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 February 27, 2016

Filer Filing Type Filing Proposal End of Comment Period
MACKINAC FINANCIAL CORPORATION * 3A3 Mackinac Financial Corporation, Manistique, Michigan, to acquire 100 percent of The First National Bank of Eagle River, Eagle River, Wisconsin.
Newspaper: 03/14/2016
Federal Register: 03/11/2016
NATCOM BANCSHARES,INC. CIC Change in Control Notice by The Marathon 2016 Irrevocable Trust, Mitchell, South Dakota (FNN Trust Company, Mitchell, South Dakota, Trustee; Todd L. Johnson, Duluth, Minnesota, Investment Advisor); and the Cordoba 2016 Irrevocable Trust, Mitchell, South Dakota (FNN Trust Company, Trustee; Todd L. Johnson, Investment Advisor), to retain shares of NATCOM Bancshares, Inc., Superior, Wisconsin ("NATCOM"), and join the Todd Johnson Shareholder Group, which controls 25% or more of NATCOM Bancshares, Inc., Superior, Wisconsin, and thereby indirectly retain control of National Bank of Commerce, Superior, Wisconsin. In addition, the NEX.gen 2016 Irrevocable Trust, Mitchell, South Dakota (FNN Trust Company and Jeffrey Thompson, Hermantown, Minnesota, Co-Trustees; Bruce Thompson, Superior, Wisconsin, Trust Protector), to join the Todd Johnson Shareholder Group as a result of adding Todd L. Johnson as a Co-Trustee of the NEX.gen 2016 Irrevocable Trust.
Newspaper: 03/10/2016
Federal Register: 03/15/2016
SCOTLAND HOLDING COMPANY CIC Change in Control notice by Dick D. Behl, Scotland, South Dakota, to acquire 25 percent or more of the shares of Scotland Holding Company, Scotland, South Dakota, and thereby indirectly gain control of Farmers & Merchants State Bank, Scotland, South Dakota.
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