Actions taken by the Federal Reserve Bank of Minneapolis under delegated authority

Bank Branches, Domestic
The First Bank of Baldwin, Baldwin, Wisconsin -- to establish a branch at 100 Mill Street, Balsam Lake.
- Approved, June 14, 2018
Dakota Western Bank, Bowman, North Dakota -- to establish a branch at 24 Main Avenue South, Regent.
- Approved, March 2, 2018
Farmers State Bank, Victor, Montana -- to establish a branch at 120 Hutton Ranch Road, Kalispell.
- Approved, February 2, 2018
Bank Holding Companies
Park Financial Group, Inc., Minneapolis, Minnesota -- to acquire shares of Mesaba Bancshares, Inc., Grand Rapids, and thereby indirectly acquire The Lake Bank, Two Harbors, and American Bank of the North, Nashwauk.
- Approved, December 7, 2018
Kimberly Leasing Corporation, Augusta, Wisconsin -- to merge with Augusta Financial Corporation, Augusta, and Caprice Corporation, and thereby indirectly acquire Unity Bank and Unity Bank North, Red Lake Falls, Minnesota.
- Approved, November 13, 2018
FSB Holding Company, Inc., Trimont, Minnesota -- to engage de novo in extending credit and servicing loans.
- Approved, September 28, 2018
WNB Holding Company, Winona, Minnesota -- to acquire First State Bank of Wabasha, Wabasha, and First State Insurance of Wabasha, Inc., and thereby indirectly engage in general insurance agency activities.
- Approved, September 14, 2018
Mackinac Financial Corporation, Manistique, Michigan -- to acquire Lincoln Community Bank, Merrill, Wisconsin.
- Approved, September 4, 2018
Citizens Community Bancorp, Inc., Eau Claire, Wisconsin -- to acquire United Bank, Osseo.
- Approved, August 31, 2018
PF Investors, Inc., Whitehall, Wisconsin -- to become a bank holding company by acquiring PFSB Bancorporation, Inc., Pigeon Falls, and thereby indirectly acquiring Pigeon Falls State Bank.
- Approved, August 27, 2018
Border Bancshares, Inc., Greenbush, Minnesota -- to acquire Union Bancshares, Inc., Fargo, North Dakota, and thereby indirectly acquire Union State Bank of Fargo.
- Approved, August 17, 2018
Koda Bancor, Inc., Drayton, North Dakota -- to acquire Citizens Insurance Agency, Inc., Cavalier, and Walhalla Insurance Agency, LLC, Walhalla, from Citizens State Bank Midwest, Cavalier, a wholly owned subsidiary of Koda Bancor.
- Approved, August 16, 2018
Bryant Bancshares, Inc., Bryant, South Dakota -- to acquire Richland State Bank, Bruce.
- Approved, July 30, 2018
First Interstate BancSystem, Inc., Billings, Montana -- to merge with Northwest Bancorporation, Inc., Spokane, Washington, and thereby indirectly acquire Inland Northwest Bank (Inland Bank); and for First Interstate Bank, Billings, to merge with Inland Bank and thereby establish branches.
- Approved, July 25, 2018
Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota -- to acquire shares of Security State Bank Holding Company, Fargo, and thereby indirectly increase its control of Bank Forward, Hannaford.
- Approved, July 5, 2018
Benic Holdings, Inc., Coon Rapids, Minnesota -- to become a bank holding company by acquiring shares of KES Bancshares, Inc., Virginia, and thereby indirectly acquire control of Northern State Bank.
- Approved, June 14, 2018
Security Financial Services Corporation, Durand, Wisconsin -- to acquire Pioneer Acquisition Corporation, Ladysmith, and for Security Financial Bank, Durand, to merge with Pioneer Bank of Wisconsin, Ladysmith, and thereby establish branches.
- Approved, June 7, 2018
Viking Financial Corporation, Alexandria, Minnesota -- to become a bank holding company by acquiring First State Bank of Ashby, Ashby; in connection, to retain ownership of Viking Bank, Alexandria, and thereby engage in operating a savings association.
