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 May 27, 2017

Filer

Filing Type

Filing Proposal

End of Comment Period

BANCOMMUNITY SERVICE CORPORATION

CIC

Change in Control Notice by Mark Edward Davis, Saint Peter, Minnesota, Stanley M. Davis Revocable Trust, Stanley Martin Davis, Trustee, Plymouth, Minnesota, Martin Edward Davis, Excelsior, Minnesota, Mark Mitchell, Davis, Excelsior, Minnesota, as a group acting in concert, to acquire 10% or more of the shares of Bancommunity Services Corporation, Saint Peter, Minnesota, and thereby indirectly gain control of First National Bank Minnesota, Saint Peter, Minnesota.

Newspaper:	Not available
Federal Register:	06/19/2017

BANK FORWARD EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

* 3A3

Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota, to acquire up to 30% of Security State Bank Holding Company, Fargo, North Dakota, and thereby indirectly gain control of Bank Forward, Hannaford, North Dakota.

Newspaper:	06/14/2017
Federal Register:	Not available

ELYSIAN, INC.

CIC

Joel LaFrance, Elysian, Minnesota, to retroactively acquire shares of Elysian Inc., Elysian, Minnesota, and thereby join the group, comprised of Michael LaFrance and Judith LaFrance, both of Elysian, Minnesota, which controls 25% or more of Elysian Inc., Elysian, Minnesota and thereby indirectly controls Elysian Bank, Elysian, Minnesota.

Newspaper:	Not available
Federal Register:	06/07/2017

WASECA BANCSHARES, INC.

* 3A5

Waseca Bancshares, Inc., Waseca, Minnesota, to merge with Freedom Bancorporation, Inc., Lindstrom, Minnesota, and thereby indirectly acquire Lake Area Bank, Lindstrom, 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	Quarter
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 9 Federal Reserve Bank of: Minneapolis

Filings received during the week ending May 27, 2017

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 9
Federal Reserve Bank of: Minneapolis