District 9 | Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending October 23, 2021
Filer | Filing Type | Filing Proposal | End of comment period |
---|---|---|---|
AMERICAN BANCOR, LTD. | *3A3 | American Bancor, Ltd., Dickinson, North Dakota, to acquire Financial Security Bank, Kerkhoven, Minnesota. | Newspaper: Not available Federal Register: Not available |
INDEPENDENT BANCSHARES, INC. | * 3A3 | Independent Bancshares, Inc., Excelsior, Minnesota to acquire control of State Bank of Wheaton, Wheaton, Minnesota. | Newspaper: Not available Federal Register: Not available |
PEOPLES STATE HOLDING COMPANY | CIC | Robert Raymond Sharkey, Westhope, North Dakota, and Laura Sharkey Rowell, Windermere, Florida, individually and as a group acting in concert, to acquire voting shares of Peoples State Holding Company, and thereby indirectly acquire voting shares of Peoples State Bank, both of Westhope, North Dakota. | Newspaper: Not available Federal Register: Not available |
U.S. BANCORP | * 3A3 | U.S. Bancorp, Minneapolis, Minnesota, to acquire all of the issued and outstanding shares of common stock of MUFG Union Bank, National Association, San Francisco, California, a direct wholly-owned national bank subsidiary of MUFG Americas Holdings Corporation, New York, New York, and an indirect subsidiary of Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan. | Newspaper: 11/06/2021 Federal Register: 11/17/2021 |
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 |
---|---|---|---|---|---|
FARMERS ST BK, VICTOR, MONTANA | 475354 | 05/10/2021 | 10/22/2021 | S | Int Small Bank |
CRA Examinations scheduled
Institution | Location | Quarter |
---|---|---|
NONE |
* Subject to the provisions of the Community Reinvestment Act