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

Bank Branches, Domestic
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
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
Change In Bank Control
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- Withdrawn, January 18, 2018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
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

Last Update: March 15, 2018