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 December 2, 2006

Filer Filing Type Filing Proposal End of Comment Period
BELLE FOURCHE BANCSHARES, INC. CIC Retroactive Change in Bank Control notice by Earl A. Davis, Rapid City, South Dakota, individually and as part of a group acting in concert with Davis Trusts, co-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, co-trustees Pioneer Bank & Trust, Belle Fourche, South Dakota, and Arthur H. Davis, Rapid City, South Dakota; the E.L. Davis Trust, co-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, 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: 12/20/2006
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: 12/03/2006
Federal Register: 12/04/2006
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 E. Kent Christian, Kiester, Minnesota, individually and as part of a group acting in concert with the Edward T. Christian Revocable Trust, Albert Lea, Minnesota, co-trustees E. Kent Christian and Edna Christian, Albert Lea, Minnesota, independent trustee Fred Friedrichsen, Glenville, Minnesota, and Edna Christian, individually, 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: 11/27/2006
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, Gary Anderson as general partner; AMSIE Enterprise, LLC, Minnetonka, Minnesota, Donald Eisma as general partner; 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, David Stueve as general partner; Savage Capitalists, LLP, Bloomington, Minnesota, David Stueve as general partner; 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, Larry Severson as general partner, 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
MARQUETTE FINANCIAL COMPANIES * 3A3 Marquette Financial Companies, Minneapolis, Minnesota, to acquire 100 percent of First Commerce Bank, Corpus Christi, Texas.
Newspaper: 12/15/2006
Federal Register: 12/15/2006
MONTANA BUSINESS CAPITAL CORPORATION 4c8
* 3A1
Montana Business Capital Corporation (to be known as Bancorp of Montana Holding Company), Missoula, Montana, to become a bank holding company by acquiring 100 percent of Bank of Montana, Missoula, Montana, a de novo bank. Applicant also requests permission to engage, de novo, in commercial and residential loan origination activities pursuant to section 225.28(b)(1) of Regulation Y.
Newspaper: 12/24/2006
Federal Register: 01/02/2007
NOVA CANADIAN HOLDINGS COMPANY Investment U.S. Bank, N.A., Cincinnati, Ohio, through NOVA Canadian Holdings Company, Minneapolis, Minnesota, an agreement corporation, are proposing to invest in a foreign organization by acquiring 100% of the shares of MBPR Services Inc., San Juan, Puerto Rico, a newly formed company.
Newspaper: Not applicable
Federal Register: Not applicable
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     Quarter of

Institution Location
NONE

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