- Approved, May 11, 2018
Choice Financial Holdings, Inc., Fargo, North Dakota -- to acquire Venture Bank, Bloomington, Minnesota.
- Approved, April 30, 2018
Mackinac Financial Corporation, Manistique, Michigan -- to acquire First Federal of Northern Michigan Bancorp, Inc., Alpena, and thereby indirectly acquire First Federal of Northern Michigan.
- Approved, March 30, 2018
Cyrus Bancshares, Inc., Alexandria, Minnesota -- to merge with Quality Bankshares, Inc., Page, North Dakota, and thereby indirectly acquire Quality Bank, Fingal.
- Approved, February 26, 2018
Great Western Bancorp, Inc., Sioux Falls, South Dakota -- commitment relief request.
- Granted, February 5, 2018
Mackinac National Bancorp, Inc., Saint Ignace, Michigan -- to become a bank holding company by acquiring First National Bank of Saint Ignace, Saint Ignace, and election to become a financial holding company.
- Approved, February 5, 2018
Stearns Financial Services, Inc., Employee Stock Ownership Plan, Saint Cloud, Minnesota -- to acquire additional shares of Stearns Financial Services, Inc., Saint Cloud, and thereby indirectly increase its control of Stearns Bank National Association; Stearns Bank of Upsala, National Association, Upsala; and Stearns Bank of Holdingford, National Association, Holdingford.
- Approved, January 11, 2018
Bank Mergers
Opportunity Bank of Montana, Helena, Montana -- to merge with State Bank of Townsend, Townsend, and thereby establish branches.
- Approved, November 27, 2018
Change In Bank Control
Ceylon Bancorporation, Inc., Ceylon, Minnesota -- change in bank control of Ceylon Bancorporation, Inc. and its subsidiary, State Bank of Ceylon, Ceylon.
- Permitted, December 7, 2018
Northeast Securities Corporation, Minneapolis, Minnesota -- change in bank control of Northeast Securities Corporation and its subsidiary, Northeast Bank, Minneapolis.
- Permitted, December 7, 2018
Augusta Financial Corporation, Augusta, Wisconsin -- change in bank control of Augusta Financial Corporation and its subsidiary, Unity Bank, Augusta.
- Permitted, October 23, 2018
Caprice Corporation, Augusta, Wisconsin -- change in bank control of Caprice Corporation and its subsidiary, Unity Bank North, Red Lake Falls, Minnesota.
- Permitted, October 23, 2018
Heritage Bancshares Group, Inc., Spicer, Minnesota -- change in bank control of Heritage Bancshares Group, Inc., and its subsidiary, Heritage Bank, National Association, Spicer.
- Permitted, September 13, 2018
FSB Holding Company, Inc., Trimont, Minnesota -- to retain control of FSB Holding Company, Inc., and its subsidiary, Farmers State Bank of Trimont, Trimont.
- Permitted, August 13, 2018
First BancShares, Inc., of Cold Spring, Cold Spring, Minnesota -- change in bank control of First BancShares, Inc., of Cold Spring, Cold Spring, and its subsidiary, Granite Community Bank, Cold Spring.
- Permitted, July 31, 2018
Dakota Community Banshares, Inc., Hebron, North Dakota -- to retain control in Dakota Community Banshares, Inc., and its subsidiary, Dakota Community Bank & Trust, NA, Hebron.
- Permitted, July 24, 2018
Equity Bank Holding Company, Inc., Minnetonka, Minnesota -- change in control of Equity Bank Holding Company, Inc., and its subsidiary, Equity Bank, Minnetonka.
- Permitted, May 23, 2018
First Sleepy Eye Bancorporation, Inc., Sioux Falls, South Dakota -- change in bank control of First Sleepy Eye Bancorporation, Inc., and its subsidiaries, First Security Bank of Sleepy Eye, Sleepy Eye, Minnesota, and First Security Bank of Canby, Canby.
- Permitted, March 27, 2018
Flathead Lake Bancorporation, Inc., Polson, Montana -- change in bank control of Flathead Lake Bancorporation, Inc., and its subsidiary, First Citizens Bank of Polson NA, Polson.
