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

District: 9
Federal Reserve Bank of: Minneapolis

Filings received during the week ending October 15, 2011

Filer

Filing Type

Filing Proposal

End of Comment Period

MIDWEST BANCSHARES, INC.

4c8
* 3A1
* 3A3

Midwest Bancshares, Inc., Tyndall South Dakota, to become a bank holding company by acquiring 100 percent of Security State Bank, Tyndall, South Dakota, and Midwest Bancshares, Inc., Tyndall, South Dakota to acquire 100 percent of Dakota Heritage State Bank, Chancellor, South Dakota. In addition, Midwest Bancshares, Inc., Tyndall, South Dakota, to acquire 100 percent of Chancellor Insurance Agency, LLC, Chancellor, South Dakota, and thereby engage in insurance agency activities in a town with a population not exceeding 5000.

Newspaper:	Not available
Federal Register:	11/14/2011

NORTHERN FINANCIAL CORPORATION

CIC

Notice by Marilyn Senty Ivers, Great Falls, Montana, to retain 25 percent or more of the shares of Northern Financial Corporation, Independence, Wisconsin, and thereby indirectly retain control of Independence State Bank, Independence, Wisconsin.

Newspaper:	Not available
Federal Register:	10/26/2011

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
GRAND MARAIS ST BK, GRAND MARAIS, MINNESOTA	945950	06/06/2011	10/11/2011	S	Small Bank
LAKE COUNTY BK, SAINT IGNATIUS, MONTANA	687250	06/07/2011	10/07/2011	S	Small Bank

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 9 Federal Reserve Bank of: Minneapolis

Filings received during the week ending October 15, 2011

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 9
Federal Reserve Bank of: Minneapolis