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 April 5, 2008

Filer Filing Type Filing Proposal End of Comment Period
ALPINE BANK OF ILLINOIS Member
* 18C
* Branch
Alpine Bank of Illinois, Rockford, Illinois, to become a member of the Federal Reserve System, and by Alpine Bank of Illinois, Rockford, Illinois, to merge with Belvidere National Bank & Trust Company, Belvidere, Illinois, and thereby to establish 7 branches.
Newspaper: Not available
Federal Register: Not applicable
CITIZENS BANK * Branch Citizens Bank, Flint, Michigan, to establish a branch to be located at 32507 Northwestern Highway, Farmington Hills, Michigan.
Newspaper: 04/04/2008
Federal Register: Not applicable
MAINSOURCE FINANCIAL GROUP, INC. * 3A5 MainSource Financial Group, Inc., Greensburg, Indiana, to acquire 100 percent of the voting shares of 1st Independence Financial Group, Inc., Louisville, Kentucky, and thereby indirectly acquire 1st Independence Bank, Louisville, Kentucky.
Newspaper: Not available
Federal Register: 05/02/2008
MIDSTATE FINANCIAL CORPORATION CIC Notice by Fred W. McKee, Brownsburg, Indiana, Grace M. Norris, Indianapolis, Indiana, George D. McKee, Binghamton, New York, and David H. McKee, Indianapolis, Indiana, to retain their ownership of greater than 25 percent of the outstanding stock of Midstate Financial Corporation, Brownsburg, Indiana, and thereby indirectly retain Hendricks County Bank & Trust Company, Brownsburg, Indiana.
Newspaper: Not available
Federal Register: Not available
NORTHSTAR FINANCIAL GROUP, INC. * 3A3 Northstar Financial Group, Inc., Bad Axe, Michigan, to acquire 100 percent of the voting shares of Grand Haven Bank, Grand Haven, Michigan, Kent Commerce Bank, Kentwood, Michigan, Muskegon Commerce Bank, Muskegon, Michigan, and Paragon Bank & Trust, Holland, Michigan.
Newspaper: Not available
Federal Register: 05/02/2008
NRBC HOLDING CORPORATION * 3A1 NRBC Holding Corporation, Chicago, Illinois, to become a bank holding company by acquiring 100 percent of the voting shares of The National Republic Bank of Chicago, Chicago, Illinois.
Newspaper: 02/22/2008
Federal Register: 02/25/2008
Spence Limited L.P. * 4c8
* 3A3
Black River BancVenture, Inc., Memphis, Tennessee, Spence Limited, L.P., Nashville, Tennessee and Financial Junk, L.L.C., Nashville, Tennessee, to each acquire 22% of Alliant Bank, Sedgwick, Kansas; 9% of Farmers Savings Bank, Keota, Iowa; 20% of Gorham State Bank, Gorham, Kansas; 10% of Greensburg State Bank, Greensburg, Kansas; 8% of Kansas State Bank, Overbrook, Kansas; 15% of Leonardville State Bank, Leonardville, Kansas; 8% of Marquette Farmers State Bank, Marquette, Kansas; 19% of Community Shores Bank Corporation, Muskegon, Michigan, and thereby indirectly acquire Community Shores Bank, Muskegon, Michigan; 15% of Allegiance Bank of North America, Bala Cynwyd, Pennsylvania; 15% of Bay Commercial Bank, Walnut Creek, California; 9.90% of Cornerstone Bank, Moorestown, New Jersey; 6% of SFB Bancorp, Inc., Elizabethon, Tennessee, and indirectly acquire Security Federal Bank, Elizabethon, Tennessee, and thereby to operate a savings association, and 9.9% of Quaint Oak Bancorp, Southampton, Pennsylvania, and indirectly acquire Quaint Oak Savings Bank, Southampton, Pennsylvania, and thereby operate a savings association.
Newspaper: 04/25/2008
Federal Register: Not available
Spence Limited L.P. * 3A1 Spence Limited, L.P., Nashville, Tennessee and Financial Junk, L.L.C., Nashville, Tennessee, to each become a bank holding company by acquiring 48 percent of the voting shares of Michigan Community Bancorp, Ltd., Sterling Heights, Michigan, and thereby indirectly acquire Lakeside Community Bank, Sterling Heights, Michigan.
Newspaper: 04/25/2008
Federal Register: Not available
STATE BANK OF THE LAKES * 18C
* Branch
State Bank of the Lakes, Antioch, Illinois, to purchase the assets and assume the liabilities of the Lake Villa, Illinois branch of Libertyville Bank and Trust Company, Libertyville, Illinois, and thereby to establish a branch located at 345 South Milwaukee Avenue, Lake Villa, Illinois.
Newspaper: 03/31/2008
Federal Register: Not applicable
WISCONSIN BANCORP, INC. * 3A1 Wisconsin Bancorp, Inc., Milwaukee, Wisconsin, to become a bank holding company by acquiring 100 percent of the voting shares of Mid America Bank, Janesville, Wisconsin.
Newspaper: Not available
Federal Register: 04/07/2008


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 AMER BK, FORT DODGE, IOWA 653648 11/05/2007 03/17/2008 S Large Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

* 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