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 September 24, 2022

Filer

Filing Type

Filing Proposal

End of Comment Period

BERESFORD BANCORPORATION, INC.

CIC

The Frank Farrar Dynasty Trust II, and Robert Farrar, as trustee and individually, both of Britton, South Dakota; to acquire voting shares of Beresford Bancorporation, Inc., Britton, South Dakota, and thereby indirectly acquire First Savings Bank, Beresford, South Dakota, as part of a group acting in concert that includes the Frank L. Farrar & Patricia J. Farrar Irrevocable Trust, Britton, South Dakota, Robert Farrar, as trustee; Anne M. Farrar, St. Paul, Minnesota; Sally A. Farrar, Arkansaw, Wisconsin; Jeanne Farrar Orfield, Minneapolis, Minnesota; Mary S. Farrar Turner, Pierre, South Dakota; Samuel Farrar Orfield, Minneapolis, Minnesota; Arthur Turner, Lauderdale, Minnesota; Frank Turner, Hettinger, North Dakota; and Reid Turner, Iowa City, Iowa.

Newspaper:	Not available
Federal Register:	Not available

CAPITOL BANCORPORATION, INC.

CIC

The Frank Farrar Dynasty Trust II, and Robert Farrar, as trustee and individually, both of Britton, South Dakota; to acquire voting shares of Capitol Bancorporation, Inc., Britton, South Dakota, and thereby indirectly acquire First National Bank, Ft. Pierre, South Dakota, as part of a group acting in concert that includes the Frank L. Farrar & Patricia J. Farrar Irrevocable Trust, Britton, South Dakota, Robert Farrar, as trustee; Anne M. Farrar, St. Paul, Minnesota; Sally A. Farrar, Arkansaw, Wisconsin; Jeanne Farrar Orfield, Minneapolis, Minnesota; Mary S. Farrar Turner, Pierre, South Dakota; Samuel Farrar Orfield, Minneapolis, Minnesota; Arthur Turner, Lauderdale, Minnesota; Frank Turner, Hettinger, North Dakota; and Reid Turner, Iowa City, Iowa.

Newspaper:	Not available
Federal Register:	Not available

FIRST RUSHMORE BANCORPORATION, INC.

CIC

Change in Control Notice by the Mark Jon Vis, Worthington, Minnesota, as co-Trustee, to acquire control of First State Bank Southwest KSOP Plan and Trust, Worthington, Minnesota, which controls 25% or more of the shares of First Rushmore Bancorporation, Inc., Worthington, Minnesota. First Rushmore, Inc., controls First State Bank Southwest, Pipestone, Minnesota.

Newspaper:	10/12/2022
Federal Register:	Not available

FULDA BANCORPORATION INC.

CIC

The Frank Farrar Dynasty Trust II, and Robert Farrar, as trustee and individually, both of Britton, South Dakota; to acquire voting shares of Fulda Bancorporation, Inc., Britton, South Dakota, and thereby indirectly acquire First National Bank, Oldham, South Dakota, as part of a group acting in concert that includes the Frank L. Farrar & Patricia J. Farrar Irrevocable Trust, Britton, South Dakota, Robert Farrar, as trustee.

Newspaper:	Not available
Federal Register:	Not available

HIGHLAND BANCSHARES, INC.

* 3A3

Highland Bancshares, Inc., Saint Michael, Minnesota, to acquire Boundary Waters Bank, Ely, Minnesota.

Newspaper:	10/08/2022
Federal Register:	10/24/2022

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 September 24, 2022

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 9
Federal Reserve Bank of: Minneapolis