Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 9
Federal Reserve Bank of: Minneapolis

Filings received during the week ending August 22, 2020

Filer

Filing Type

Filing Proposal

End of Comment Period

CATTAIL BANCSHARES, INC.

CIC

The Ella Elizabeth Meyerson 2008 Irrevocable GST Trust dated December 22, 2008, Atwater, Minnesota; trustees Ella Meyerson and David A. Gutzke, both of Minneapolis, Minnesota; and the Ella E. Meyerson Revocable Trust, u/a/d September 23, 2011 (trustee Ella Meyerson), Minneapolis, Minnesota, to retain and acquire voting shares of Cattail Bancshares, Inc., Atwater, Minnesota ("Cattail"), and thereby join the Meyerson family shareholder group, a group acting in concert, that controls Cattail. Cattail owns Harvest Bank, Kimball, Minnesota, and Citizens State Bank of Waverly (Incorporated), Waverly, Minnesota.

Newspaper:	Not available
Federal Register:	09/10/2020

FRANDSEN BANK & TRUST

* 18C
* Branch

Frandsen Bank & Trust, Lonsdale, Minnesota, to merge with Peoples Bank Midwest, Hayward, WI, and incident thereto, establish branches.

Newspaper:	Not available
Federal Register:	Not applicable

GOOSE RIVER HOLDING COMPANY

CIC

Change in Control notice by The Williams Family Goose River Trust, Casselton, North Dakota (sole trustee, James L. Williams III, Casselton, North Dakota) to acquire 10% or more of the voting shares of Goose River Holding Company, Mayville, North Dakota ("Company"), and thereby join the Williams Family Group, a group acting in concert which controls 25% or more of Company. Company controls The Goose River Bank, Mayville, North Dakota.

Newspaper:	Not available
Federal Register:	08/27/2020

LIBERTY BANK MINNESOTA

* Branch

Liberty Bank Minnesota, Saint Cloud, Minnesota, to establish a branch at 730 Humboldt Drive, Big Lake, Minnesota 55309.

Newspaper:	Not available
Federal Register:	Not applicable

WELCOME BANCSHARES, INC.

4c8

Welcome Bancshares, Inc., Welcome, Minnesota, to engage, de novo, in extending credit and servicing loans.

Newspaper:	Not applicable
Federal Register:	09/08/2020

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 Fourth Quarter of 2020 (October 1, 2020 - December 31, 2020) and First Quarter of 2021 (January 1, 2021 - March 31, 2021)

Institution	Location	Quarter
FRANDSEN B&T	LONSDALE, MINNESOTA	Fourth Quarter of 2020
NORTHWESTERN BK	CHIPPEWA FALLS, WISCONSIN	Fourth Quarter of 2020
STATE SVG BK OF MANISTIQUE	MANISTIQUE, MICHIGAN	Fourth Quarter of 2020
CITIZENS ST BK OF ONTONAGON	ONTONAGON, MICHIGAN	First Quarter of 2021
FIRST ST BK OF MALTA	MALTA, MONTANA	First Quarter of 2021
NORTH AMER BKG CO	ROSEVILLE, MINNESOTA	First Quarter of 2021
PIONEER BK	MAPLETON, MINNESOTA	First Quarter of 2021
SECURITY FNCL BK	DURAND, WISCONSIN	First Quarter of 2021

* Subject to the provisions of the Community Reinvestment Act

District: 9 Federal Reserve Bank of: Minneapolis

Filings received during the week ending August 22, 2020

Availability of CRA Public Evaluations

CRA Examinations scheduled for Fourth Quarter of 2020 (October 1, 2020 - December 31, 2020) and First Quarter of 2021 (January 1, 2021 - March 31, 2021)

District: 9
Federal Reserve Bank of: Minneapolis