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 August 4, 2018

Filer Filing Type Filing Proposal End of Comment Period
CITIZENS COMMUNITY BANCORP, INC. * 3A3 Citizens Community Bancorp, Inc., Eau Claire, Wisconsin, to acquire 100 percent of United Bank, Osseo, Wisconsin.
Newspaper: Not available
Federal Register: 08/24/2018
FISHBACK FINANCIAL CORPORATION CIC Patricia Fishback, Brookings, South Dakota, individually and as trustee of the Robert E. Fishback GRAT A Trust, Brookings, South Dakota, to retain 10% or more of the shares and thereby control of Fishback Financial Corporation, Brookings, South Dakota (FFC BHC) and thereby indirectly retain control of First Bank & Trust, Brookings, South Dakota (FBT Brookings) and First Bank & Trust, Sioux Falls, South Dakota (FBT Sioux Falls). In addition, Mary Beth Fishback, Brookings, South Dakota and eighteen (18) trusts (with Mary Beth Fishback; Robert Fishback, Thomas Fishback, and Van Fishback, all of Brookings, South Dakota; and Ann Rivlin of Madison, Wisconsin each as trustee of one or more of these trusts), for retroactive approval to join the Fishback family shareholder group that controls 25% or more of FFC BHC and thereby indirectly controls FBT Brookings and FBT Sioux Falls.
Newspaper: Not available
Federal Register: Not available
HERITAGE BANCSHARES GROUP, INC. CIC Change in Control Notice by Heritage Bancshares Group, Inc., Employee Stock Ownership Plan and Trust, Spicer, Minnesota ("ESOP"), and Justin Rey, Sioux Falls, South Dakota, individually and as trustee of ESOP, to acquire additional shares of Heritage Bancshares Group, Inc., Spicer, Minnesota, and thereby indirectly acquire control of Heritage Bank, National Association, Spicer, Minnesota.
Newspaper: Not available
Federal Register: 08/08/2018
KODA BANCOR, INC. 4c8 Koda Bancor, Inc., Drayton, North Dakota, proposes to acquire through an in-kind dividend, ownership of Citizens Insurance Agency, Inc., Cavalier, North Dakota and Walhalla Insurance Agency, LLC, Walhalla, North Dakota from its wholly-owned subsidiary, Citizens State Bank Midwest, Cavalier, North Dakota.
Newspaper: Not applicable
Federal Register: Not applicable
MACKINAC FINANCIAL CORPORATION * 3A3 Mackinac Financial Corporation, Manistique, Michigan, to acquire 100 percent of Lincoln Community Bank, Merrill, Wisconsin.
Newspaper: Not available
Federal Register: 08/23/2018
MIDCOUNTRY ACQUISITION CORPORATION * SLHC Formation MidCountry Acquisition Corp., Minneapolis, Minnesota, to become a savings and loan holding company by acquiring 100 percent of MidCountry Bank, Bloomington, Minnesota.
Newspaper: Not available
Federal Register: 08/28/2018
PARK FINANCIAL GROUP, INC. * 3A3 Park Financial Group, Inc., Minneapolis, Minnesota, to acquire 48.46% of Mesaba Bancshares, Inc., Grand Rapids, Minnesota, and thereby indirectly acquire The Lake Bank, Two Harbors, Minnesota, and American Bank of the North, Nashwauk, Minnesota. In addition, Park Financial Group, Inc., has secured an option to purchase the remaining 51.54% of the voting shares of Mesaba Bancshares, Inc., Grand Rapids, Minnesota.
Newspaper: 08/30/2018
Federal Register: Not available
PF INVESTORS, INC. * 3A1 PF Investors, Inc., Whitehall, Wisconsin, to become a bank holding company by acquiring 100% of PFSB Bancorporation, Inc., Pigeon Falls, Wisconsin, and thereby indirectly acquire Pigeon Falls State Bank, Pigeon Falls, Wisconsin.
Newspaper: Not available
Federal Register: 08/20/2018
WNB HOLDING COMPANY 4c8
* 3A3
WNB Holding Company, Winona, Minnesota, to acquire 100 percent of First State Bank of Wabasha, Wabasha, Minnesota. WNB Holding Company also to acquire 100 percent of First State Insurance of Wabasha, Inc., Wabasha, Minnesota and thereby indirectly engage in general insurance agency activities in a community that has a population not exceeding 5,000.
Newspaper: Not available
Federal Register: 08/10/2018


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
NONE


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