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 October 20, 2007

Filer Filing Type Filing Proposal End of Comment Period
COMMERCIAL HOLDING COMPANY CIC Change in control notice by Michael L. Frei, Pickstown, South Dakota to join a group acting in concert by acquiring shares of Commercial Holding Company, Wagner, South Dakota, and thereby indirectly acquiring control of Commercial State Bank, Wagner, South Dakota.
Newspaper: Not available
Federal Register: 10/12/2007
DAIRYLAND BANCORP, INC. * 3A5 Dairyland Bancorp, Inc., Bruce, Wisconsin, to acquire 100 percent of Gilman Corporation, Gilman, Wisconsin, and thereby indirectly acquire State Bank of Gilman, Gilman, Wisconsin.
Newspaper: Not available
Federal Register: 11/05/2007
FIRST INTERSTATE BANCSYSTEM, INC. * 3A3 First Interstate BancSystem, Inc., Billings, Montana, to acquire 100 percent of First Western Bank, Wall, South Dakota, and The First Western Bank of Sturgis, Sturgis, South Dakota.
Newspaper: Not available
Federal Register: 11/13/2007
RAMSEY FINANCIAL CORPORATION AND AFFILIATES EMPLOYEE STOCK OWNERSHIP PLAN * 3A1 Ramsey Financial Corporation and Affiliates Employee Stock Ownership Plan, Devils Lake, North Dakota to become a bank holding company by increasing its ownership of Ramsey Financial Corporation, Devils Lake, North Dakota, to at least 50.7% and thereby indirectly acquire Ramsey National Bank and Trust Company of Devils Lake, Devils Lake, North Dakota.
Newspaper: 11/08/2007
Federal Register: 11/13/2007


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
NONE


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