District 9 | Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending May 29, 2021
| Filer | Filing Type | Filing Proposal | End of comment period |
|---|---|---|---|
| GEBSCO, INC. | CIC | Daniel J. Heike, Mondovi, Wisconsin; Heidi R. Weber, Mondovi, Wisconsin; Sarah E. Robertson, Eau Claire, Wisconsin; and Frederick Arthur Robertson III Living Trust, Frederick A. Robertson III, as trustee, both of Madison, Wisconsin; to become members of the Heike Family Control Group, a group acting in concert, to retain voting shares of Gebsco, Inc., Mondovi, Wisconsin, and thereby indirectly retain voting shares of Alliance Bank, Mondovi, Wisconsin. | Newspaper: Not available Federal Register: 06/01/2021 |
| RUSHFORD STATE BANCORP, INC. | CIC | James T. Roberton, Ramsey, Minnesota, to retain voting shares of Rushford State Bancorp, Inc., and thereby indirectly retain voting shares of Rushford State Bank, both of Rushford, Minnesota. | Newspaper: Not available Federal Register: Not available |
| SECURITY FINANCIAL BANK | * 18C | Security Financial Bank, Durand, Wisconsin, to merge with Jackson County Bank, Black River Falls, Wisconsin, and incident thereto, establish branches. | Newspaper: Not available Federal Register: Not applicable |
| WNB HOLDING COMPANY | CIC | Elizabeth King Bach Trust under Agreement dated July 19, 2019; E.L. King Jr. Marital Trust FBO E.L. King III; E.L. King Jr. Marital Trust FBO Elizabeth King Bach; E.L. King, Jr. Generation Skip Trust FBO E.L. King III; and E.L. King, Jr. Generation Skip Trust FBO Elizabeth King Bach; all of Winona, Minnesota (WNB Financial, National Association, Winona, Minnesota (Bank), and Kent Gernander, Rushford, Minnesota, are co-trustees for these five trusts); and David King Marital Trust created under the Will dated 3/6/95, Winona, Minnesota (Bank is trustee and Kent Gernander has proxy with power to vote the shares for this trust), to become members of the Gernander group, a group acting in concert, to retain 25% or more of the voting shares of WNB Holding Company, Winona, Minnesota, and thereby indirectly retain voting shares of Bank. | Newspaper: 02/22/2021 Federal Register: 06/16/2021 |
| WNB HOLDING COMPANY | CIC | Daniel King, North Plains, Oregon; Sarah King, Henderson, Nevada; Heather Bach, LaCrosse, Wisconsin; Nicolle Jensen, Santa Fe, New Mexico; Sarah Bach-Lumsden, Winona, Minnesota; and the Frederick R. King Marital Trust U/W and Frederick R. King Family Trust U/W, both of Winona, Minnesota, (WNB Financial, National Association, Winona, Minnesota (Bank) and Elizabeth King Bach, Winona, Minnesota are co-trustees for these two trusts) to become members of the King group, a group acting in concert, to retain 25% or more of the voting shares of WNB Holding Company, Winona, Minnesota, and thereby indirectly retain voting shares of Bank. | Newspaper: 02/22/2021 Federal Register: 06/16/2021 |
| YELLOWSTONE BANK, THE | * 18C * Branch |
The Yellowstone Bank, Laurel, Montana to merge with 1st Bank, Broadus, Montana, and incident thereto, establish branches. | Newspaper: 05/21/2021 Federal Register: Not applicable |
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 |
|---|---|---|
| Institution | Location | Quarter |
| FIRST INTRST BK | BILLINGS, MONTANA | Third Quarter of 2021 |
| MINNESOTA LAKES BK | DELANO, MINNESOTA | Third Quarter of 2021 |
| CHARTER BK | EAU CLAIRE, WISCONSIN | Fourth Quarter of 2021 |
| CITIZENS B&TC | BIG TIMBER, MONTANA | Fourth Quarter of 2021 |
| WELCOME ST BK | WELCOME, MINNESOTA | Fourth Quarter of 2021 |
* Subject to the provisions of the Community Reinvestment Act