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

Bank Branches, Domestic
Farmers State Bank, Victor, Montana -- to establish a branch at 1040 Partridge Place, Helena.
- Approved, October 6, 2017
Opportunity Bank of Montana, Helena, Montana -- to establish a branch at 895 Main Street, Billings.
- Approved, September 29, 2017
Opportunity Bank of Montana, Helena, Montana -- to establish a branch at 120 First Avenue North, Great Falls.
- Approved, May 4, 2017
Frandsen Bank & Trust, Lonsdale, Minnesota -- to establish a branch at 404 West Superior Street, Duluth.
- Approved, April 12, 2017
Bank Holding Companies
Dakota Financial, Inc., Marietta, Minnesota -- to acquire shares of Milan Agency, Inc., Milan, and thereby indirectly acquire Prairie Sun Bank.
- Approved, December 6, 2017
First Holding Company of Cavalier, Inc., Cavalier, North Dakota -- to acquire First National Bank Mahnomen Twin Valley, Mahnomen, Minnesota.
- Approved, December 1, 2017
Eagle Bancorp Montana, Inc., Helena, Montana -- to acquire TwinCo, Inc., Twin Bridges; and for Eagle Bancorp Montana's subsidiary bank, Opportunity Bank of Montana, Helena, to merge with Ruby Valley Bank, Twin Bridges, and thereby establish branches.
- Approved, November 28, 2017
Tradition Bancshares, Inc., Edina, Minnesota -- to engage in investment advisory services through the acquisition of shares of Rock Creek Advisors, LLC, Rapid City, South Dakota, a registered investment advisor.
- Approved, November 2, 2017
Full Service Insurance Agency, Inc., Buxton, North Dakota -- to acquire The First and Farmers Bank Holding Company, Portland, and thereby indirectly acquire The First and Farmers Bank.
- Approved, October 25, 2017
Border Bancshares, Inc., Greenbush, Minnesota -- to acquire First State Bank of Clearbrook, Clearbrook.
- Approved, September 29, 2017
Prairie Bancshares Corporation, Shelby, Montana -- retroactive notice to engage de novo in lending activities.
- Approved, September 25, 2017
Koda Bancor, Inc. (formerly Drayton Bancor, Inc.), Drayton, North Dakota -- to merge with Pembina County Bankshares Ltd., Cavalier, and thereby indirectly acquire (1) Citizens State Bank Midwest, and (2) Citizens Insurance Agency, Inc., Cavalier, and Walhalla Insurance Agency, LLC, Walhalla, and thereby indirectly engage in general insurance activities in a community with a population not exceeding 5,000.
- Approved, September 12, 2017
Kirkwood Bancorporation Co., Bismarck, North Dakota -- to acquire additional shares of Kirkwood Bancorporation of Nevada, Inc., Las Vegas, Nevada, and thereby indirectly increase its control of Kirkwood Bank of Nevada.
- Approved, August 3, 2017
NATCOM Bancshares, Inc., Superior, Wisconsin -- to acquire shares of Republic Bancshares, Inc., Duluth, Minnesota, and thereby indirectly acquire Republic Bank, Inc.
- Withdrawn, July 31, 2017
Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota -- to acquire shares of Security State Bank Holding Company, Fargo, and thereby indirectly acquire shares of Bank Forward, Hannaford.
- Approved, July 10, 2017
Waseca Bancshares, Inc., Waseca, Minnesota -- to merge with Freedom Bancorporation, Inc., Lindstrom, and thereby indirectly acquire Lake Area Bank.
- Approved, July 3, 2017
Minnesota National Bank Retirement Savings and Employee Stock Ownership Plan & Trust, Sauk Centre, Minnesota -- to retroactively increase its ownership of Sauk Centre Financial Services, Inc., Sauk Centre, and thereby indirectly increase its control of Minnesota National Bank.
- Approved, June 9, 2017
Uptown Bancorporation, Inc., Britton, South Dakota -- to acquire, through First American State Bank, Oldham, an interest in Performance Data Center, LLC, Pierre, and thereby provide data processing services.
- Approved, June 1, 2017
First Financial Corporation, Arthur, North Dakota -- to acquire First State Bank of Warner, Warner, South Dakota.
