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 July 8, 2006

Filer Filing Type Filing Proposal End of Comment Period
1ST SOURCE BANK * Branch 1st Source Bank, South Bend, Indiana, to establish a branch facility to be located at 450 State Road 23, Granger, Indiana.
Newspaper: 07/17/2006
Federal Register: Not applicable
FIRST AMERICAN BANK * 18C
* Branch
First American Bank, Fort Dodge, Iowa, to merge with Waukee State Bank, Waukee, Iowa, and incident thereto, to establish a branch office at the existing location of Waukee State Bank, 45 North Warrior Lane, Waukee, Iowa; and the related application by Stark Bank Group, Ltd., Fort Dodge, Iowa, requesting a waiver from filing an application to merge with Commerce Bancshares, Inc., Waukee, Iowa, and thereby indirectly acquire Waukee State Bank, Waukee, Iowa.
Newspaper: 07/07/2006
Federal Register: Not applicable
FIRST COMMUNITY FINANCIAL PARTNERS, INC. 4c8
* 3A1
First Community Financial Partners, Inc., Joliet, Illinois, to become a bank holding company by acquiring 100 percent of the voting shares of First Community Bank of Joliet, Joliet, Illinois, and to engage de novo in lending activities.
Newspaper: 07/03/2006
Federal Register: 07/07/2006
FIRST FARMERS BANK & TRUST * 18C
* Branch
First Farmers Bank & Trust Co., Converse, Indiana, to purchase certain assets and assume certain liabilities of three Indiana branch offices of Fifth Third Bank, Grand Rapids, Michigan, located in Culver, Knox, and North Judson, and thereby to establish three branch offices.
Newspaper: Not available
Federal Register: Not applicable
LEIGHTON INVESTMENT COMPANY CIC Notice by Richard N. Glendening of Pella, Iowa, individually and as trustee of the Richard Glendening Trust and the Linda Glendening Subchapter S Trust to retain control of 35.34 percent and acting in concert with the Glendening Family (Richard & Mary Glendening, Pella, Iowa; Linda Glendening, Pella, IA; Kara & Nathan Busker, Oakland, NJ; Eric & Sanae Glendening, Terre Hante, IN; Erin Glendening, Pittsburgh, PA; Brent & Mary Jaco, Galveston, TX) to retain control of 39.53 percent of Leighton Investment Company, Pella, Iowa.
Newspaper: 06/29/2006
Federal Register: 06/13/2006
NORTHPOINTE BANCSHARES, INC. CIC Notice by Harvey N. Gainey, Sr., Grand Rapids, Michigan, to acquire control, through the acquisition of additional shares, of 20.94 percent of Northpointe Bancshares, Inc., Grand Rapids, Michigan, and thereby indirectly acquire Northpointe Bank, Grand Rapids, Michigan.
Newspaper: 06/13/2006
Federal Register: 06/15/2006
OHNWARD BANCSHARES, INC. * 4c8 Ohnward Bancshares, Inc., Maquoketa, Iowa, to acquire 100 percent of the voting shares of United Security Financial Corporation, Cedar Rapids, Iowa, and thereby indirectly acquire United Security Savings Bank, Cedar Rapids, Iowa, and thereby operate a savings association.
Newspaper: 07/19/2006
Federal Register: 07/21/2006
PEDCOR CAPITAL, LLC * 3A1 Pedcor Capital, LLC, Carmel, Indiana, to become a bank holding company by acquiring 100 percent of the voting shares of Pedcor Bancorp, Carmel, Indiana, and thereby indirectly acquire International City Bank, N.A., Long Beach, California.
Newspaper: Not available
Federal Register: Not available


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
EASTERN MI BK, CROSWELL, MICHIGAN 643340 03/20/2006 07/06/2006 S Small Bank
MARKESAN ST BK, MARKESAN, WISCONSIN 489641 02/27/2006 06/26/2006 S Small Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

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