District 9 | Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending May 21, 2022
Filer | Filing Type | Filing Proposal | End of comment period |
---|---|---|---|
FIRST FINANCIAL CORPORATION | CIC | Dacotah Bank, Aberdeen, South Dakota, to establish a branch at 4302 13th Avenue South, Suite 1, Fargo, North Dakota. | Newspaper: Not available Federal Register: 05/24/2022 |
FIRST WESTERN BANK AND TRUST | * BRANCH | First Western Bank & Trust, Minot, North Dakota, to establish a branch at 1414 12th Avenue North, Fargo, North Dakota. | Newspaper: Not available Federal Register: Not applicable |
PREVAIL MUTUAL HOLDINGS, INC. | * MHC Formation |
Prevail Mutual Holdings, Inc., Medford, Wisconsin, to become a mutual savings and loan holding company, in connection with the reorganization of Prevail Bank, Medford, Wisconsin, from a federal mutual savings bank to a federal stock savings bank. | Newspaper: Not available Federal Register: 06/13/2022 |
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 |
---|---|---|---|---|---|
NONE |
CRA Examinations scheduled for Third Quarter of 2022 (July 1, 2022 - September 30, 2022) and Fourth Quarter of 2022 (October 1, 2022 - December 31, 2022)
Institution | Location | Quarter |
---|---|---|
FIRST PREMIER BK | SIOUX FALLS, SOUTH DAKOTA | Third Quarter of 2022 |
HEARTLAND ST BK | EDGELEY, NORTH DAKOTA | Third Quarter of 2022 |
LIBERTY BK MN | SAINT CLOUD, MINNESOTA | Third Quarter of 2022 |
YELLOWSTONE BK | LAUREL, MONTANA | Third Quarter of 2022 |
FIRST CITIZENS BK OF BUTTE | BUTTE, MONTANA | Fourth Quarter of 2022 |
GRANITE MNT BK | PHILIPSBURG, MONTANA | Fourth Quarter of 2022 |
OPPORTUNITY BK OF MT | HELENA, MONTANA | Fourth Quarter of 2022 |
* Subject to the provisions of the Community Reinvestment Act