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 November 12, 2011

Filer Filing Type Filing Proposal End of Comment Period
BITTERROOT HOLDING COMPANY * 3A5 Bitteroot Holding Company, Lolo, Montana, to merge with Ravalli County Bankshares, Inc., Hamilton, Montana, and thereby indirectly acquire Ravalli County Bank, Hamilton, Montana, and, also as a result of the merger, to increase its ownership of West One Bank, Kalispell, Montana, from 34.92% to 63.73%.
Newspaper: 11/28/2011
Federal Register: 12/01/2011
CITIZENS STATE BANCSHARES, INC. CIC Change in control notice by James E. Gaarder, Ossining, New York, to retain 25% or more of the shares of Citizens State Bancshares, Inc., Lankin, North Dakota, and thereby indirectly retain control of Citizens State Bank of Lankin, Lankin, North Dakota.
Newspaper: Not available
Federal Register: 11/21/2011
FIRST RUSHMORE BANCORPORATION, INC. CIC Change in Control Notice by the Gregory R. Raymo Revocable Living Trust Agreement, Worthington Minnesota, and Barbara J. Raymo, Worthington, Minnesota, individually and as Co-Trustee, to join the Gregory Raymo family group that currently consists of Gregory Raymo, and the First State Bank Southwest 2010 Amended and Restated KSOP Plan and Trust, Worthington, Minnesota, that controls 25 percent or more of the shares of First Rushmore Bancorporation, Inc., Worthington, Minnesota, and thereby indirectly gain control of First State Bank Southwest, Pipestone, Minnesota.
Newspaper: 11/18/2011
Federal Register: 11/22/2011
TRADITION BANCSHARES, INC. CIC Change in control notice by Patrick D. Wenning, and Pilar Wenning, both of Mound, Minnesota, to retain 10 percent or more of the shares of Tradition Bancshares, Inc., Edina, Minnesota, and thereby indirectly retain control of Tradition Capital Bank, Edina, Minnesota.
Newspaper: 11/21/2011
Federal Register: 11/22/2011


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     Quarter of

Institution Location
NONE

* 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