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 August 21, 2021

Filer

Filing Type

Filing Proposal

End of Comment Period

FINANCIAL SERVICES OF LOWRY, INC.

CIC

The Peter J. Nelson Trust that is in formation - Kari A.M. Nelson, Trustee, both of Glenwood, Minnesota, to acquire shares of Financial Services of Lowry, Inc.("FSLI"), Lowry, Minnesota and thereby join the Nelson-Martinson family shareholder group acting in concert that collectively controls 25% or more of the shares and thereby controls FSLI. FSLI controls Lowry State Bank, Lowry, Minnesota and First National Bank of Osakis, Osakis, Minnesota.

Newspaper:	Not available
Federal Register:	09/07/2021

MINNESOTA COMMUNITY BANCSHARES, INC.

CIC

Daniel Otten, Hayward, Minnesota, to retain voting shares of Minnesota Community Bancshares, Inc., Albert Lea, Minnesota (MCBI), and thereby indirectly retain voting shares of Arcadian Bank, Hartland, Minnesota (Bank). Additionally, Tony Kermes, Hayward, Minnesota, to acquire voting shares of MCBI, and join the Otten Family Control Group, a group acting in concert, and thereby indirectly acquire voting shares of Bank.

Newspaper:	Not available
Federal Register:	09/03/2021

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
SECURITY FNCL BK, DURAND, WISCONSIN	450959	03/29/2021	08/16/2021	O	Int Small Bank

CRA Examinations scheduled for Fourth Quarter of 2021 (October 1, 2021 - December 31, 2021) and First Quarter of 2022 (January 1, 2022 - March 31, 2022)

Institution	Location	Quarter
CITIZENS B&TC	BIG TIMBER, MONTANA	Fourth Quarter of 2021
WELCOME ST BK	WELCOME, MINNESOTA	Fourth Quarter of 2021
CHARTER BK	EAU CLAIRE, WISCONSIN	First Quarter of 2022
FIRST INTRST BK	BILLINGS, MONTANA	First Quarter of 2022
FIRST WESTERN B&TC	MINOT, NORTH DAKOTA	First Quarter of 2022
PROFINIUM	TRUMAN, MINNESOTA	First Quarter of 2022
YELLOWSTONE BK	LAUREL, MONTANA	First Quarter of 2022

* Subject to the provisions of the Community Reinvestment Act

District: 9 Federal Reserve Bank of: Minneapolis

Filings received during the week ending August 21, 2021

Availability of CRA Public Evaluations

CRA Examinations scheduled for Fourth Quarter of 2021 (October 1, 2021 - December 31, 2021) and First Quarter of 2022 (January 1, 2022 - March 31, 2022)

District: 9
Federal Reserve Bank of: Minneapolis