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 19, 2011

Filer Filing Type Filing Proposal End of Comment Period
INTER-MOUNTAIN BANCORP., INC. CIC Change in Control Notice by Robert Karl Kamp, Manhattan, Montana, to gain control of Inter-Mountain Bancorp, Inc., Bozeman, Montana and thereby indirectly gain control of First Security Bank, Bozeman, Montana.
Newspaper: Not available
Federal Register: Not available
PSB FINANCIAL SHARES, INC. CIC Notice by Cara Mulder, Prinsburg, Minnesota, to join a group acting in concert with Myron Mulder, Prinsburg, Minnesota, to acquire and retain control of PSB Financial Shares, Inc., Prinsburg, Minnesota, and thereby indirectly acquire and retain control of Prinsbank, Prinsburg, Minnesota.
Newspaper: Not available
Federal Register: Not available
WEST 12 BANCORPORATION, INC. CIC Change in Control notice by John D. Connolly, Danvers, Minnesota, to acquire and retain 25% or more of the shares of West 12 Bancorporation, Inc., Danvers, Minnesota, and thereby indirectly acquire and retain control of State Bank of Danvers, Danvers, Minnesota.
Newspaper: 02/26/2011
Federal Register: 03/04/2011
WILCOX BANCSHARES, INC. CIC Notice by Noah W. Wilcox, Grand Rapids, Minnesota, as an individual and as trustee of the Noah W. Wilcox Trust, Grand Rapids, to acquire 25% or more of the shares of Wilcox Bancshares, Grand Rapids, Minnesota, and thereby indirectly control Grand Rapids State Bank, Grand Rapids, Minnesota. Additionally, the Noah W. Wilcox Trust, trustees Noah W. Wilcox and Dorsey & Whitney Trust Company LLC, Sioux Falls, South Dakota, will acquire 10% or more of Wilcox Bancshares, and thus join the Wilcox Family Group, and thereby indirectly control Grand Rapids State Bank, Grand Rapids, Minnesota.
Newspaper: 03/08/2011
Federal Register: 03/03/2011


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 2011 (April 1, 2011 - June 30, 2011)

Institution Location
AMERICAN ST BK OF GRYGLA GRYGLA, MINNESOTA
COMMUNITY BK CORP CHASKA, MINNESOTA
FIRST BK BALDWIN BALDWIN, WISCONSIN
GLACIER BK KALISPELL, MONTANA
GRAND MARAIS ST BK GRAND MARAIS, MINNESOTA
LAKE COUNTY BK SAINT IGNATIUS, MONTANA
SECURITY BK MN ALBERT LEA, MINNESOTA
SECURITY FNCL BK DURAND, WISCONSIN
STATE BK FNCL LA CROSSE, WISCONSIN
STATE BK OF ALCESTER ALCESTER, SOUTH DAKOTA
STATE BK OF TOWNSEND TOWNSEND, 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