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 January 16, 2021

Filer Filing Type Filing Proposal End of Comment Period
FISHBACK FINANCIAL CORPORATION CIC Ann Fishback Rivlin, Madison, Wisconsin, individually and as trustee of the John T. Fishback Irrevocable Trust; AFR Holdings Trust; JTF Holdings Trust; Patricia S. Fishback GRAT 2B Trust; Patricia S. Fishback GRAT 2C Trust; Patricia S. Fishback GRAT 4C Trust; Patricia S. Fishback GRAT 8C Trust; and Patricia S. Fishback GRAT 10C Trust (all of Brookings, South Dakota and, collectively, "Rivlin Trusts"), to retain control of Fishback Financial Corporation, Brookings, South Dakota ("FFC"), and thereby indirectly retain control of First Bank & Trust, Brookings, South Dakota. In addition, the Rivlin Trusts and the Oliver V. Fishback Trust (Thomas M. Fishback, trustee), Brookings, South Dakota; the Robert E. Fishback GRAT 2C Trust (Patricia S. Fishback, trustee), Brookings, South Dakota; the PVF FFC Holdings Trust (Paul V. Fishback, trustee), Brookings, South Dakota; the JNF FFC Holdings Trust (James N. Fishback, trustee), Sioux Falls, South Dakota; and the Van D. Fishback Revocable FFC Holdings Trust (Van D. Fishback, trustee), Brookings, South Dakota, to retain voting shares and thereby join the Fishback family shareholder group, a group acting in concert, which controls FFC.
Newspaper: Not available
Federal Register: 01/25/2021
VALLEY PREMIER BANK EMPLOYEE STOCK OWNERSHIP PLAN & TRUST CIC Teresa L. Kuhn, Dilworth, Minnesota; to acquire control of voting shares of Bankshares of Hawley, Inc. (Bankshares), by becoming a trustee of Valley Premier Bank Employee Stock Ownership Plan and Trust, which owns Bankshares and thereby indirectly owns Valley Premier Bank, all of Hawley, Minnesota.
Newspaper: 01/27/2021
Federal Register: 01/14/2021


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