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 September 18, 2010

Filer Filing Type Filing Proposal End of Comment Period
ALLIANCE BANK SHARES CORPORATION CIC Notice by Shawn Paul Weinand and Linda Lou Weinand, both of Tonka Bay, Minnesota, to acquire control of Alliance Bank Shares Corporation, Andover, Minnesota, and thereby indirectly gain control of 1st Regents Bank, Andover, Minnesota.
Newspaper: Not available
Federal Register: 09/24/2010
AMERICAN BANCORPORATION OF MINNESOTA, INC. CIC Change in Control Notice by Margaret E. Thelen Revocable Trust dated January 5, 2000, Margaret E. Thelen, Trustee, Baxter, Minnesota, individually and as part of a group acting in concert along with John A. Thelen, Jr., Baxter, Minnesota, Nancy M. Shipman, Brainerd, Minnesota, Sharon M. Watland, Baxter, Minnesota, Robert T. Thelen, Baxter, Minnesota, Michael J. Thelen, Nisswa, Minnesota, Kathryn M. Stalheim, Oviedo, Florida, Steven D. Thelen, Tampa, Florida, Luke D. Shipman, Brainerd, Minnesota, Daniel J. Shipman, Brainerd, Minnesota, Elizabeth A. Shipman, Breezy Point, Minnesota, and Adam J. Shipman, Brainerd, Minnesota to retain control of American Bancorporation of Minnesota, Inc., Brainerd, Minnesota, and thereby indirectly retain control of American National Bank of Minnesota, Baxter, Minnesota.
Newspaper: 09/30/2010
Federal Register: 10/01/2010


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 CITIZENS BK OF BUTTE, BUTTE, MONTANA 666358 05/24/2010 09/10/2010 S Small Bank


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