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 May 22, 2010

Filer Filing Type Filing Proposal End of Comment Period
215 HOLDING CO. * 3A3 215 Holding Company, to acquire 100 percent of White Rock Bank, Cannon Falls, Minnesota.
Newspaper: Not available
Federal Register: 06/21/2010
LAKE SHORE WISCONSIN CORPORATION CIC Notice by Peter Paul Bell, Lake Forest, Illinois to acquire 10 percent or more of the shares of Lake Shore Wisconsin Corporation, Kohler, Wisconsin, and thereby indirectly gain control of Hiawatha National Bank, Hager City, Wisconsin.
Newspaper: 05/25/2010
Federal Register: 05/25/2010
VALLEY BANCSHARES, INC. CIC Notice by the Hensley Family Limited Partnership of Kalispell, Montana, to retain control of Valley Bancshares, Inc., Kalispell, Montana, and thereby indirectly retain control of Valley Bank of Kalispell, Montana.
Newspaper: 06/02/2010
Federal Register: 06/04/2010
WAUMANDEE BANCSHARES, LTD. 4c8 Waumandee Bancshares, Ltd., Waumandee, Wisconsin, requests retroactive approval to acquire 100% of Waumandee Insurance Services, Inc., Waumandee, Wisconsin, and thereby indirectly engage in insurance agency activities, in a place with a population not exceeding 5,000.
Newspaper: Not applicable
Federal Register: 06/21/2010


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
FLINT CREEK VALLEY BK, PHILIPSBURG, MONTANA 619457 01/04/2010 05/14/2010 S Small Bank
STATE BK OF EWEN, EWEN, MICHIGAN 240459 01/05/2010 04/22/2010 S Small Bank


CRA Examinations scheduled for Third Quarter of 2010 (July 1, 2010 - September 30, 2010)

Institution Location
BIG SKY WESTERN BK BOZEMAN, MONTANA
DACOTAH BK ABERDEEN, SOUTH DAKOTA
FIRST BK BLUE EARTH BLUE EARTH, MINNESOTA
FIRST WESTERN B&TC MINOT, NORTH DAKOTA
PENINSULA BK ISHPEMING, MICHIGAN
PEOPLES ST BK OF PLAINVIEW PLAINVIEW, MINNESOTA
SUPERIOR BK SUPERIOR, WISCONSIN
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