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 25, 2006

Filer Filing Type Filing Proposal End of Comment Period
ALERUS FINANCIAL CORPORATION * 3A3 Alerus Financial Corporation, Grand Forks, North Dakota, to acquire 100 percent of Alerus Interim, National Association, Minnetonka, Minnesota, which will be merged with Stanton Trust Company, National Association, and the resulting institution will immediately thereafter be merged into Alerus Financial, National Association, Grand Forks, North Dakota.
Newspaper: 12/02/2006
Federal Register: 12/01/2006
B & E INVESTMENTS, INC., * 3A3 B & E Investments Inc., (State Bank of Arcadia) Employee Stock Ownership Plan & Trust, Arcadia, Wisconsin, and B & E Investments, Inc., Bloomer, Wisconsin, propose to acquire 100% of John O. Melby & Co. Bank, Whitehall, Wisconsin.
Newspaper: 12/08/2006
Federal Register: 12/07/2006
BELLE FOURCHE BANCSHARES, INC. CIC Retroactive notice by the Davis Trusts, trustees Pioneer Bank & Trust, Belle Fourche, South Dakota, and Earl A. Davis, Rapid City, South Dakota; Earl A. Davis individually; the Florence E. Davis Credit Equivalency Trust, trustees Pioneer Bank & Trust, Belle Fourche, South Dakota, and Arthur H. Davis, Rapid City, South Dakota; the EL Davis Trust, trustees Earl A. Davis and Loretta L. Davis, both of Rapid City, South Dakota; Terry C. Davis and Elly R. Davis, both of Fair Oaks, California, a group acting in concert, to gain control of Belle Fourche Bancshares, Inc., Spearfish, South Dakota, and thereby indirectly gain control of Pioneer Bank & Trust, Belle Fourche, South Dakota.
Newspaper: Not available
Federal Register: Not available
FIRST SECURITY BANK OF MISSOULA * 18C
* Branch
First Security Bank of Missoula, Missoula, Montana, to merge with Citizens State Bank of Hamilton, Hamilton, Montana and incident thereto proposes to establish branches at 100 Main Street, Hamilton, Montana, and 297 Woodside Cutoff Road, Corvallis, Montana.
Newspaper: Not available
Federal Register: Not applicable
FRANKLIN BANCORP, INC. DBA SUNRISE COMMUNITY BANKS * 3A5 Franklin Bancorp, Inc., Saint Paul, Minnesota, to acquire 100 percent of University Financial Corp., Saint Paul, Minnesota, and thereby indirectly acquire University National Bank, Saint Paul, Minnesota.
Newspaper: Not available
Federal Register: 12/04/2006
FULL SERVICE INSURANCE AGENCY, INC. CIC Change in control notice by Dennis Duane Haugen, Portland, North Dakota, to acquire 10 percent or more of the shares of Full Service Insurance Agency, Inc., Buxton, North Dakota and thereby indirectly acquire control of First State Bank, Buxton, North Dakota.
Newspaper: 11/24/2006
Federal Register: 11/27/2006
GLACIER BANK * 18C
* Branch
Glacier Bank, Kalispell, Montana to merge with First Citizens Bank, N.A., Columbia Falls, Montana and incident thereto proposes to establish branches at 540 Nucleus, Columbia Falls, Montana and 490 Reserve Drive, Kalispell, Montana.
Newspaper: Not available
Federal Register: Not applicable
KIESTER INVESTMENTS, INC. CIC Change in control notice by Edward Kent Christian, Kiester, Minnesota, Edward T. Christian Revocable Trust, Edward Kent Christian and Edna Christian Co-trustees, Fred Friedrichsen, Glenville, Minnesota, Edna Evelyn Christian, Albert Lea, Minnesota, individually and as a group acting in concert to acquire 25 percent or more of the shares of Kiester Investments, Inc., Kiester, Minnesota and thereby indirectly acquire control of First State Bank of Kiester, Kiester, Minnesota.
Newspaper: 11/22/2006
Federal Register: 11/13/2006
