Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 7
Federal Reserve Bank of: Chicago

Filings received during the week ending May 23, 2009

Filer Filing Type Filing Proposal End of Comment Period
CEDAR RAPIDS BANK AND TRUST COMPANY * 18C Cedar Rapids Bank and Trust Company, Cedar Rapids, Iowa, to purchase certain assets and assume certain liabilities of the Cedar Rapids, Iowa office of Village Bank and Trust Company, Cedar Rapids, Iowa.
Newspaper: Not available
Federal Register: Not applicable
COUNTRY BANCORPORATION * 3A3 Country Bancorporation, Crawfordsville, Iowa, to acquire 100 percent of the voting shares of The Exchange State Bank, Springville, Iowa.
Newspaper: 06/06/2009
Federal Register: 06/01/2009
FIRST MID-ILLINOIS BANCSHARES, INC. CIC Notice by Charles A. Adams, Mattoon, Illinois, individually, and with Holly A. Bailey, Howell Paving, Inc., and Howell-Adams Foundation, all of Mattoon, Illinois, as a group acting in concert, to acquire more than 10 percent of the voting shares of First Mid-Illinois Bancshares, Inc., Mattoon, Illinois, and thereby indirectly acquire shares of First Mid-Illinois Bank & Trust, National Association, Mattoon, Illinois.
Newspaper: Not available
Federal Register: Not available
GLENWOOD STATE BANK * 18C
* Branch
Glenwood State Bank, Glenwood, Iowa, to merge with First State Bank, Tabor, Iowa. As a result of their merger, the office at 711 Main Street, Tabor, Iowa, will become a branch of Glenwood State Bank, Glenwood, Iowa.
Newspaper: Not available
Federal Register: Not applicable
HANTZ HOLDINGS, INC. 4c8
* 3A1
Hantz Holdings, Inc., Southfield, Michigan, to become a bank holding company by acquiring 100 percent of the voting shares of Davison State Bank, Davison, Michigan, and also, proposes to acquire Tranex Financial, Inc., Southfield, Michigan and thereby engage in making and servicing loans.
Newspaper: Not available
Federal Register: 06/22/2009
WEST SUBURBAN BANCORP, INC. 4c8 West Suburban Bancorp, Inc., Lombard, Illinois, proposes to engage de novo in extending credit and servicing loans.
Newspaper: Not applicable
Federal Register: 06/09/2009


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
VISIONBANK OF IA, WEST DES MOINES, IOWA 3462092 01/05/2009 04/27/2009 S Small Bank


CRA Examinations scheduled for Third Quarter of 2009 (July 1, 2009 - September 30, 2009)

Institution Location
1ST SOURCE BK SOUTH BEND, INDIANA
BANK OF ELMWOOD RACINE, WISCONSIN
BAYLAKE BK STURGEON BAY, WISCONSIN
CENTRAL BK STORM LAKE, IOWA
CENTRAL ST BK MUSCATINE, IOWA
CITIZENS BK FLINT, MICHIGAN
COMMUNITY BK ELMHURST ELMHURST, ILLINOIS
DEMOTTE ST BK DE MOTTE, INDIANA
FIRST B&T EVANSTON, ILLINOIS
FIRST CMNTY BK HARBOR SPRINGS, MICHIGAN
GRUNDY BK MORRIS, ILLINOIS
ISABELLA BK MOUNT PLEASANT, MICHIGAN
LAKE CITY BK WARSAW, INDIANA
LAKE FOREST B&TC LAKE FOREST, ILLINOIS
LOGAN CTY BK LINCOLN, ILLINOIS
NORTHERN TC CHICAGO, ILLINOIS
SAINT ANSGAR ST BK SAINT ANSGAR, IOWA
SECURITY SVG BK GOWRIE, IOWA
TOWN & CNTRY BK BUFFALO, ILLINOIS

* Subject to the provisions of the Community Reinvestment Act

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco