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 September 13, 2025
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| FARMERS STATE CORPORATION | Change in Bank Control | Jennifer S. Johnson, as co-trustee of the Jennifer S. Johnson Irrevocable Trust I and the Jennifer S. Johnson Irrevocable Trust II (together, the "Johnson Irrevocable Trusts"), trustee of the Jennifer S. Johnson Trust, all of Chanhassen, Minnesota, and as co-trustee of the Susan G. Sneer GST Exempt Family Trust, Mankato, Minnesota; Kelly J. Campbell, Bloomington, Minnesota, as co-trustee of the Johnson Irrevocable Trusts; and Michael J. Werner, as co-trustee of the Stuart J. Sneer Irrevocable Trust I and the Stuart J. Sneer Irrevocable Trust II, all of Battle Lake, Minnesota; to retain voting shares of Farmers State Corporation, Mankato, Minnesota, and thereby indirectly retain voting shares of United Prairie Bank, Mountain Lake, Minnesota. Additionally, Kelly J. Campbell and Michael J. Werner to join the Sneer Family Shareholder Group, a group acting in concert, to retain voting shares of Farmers State Corporation, and thereby indirectly retain voting shares of United Prairie Bank. Jennifer S. Johnson and all of the aforementioned trusts were previously permitted to join the Sneer Family Shareholder Group. | 09/30/2025 | 09/26/2025 |
* 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 |
|---|---|---|---|---|---|
| FIRST MT BK, MISSOULA, MONTANA | 613156 | 06/23/2024 | 09/11/2023 | S | Int Small Bank |
| OPPORTUNITY BK OF MT, HELENA, MONTANA | 685676 | 04/29/2024 | 10/24/2022 | O | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||