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 October 17, 2026
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| Bonanza Valley Acquisitions, Inc. | * 3A1 | Bonanza Valley Acquisitions, Inc., Brooten, Minnesota, to become a bank holding company by acquiring Bonanza Valley State Bank, Brooten, Minnesota | Not available | Not available |
| FIRST SOUTHEASTERN BANC GROUP, INC. | Change in Bank Control | The Jerome and Barbara Bushman Lifetime Bank Stock Revocable Trust dated December 5, 2023, as amended (the "Lifetime Bank Stock Trust"), Naples, Florida, and Tia G. Bushman, Plymouth, Minnesota, Mitchell Bushman, Hatley, Wisconsin, individually and as co-trustees of the Lifetime Bank Stock Trust, and Barbara A. Bushman, Naples, Florida, as co-trustee of the Lifetime Bank Stock Trust, to join the Bushman Family Group, a group acting in concert, to retain shares of First Southeastern Banc Group, Inc., Harmony, Minnesota and thereby retain shares of First Southeast Bank, Harmony, Minnesota. | 11/01/2026 | Not available |
| FIRST STATE BANK SOUTHWEST | * Branch (Domestic) | First State Bank Southwest, Pipestone, Minnesota, to establish a branch facility to be located at 224 N. Cliff Avenue, Harrisburg, South Dakota, 57032. | Not available | Not applicable |
* 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 Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||