- Approved, May 30, 2017
Glacier Bancorp, Inc., Kalispell, Montana -- to acquire via merger TFB Bancorp, Inc., Yuma, Arizona, and simultaneously merge its subsidiary, The Foothills Bank, with and into Glacier Bank, Kalispell.
- Approved, March 24, 2017
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, March 24, 2017
First Interstate BancSystem, Inc., Billings, Montana -- to acquire Cascade Bancorp, Inc., Bend, Oregon; and for First Interstate Bank, Billings, to merge with Bank of the Cascades, Bend, and thereby establish branches.
- Approved, March 22, 2017
West End Financial Corp, Ironwood, Michigan -- to acquire Ewen Bancshares, Inc., Ewen, and thereby indirectly acquire The State Bank of Ewen.
- Approved, March 10, 2017
Signature Bancshares, Inc., Employee Stock Ownership Plan & Trust, Minnetonka, Minnesota -- to become a bank holding company by acquiring shares of Signature Bancshares, Inc., Minnetonka, and thereby indirectly acquiring control of Signature Bank.
- Approved, March 8, 2017
Wadena Bankshares Inc., Wadena, Minnesota -- to acquire FNB Acquisition Holding Corporation (FNB), Wadena; and for Wadena State Bank to merge with FNB's subsidiary, The First National Bank in Wadena.
- Approved, March 6, 2017
Ameri Financial Group, Inc., Stillwater, Minnesota -- to acquire First Resource Bank, Lino Lakes.
- Approved, March 3, 2017
Great Western Bancorp, Inc., Sioux Falls, South Dakota -- relief from a commitment.
- Granted, February 24, 2017
Hazen Bancorporation, Inc., Hazen, North Dakota -- to increase its ownership in North Star Holding Company, Inc., Jamestown, and thereby indirectly increase its control of Unison Bank, Jamestown.
- Approved, February 17, 2017
McIntosh County Bank Holding Company, Inc., Ashley, North Dakota -- to increase its ownership in North Star Holding Company, Inc., Jamestown, and thereby indirectly increase its control of Unison Bank.
- Approved, February 17, 2017
Wilcox Bancshares, Inc., Grand Rapids, Minnesota -- commitment relief request.
- Granted, February 9, 2017
Sargent Bankshares, Inc., Forman, North Dakota -- to acquire First National Bank, Milnor.
- Approved, January 6, 2017
Change In Bank Control
Great River Holding Company, Baxter, Minnesota -- to retain control of Great River Holding Company and its subsidiary, Riverwood Bank, Baxter.
- Permitted, December 1, 2017
MPS Investment Company, Appleton, Minnesota -- change in bank control of MPS Investment Company and its subsidiary, Farmers & Merchants State Bank, Appleton.
- Permitted, November 27, 2017
Sterling Financial Group, Inc., Rochester, Minnesota -- to retain control of Sterling Financial Group, Inc., and its subsidiary, Sterling State Bank, Austin.
- Permitted, September 14, 2017
One Corporation, New Richmond, Wisconsin -- change in bank control of One Corporation and its subsidiary, First National Community Bank, New Richmond.
- Permitted, August 30, 2017
Cornerstone Holding Company, Inc., Fargo, North Dakota -- to retain control of Cornerstone Holding Company, Inc., and its subsidiary, Cornerstone Bank, Fargo.
- Permitted, August 22, 2017
Heritage Bancshares Group, Inc., Spicer, Minnesota -- change in bank control of Heritage Bancshares Group, Inc., and its subsidiary, Heritage Bank, NA, Spicer.
- Permitted, August 16, 2017
Northeast Securities Corporation, Minneapolis, Minnesota -- change in bank control of Northeast Securities Corporation and its subsidiary, Northeast Bank, Minneapolis.
- Permitted, August 7, 2017
Starion Bancorporation, Bismarck, North Dakota -- to retain control of Starion Bancorporation and its subsidiary, Starion Bank, Bismarck.
- Permitted, July 21, 2017
Bancommunity Service Corporation, Saint Peter, Minnesota -- change in bank control of Bancommunity Service Corporation and its subsidiary, First National Bank Minnesota, Saint Peter.
- Permitted, June 28, 2017
Elysian, Inc., Elysian, Minnesota -- change in bank control of Elysian, Inc., and its subsidiary, Elysian Bank, Elysian.
