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 February 14, 2009

Filer Filing Type Filing Proposal End of Comment Period
BARLOW BANKING CORPORATION 4c8 Barlow Banking Corporation, Iowa Falls, Iowa, for permission to continue to engage in the permissible nonbanking activity of extending credit and servicing loans.
Newspaper: Not applicable
Federal Register: 03/04/2009
GARNAVILLO BANK CORPORATION 4c8 Garnavillo Bank Corporation, Garnavillo, Iowa, to engage in the permissible nonbanking activity of insurance in small towns pursuant to Section 225.28(b)(11)(iii)(A) of Regulation Y.
Newspaper: Not applicable
Federal Register: Not available
GMAC LLC 4c8
* 3A3
GMAC LLC, Detroit, Michigan, to retain 21.5 percent of the voting shares of Capmark Financial Group, Inc., Horsham, Pennsylvania, and thereby indirectly retain control of Capmark Bank, Midvale, Utah and Escrow Bank USA, Midvale, Utah, and thereby to operate an industrial bank.
Newspaper: Not available
Federal Register: 03/02/2009
ROLLING HILLS BANK & TRUST * 18C
* Branch
Rolling Hills Bank & Trust, Atlantic, Iowa, to merge with The First National Bank of Brewster, Brewster, Minnesota, and thereby to establish branches at 224 Tenth Street, Brewster, Minnesota and 229 Tenth Street, Worthington, Minnesota.
Newspaper: Not available
Federal Register: Not applicable
TYGRIS COMMERCIAL FINANCE GROUP, INC. 4c8
* 3A1
Tygris Commercial Finance Group, Inc., Parsippany, New Jersey, to become a bank holding company by acquiring 100 percent of the voting shares of Texico Bancshares Corporation, Texico, Illinois, and thereby indirectly acquire Texico State Bank, Texico, Illinois, and to engage in permissible nonbanking activities through Tygris Vendor Finance, Inc., Parsippany, New Jersey, Tygris Asset Finance, Inc., Chicago, Illinois, Tygris Corporate Finance, Inc., Wilton, Connecticut, TAF Funding I, LLC, Chicago, Illinois, USXL Funding I, LLC, Parsippany, New Jersey, USXL Funding II, LLC, Parsippany, New Jersey, and Pro-Lease, Inc., Parsippany, New Jersey.
Newspaper: 03/02/2009
Federal Register: 02/09/2009


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
BANK OF PONTIAC, PONTIAC, ILLINOIS 930442 10/14/2008 02/05/2009 S Small Bank
CHEMICAL BK, MIDLAND, MICHIGAN 542649 08/11/2008 01/29/2009 O Large Bank
FARMERS & MRCH SVG BK, MANCHESTER, IOWA 863746 10/20/2008 01/27/2009 S Small Bank
LIBERTYVILLE B&TC, LIBERTYVILLE, ILLINOIS 2339795 09/22/2008 01/26/2009 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