Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 9: Federal Reserve Bank of Minneapolis PDF
Filings received during the week ending November 12, 2022
|Filer||Filing Type||Filing Proposal||End of Comment Period|
|RIVER FALLS BANCSHARES, INC.||Change in Bank Control||Eunice M. Moody Trust, Robert H. Moody and Michael Moody as co-trustees, and individually; Kathleen Moody; Elizabeth Moody; and Patricia Moody; to become the Moody Family Shareholder Group, a group acting in concert, to retain voting shares of River Falls Bancshares, Inc., and thereby indirectly retain voting shares of River Falls State Bank, all of River Falls, WI.||Not available||12/05/2022|
|RIVER FALLS BANCSHARES, INC.||Change in Bank Control||Daniel Davison, Star Prairie, WI; Lauren Howard, Duluth, MN; Patrick Davison, Boise, ID; Jacquelyn Sahnow, River Falls, WI; and Steven Davison and Rhonda Davison, both of Alamo, Texas; to become the Davison Family Shareholder Group, a group acting in concert, to retain voting shares of River Falls Bancshares, Inc., and thereby indirectly retain voting shares of River Falls State Bank, both of River Falls, WI.||Not available||11/30/2022|
* Subject to the provisions of the Community Reinvestment Act
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|
|CHARTER BK, EAU CLAIRE, WISCONSIN||160650||09/12/2022||04/11/2022||S||Int Small Bank|
|FIRST WESTERN B&TC, MINOT, NORTH DAKOTA||687951||07/29/2022||03/14/2022||S||Int Small Bank|
|NORTH AMER BKG CO, ROSEVILLE, MINNESOTA||2631846||11/15/2021||06/07/2021||S||Int Small Bank|
CRA Examinations scheduled for Quarter of