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 June 3, 2017

Filer Filing Type Filing Proposal End of Comment Period
BANCOMMUNITY SERVICE CORPORATION CIC Change in Control Notice by Mark Edward Davis, Saint Peter, Minnesota, Stanley M. Davis Revocable Trust, Stanley Martin Davis, Trustee, Plymouth, Minnesota, Martin Edward Davis, Excelsior, Minnesota, Mark Mitchell, Davis, Excelsior, Minnesota, as a group acting in concert, to acquire 10% or more of the shares of Bancommunity Services Corporation, Saint Peter, Minnesota, and thereby indirectly gain control of First National Bank Minnesota, Saint Peter, Minnesota.
Newspaper: Not available
Federal Register: 06/19/2017
BANK FORWARD EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST * 3A3 Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota, to acquire up to 30% of Security State Bank Holding Company, Fargo, North Dakota, and thereby indirectly gain control of Bank Forward, Hannaford, North Dakota.
Newspaper: 06/14/2017
Federal Register: 06/30/2017
ELYSIAN, INC. CIC Joel LaFrance, Elysian, Minnesota, to retroactively acquire shares of Elysian Inc., Elysian, Minnesota, and thereby join the group, comprised of Michael LaFrance and Judith LaFrance, both of Elysian, Minnesota, which controls 25% or more of Elysian Inc., Elysian, Minnesota and thereby indirectly controls Elysian Bank, Elysian, Minnesota.
Newspaper: 05/31/2017
Federal Register: 06/07/2017
HERITAGE BANCSHARES GROUP, INC. CIC Change in Control Notice by Thomas William Geiger, Maple Plain, Minnesota, to acquire 10 percent or more of the shares of Heritage Bancshares Group, Inc., Spicer, Minnesota, and thereby indirectly gain control of Heritage Bank, NA, Spicer, Minnesota.
Newspaper: 06/06/2017
Federal Register: 06/19/2017
WASECA BANCSHARES, INC. * 3A5 Waseca Bancshares, Inc., Waseca, Minnesota, to merge with Freedom Bancorporation, Inc., Lindstrom, Minnesota, and thereby indirectly acquire Lake Area Bank, Lindstrom, Minnesota.
Newspaper: 06/26/2017
Federal Register: 06/26/2017


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
FARMERS ST BK, VICTOR, MONTANA 475354 11/28/2016 05/30/2017 S Int Sm Bank


CRA Examinations scheduled for     Quarter of

Institution Location Quarter
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