District 9 | Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending April 9, 2022
Filer | Filing Type | Filing Proposal | End of comment period |
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BOSSHARD BANCO, LTD. | CIC | Elizabeth Bosshard-Blackey 2022 Irrevocable Bank Trust, u/a/d January 7, 2022, Andrew R. Bosshard, as trustee, both of La Crosse, Wisconsin; and Piercarlo Valdesolo, with power to remove or appoint trustee, Edina, Minnesota; to join a group acting in concert to acquire voting shares of Bosshard Banco, Ltd., La Crosse, Wisconsin, and indirectly acquire voting shares of Intercity State Bank, Schofield, Wisconsin, and The First National Bank of Bangor, Bangor, Wisconsin. | Newspaper: 04/15/2022 Federal Register: 04/21/2022 |
BOSSHARD BANCO, LTD. | CIC | Bosshard Bank Irrevocable Trust, u/a/d October 21, 2021, South Dakota Trust Company LLC, as trustee, both of Sioux Falls, South Dakota; Andrew R. Bosshard, individually and as trust protector, La Crosse, Wisconsin; Nathan Bosshard-Blackey, individually and as investment committee member, Mill Valley, California; and Elizabeth Bosshard-Blackey, individually and as investment committee member, Edina, Minnesota; to join a group acting in concert to acquire voting shares of Bosshard Banco, Ltd., La Crosse, Wisconsin, and indirectly acquire voting shares of Intercity State Bank, Schofield, Wisconsin, and The First National Bank of Bangor, Bangor, Wisconsin. | Newspaper: 04/14/2022 Federal Register: 04/21/2022 |
CHARTER BANK | *Branch | Charter Bank, Eau Claire, Wisconsin to establish a branch at 2789 Commercial Boulevard, Chippewa Falls, Wisconsin, 54729. | Newspaper: Not available Federal Register: Not available |
CLAYTON BANKSHARES, INC. | CIC | Bosshard Bank Irrevocable Trust, u/a/d October 21, 2021, South Dakota Trust Company LLC, as trustee, both of Sioux Falls, South Dakota; Andrew R. Bosshard, individually and as trust protector, La Crosse, Wisconsin; Nathan Bosshard-Blackey, individually and as investment committee member, Mill Valley, California; and Elizabeth Bosshard-Blackey, individually and as investment committee member, Edina, Minnesota; to join a group acting in concert to acquire voting shares of Clayton Bankshares, Inc., and indirectly acquire voting shares of Citizens State Bank-La Crosse, both of La Crosse, Wisconsin; to join a group acting in concert to acquire voting shares of Clayton Bankshares, Inc., and indirectly acquire voting shares of Citizens State Bank-La Crosse, both of La Crosse, Wisconsin. | Newspaper: 04/13/2022 Federal Register: 04/14/2022 |
LAKE SHORE III CORPORATION | *3A3 | Lake Shore III Corporation, Glenwood City, Wisconsin to merge with Headwaters Bancorp, Inc., Land O'Lakes, Wisconsin to acquire control of Headwaters State Bank, Land O'Lakes, Wisconsin. | Newspaper: 04/22/2022 Federal Register: 05/09/2022 |
MORRISTOWN HOLDING COMPANY | CIC | James Kou Vang, West Lakeland, Minnesota, to acquire voting shares, and thereby control of Morristown Holding Company, Excelsior, Minnesota. Morristown Holding Company controls Lake Country Community Bank, Morristown, Minnesota. | Newspaper: Not available Federal Register: Not available |
OLIVER BANCORPORATION, INC. | CIC | Sarah M. Getzlaff, Bismarck, North Dakota, through direct ownership of shares and voting control of shares in the Sarah M. Getzlaff Family Trust, Sioux Falls, South Dakota (trustee South Dakota Trust Company, LLC, Sioux Falls, South Dakota) to acquire voting shares, and thereby control of Oliver Bancorporation, Inc., Center, North Dakota. Oliver Bancorporation, Inc. controls Security First Bank of North Dakota, New Salem, North Dakota. | Newspaper: Not available Federal Register: Not available |
PRAIRIE BANCSHARES CORPORATION | CIC | Brice Kluth, Shelby, Montana; Coby Kluth, Whitefish, Montana; John Byron Love, Kalispell, Montana; and Lisette Pickens, Missoula, Montana; to retain voting shares of Prairie Bancshares Corporation, Shelby, Montana, and thereby indirectly retain voting shares of The First State Bank of Shelby, Shelby, Montana. | Newspaper: 04/20/2022 Federal Register: 04/04/2022 |
SECURITY BANK SHARES, INC. | CIC | The Willard and Geraldine Ogren Revocable Trust (WGO Trust), Iron River, Wisconsin; Greg Ogren, individually and as trustee of the WGO Trust and the Greg Ogren Separate Descendant's Trust, both of Iron River, Wisconsin; Scott Ogren, individually and as trustee of the Scott Ogren Separate Descendant's Trust, both of Iron River, Wisconsin; Mark Ogren, Minnetrista, Minnesota, individually and as trustee of the Mark Ogren Separate Descendant's Trust, Iron River, Wisconsin; and Lori Ogren, Iron River, Wisconsin, as a group acting in concert, to retain voting shares of Security Bank Shares, Inc., Iron River, Wisconsin, and thereby indirectly retain voting shares of Security State Bank, Iron River, Wisconsin, and Security Bank, New Auburn, Wisconsin. | 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 |
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NONE |
CRA Examinations scheduled
Institution | Location | Quarter |
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NONE |
* Subject to the provisions of the Community Reinvestment Act