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 23, 2016

Filer Filing Type Filing Proposal End of Comment Period
BIGFORK BANCSHARES, INC. CIC Change in Control Notice by Jeffrey A. Fisher, Bigfork, Minnesota, to retain 25 percent or more of the shares of Bigfork Bancshares, Inc., Bigfork, Minnesota, and thereby indirectly retain control of First State Bank of Bigfork, Bigfork, Minnesota.
Newspaper: 07/20/2016
Federal Register: 08/01/2016
CITIZENS BANCORP, INC. 4c8 Citizens Bancorp, Inc., Cadott, Wisconsin, to engage, de novo, in extending credit and servicing loans.
Newspaper: Not applicable
Federal Register: 08/15/2016
FARMERS & MERCHANTS AGENCY, INC. * 3A5 Farmers & Merchants Agency, Inc., Pierz, Minnesota, to merge with Eden Valley Bancshares, Inc., Eden Valley, Minnesota, and thereby indirectly acquire State Bank in Eden Valley, Eden Valley, Minnesota.
Newspaper: Not available
Federal Register: Not available
FRANDSEN BANK & TRUST * 18C
* Branch
Frandsen Bank & Trust, Lonsdale, Minnesota, to merge with Provincial Bank, Lakeville, Minnesota, and incident thereto, establish a branch.
Newspaper: 07/30/2016
Federal Register: Not applicable
MACKINAC FINANCIAL CORPORATION * 3A3 Mackinac Financial Corporation, Manistique, Michigan to acquire 100 percent of Niagara Bancorporation, Inc., Niagara Wisconsin, and thereby indirectly acquire The First National Bank of Niagara, Niagara, Wisconsin.
Newspaper: 07/25/2016
Federal Register: 07/23/2016
NORTHWESTERN BANK, THE * Branch Northwestern Bank, Chippewa Falls, Wisconsin, to establish a branch facility to be located at 1430 Rivers Edge Trail, Altoona, Wisconsin.
Newspaper: 07/21/2016
Federal Register: Not applicable
PEOPLES STATE BANCORP, INC. CIC Change in Control Notice by Richard W. Nebel, Munising, Michigan, to retain 10 percent or more of the shares of Peoples State Bancorp, Inc., Munising, Michigan, and for Richard W. Nebel, Jamie Nebel, Isabelle Nebel, Larson Nebel, Charles C. Nebel, Denise Nebel, Kyle Christian, Cameron Nebel, Chase Nebel, Kane Nebel, Keegan Nebel, Camie Nebel Conklin, Christopher Conklin, and Emma Conklin, all of Munising, Michigan, as a group acting in concert, to retain 25 percent or more of the shares of Peoples State Bancorp, Inc., and thereby indirectly controls Peoples State Bank of Munising, Munising, Michigan.
Newspaper: Not available
Federal Register: Not available
VERMILLION BANCSHARES, INC. 4c8 Vermillion Bancshares, Inc., Vermillion, Minnesota, to engage, de novo, in extending credit and servicing loans.
Newspaper: Not applicable
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