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 February 1, 2014

Filer Filing Type Filing Proposal End of Comment Period
AUGUSTA FINANCIAL CORPORATION CIC The Ardath K. Solsrud 2012 Irrevocable Trust dated December 28, 2012, Robb B. Kahl, trustee, and The Glenn A. Solsrud 2012 Irrevocable Trust dated December 28, 2012, Robb B. Kahl, trustee, to each acquire 25% or more of the shares of Augusta Financial Corporation, Augusta, Wisconsin and thereby gain control of Unity Bank, Augusta, Wisconsin.
Newspaper: Not available
Federal Register: 02/06/2014
CAPRICE CORPORATION CIC The Ardath K. Solsrud 2012 Irrevocable Trust dated December 28, 2012, Robb B. Kahl, trustee, and The Glenn A. Solsrud 2012 Irrevocable Trust dated December 28, 2012, Robb B. Kahl, trustee, to each acquire 25% or more of the shares of Caprice Corporation, Augusta, Wisconsin, and thereby gain control of Unity Bank North, Red Lake Falls, Minnesota.
Newspaper: Not available
Federal Register: 02/06/2014
CITIZENS COMMUNITY BANCORP, INC. * 3A1 Citizens Community Bancorp Inc., Eau Claire, Wisconsin, to become a bank holding company by acquiring 100 percent of Citizens Community Federal National Association, Altoona, Wisconsin. Citizens Community Federal intends to convert from a federal savings bank to a national charter and be renamed Citizens Community Federal National Association.
Newspaper: Not available
Federal Register: Not available
LAKE CRYSTAL BANCORPORATION, INC. CIC Notice by The Lantz Bank Stock Trust, Lake Crystal, Minnesota, and Mr. Matthew W. Lantz, as trustee, and individually, Lake Crystal, Minnesota, to retain 25% or more of the shares of Lake Crystal Bancorporation, Inc., Lake Crystal, Minnesota, and thereby indirectly retain control of MinnStar Bank National Association, Lake Crystal, Minnesota.
Newspaper: Not available
Federal Register: Not available
MINNESOTA COMMUNITY BANCSHARES, INC. * 3A1 Minnesota Community Bancshares, Inc., Minneapolis, Minnesota, to become a bank holding company by acquiring 100 percent of Hartland Bancshares, Inc., Hartland, Minnesota, which owns Farmers State Bank of Hartland, Hartland, Minnesota.
Newspaper: Not available
Federal Register: Not available
SAINT CLAIR AGENCY, INC. CIC Change in Control notice by Robert Kruse, Saint Clair, Minnesota, and William Miller, Saint Peter, Minnesota, to each acquire control of 25% or more of the shares of Saint Clair Agency, Inc., Saint Clair, Minnesota, and thereby control Saint Clair State Bank, Saint Clair, Minnesota.
Newspaper: 02/10/2014
Federal Register: 02/12/2014
STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN * 3A3 Stearns Financial Services, Inc., Employee Stock Ownership Plan, Saint Cloud, Minnesota, to retain and acquire additional stock and increase its ownership interest up to a maximum of 26% of Stearns Financial Services, Inc., Saint Cloud, Minnesota, and thereby indirectly increase its control of Stearns Bank National Association, Saint Cloud, Minnesota, Stearns Bank of Upsala, National Association, Upsala, Minnesota, and Stearns Bank of Holdingford, National Association, Holdingford, Minnesota.
Newspaper: Not available
Federal Register: 02/27/2014


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
CITIZENS B&TC, BIG TIMBER, MONTANA 657758 10/07/2013 01/17/2014 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