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 April 25, 2020

Filer Filing Type Filing Proposal End of Comment Period
DACOTAH BANK * 18C
* Branch
Dacotah Bank, Aberdeen, South Dakota, to merge with First State Bank of Claremont, Groton, South Dakota, and incident thereto, establish branches.
Newspaper: Not available
Federal Register: Not applicable
KENSINGTON BANCORP., INC. CIC Notice by James Sexton, Scottsdale, Arizona, to retain shares of Kensington Bancorp, Inc., Kensington, Minnesota (KBI) and thereby join the Sexton shareholder group acting in concert, which controls 25% or more of the shares of KBI. KBI controls Kensington Bank, Kensington, Minnesota.
Newspaper: Not available
Federal Register: 05/11/2020
STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN * 3A3 Stearns Financial Services, Inc., Employee Stock Ownership Plan, Saint Cloud, Minnesota, to acquire additional stock and increase its ownership interest up to approximately 20.66% of Stearns Financial Services, Inc., Saint Cloud, Minnesota, and thereby indirectly increase its control of Stearns Bank National Association, Saint Cloud, Minnesota, Stearns Bank of Upsala, National Association, Upsala, Minnesota, and Stearns Bank of Holdingford, National Association, Holdingford, Minnesota.
Newspaper: 04/21/2020
Federal Register: 04/29/2020
WAUMANDEE BANCSHARES, LTD. * 3A3 Waumandee Bancshares, Ltd., Waumandee, Wisconsin to acquire voting shares of Union Bank of Blair, Blair, Wisconsin.
Newspaper: Not available
Federal Register: 05/19/2020
WESTERN BANCORPORATION, INC. CIC The Western National Bank and Affiliates Employee Stock Ownership Plan, Duluth, Minnesota; Stephen H. Lewis, Duluth, Minnesota; and William S. Lewis, Hermantown, Minnesota, as co-trustees, a group acting in concert, to retain control of Western Bancorporation, Inc., Duluth, Minnesota, and thereby indirectly retain control of Western National Bank, Duluth, Minnesota; Cass Lake Company, Cass Lake, Minnesota; and Western National Bank, Cass Lake, 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