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 August 17, 2013

Filer Filing Type Filing Proposal End of Comment Period
FIRST INTERSTATE BANK * Branch First Interstate Bank, Billings, Montana, to establish a branch facility to be located at 830 Shiloh Crossing Boulevard, Billings, Montana.
Newspaper: 08/23/2013
Federal Register: Not applicable
LAKE SHORE III CORPORATION * 3A3 Lake Shore III Corporation, Glenwood City, Wisconsin, to acquire 100 perfect of Union Bank of Blair, Blair, Wisconsin.
Newspaper: Not available
Federal Register: Not available
MEDR BANCSHARES, INC. CIC Change in Control Notice by Jay Charles Erie, Rochester, Minnesota, John Kenneth Erie, Fargo, North Dakota, and Jane Kathryn Erie Moen, Eden Prairie, Minnesota, to retain voting shares of MEDR Bancshares, Inc., Erskine, Minnesota, and join the Erie Family Shareholder group which owns 25 percent or more of MEDR Bancshares, Inc., and thereby indirectly controls American State Bank of Erskine, Erskine, Minnesota.
Newspaper: Not available
Federal Register: 09/03/2013
OLMSTED BANCORPORATION, INC. CIC Change in Control notice by Krista B. Ryan, individually and as trustee of the KBR 2008 Irrevocable Trust, Byron, Minnesota, to acquire 25 percent or more of the voting shares of Olmsted Bancorporation, Inc., Byron, Minnesota, and thereby indirectly gain control of First Security Bank, Byron, Minnesota.
Newspaper: Not available
Federal Register: Not available


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