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 July 5, 2014

Filer Filing Type Filing Proposal End of Comment Period
AMERICAN STATE BANK OF GRYGLA * 18C
* Branch
American State Bank of Grygla, Grygla, Minnesota, to merge with American State Bank of Erskine, Erskine, Minnesota, and incident thereto, establish a branch.
Newspaper: Not available
Federal Register: Not applicable
CROWN BANKSHARES, INC. CIC Change in control notice by the Thomas H. Healey Family Trust dated June 27, 2013, Edina, MN (Healey Trust); John Healey, Edina, MN, individually and as trustee for the Healey Trust; Ann Allen, Chanhassen, MN, individually and as trustee committee member for the Healey Trust; and Peter Ramme, Edina, MN, as trustee committee member for the Healey Trust, all to retain control of 25 percent or more of Crown Bankshares, Inc., Edina, MN (Crown BHC) and thereby indirectly control Crown Bank, Edina, MN. In addition, Peter Dahl and Lisa Dahl, both of Edina, MN; Thomas Healey, Jr., Burnsville, MN; and Rachel Anderson, Bloomington, MN, to retain shares of Crown BHC as part of the Healey family group acting in concert, and thereby indirectly control Crown Bank.
Newspaper: Not available
Federal Register: 07/23/2014
MORRISTOWN HOLDING COMPANY CIC Change in Control Notice by Neil Anderson, Chanhassen, Minnesota, Charles Budde, Faribault, Minnesota, and David Hellmuth, Eden Prairie, Minnesota, as a group acting in concert, to acquire 25% percent or more of the shares of Morristown Holding Company, Excelsior, Minnesota, and thereby indirectly acquire Lake Country Community Bank, Morristown, Minnesota.
Newspaper: 07/11/2014
Federal Register: 07/07/2014
SECURITY STATE BANK HOLDING COMPANY CIC Change in control notice by Lois A. Bednar, Fargo, North Dakota, as a proposed trustee of the Bank Forward Employee Stock Ownership Plan, Hannaford, North Dakota, to join a group acting in concert with Thomas Watson, a current Trustee of the ESOP, to acquire and retain 10% or more of the shares of Security State Bank Holding Company, Fargo, North Dakota, and thereby indirectly control Bank Forward, Hannaford, North Dakota.
Newspaper: Not available
Federal Register: 07/23/2014
WILCOX BANCSHARES, INC. * 3A3 Wilcox Bancshares, Inc., Grand Rapids, Minnesota, to acquire 100 percent of Crow River State Bank, Delano, 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