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 October 23, 2021

Filer Filing Type Filing Proposal End of Comment Period
AMERICAN BANCOR, LTD. * 3A3 American Bancor, Ltd., Dickinson, North Dakota, to acquire Financial Security Bank, Kerkhoven, Minnesota.
Newspaper: Not available
Federal Register: Not available
INDEPENDENT BANCSHARES, INC. * 3A3 Independent Bancshares, Inc., Excelsior, Minnesota, to acquire State Bank of Wheaton, Wheaton, Minnesota.
Newspaper: Not available
Federal Register: Not available
PEOPLES STATE HOLDING COMPANY CIC Robert Raymond Sharkey, Westhope, North Dakota, and Laura Sharkey Rowell, Windermere, Florida, individually and as a group acting in concert, to acquire voting shares of Peoples State Holding Company, and thereby indirectly acquire voting shares of Peoples State Bank, both of Westhope, North Dakota.
Newspaper: Not available
Federal Register: Not available
U.S. BANCORP * 3A3 U.S. Bancorp, Minneapolis, Minnesota, to acquire all of the issued and outstanding shares of common stock of MUFG Union Bank, National Association, San Francisco, California, a direct wholly-owned national bank subsidiary of MUFG Americas Holdings Corporation, New York, New York, and an indirect subsidiary of Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan.
Newspaper: 11/06/2021
Federal Register: 11/17/2021


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
FARMERS ST BK, VICTOR, MONTANA 475354 05/10/2021 10/22/2021 S Int Small Bank


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