Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 9
Federal Reserve Bank of: Minneapolis

Filings received during the week ending January 6, 2007

Filer Filing Type Filing Proposal End of Comment Period
FIRST NATIONAL FINANCIAL SERVICES INC. * 3A3 First National Financial Services, Inc., Elk River, Minnesota to acquire 100 percent of Maple Lake Bancorporation, Edina, Minnesota and thereby indirectly acquire Security State Bank of Maple Lake, Maple Lake, Minnesota.
Newspaper: 01/08/2007
Federal Register: 01/08/2007
FIRST SLEEPY EYE BANCORPORATION, INC. * 3A3 First Sleepy Eye Bancorporation, Inc., Sioux Falls, South Dakota to acquire 100 percent of Lake Benton Bancorporation, Inc., Sioux Falls, South Dakota and thereby indirectly acquire First Security Bank-Lake Benton, Lake Benton, Minnesota.
Newspaper: 01/13/2007
Federal Register: 01/16/2007
MAHNOMEN BANCSHARES, INC. CIC Notice by Harley Allen Hanson, Mahnomen, Minnesota, to gain control of Mahnomen Bancshares, Inc., Mahnomen, Minnesota, and thereby indirectly gain control of First National Bank in Mahnomen, Mahnomen, Minnesota.
Newspaper: 01/11/2007
Federal Register: 01/08/2007
MCVILLE FINANCIAL SERVICES, INC. CIC Notice by Dan L. Rorvig, McVille, North Dakota; Teresa L. Rorvig, McVille, North Dakota; Robert J. Fossum, Forest River, North Dakota; and Troy D. Olson, Cooperstown, North Dakota, acting as a group in concert to gain control of McVille Financial Services, Inc., McVille, North Dakota, and thereby indirectly gain control of Mcville State Bank, McVille, North Dakota.
Newspaper: Not available
Federal Register: 01/16/2007


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
SUPERIOR BK, SUPERIOR, WISCONSIN 960159 09/25/2006 01/02/2007 S Small Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco