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 August 22, 2026
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| Versa Bancorp | * 3A1 * 3A3 Listed DeNovo First Foreign Investment | Versa Bancorp, Minneapolis, Minnesota; to become a bank holding company by acquiring VersaHoldings US Corp., London, Ontario, Canada ("VersaHoldings"), thereby indirectly acquiring VersaBank USA N.A., Holdingford, Minnesota ("VersaBank USA"). In addition, Versa Bancorp, through the acquisition of VersaFinance US Corp., London, Ontario, Canada, to engage in extending credit and servicing loans and data processing pursuant to sections Section 225.28(b)(1) and 225.28(b)(14) of the Board's Regulation Y, respectively, and Versa Bancorp, to make an initial investment in a foreign organization, VersaBank, pursuant to Section 211.9(a)(5) of Regulation K. In addition, GBH Inc., Breslau, Ontario, Canada; to acquire 24.34 percent of the voting shares of Versa Bancorp, and thereby indirectly retain voting shares of VersaHoldings and VersaBank USA. | Not available | Not available |
* 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 |
|---|---|---|---|---|---|
| NORTH AMER BKG CO, ROSEVILLE, MINNESOTA | 2631846 | 10/13/2025 | 06/09/2025 | S | Int Small Bank |
| SECURITY FNCL BK, DURAND, WISCONSIN | 450959 | 11/10/2025 | 05/05/2025 | O | Int Small Bank |
CRA Examinations scheduled for Fourth Quarter of 2026 (October 1, 2026 - December 31, 2026) and First Quarter of 2027 (January 1, 2027 - March 31, 2027)
| Institution | Location | Quarter |
|---|---|---|
| FIRST ST BK SOUTHWEST | PIPESTONE, MINNESOTA | Fourth Quarter of 2026 |
| FIRST MT BK | MISSOULA, MONTANA | First Quarter of 2027 |
| FIRST WESTERN B&TC | MINOT, NORTH DAKOTA | First Quarter of 2027 |