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 26, 2026
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| DARWIN BANCSHARES, INC. | Change in Bank Control | Michael Johnson, Litchfield, Minnesota, to acquire voting shares of Darwin Bancshares, Inc. ("Company"), and thereby indirectly acquire voting shares of Perennial Bank ("Bank"), both of Darwin, Minnesota. Additionally, Jeb Johnson, New London, Minnesota; Max Johnson, Darwin, Minnesota; Josh Johnson, Darwin, Minnesota; Zachary Johnson, Grove City, Minnesota; Bryce Johnson, Darwin, Minnesota; Chad Johnson, Monticello, Minnesota; Rachael Larson, St. Cloud, Minnesota; and Krysta Roemeling, Avon, Minnesota; to join the Johnson Family Control Group, a group acting in concert, to retain voting shares of Company, and thereby indirectly retain voting shares of Bank. | 10/10/2026 | 10/15/2026 |
| LAKE ELMO BANCSHARES, INC. | Change in Bank Control | Rachel Elizabeth Bonsall, New York City, New York, to join the Raleigh Family Shareholder Group, a group acting in concert, to retain voting shares of Lake Elmo Bancshares, Inc. and thereby indirectly retain voting shares of Lake Elmo Bank both of Lake Elmo, Minnesota. | Not available | Not available |
| OAKWOOD BANK | Membership | Oakwood Bank, Pigeon Falls, Wisconsin, to become a member of the Federal Reserve System. | Not applicable | Not applicable |
* 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 |
|---|---|---|---|---|---|
| NORTH AMER BKG CO, ROSEVILLE, MINNESOTA | 2631846 | 10/13/2025 | 06/09/2025 | S | Int Small Bank |
| SECURITY FNCL BK, DURAND, WISCONSIN | 450959 | 11/10/2025 | 05/05/2025 | O | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||