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 7, 2018

Filer Filing Type Filing Proposal End of Comment Period
BORDER BANCSHARES, INC. * 3A5 Border Bancshares, Inc., Greenbush, Minnesota, proposes to acquire Union Bancshares, Inc., Fargo, North Dakota, and thereby indirectly acquire Union State Bank of Fargo, Fargo, North Dakota.
Newspaper: Not available
Federal Register: 07/16/2018
BRYANT BANCSHARES, INC. * 3A3 Bryant Bancshares, Inc., Byrant South Dakota to acquire 100 percent of the shares of Richland State Bank, Bruce, South Dakota.
Newspaper: 07/21/2018
Federal Register: 07/23/2018
FIRST INTERSTATE BANCSYSTEM, INC. * 3A5
* 18C
* Branch
First Interstate BancSystem, Inc., Billings, Montana, to merge with Northwest Bancorporation, Inc. and thereby indirectly acquire Inland Northwest Bank ("Inland Bank"), both of Spokane, Washington. Additionally, First Interstate Bank, Billings, Montana, to merge with Inland Bank and, incident thereto, establish branches.
Newspaper: Not available
Federal Register: 07/13/2018
FSB HOLDING COMPANY, INC. CIC Change in Control Notice by Greta Christianson, Bloomington, Minnesota and Ingrid Langseth, Worthington, Minnesota, individually, and as the members of the Christianson/Langseth group acting in concert to retain control of FSB Holding Company, Inc., Trimont, Minnesota (FSB), and thereby indirectly control Farmers State Bank of Trimont, Trimont, Minnesota (Trimont Bank). In addition, Beverly Anthony, Trimont, Minnesota to retain shares of FSB, as a member of the Anthony family shareholder control group acting in concert, and thereby indirectly control Trimont Bank.
Newspaper: 07/09/2018
Federal Register: 07/19/2018


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
CENTRAL SVG BK, SAULT SAINTE MARIE, MICHIGAN 382050 03/05/2018 06/24/2018 O Small Bank
HEARTLAND ST BK, EDGELEY, NORTH DAKOTA 837653 04/02/2018 07/05/2018 S Small Bank


CRA Examinations scheduled for     Quarter of

Institution Location Quarter
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