- Permitted, June 27, 2017
Sauk Centre Financial Services, Inc., Sauk Centre, Minnesota -- to retain control of Sauk Centre Financial Services, Inc., and its subsidiary, Minnesota National Bank, Sauk Centre.
- Permitted, June 9, 2017
Frankson Investment Corporation, Waseca, Minnesota -- change in bank control of Frankson Investment Corporation and its subsidiary, The First National Bank of Waseca, Waseca.
- Permitted, June 9, 2017
Wilcox Bancshares, Inc., Grand Rapids, Minnesota -- change in bank control of Wilcox Bancshares, Inc., and its subsidiaries, Grand Rapids State Bank, Grand Rapids, and Minnesota Lakes Bank, Delano.
- Permitted, June 2, 2017
Plainview Bankshares, Inc., Plainview, Minnesota -- to retain control of Plainview Bankshares, Inc., and its subsidiary, Foresight Bank, Plainview.
- Permitted, May 8, 2017
Lake Elmo Bancshares, Inc., Lake Elmo, Minnesota -- to retain control of Lake Elmo Bancshares, Inc., and its subsidiary, Lake Elmo Bank, Lake Elmo.
- Permitted, April 10, 2017
Higgins Bancorporation, Inc., Rosemount, Minnesota -- change in bank control of Higgins Bancorporation, Inc., and its subsidiary, First State Bank of Rosemount, Rosemount.
- Permitted, April 3, 2017
Leackco Bank Holding Company, Inc., Wolsey, South Dakota -- change in bank control of Leackco Bank Holding Company, Inc., and its subsidiary, American Bank and Trust, Wessington Springs.
- Permitted, April 3, 2017
State Bank of Bottineau Holding Company, Bottineau, North Dakota -- change in bank control of State Bank of Bottineau Holding Company and its subsidiary, State Bank of Bottineau, Bottineau.
- Permitted, March 23, 2017
Adams Bancshares, Inc., Adams, Minnesota -- change in bank control of Adams Bancshares and its subsidiary, United Farmers State Bank, Adams.
- Permitted, February 17, 2017
Heritage Bancshares Group, Inc., Spicer, Minnesota -- change in bank control of Heritage Bancshares Group, Inc., and its subsidiary, Heritage Bank, National Association, Spicer.
- Permitted, January 26, 2017
Commercial Holding Company, Wagner, South Dakota -- to retain control of Commercial Holding Company and its subsidiary, Commercial State Bank of Wagner, Wagner.
- Permitted, January 3, 2017
Extensions Of Time
First Community Bank, Glasgow, Montana -- extension to March 31, 2018, to establish a branch at 7517 Roughsawn Drive, Helena.
- Granted, November 3, 2017
Kirkwood Bancorporation Co., Bismarck, North Dakota -- extension to February 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, October 26, 2017
Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota -- extension to January 10, 2018, to acquire shares of Security State Bank Holding Company, Fargo, and thereby indirectly gain control of Bank Forward, Hannaford.
- Granted, October 5, 2017
U.S. Bancorp, Minneapolis, Minnesota -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, June 7, 2017
First Interstate Bank, Billings, Montana -- extension to September 22, 2017, to merge with Bank of the Cascades, Bend, Oregon, and thereby establish branches.
- Granted, May 16, 2017
Northern Interstate Financial, Inc., Norway, Michigan -- extension to June 12, 2017, to merge with C.F.C. Bancorp, Inc., Crystal Falls, and thereby indirectly acquire First National Bank of Crystal Falls.
- Granted, March 6, 2017
Membership
Charter Bank, Eau Claire, Wisconsin -- to become a member of the Federal Reserve System.
- Approved, August 9, 2017
Financial Holding Companies
Westbrand, Inc., Minot, North Dakota -- election to become a financial holding company.
- Effective, October 16, 2017
Ramsey Financial Corporation, Devils Lake, North Dakota; and Ramsey Financial Corporation and Affiliates Employee Stock Ownership Plan -- election to become financial holding companies.
- Effective, September 29, 2017
Wessington Bankshares, Inc., Wessington, South Dakota -- election to become a financial holding company.
- Effective, September 7, 2017
Universal Financial Services, Inc., Bayport, Minnesota -- election to become a financial holding company.
- Effective, June 5, 2017

Last Update: December 14, 2017