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 11, 2020

Filer Filing Type Filing Proposal End of Comment Period
DCNB HOLDING COMPANY CIC Mark R. Law, Sioux Falls, South Dakota, and Susan Berger Law, Oakland, California each individually and together as a group acting in concert, to acquire voting shares of DCNB Holding Company, Clear Lake, South Dakota. DCNB Holding Company controls DNB National Bank, Clear Lake, South Dakota.
Newspaper: 07/14/2020
Federal Register: Not available
PARK FINANCIAL GROUP, INC. * 3A3 Park Financial Group, Inc., Minneapolis, Minnesota, to acquire an additional 51.54 percent, thus increasing its ownership to 100 percent, of the voting shares of Mesaba Bancshares, Inc., Grand Rapids, Minnesota, and thereby indirectly acquire American Bank of the North, Nashwauk, Minnesota, and The Lake Bank, Two Harbors, Minnesota.
Newspaper: 07/30/2020
Federal Register: 08/10/2020
SECURITY FINANCIAL SERVICES CORPORATION * 3A3 Security Financial Services Corporation, Durand, Wisconsin to acquire Jackson County Bank, Black River Falls, Wisconsin.
Newspaper: Not available
Federal Register: 08/06/2020


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