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 November 23, 2019

Filer Filing Type Filing Proposal End of Comment Period
AMERICAN BANCOR, LTD. * 3A5 American Bancor, Ltd., Dickinson, North Dakota to merge with Beartooth Financial Corporation, Billings, Montana, and thereby indirectly acquire Beartooth Bank, Billings, Montana.
Newspaper: 12/06/2019
Federal Register: 12/19/2019
FIRST PREMIER BANK * Branch First Premier Bank, Sioux Falls, South Dakota, to establish a branch facility to be located at 202 NW 2nd Street, Madison, South Dakota.
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 First Quarter of 2020 (January 1, 2020 - March 31, 2020) and Second Quarter of 2020 (April 1, 2020 - June 30, 2020)

Institution Location Quarter
1ST BK BROADUS, MONTANAFirst Quarter of 2020
BELT VALLEY BK BELT, MONTANAFirst Quarter of 2020
DACOTAH BK ABERDEEN, SOUTH DAKOTAFirst Quarter of 2020
MERCHANTS ST BK FREEMAN, SOUTH DAKOTAFirst Quarter of 2020
FIRST BK BALDWIN BALDWIN, WISCONSINSecond Quarter of 2020
NORTHWESTERN BK CHIPPEWA FALLS, WISCONSINSecond Quarter of 2020
WADENA ST BK WADENA, MINNESOTASecond Quarter of 2020

* 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