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 1, 2014

Filer Filing Type Filing Proposal End of Comment Period
HINSDALE BANK & TRUST COMPANY PWI Hinsdale Bank & Trust Company, Hinsdale, Illinois, has made an investment of $350,000 in a Loan Fund managed by Chicago Community Loan Fund (CCLF), a Community Development Financial Institution (CDFI).
Newspaper: Not applicable
Federal Register: Not applicable
IOWA STATE BANK * Branch Iowa State Bank, Wapello, Iowa, to establish a branch facility to be located at 270 S 68th Street, West Des Moines, Iowa.
Newspaper: 01/25/2014
Federal Register: Not applicable
NORTH SHORE COMMUNITY BANK & TRUST COMPANY PWI North Shore Community Bank & Trust Company, Wilmette, Illinois, has made an investment of $325,000 in a Loan Fund managed by Chicago Community Loan Fund (CCLF), a Community Development Financial Institution (CDFI).
Newspaper: Not applicable
Federal Register: Not applicable
STATE BANK OF THE LAKES PWI State Bank of the Lakes, Antioch, Illinois, has made an investment of $325,000 in a Loan Fund managed by Chicago Community Loan Fund (CCLF), a Community Development Financial Institution (CDFI).
Newspaper: Not applicable
Federal Register: Not applicable
VILLAGE BANK & TRUST PWI Village Bank & Trust Company, Arlington Heights, Illinois, has made an investment of $325,000 in a Loan Fund managed by Chicago Community Loan Fund (CCLF), a Community Development Financial Institution (CDFI).
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
BAYLAKE BK, STURGEON BAY, WISCONSIN 280044 08/26/2013 01/25/2014 S Large Bank
FIRST CMNTY BK, HARBOR SPRINGS, MICHIGAN 932745 09/30/2013 01/15/2014 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: February 07, 2014