain and acquire additional voting shares of Cherokee Bancshares, Inc. (Cherokee) and thereby indirectly retain and acquire additional voting shares of BankCherokee (Bank), both of St. Paul, Minnesota. Additionally, Bank Share Marital Trust; Charles R. Gesell, Santa Rosa, California, individually, and as trustee of the Charles R. Gesell Trust Declaration under agreement dated December 30, 1999, Santa Rosa, California; and Peter J. Gesell, Duluth, Minnesota individually, and as trustee of the Peter J. Gesell Trust Declaration under agreement dated December 30, 1999, Duluth, Minnesota; to join the Gesell Family Shareholder Group, a group acting in concert, to retain and acquire additional voting shares of Cherokee, and thereby indirectly retain and acquire voting shares of Bank. | Newspaper: Not available Federal Register: Not available |
HAZEN BANCORPORATION, INC. | 4c8 | Hazen Bancorporation, Inc., Hazen, North Dakota, through its subsidiary bank holding company, North Star Holding Company, Inc., and its subsidiary bank, Unison Bank, both of Jamestown, North Dakota, to indirectly retain voting shares of AccuData Services, Inc., Park River, North Dakota, and thereby engage in certain data processing activities pursuant to Section 225.28(b)(14)(i) of Regulation Y. | Newspaper: Not applicable Federal Register: 03/12/2021 |
WNB HOLDING COMPANY | CIC | Notice of Change in Control by Kent A. Gernander, Rushford, Minnesota, individually, and as Trustee with Voting Power for the Elizabeth King Bach Trust under Agreement dated July 19, 2019, Winona, Minnesota, the E.L. King Jr. Marital Trust FBO E.L. King III, Winona, Minnesota, the David King Marital Trust created under the Will dated 3/6/95, Winona, Minnesota, the E.L. King Jr. Marital Trust FBO Elizabeth King Bach, Winona, Minnesota, the E.L. King, Jr. Generation Skip Trust FBO E.L. King III, Winona, Minnesota, and the E.L. King, Jr. Generation Skip Trust FBO Elizabeth King Bach, Winona, Minnesota, as a control group acting in concert, to retain 25% or more of the shares and thereby control of WNB Holding Company, Winona, Minnesota. WNB Holding Company, Winona, Minnesota controls WNB Financial, National Association, Winona, Minnesota. | Newspaper: Not available Federal Register: Not available |
WNB HOLDING COMPANY | CIC | Notice of Change in Control by Daniel C. King, North Plains, Oregon, E.L. King III and Sarah King, both of Coeur d'Alene, Idaho, Heather A. Bach, LaCrosse, Wisconsin, Nicolle N. Jensen, Santa Fe, New Mexico, Sarah E. Bach-Lumsden, Winona, Minnesota, and Elizabeth King Bach, Winona, Minnesota, as trustee of the Frederick R. King Marital Trust U/W, Winona, Minnesota, and as trustee of the Frederick R. King Family Trust U/W, Winona, Minnesota, as a control group acting in concert, to retain 25% or more of the shares and thereby control of WNB Holding Company, Winona, Minnesota. WNB Holding Company, Winona, Minnesota controls WNB Financial, National Association, Winona, Minnesota. | 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 |
---|---|---|---|---|---|
NORTHWESTERN BK, CHIPPEWA FALLS, WISCONSIN | 153054 | 11/02/2020 | 02/15/2021 | S | Int Small Bank |
CRA Examinations scheduled
Institution | Location | Quarter |
---|---|---|
CITIZENS ST BK OF ONTONAGON | ONTONAGON, MICHIGAN | Second Quarter of 2021 |
FARMERS ST BK | VICTOR, MONTANA | Second Quarter of 2021 |
NORTH AMER BKG CO | ROSEVILLE, MINNESOTA | Second Quarter of 2021 |
FIRST INTRST BK | BILLINGS, MONTANA | Third Quarter of 2021 |
MINNESOTA LAKES BK | DELANO, MINNESOTA | Third Quarter of 2021 |
* Subject to the provisions of the Community Reinvestment Act