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 30, 2011

Filer Filing Type Filing Proposal End of Comment Period
AMERICAN STATE BANK * 18C
* Branch
American State Bank, Osceola, Iowa, to purchase certain assets and assume the deposits of the Winterset branch office of Exchange State Bank, Adair, Iowa. American State Bank will thereby establish a branch office at 113 S. John Wayne Drive, Winterset, Iowa.
Newspaper: Not available
Federal Register: Not applicable
BANK MIDWEST * 18C
* Branch
Bank Midwest, Spirit Lake, Iowa, to merge with Farmers State Bank of Sherburn, Sherburn, Minnesota. As a result of the merger, Bank Midwest will establish a branch office at 33 North Main Street, Sherburn, Minnesota.
Newspaper: 04/29/2011
Federal Register: Not applicable
CITIZENS BANK * 18C Citizens Bank, Flint, Michigan, to merge with Citizens Bank Wealth Management, National Association, Flint, Michigan.
Newspaper: 05/24/2011
Federal Register: Not applicable
MARSHALL & ILSLEY CORPORATION 4c8 Marshall & Ilsley Corporation, Milwaukee, Wisconsin, to acquire an additional 4 percent equity interest in Taplin, Canida & Habacht, LLC, Miami, Florida, and thereby continue to engage in financial and investment advisory services and securities brokerage services.
Newspaper: Not applicable
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
COLUMBUS JUNCTION ST BK, COLUMBUS JUNCTION, IOWA 836544 12/13/2010 04/04/2011 S Small Bank
IOWA PRAIRIE BK, BRUNSVILLE, IOWA 180443 12/06/2010 04/21/2011 S Small Bank
NORTHSIDE CMNTY BK, GURNEE, ILLINOIS 2533119 11/08/2010 04/25/2011 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