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 November 24, 2007

Filer Filing Type Filing Proposal End of Comment Period
KLEIN FINANCIAL, INC. * 3A3 Klein Financial, Inc., Chaska, Minnesota, to acquire First Community Bank, Savage, Minnesota.
Newspaper: Not available
Federal Register: 12/20/2007
PRIVATE BANCORPORATION, INC. CIC Notice by Richard Tucker Plumstead Revocable Trust, Richard Tucker Plumstead as trustee and individually; Richard Tucker Plumstead IRA; Vicki L. Turnquist Revocable Trust, Vicki L. Turnquist as trustee and individually; Vicki L. Turnquist IRA; and Vicki L. Turnquist Simplified Employee Pension Plan; all of Minneapolis, Minnesota, as a group acting in concert, to retain 10 percent or more of the shares of Private Bancorporation, Inc., Minneapolis, Minnesota, and thereby indirectly retain control of Private Bank Minnesota, Minneapolis, Minnesota.
Newspaper: 12/01/2007
Federal Register: 12/10/2007


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
FIRST INTRST BK, BILLINGS, MONTANA 659855 06/04/2007 11/08/2007 O Large Bank
KANABEC ST BK, MORA, MINNESOTA 705958 07/30/2007 11/20/2007 S Small Bank


CRA Examinations scheduled for First Quarter of 2008 (January 1, 2008 - March 31, 2008)

Institution Location
AMERICAN BK SAINT PAUL, MINNESOTA
CITIZENS ST BK OF ONTONAGON ONTONAGON, MICHIGAN
FARMERS ST BK OF MADELIA MADELIA, MINNESOTA
FIRST NB OF LEWISTOWN LEWISTOWN, MONTANA
FIRST ST BK SOUTHWEST PIPESTONE, MINNESOTA
FIRST WESTERN BK EDEN PRAIRIE, MINNESOTA
PEOPLES BK WI HAYWARD, WISCONSIN
PLAZA PARK ST BK WAITE PARK, MINNESOTA
RIDGEDALE ST BK MINNETONKA, MINNESOTA

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