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 November 14, 2015

Filer Filing Type Filing Proposal End of Comment Period
DARWIN BANCSHARES, INC. * 3A5 Darwin Bancshares, Inc., Darwin, Minnesota, to merge with Winthrop Bancshares, Inc., Winthrop, Minnesota, and thereby indirectly acquire Winthrop State Bank, Winthrop, Minnesota.
Newspaper: Not available
Federal Register: 11/30/2015
FIDELITY HOLDING COMPANY CIC Change in Control Notice by the 2015 Grandchildren's Fidelity Trust under Agreement dated February 24, 2015, Paul Bennett Lewis and Russell Craig Flom as co-trustees, of the "Grandchildren's Fidelity Trust", to acquire 25 percent or more of the shares of Fidelity Holding Company, Minnetonka, Minnesota, and thereby indirectly gain control of Fidelity Bank, Edina, Minnesota.
Newspaper: Not available
Federal Register: 11/12/2015
FIRST SECURITY GROUP CIC Change in Control notice by Colter Cumin, Deer Lodge, Montana, to acquire 25 percent or more of the shares of First Security Group, Deer Lodge, Montana, and thereby indirectly gain control of First Security Bank Deer Lodge, Deer Lodge, Montana.
Newspaper: Not available
Federal Register: 11/24/2015
FREEDOM BANCORPORATION, INC. CIC Change in Control Notice by Debra J. Erickson, Lakeland Shores, Minnesota, individually and as co-trustee of the Bank Stock Family Trust Created Under the David B. Erickson Revocable Trust dated May 12, 2010, Hudson, Wisconsin (Gary D. Vander Vorst, Hudson, Wisconsin, Co-Trustee), to acquire 28.79% or more of Freedom Bancorporation, Inc.("Freedom BC"), Lindstrom, Minnesota, and thereby indirectly gain control of Lake Area Bank, Lindstrom, Minnesota. Additionally, the Descendants Separate Trust CLE Irrev Tr FBO DBE FBO Ashley B. Erickson, the Descendants Separate Trust CLE Irrev Tr FBO DBE FBO Bradley D. Erickson, and the Descendants Separate Trust CLE Irrev Tr FBO DBE FBO Grady L. Erickson, all of Hudson, Wisconsin (Gary D. Vander Vorst, trustee of the trusts), to retain shares of Freedom BC and thereby remain members of the Erickson Family Shareholder Group, which controls Freedom BC.
Newspaper: Not available
Federal Register: 12/03/2015
ROSEAU REALTY CO., INC. CIC Robert J. Foley, Roseau, Minnesota; Catherine Ann Swenson, San Luis Obispo, California; Elizabeth Foley, Burlingame, California; Colleen Foley-Sacks, Portland, Oregon; and Scott M. Foley, West St. Paul, Minnesota; individually, and as a group acting in concert, each to retain 10 percent or more of the shares of Roseau Realty Co., Inc., Roseau, Minnesota, and thereby indirectly retain control of Citizens State Bank of Roseau, Roseau, Minnesota.
Newspaper: 11/13/2015
Federal Register: 11/27/2015
TRADITION BANCSHARES, INC. 4c8 Tradition Bancshares, Inc., Edina, Minnesota, to acquire 22% of First Lawyers Trust Company, Rapid City, South Dakota.
Newspaper: Not applicable
Federal Register: Not applicable
WALKER BAN CO. CIC Change in Control Notice by Michael J. Elsenpeter, Walker, Minnesota, to individually acquire control of Walker Ban Co., Walker, Minnesota, and thereby indirectly gain control of First National Bank North, Walker, Minnesota.
Newspaper: 11/17/2015
Federal Register: 11/16/2015


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

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