District 9 | Federal Reserve Bank of Minneapolis
Instructions for commenting on applications
Filings received during the week ending June 25, 2022
Filer | Filing Type | Filing Proposal | End of comment period |
---|---|---|---|
215 HOLDING CO. | * 3A3 | 215 Holding Co., Minneapolis, Minnesota to acquire Liberty Financial Services, Inc., and thereby indirectly acquire Liberty National Bank, both of Sioux City, Iowa. | Newspaper: 07/16/2022 Federal Register: 07/18/2022 |
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 |
FRANDSEN BANK & TRUST | * 18C * BRANCH |
Frandsen Bank & Trust, Lonsdale, Minnesota, to merge with Bank of Zumbrota, Zumbrota, Minnesota, and Pine Island Bank, Pine Island, Minnesota (collectively "Target Banks"), and thereby establish branches at the locations of Target Banks' main offices and branches. | Newspaper: Not available Federal Register: Not applicable |
KANDIYOHI BANCSHARES, INC. | CIC | The Alix E. Behm Revocable Living Trust, Alix E. Behm as trustee; and the Kenneth M. Behm Revocable Living Trust, Kenneth M. Behm as trustee, all of Willmar, Minnesota, to join the Behm Family Shareholder Group, a group acting in concert, to acquire voting shares of Kandiyohi Bancshares, Inc., Willmar, Minnesota, and thereby indirectly acquire voting shares of Home State Bank, Litchfield, 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 |
---|---|---|---|---|---|
NONE |
CRA Examinations scheduled
Institution | Location | Quarter |
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NONE |
* Subject to the provisions of the Community Reinvestment Act