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 26, 2008

Filer Filing Type Filing Proposal End of Comment Period
FBOP CORPORATION * 4c8 FBOP Corporation, Oak Park, Illinois, to acquire 100 percent of the voting shares of PFF Bancorp, Inc., Rancho Cucamonga, California, and thereby indirectly acquire PFF Bank & Trust, Pomona, California, and thereby operate a savings association, Diversified Builders Services, Inc., Rancho Cucamonga, California, and thereby to engage in extending credit and servicing loans, Glencrest Investment Advisers, Rancho Cucamonga, California, and thereby to engage in financial and investment advisory services, and Pomona Financial Services, Rancho Cucamonga, California, and thereby to engage in trust company functions.
Newspaper: 07/22/2008
Federal Register: 07/25/2008
FIRST MICHIGAN BANCORP, INC. CIC Notice by a group acting in concert, composed of Gary Shiffman, West Bloomfield, Michigan, Arthur Weiss, Farmington Hills, Michigan, Ronald Klein, Bloomfield Hills, Michigan, Paul Hodges, Orchard Lake, Michigan, Roman Ferber, West Bloomfield, Michigan, David Freidman, West Bloomfield, Michigan, Steven Freidman, West Bloomfield, Michigan, Brian Wenzel, Howell, Michigan, Sheldon Yellen, Bloomfield Hills, Michigan, Gary Torgow, Oak Park, Michigan, Dov Loketch, Oak Park, Michigan, Joseph Nusbaum, Oak Park, Michigan, David Provost, Birmingham, Michigan, Max Berlin, Southfield, Michigan, Donald Coleman, Bonita Springs, Florida, Albert Papa, Birmingham, Michigan, Robert Naftaly, West Bloomfield, Michigan, Thomas Schellenberg, Cross Village, Michigan, Thomas Brown, Farmington Hills, Michigan, Christine Otto, Oxford, Michigan, James Dunn, Livonia, Michigan, Gary Sakwa, Bloomfield Hills, Michigan, and Frank Hennessey, Ocala, Florida, to acquire over 25 percent of the outstanding voting shares of First Michigan Bancorp, Inc., Troy, Michigan, and thereby to indirectly acquire control of First Michigan Bank, Troy, Michigan.
Newspaper: 07/25/2008
Federal Register: 07/21/2008
HOMETOWN COMMUNITY BANCORP, INC. * 3A5
* 18C
* Branch 		Hometown Community Bancorp, Inc., Morton, Illinois and Hometown Community Bancorp Employee Stock Ownership Plan and Trust, Morton, Illinois, to merge with Alpha Financial Group, Inc., Toluca, Illinois and Alpha Financial Group, Inc. Employee Stock Ownership Plan, Toluca, Illinois, and thereby indirectly acquire Alpha Community Bank, Toluca, Illinois, and the related application by Morton Community Bank, Morton, Illinois, to merge with Alpha Community Bank, Toluca, Illinois, and thereby to establish 4 branches.
Newspaper: Not available
Federal Register: 08/08/2008
IBT BANCORP, INC. * 3A3 IBT Bancorp, Inc., Mt. Pleasant, Michigan, to retain 5.9 percent of the voting shares of Valley Financial Group, Ltd., Saginaw, Michigan, and thereby indirectly retain shares of 1st State Bank, Saginaw, Michigan.
Newspaper: Not available
Federal Register: 06/02/2008
JOHNSON BANK * Branch Johnson Bank, Racine, Wisconsin, to establish a branch facility to be located at 1902 W. Parkside Lane, Phoenix, Arizona.
Newspaper: 07/25/2008
Federal Register: Not applicable
PREMIER BANCORP OF ILLINOIS, INC. * 3A3 Premier Bancorp of Illinois, Inc., Farmer City, Illinois, to retain 20.8 percent of the voting shares of FM Bancorp, Inc., Paxton, Illinois, and thereby indirectly retain control of Farmers-Merchants National Bank of Paxton, Paxton, Illinois.
Newspaper: Not available
Federal Register: Not available
PREMIER BANCORP OF ILLINOIS, INC. 4c8 Premier Bancorp of Illinois, Inc., Farmer City, Illinois, to retain its indirect 40 percent ownership interest in TriCapital, L.L.C., Indianapolis, Indiana.
Newspaper: Not applicable
Federal Register: Not applicable


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
MIDWEST BK WESTERN IL, MONMOUTH, ILLINOIS 709143 02/25/2008 07/08/2008 S Large Bank
PREMIER BK, DUBUQUE, IOWA 2687133 03/17/2008 07/07/2008 S Small 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

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Last update: July 31, 2008