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 June 22, 2013

Filer Filing Type Filing Proposal End of Comment Period
COMMERCIAL BANK OF MOTT EMPLOYEE STOCK OWNERSHIP PLAN CIC Retroactive notice by Charlotte Aldinger and Jeri Haberstroh, both of Mott, North Dakota, as trustees/administrators of the Commercial Bank of Mott Employee Stock Ownership Plan, Mott, North Dakota ("ESOP"), to retain control of ESOP and thereby indirectly retain control of Commercial Bank of Mott, Mott, North Dakota.
Newspaper: Not available
Federal Register: Not available
FLAGSHIP FINANCIAL GROUP, INC. CIC Change in Control Notice by Gale M. Hoese, Glencoe, Minnesota, to acquire control of 10 percent or more of the voting shares of Flagship Financial Group, Inc., Eden Prairie, Minnesota, and thereby indirectly gain control of Flagship Bank Minnesota, Wayzata, Minnesota. In addition, Gale M. Hoese, Glencoe, Minnesota, Todd Hoese, Waconia, Minnesota, David Hoese, Glencoe, Minnesota, Jeremy Hoese, Glencoe, Minnesota, Tamara Hoese, Glencoe, Minnesota, Jon Hoese, Glencoe, Minnesota, Chad Hoese, Glencoe, Minnesota, David Schornack, Perham, Minnesota, and Denise Schornack, Perham, Minnesota, as a group acting in concert to acquire control of 25 percent or more of the voting shares of Flagship Financial Group, Inc.
Newspaper: Not available
Federal Register: 07/08/2013
MAPLE BANC SHARES, INC. CIC Change in Control notice by Peter F. Lindholm, Long Lake, Minnesota, individually and as trustee of Peter F. Lindholm 2012 Irrevocable Trust, to retain 25 percent or more of the shares of Maple Banc Shares, Inc., Maple Plain, Minnesota, and thereby indirectly retain control of Bank of Maple Plain, Maple Plain, Minnesota.
Newspaper: Not available
Federal Register: 07/11/2013


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