Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 9
Federal Reserve Bank of: Minneapolis

Filings received during the week ending February 27, 2021

Filer

Filing Type

Filing Proposal

End of Comment Period

CHEROKEE BANCSHARES, INC.

CIC

Andrew J. Gesell, St. Paul, Minnesota, individually, and as co-trustee of the Bank Share Marital Trust under the R. James Gesell Declaration of Trust dated January 13, 2000 (Bank Share Marital Trust), St. Paul, Minnesota, to retain and acquire additional voting shares of Cherokee Bancshares, Inc. (Cherokee) and thereby indirectly retain and acquire additional voting shares of BankCherokee (Bank), both of St. Paul, Minnesota. Additionally, Bank Share Marital Trust; Charles R. Gesell, Santa Rosa, California, individually, and as trustee of the Charles R. Gesell Trust Declaration under agreement dated December 30, 1999, Santa Rosa, California; and Peter J. Gesell, Duluth, Minnesota individually, and as trustee of the Peter J. Gesell Trust Declaration under agreement dated December 30, 1999, Duluth, Minnesota; to join the Gesell Family Shareholder Group, a group acting in concert, to retain and acquire additional voting shares of Cherokee, and thereby indirectly retain and acquire voting shares of Bank.

Newspaper:	Not available
Federal Register:	Not available

SECURITY FINANCIAL SERVICES CORPORATION

CIC

Jerome M. Bauer and Susanne M. Bauer, Durand, Wisconsin, to acquire 10 percent or more of the shares and thereby control of Security Financial Services Corporation, Durand, Wisconsin, which controls Security Financial Bank, Durand, Wisconsin, and Jackson County Bank, Black River Falls, Wisconsin. Additionally, Tad M. Bauer and Jodi N. Bauer, Durand, Amanda S. Smith, Eau Galle, Chad W. Smith and Amanda S. Smith, as trustees of the Chad W. and Amanda S. Smith Revocable Grantor Trust, Eau Galle, James M. Bauer and Linda M. Bauer, as trustees of the James M. and Linda M. Bauer Revocable Grantor Trust, Durand, John J. Brantner and Mary Jane Brantner, as trustees of the John J. and Mary Jane Brantner Revocable Grantor Trust, Durand, Timothy A. Hoffman and Julie M. Hoffman, Durand, Janice M. Spindler and Steven R. Spindler, Durand, and Larry J. Weber, as trustee of the Larry J. and Marcia J. Weber Revocable Grantor Trust, Durand, all in Wisconsin, to join the Jerome and Susanne Bauer Family Group, a group acting in concert, to retain 10 percent or more of the shares and thereby control of Security Financial Services Corporation, and thereby indirectly retain control of Security Financial Bank and Jackson County Bank.

Newspaper:	Not available
Federal Register:	Not available

WNB HOLDING COMPANY

CIC

Notice of Change in Control by Kent A. Gernander, Rushford, Minnesota, individually, and as Trustee with Voting Power for the Elizabeth King Bach Trust under Agreement dated July 19, 2019, Winona, Minnesota, the E.L. King Jr. Marital Trust FBO E.L. King III, Winona, Minnesota, the David King Marital Trust created under the Will dated 3/6/95, Winona, Minnesota, the E.L. King Jr. Marital Trust FBO Elizabeth King Bach, Winona, Minnesota, the E.L. King, Jr. Generation Skip Trust FBO E.L. King III, Winona, Minnesota, and the E.L. King, Jr. Generation Skip Trust FBO Elizabeth King Bach, Winona, Minnesota, as a control group acting in concert, to retain 25% or more of the shares and thereby control of WNB Holding Company, Winona, Minnesota. WNB Holding Company, Winona, Minnesota controls WNB Financial, National Association, Winona, Minnesota.

Newspaper:	Not available
Federal Register:	Not available

WNB HOLDING COMPANY

CIC

Notice of Change in Control by Daniel C. King, North Plains, Oregon, E.L. King III and Sarah King, both of Coeur d'Alene, Idaho, Heather A. Bach, LaCrosse, Wisconsin, Nicolle N. Jensen, Santa Fe, New Mexico, Sarah E. Bach-Lumsden, Winona, Minnesota, and Elizabeth King Bach, Winona, Minnesota, as trustee of the Frederick R. King Marital Trust U/W, Winona, Minnesota, and as trustee of the Frederick R. King Family Trust U/W, Winona, Minnesota, as a control group acting in concert, to retain 25% or more of the shares and thereby control of WNB Holding Company, Winona, Minnesota. WNB Holding Company, Winona, Minnesota controls WNB Financial, National Association, Winona, 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

District: 9 Federal Reserve Bank of: Minneapolis

Filings received during the week ending February 27, 2021

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 9
Federal Reserve Bank of: Minneapolis