- Permitted, February 21, 2018
Bosshard Banco, Ltd., La Crosse, Wisconsin -- change in bank control of Bosshard Banco, Ltd. and its subsidiaries, First National Bank of Bangor, Bangor, and Intercity State Bank, Schofield.
- Permitted, February 15, 2018
Heritage Bancshares Group, Inc., Spicer, Minnesota -- change in bank control of Heritage Bancshares Group, Inc., and its subsidiary, Heritage Bank, NA, Spicer.
- Withdrawn, January 18, 2018
Hatton Bancshares, Inc., Fargo, North Dakota -- to retain control of Hatton Bancshares, Inc., and its subsidiary, Aspire Financial, Fargo.
- Permitted, January 10, 2018
Extensions Of Time
First Interstate Bank, Billings, Montana -- extension to January 25, 2019, to merge with Inland Northwest Bank, Spokane, Washington, and thereby establish branches (two requests).
- Granted, October 18, 2018
Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota -- extension to January 5, 2019, to acquire shares of Security State Bank Holding Company, Fargo, and thereby indirectly increase control of Bank Forward, Hannaford.
- Granted, September 21, 2018
Choice Financial Holdings, Inc., Fargo, North Dakota -- extension to October 30, 2018, to acquire Venture Bank, Bloomington, Minnesota.
- Granted, July 27, 2018
Mackinac National Bancorp, Inc., Saint Ignace, Michigan -- extension to May 5, 2018, to become a bank holding company by acquiring First National Bank of Saint Ignace, Saint Ignace; and election to become a financial holding company.
- Granted, May 3, 2018
Kirkwood Bancorporation Co., Bismarck, North Dakota -- extension to August 3, 2018, to acquire shares of Kirkwood Bancorporation of Nevada, Inc., Las Vegas, Nevada, and thereby indirectly gain control of Kirkwood Bank of Nevada.
- Granted, April 19, 2018
First Community Bank, Glasgow, Montana -- extension to May 31, 2018, to establish a branch at 7517 Roughsawn Drive, Helena.
- Granted, April 5, 2018
Kirkwood Bancorporation Co., Bismarck, North Dakota -- extension to May 3, 2018, to acquire shares of Kirkwood Bancorporation of Nevada, Inc., Las Vegas, Nevada, and thereby indirectly gain control of Kirkwood Bank of Nevada.
- Granted, January 29, 2018
Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota -- extension to April 10, 2018, to acquire shares of Security State Bank Holding Company, Fargo, and thereby indirectly gain control of Bank Forward, Hannaford.
- Granted, January 4, 2018
Savings and Loan Holding Companies
MidCountry Acquisition Corporation, Minneapolis, Minnesota -- to become a savings and loan holding company by acquiring MidCountry Bank, Bloomington.
- Approved, November 29, 2018
Farrar Beresford Bancorporation Inc. Irrevocable Trust, Britton, South Dakota, and Beresford Bancorporation, Inc. (BBI) -- (1) to engage in making loans and selling insurance in association with extensions of credit through Lloyd's Plan SD, Inc., a de novo, wholly owned consumer finance company, and (2) for BBI to extend credit.
- Approved, September 21, 2018
Meta Financial Group, Inc., Sioux Falls, South Dakota -- (1) to become a bank holding company by merging with Crestmark Bancorp, Inc., Troy, Michigan, and thereby indirectly acquiring its subsidiary bank, Crestmark Bank; (2) to retain ownership of MetaBank, Sioux Falls, and thereby operate a savings association; (3) to acquire shares of each of CM Sterling, LLC; Capital Equipment Solutions, LLC; CM Help, LLC; CM Southgate, LLC; and CM TFS LLC, all of Troy (Crestmark Bank Subsidiaries), and thereby engage in lending activities; (4) to convert back to a savings and loan holding company after the merger of Crestmark Bank with and into MetaBank and to retain all its current operations, including those of MetaBank and its subsidiaries.
- Approved, June 27, 2018

Last Update: December 13, 2018