Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 9
Federal Reserve Bank of: Minneapolis

Filings received during the week ending March 28, 2015

Filer

Filing Type

Filing Proposal

End of Comment Period

DUKE FINANCIAL GROUP, INC.

CIC

Change in Control notice by Elizabeth J. Hyduke Kelm, Golden Valley, Minnesota, individually and as co-Trustee of a trust benefiting Elizabeth J. Hyduke-Kelm, and Elizabeth J. Hyduke-Kelm as co-Trustee of three family trusts, Minneapolis, Minnesota; and Stephen P. Hyduke, individually and as co-Trustee of a trust benefiting Stephen P. Hyduke, Minneapolis, Minnesota, to each acquire 25% or more of the shares of Duke Financial Group, Inc., Minneapolis, Minnesota, and thereby indirectly gain control of Peoples Bank of Commerce, Cambridge, Minnesota and State Bank of New Prague, New Prague, Minnesota.

Newspaper:	Not available
Federal Register:	04/17/2015

NORTHEAST SECURITIES CORPORATION

CIC

Change in Control notice by The Belva H. Rasmussen 2012 Irrevocable Trust (Trust), Roseville, Minnesota, Pamela M. Harris, Falcon Heights, Minnesota, and Eva B. Rasmussen, Edina, Minnesota, individually and as trustees of the trust to acquire 25 percent or more of Northeast Securities Corporation, Minneapolis, Minnesota, and thereby indirectly gain control of Northeast Bank, Minneapolis, Minnesota. In addition, Benjamin T. Rasmussen, Edina, Minnesota, to retroactively join the Rasmussen Family Control Group, which controls 25 percent or more of Northeast Securities Corporation, Minneapolis, Minnesota.

Newspaper:	Not available
Federal Register:	04/15/2015

REDWOOD FINANCIAL, INC.

CIC

J. Scott Nelson, Redwood Falls MN, individually and as a trustee of the HomeTown Bank Employee Stock Ownership Plan, Redwood Falls MN (ESOP), to acquire and retain 10 percent or more of the shares and thereby control of Redwood Financial, Inc., Redwood Falls, MN (RFI) and thereby indirectly acquire and retain control of Hometown Bank, Redwood Falls, MN. In addition, J. Scott Nelson; John Nelson, Redwood Falls, MN; Sarah Hoyt, St Paul MN; and ESOP to acquire and retain 10 percent or more of the shares of RFI, and thereby indirectly acquire and retain control of Hometown Bank, Redwood Falls, MN, as members of the Nelson family shareholder group acting in concert. ESOP trustees are J. Scott Nelson, James Tersteeg, and Thomas Stotesbery, each of Redwood Falls, MN.

Newspaper:	Not available
Federal Register:	04/08/2015

TYSAN CORPORATION, THE

CIC

Change in Control notice by Joel Sanders, Oakland, California, and James N. Sanders, Plymouth, Minnesota, as trustees of the Joel Sanders GRAT dated December 1, 2014, Oakland, California (GRAT); Sheva Sanders, Minneapolis, Minnesota, as a voting member of Rifkind Sanders, LLC, Minneapolis, Minnesota (LLC); Miriam Sanders, Minneapolis, Minnesota, as trustee of the Disclaimer Trust, Minneapolis, Minnesota (Disclaimer Trust); and Jerel Shapiro and Judith Shapiro, both of Minneapolis, Minnesota, as trustees of both the Judith T. Shapiro GST Trust, Minneapolis, Minnesota (JTS Trust) and the Jonathan J. Tychman Non Exempt Trust, Minneapolis, Minnesota (JJT Trust), for retroactive permission for the GRAT, LLC, Disclaimer Trust, JTS Trust, and JJT Trust to join the Tychman/Sanders group, which controls 25 percent or more of The Tysan Corporation, Minneapolis, Minnesota, and thereby indirectly gain control of Lake Community Bank, Long Lake, Minnesota, and Pine Country Bank, Little Falls, Minnesota. In addition, Jerel Shapiro and Judith Shapiro individually, and as trustees, of several Tychman/Sanders Group Trusts, to retain 25 percent or more of the shares of The Tysan Corporation, Minneapolis, Minnesota.

Newspaper:	Not available
Federal Register:	04/16/2015

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

District: 9 Federal Reserve Bank of: Minneapolis

Filings received during the week ending March 28, 2015

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 9
Federal Reserve Bank of: Minneapolis