Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 9: Federal Reserve Bank of Minneapolis PDF
Filings received during the week ending September 20, 2025
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| PROFINIUM FINANCIAL HOLDINGS, INC. | Change in Bank Control | The FWK Profinium Stock Trust UAD 4.15.25, Fred W. Krahmer and Michelle Krahmer, as co-trustees, the EIK & MFK Youth Trust, Ronald Kopischke, as trustee, the FCK Profinium Stock Trust UAD 4.15.25, Fred C. Krahmer, as trustee, the MFK Profinium Stock Trust UAD 4.15.25, Fred W. Krahmer and Michelle Krahmer, as co-trustees, the Marital Trust pursuant to Article 6 of the Constance I. Krahmer Revocable Trust, Fred C. Krahmer, as trustee, all of Fairmont, Minnesota; the Fred W. Krahmer Trust pursuant to Article 9 of the Constance I. Krahmer Revocable Trust, Fairmont, Minnesota, Fred W. Krahmer, Fairmont, Minnesota, and Peoples Bank, Rock Valley, Iowa, as co-trustees; the Ryan M. Rivers Trust pursuant to Article 7 of the Constance I. Krahmer Revocable Trust, Peoples Bank, as trustee, the Caitlyn M. Krahmer Trust pursuant to Article 7 of the Constance I. Krahmer Revocable Trust, Peoples Bank, as trustee, the Collin J. Kain Trust pursuant to Article 7 of the Constance I. Krahmer Revocable Trust, Peoples Bank, as trustee, the Ella I. Krahmer Trust pursuant to Article 7 of the Constance I. Krahmer Revocable Trust, Peoples Bank, as trustee, the Max F. Krahmer Trust pursuant to Article 7 of the Constance I. Krahmer Revocable Trust, Peoples Bank, as trustee, all of Rock Valley, Iowa; each to join the Krahmer Family Control Group, a group acting in concert, by retaining voting shares of Profinium Financial Holdings, Inc., Fairmont, Minnesota, and thereby indirectly retaining voting shares of Profinium, Inc., Truman, Minnesota. Fred C. Krahmer and Fred W. Krahmer are members of the Krahmer Family Control Group and were each previously permitted by the Federal Reserve System to acquire control of voting shares of Profinium Financial Holdings, Inc. | 10/07/2025 | Not available |
* Subject to the provisions of the Community Reinvestment Act
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 |
|---|---|---|---|---|---|
| FIRST MT BK, MISSOULA, MONTANA | 613156 | 06/23/2024 | 09/11/2023 | S | Int Small Bank |
| OPPORTUNITY BK OF MT, HELENA, MONTANA | 685676 | 04/29/2024 | 10/24/2022 | O | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||