The Federal Reserve Bank of Minneapolis, links to Minneapolis home page
Public Information Documents

Actions taken by the Federal Reserve Bank of Minneapolis
under delegated authority


Bank Holding Companies
Midwest Bancshares, Inc., Tyndall, South Dakota -- to acquire Commercial Bank of Minnesota, Heron Lake, Minnesota, and to acquire Risk Management Partners, Inc., and thereby engage in general insurance agency activities in a town with a population not exceeding 5,000.
- Approved, April 12, 2013

State Bankshares, Inc., Fargo, North Dakota -- to acquire Business Bancorporation, Inc., Minnetonka, Minnesota, and thereby acquire The Business Bank.
- Approved, February 28, 2013

Lake Shore III Corporation, Glenwood City, Wisconsin -- to become a bank holding company by acquiring Hiawatha National Bank, Hager City.
- Returned, February 14, 2013

First Dakota Financial Corporation, Yankton, South Dakota, and First Dakota National Bank -- waiver of application to acquire Bank 360, Beresford, in connection with its merger with and into First Dakota National Bank, Yankton.
- Granted, January 11, 2013

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Change In Bank Control
Central Trust Company, Edina, Minnesota -- to retain control of Central Trust Company and its subsidiaries, CenBank, Buffalo Lake; Grand Marais State Bank, Grand Marais; and Central Bank and Trust, Lander, Wyoming.
- Permitted, May 10, 2013

Leackco Bank Holding Company, Inc., Wolsey, South Dakota -- change in bank control of Leackco Bank Holding Company and its subsidiaries, American Bank & Trust, Wessington Springs, and American State Bank of Pierre, Pierre.
- Permitted, May 9, 2013

Fort Ridgely National Bancorporation, Inc., Fairfax, Minnesota -- to retain control of Fort Ridgely National Bancorporation and its subsidiary, First National Bank of Fairfax, Fairfax.
- Permitted, May 7, 2013

WEB, Inc., Fairmont, Minnesota -- to retain control of WEB, Inc. and its subsidiary, State Bank of Fairmont, Fairmont.
- Permitted, April 26, 2013

Community Pride Bank Corporation, Ham Lake, Minnesota -- change in bank control of Community Pride Bank Corporation and its subsidiary, Community Pride Bank, Isanti.
- Permitted, April 3, 2013

MPS Investment Company, Appleton, Minnesota -- change in bank control of MPS Investment Company and its subsidiary, Farmers and Merchants State Bank of Appleton, Appleton.
- Permitted, April 2, 2013

Full Service Insurance Agency, Inc., Buxton, North Dakota -- change in bank control of Full Service Insurance Agency and its subsidiary, First State Bank, Buxton.
- Permitted, March 29, 2013

Finlayson Bancshares, Inc., Finlayson, Minnesota -- to retain control of Finlayson Bancshares and its subsidiaries, Northview Bank, Sandstone, and First Independent Bank, Russell.
- Withdrawn, March 22, 2013

N.A. Corporation, Roseville, Minnesota -- change in bank control of N.A. Corporation and its subsidiary, North American Banking Company, Roseville.
- Permitted, March 12, 2013

Underwood Bancshares, Inc., Underwood, Minnesota -- to retain control of Underwood Bancshares and its subsidiary, Farmers State Bank of Underwood, Underwood.
- Permitted, March 8, 2013

Sterling Financial Group, Inc., Rochester, Minnesota -- change in bank control of Sterling Financial Group and its subsidiary, Sterling State Bank, Austin.
- Permitted, March 7, 2013

Plato Holdings, Inc., Saint Paul, Minnesota -- change in bank control of Plato Holdings and its subsidiary, Drake Bank, Saint Paul.
- Permitted, February 21, 2013

Neisen Bancshares, Inc., Watkins, Minnesota -- to retain control of Neisen Bancshares and its subsidiary, Farmers State Bank of Watkins, Watkins.
- Permitted, January 23, 2013


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