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 August 2, 2008

Filer Filing Type Filing Proposal End of Comment Period
AMERICAN STATE BANK OF PIERRE * Branch American State Bank, Pierre, South Dakota, to establish a mobile branch facility to be located in Pierre, and Fort Pierre, South Dakota.
Newspaper: Not available
Federal Register: Not applicable
COMMUNITY PRIDE BANK CORPORATION CIC Notice by John Smoluch and Donna Smoluch, both of Coon Rapids, Minnesota to retain and acquire control of Community Pride Bank Corporation, Ham Lake, Minnesota, and thereby indirectly retain and acquire control of Community Pride Bank, Isanti, Minnesota.
Newspaper: 08/18/2008
Federal Register: 08/18/2008
NATCOM BANCSHARES,INC. * 3A5 NATCOM Bancshares, Inc., Superior, Wisconsin, to acquire 100 percent of Superior Bancorporation, Ltd., Superior, Wisconsin, and thereby indirectly acquire Community Bank, Superior, Wisconsin.
Newspaper: 07/30/2008
Federal Register: 08/01/2008
QUALITY BANKSHARES, INC. CIC David Schornack, Perham, Minnesota, individually and as a part of a group acting in concert with Denise Schornack, Perham, Minnesota, Daniel Welter, New York Mills, Minnesota, and Bonnie Welter New York Mills, Minnesota, to acquire control of Quality Bankshares, Inc., Fingal, North Dakota, and thereby indirectly acquire control of Quality Bank, Fingal, North Dakota.
Newspaper: Not available
Federal Register: 08/13/2008
WEST END FINANCIAL CORP. CIC Notice by John Richard Doherty, Oswego, Illinois, to retain 10 percent or more of the shares of West End Financial Corporation, Bessemer, Michigan, and thereby indirectly retain control of Gogebic Range Bank, Bessemer, Michigan.
Newspaper: Not available
Federal Register: 08/06/2008


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