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 24, 2013

Filer Filing Type Filing Proposal End of Comment Period
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: 09/09/2013
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: 09/05/2013
Federal Register: 09/06/2013


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
FARMERS ST BK OF MADELIA, MADELIA, MINNESOTA 988658 04/08/2013 08/14/2013 O Small Bank


CRA Examinations scheduled for Forth Quarter of 2013 (October 1, 2013 - December 31, 2013)

Institution Location
CITIZENS B&TC BIG TIMBER, MONTANA
DAKOTA WESTERN BK BOWMAN, NORTH DAKOTA
FARMERS ST BK OF WEST CONCORD WEST CONCORD, MINNESOTA
HEARTLAND ST BK EDGELEY, NORTH DAKOTA
NORTHWESTERN BK CHIPPEWA FALLS, WISCONSIN
PROFINIUM FNCL TRUMAN, MINNESOTA
UNITED BKR BK BLOOMINGTON, MINNESOTA

* 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