L & M BANCSHARES, INC. CIC Notice by Walter G. Fries, Wabasha, Minnesota; Raymond B. Pinson, Del Ray Beach, Florida; Kenneth D. Myers, Apple Valley, Minnesota; GLA Investments, L.L.C., Lakeville, Minnesota; AMSIE Enterprise, LLC, Minnetonka, Minnesota; Nancy Ludwig and Francis N. Ludwig, Apple Valley, Minnesota; Richard B. Lambert, Jr., Apple Valley, Minnesota; Russell S. Sampson, Prior Lake, Minnesota; Curtis A. Sampson, Hector, Minnesota; Craig Potts, Henderson, Nevada; Brett D. Reese, Northfield, Minnesota; S & L Investments, LLP, Bloomington, Minnesota; Savage Capitalists, LLP, Bloomington, Minnesota; Pershing LLC FBO Richard D. Estenson IRA, Northfield, Minnesota; Charles and Cindy Beske, Lakeville, Minnesota; Brian Bauer, Garvin, Minnesota; and Severson Family Limited Partnership, Lakeville, Minnesota, acting as a group in concert to gain control of L&M Bancshares, Inc., Shakopee, Minnesota, and thereby indirectly gain control of Northwest Community Bank, Champlin, Minnesota.
Newspaper: Not available
Federal Register: Not available
M & H FINANCIAL SERVICES, INC. CIC Change in control notice by Garry D. Peterka, Miller, South Dakota and Dan R. Peterka, Eden Prairie, Minnesota, individually and as part of a group acting in concert with Tom J. Peterka, Miller, South Dakota, Judy K. Dylla, Littleton, Colorado, Jerry A. Peterka, Miller, South Dakota, Kathy A. King, Apple Valley, Minnesota, Marianne D. Peterka, Miller, South Dakota, Gary P. King, Apple Valley, Minnesota, HoniAnn Peterka, Miller, South Dakota, Bernie G. Dylla, Littleton, Colorado, Lori A. Peterka, Miller, South Dakota, Patricia A. Friend Peterka, Eden Prairie, Minnesota, Howard J. Peterka, Miller, South Dakota, Susan A. King Borchardt, Castlerock, Colorado, Stephen J. King, Apple Valley, Minnesota, Brian P. King, Apple Valley, Minnesota, Mark J. Dylla, Littleton, Colorado, Ann M. Dylla, Littleton, Colorado, Jeffery D. Peterka, Eden Prairie, Minnesota, John A. Peterka, Eden Prairie, Minnesota, Kathryn M. Peterka, Eden Prairie, Minnesota, Michael T. Peterka, Miller, South Dakota, David J. Peterka, Miller, South Dakota, Ryan A. Peterka, Miller, South Dakota, Jena N. Peterka, Miller, South Dakota, Adam J. Peterka, Miller, South Dakota, Jordan D. Peterka, Miller, South Dakota, Darin M. Peterka, Miller, South Dakota, and Kristen N. Peterka, Miller, South Dakota to acquire 25 percent or more of the shares of M & H Financial Services, Inc., Miller, South Dakota, and thereby indirectly acquire control of First State Bank of Miller, Miller, South Dakota.
Newspaper: 12/08/2006
Federal Register: 12/15/2006
MARQUETTE FINANCIAL COMPANIES * 3A3 Marquette Financial Companies, Minneapolis, Minnesota, to acquire 100 percent of First Commerce Bank, Corpus Christi, Texas.
Newspaper: Not available
Federal Register: 12/15/2006
THE FIRST NATIONAL BANK IN WADENA EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 4c8
* 3A1
The First National Bank in Wadena Employee Stock Ownership Plan and Trust, Wadena, Minnesota, to become a bank holding company by acquiring 29.6% of the voting shares of FNB Acquisition Holding Corporation, Wadena, Minnesota, which proposes to become a bank holding company by acquiring 100% of The First National Agency of Wadena, Inc., Wadena, Minnesota, and thereby indirectly acquire The First National Bank in Wadena, Wadena, Minnesota. Through The First National Agency of Wadena, Inc., Wadena, Minnesota, applicants propose to engage in insurance agency activities in a town with a population not exceeding 5,000.
Newspaper: 12/18/2006
Federal Register: 12/26/2006
WESTERN SECURITY BANK * 18C
* Branch
Western Security Bank, Billings, Montana, to merge with First Citizens Bank of Billings, Billings, Montana and incident thereto proposes to establish six branches.
Newspaper: Not available
Federal Register: Not applicable


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 First Quarter of 2007 (January 1, 2007 - March 31, 2007)

Institution Location
AMERICAN ST BK OF GRYGLA GRYGLA, MINNESOTA
COMMUNITY BK CORP CHASKA, MINNESOTA
FIRST BK BALDWIN BALDWIN, WISCONSIN
GRAND MARAIS ST BK GRAND MARAIS, MINNESOTA
GRAND RAPIDS ST BK GRAND RAPIDS, MINNESOTA
LAKE COUNTY BK SAINT IGNATIUS, MONTANA
NORTHWESTERN BK CHIPPEWA FALLS, WISCONSIN
ROOT RIVER ST BK CHATFIELD, MINNESOTA
SECURITY BK MN ALBERT LEA, MINNESOTA
STATE BK FNCL LA CROSSE, WISCONSIN
STATE BK OF ALCESTER ALCESTER, SOUTH DAKOTA

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