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 27, 2019

Filer Filing Type Filing Proposal End of Comment Period
BROWNS VALLEY BANCSHARES, INC. CIC Change in Control notice by Patricia Readel, West Fargo, North Dakota, and Robert Zabel, Browns Valley, Minnesota, to retain shares of Browns Valley Bancshares, Inc., Browns Valley, Minnesota ("Browns Valley"), and by Wendy Gruby, Browns Valley, Minnesota, Lindsay Zabel, Waconia, Minnesota, Michael Readel, Moorhead, Minnesota, and Amanda Readel, West Fargo, North Dakota, to acquire shares of Browns Valley as part of a group acting in concert with Patricia Readel and Robert Zabel. Browns Valley controls Union State Bank of Browns Valley, Browns Valley, Minnesota.
Newspaper: Not available
Federal Register: Not available
CAMERON BANCORP, INC. CIC Change in control notice by Ted Gerber and Kelly Gerber, both of Grantsburg, Wisconsin, to retain 10 percent or more of the shares and thereby control of Cameron Bancorp, Inc., Cameron, Wisconsin. Cameron Bancorp, Inc., controls Community Bank of Cameron, Cameron, Wisconsin. Additionally, Mary Gerber, Timothy Gerber, Heather Gerber, Caralyn Duerkop, Justin Duerkop (all of Cameron, Wisconsin), Ernest Tyler Gerber, Menasha, Wisconsin, Nancy Gerber, Exeland, Wisconsin, and Mercedes Gerber, Rice Lake, Wisconsin, to retain shares of Cameron Bancorp, Inc., and thereby join the Gerber Family group acting in concert, which controls greater than 25 percent or more of the shares and thereby control of Cameron Bancorp, Inc., Cameron, Wisconsin.
Newspaper: 07/31/2019
Federal Register: 08/09/2019
FRANDSEN FINANCIAL CORPORATION * 3A3 Frandsen Financial Corporation, Arden Hills, Minnesota, to acquire 100 percent of Peoples Bank Midwest, Hayward, Wisconsin.
Newspaper: 08/17/2019
Federal Register: 08/22/2019
LAKE SHORE III CORPORATION * 3A3 Lake Shore III Corporation, Glenwood City, Wisconsin to acquire 100 percent of First American Bank, National Association, Hudson, Wisconsin.
Newspaper: Not available
Federal Register: 08/26/2019
PIONEER BANK * 18C
* Branch
Pioneer Bank, Mapleton, Minnesota to merge with The Nicollet County Bank of St. Peter, St. Peter, Minnesota and incident thereto, establish a branch.
Newspaper: Not available
Federal Register: Not applicable
SECURITY STATE BANCSHARES OF BEMIDJI, INC. CIC Tiffany Baer Paine and Ryan T. Baer, Bemidji, Minnesota, to gain control of Security State Bancshares of Bemidji, Inc. and thereby indirectly gain control of Security Bank USA, both of Bemidji, 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

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