Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 9
Federal Reserve Bank of: Minneapolis

Filings received during the week ending February 20, 2010

Filer Filing Type Filing Proposal End of Comment Period
SOUTH DAKOTA BANCSHARES, INC. CIC Change in Control Notice by Charles H. Burke III, Pierre, South Dakota, as an individual, to acquire 72 percent or more of the shares of South Dakota Bancshares Inc., Pierre, South Dakota, and thereby indirectly gain control of BankWest Inc., Pierre, South Dakota.
Newspaper: 02/16/2010
Federal Register: 02/16/2010
TYSAN CORPORATION, THE CIC David Tychman, Seattle, Washington, individually and as trustee of eight Tychman/Sanders family trusts to retain 25 percent or more of The Tysan Corporation, Minneapolis, Minnesota. The trustees of one or more of nine Tychman/Sanders family trusts; James Sanders, Plymouth, Minnesota, Deera Tychman, Edina, Minnesota, Judith Shapiro, Saint Louis Park, Minnesota, and David Tychman, Seattle, Washington, to join the Tychman/Sanders group which controls 25 percent or more of The Tysan Corporation, Minneapolis, Minnesota, and includes 17 other Tychman/Sanders family trusts, and thereby indirectly retain 25 percent of Lake Community Bank, Long Lake, Minnesota, Pine Country Bank, Little Falls, Minnesota, and Blaine State Bank, Blaine, Minnesota.
Newspaper: 03/07/2010
Federal Register: 03/10/2010


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
NONE


CRA Examinations scheduled for Second Quarter of 2010 (April 1, 2010 - June 30, 2010)

Institution Location
AMERICAN BK SAINT PAUL, MINNESOTA
BIG SKY WESTERN BK BOZEMAN, MONTANA
CLINTON ST BK CLINTON, MINNESOTA
COMMUNITY BK AUSTIN AUSTIN, MINNESOTA
COMMUNITY BK MISSOULA MISSOULA, MONTANA
FARMERS ST BK VICTOR, MONTANA
FIRST CITIZENS BK OF BUTTE BUTTE, MONTANA
FULTON ST BK FULTON, SOUTH DAKOTA
NORTH SHORE BK OF COMMERCE DULUTH, MINNESOTA
VALLEY BK GLASGOW GLASGOW, MONTANA
YELLOWSTONE BK LAUREL, MONTANA

* Subject to the provisions of the Community Reinvestment Act

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco