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 December 6, 2008

Filer Filing Type Filing Proposal End of Comment Period
FIRST COMMUNITY FINANCIAL PARTNERS, INC. * 3A3 First Community Financial Partners, Inc., Joliet, Illinois, to acquire at least 50.1 percent of the voting shares of Burr Ridge Bank and Trust (in organization), Burr Ridge, Illinois.
Newspaper: Not available
Federal Register: 12/04/2008
FREEPORT BANCSHARES, INC. 4c8 Freeport Bancshares, Inc., Freeport, Illinois, to acquire 100 percent of the voting shares of Community Redevelopment, LLC, Freeport, Illinois, and thereby to engage in extending credit and servicing loans.
Newspaper: Not applicable
Federal Register: Not applicable
PARAMOUNT BANK * 18C
* Branch
Paramount Bank, Farmington Hills, Michigan, to merge with Paramount Bank, Las Vegas, Nevada, and thereby to establish a branch at 7795 West Sahara Avenue, Las Vegas, Nevada.
Newspaper: Not available
Federal Register: Not applicable
PLYMOUTH FINANCIAL CORPORATION CIC Notice by Donald M. Soenen, Plymouth, Michigan, as Trustee of the Donald M. Soenen Trust dated 9/14/84 and Michael J. Soenen, Chicago, Illinois, to retain control of Plymouth Financial Corporation, Plymouth, Michigan, and thereby indirectly retain shares of New Liberty Bank, Plymouth, Michigan.
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
BAYLAKE BK, STURGEON BAY, WISCONSIN 280044 07/09/2007 11/17/2008 S Large Bank
IOWA ST BK, HULL, IOWA 982348 04/21/2008 11/17/2008 S Int Sm 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