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 October 20, 2018

Filer Filing Type Filing Proposal End of Comment Period
CEYLON BANCORPORATION, INC. CIC Change in Control Notice by Matthew Moran, Seattle, Washington; Gellert Dornay, Mercer Island, Washington; and Robert Cumming, Snohomish, Washington, each individually and, with Kevin Johnston, Issaquah, Washington, as a group acting in concert to acquire control of Ceylon Bancorporation, Inc. and thereby indirectly acquire control of the State Bank of Ceylon, both of Ceylon, Minnesota.
Newspaper: Not available
Federal Register: 11/01/2018
KIMBERLY LEASING CORPORATION * 3A5 Kimberly Leasing Corporation, Augusta, Wisconsin, to merge with Augusta Financial Corporation and Caprice Corporation, both of Augusta, Wisconsin, and thereby indirectly acquire, Unity Bank, Augusta, Wisconsin and Unity Bank North, Red Lake Falls, Minnesota, respectively.
Newspaper: Not available
Federal Register: 11/06/2018
LAKE BANK SHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN CIC Lance E. Skov, Albert Lea, Minnesota, to become trustee of the Lake Bank Shares, Inc., Employee Stock Ownership Plan, Albert Lea, Minnesota and thereby acquire control of Lake Bank Shares, Inc., which owns Security Bank Minnesota, both of Albert Lea, Minnesota.
Newspaper: 11/08/2018
Federal Register: Not available
NORTHEAST SECURITIES CORPORATION CIC Change in Control Notice by the Belva H. Rasmussen 2018-A, Irrevocable Trust under Agreement dated April 26, 2018 ("Trust A"), and the Belva H. Rasmussen 2018-B Irrevocable Trust under Agreement dated April 26, 2018 ("Trust B"), both of Minneapolis, Minnesota (trustees Teresa J. Rasmussen, Orono Minnesota; Eva B. Rasmussen, Edina, Minnesota; Thomas M. Beck, Eden Prairie, Minnesota; and Chris R. Fitzmorris, Little Canada, Minnesota); to acquire control of Northeast Securities Corporation, Minneapolis ("NSC"), Minnesota, and thereby indirectly gain control of Northeast Bank, Minneapolis, Minnesota. In addition, Chris R. Fitzmorris, as a trustee, to acquire control of NSC and thereby indirectly gain control of Northeast Bank.
Newspaper: 10/31/2018
Federal Register: 11/05/2018
OPPORTUNITY BANK OF MONTANA * 18C
* Branch
Opportunity Bank of Montana, Helena, Montana, to merge with State Bank of Townsend, Townsend, Montana, and incident thereto, establish branches.
Newspaper: Not available
Federal Register: Not applicable


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