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 December 5, 2015

Filer Filing Type Filing Proposal End of Comment Period
SARGENT BANKSHARES, INC. CIC Austin D. McLaen and Matthew S. McLaen, both of Forman, North Dakota, to retain voting shares of Sargent Bankshares, Inc., Forman, North Dakota, and thereby remain members of the McLaen family shareholder group, which controls 25% or more of Sargent Bankshares, Inc. and thereby indirectly controls Sargent County Bank, Forman, North Dakota.
Newspaper: Not available
Federal Register: 12/23/2015
STATE BANKSHARES, INC. 4c8 State Bankshares, Inc. of Fargo North Dakota to acquire an additional 51% of Discovery Benefits, Inc. of Fargo North Dakota and thereby engage in trust company functions; financial and investment advisory activities; management consulting and counseling activities; and data processing activities.
Newspaper: Not applicable
Federal Register: 12/28/2015
TRADITION BANCSHARES, INC. 4c8 Tradition Bancshares, Inc., Edina, Minnesota, to acquire 22% of First Lawyers Trust Company, Rapid City, South Dakota.
Newspaper: Not applicable
Federal Register: 12/15/2015
TYSAN CORPORATION, THE CIC James N. Sanders, Plymouth, Minnesota, as managing member of Thanh Van LLC, Minneapolis, Minnesota, (TV LLC), Van Sanders, Plymouth, Minnesota, as managing member of JNS LLC, Minneapolis, Minnesota (JNS LLC), and James N. Sanders and Van Sanders as trustees of The Van Sanders Revocable Trust, Minneapolis, Minnesota, (Trust), to acquire shares and join the Tychman/Sanders Group, which controls 25 percent or more of The Tysan Corporation, Minneapolis, Minnesota, and thereby gain control of Lake Community Bank, Long Lake, Minnesota, and Pine Country Bank, Little Falls, Minnesota.
Newspaper: Not available
Federal Register: 12/15/2015
WEST END FINANCIAL CORP. * 3A3 West End Financial Corp, Ironwood, Michigan, to acquire 100 percent of Gresham Bancshares, Inc., Gresham, Wisconsin, and thereby indirectly acquire State Bank, Gresham, Wisconsin.
Newspaper: Not available
Federal Register: 01/04/2016


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     Quarter of

Institution Location
NONE

* Subject to the provisions of the Community Reinvestment Act

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