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 November 24, 2018

Filer Filing Type Filing Proposal End of Comment Period
BLACKHAWK BANCORP, INC. * 3A3 Blackhawk Bancorp, Inc., Beloit, Wisconsin to acquire 100 percent of First McHenry Corporation and thereby indirectly acquire The First National Bank of McHenry, both of McHenry, Illinois.
Newspaper: Not available
Federal Register: 12/21/2018
DART FINANCIAL CORPORATION CIC David L. Howland and Melanie S. Dart, as trustees of the David L. Howland and Melanie S. Dart Revocable Trust dated May 27, 2015, both of Mason, Michigan, Stephanie Noel Howland of Saginaw, Michigan, and Marc Miilu of DeWitt, Michigan, to join the Dart Family Control Group and retain 10 percent or more of the shares of Dart Financial Corporation, Mason, Michigan, and thereby indirectly control Dart Bank, Mason, Michigan.
Newspaper: Not available
Federal Register: Not available
ELGIN BANCSHARES, INC. CIC Notice by Jill E. Markowski, individually and as trustee of the Jill E. Sapiente Trust and Jill E. Markowski Descendants Trust, both of Inverness, Illinois; the Jill E. Sapiente Trust, Inverness, Illinois; the Jill E. Markowski Descendants Trust, Inverness, Illinois; together with John S. Sapiente, as trustee of the John S. Sapiente Revocable Trust, Naples, Florida; the John S. Sapiente Revocable Trust, Naples, Florida; Jacqueline M. Buckstaff, as trustee of the Jacqueline M. Sapiente Trust and the Jacqueline M. Buckstaff Descendants Trust, both of Deer Park, Illinois; the Jacqueline M. Sapiente Trust, Deer Park, Illinois; the Jacqueline M. Buckstaff Descendants Trust, Deer Park, Illinois; John A. Sapiente, as trustee of the John A. Sapiente Trust and the Joan A. Sapiente Descendants Trust, Inverness, Illinois; and the John A. Sapiente Trust, Inverness, Illinois; and the John A. Sapiente Descendants Trust, Inverness, Illinois to retain control of more than 25 percent of the voting shares of Elgin Bancshares, Inc., Elgin, Illinois, and thereby indirectly control Union National Bank and Trust Company, Elgin, Illinois.
Newspaper: Not available
Federal Register: 11/28/2018
FIRST FARMERS BANK & TRUST * Branch First Farmers Bank & Trust, Converse, Indiana to establish a branch located at 905 S. Dixie Highway, Hoopeston, Illinois.
Newspaper: 12/01/2018
Federal Register: Not applicable
GLENWOOD STATE BANK * 18C
* Branch
Glenwood State Bank, Glenwood, Iowa, to merge with its sister bank, Frontier Savings Bank, Council Bluffs, Iowa. As a result of the merger, Glenwood State Bank will establish a branch at 940 Valley View Drive, Council Bluffs, Iowa.
Newspaper: 11/23/2018
Federal Register: Not applicable
HEARTLAND BANCORP, INC. * 3A3 Heartland Bancorp, Inc., Bloomington, Illinois, to acquire via merger 100 percent of Lincoln S.B. Corp., and thereby indirectly acquire State Bank of Lincoln, both of Lincoln, Illinois.
Newspaper: Not available
Federal Register: 12/04/2018
JOHNSON BANK * 18C Johnson Bank, Racine, Wisconsin, to purchase certain deposit liabilities of Nationwide Bank, Columbus, Ohio.
Newspaper: Not available
Federal Register: Not applicable
SECURITY AGENCY, INCORPORATED CIC Notice by the 2018 Grantor Trust FBO Rachel Grimstad and 2018 Grantor Trust FBO Gus Grimstad, with Padrin Grimstad as trustee, together with the 2018 Grantor Trust FBO Max Grimstad and 2018 Grantor Trust FBO Oscar Grimstad, with Ann Grimstad as trustee, all of Decorah, Iowa, to join the Grimstad Family Control Group approved on September 21, 2005, and acquire control of 10 percent or more of the voting shares of Security Agency, Inc., and thereby indirectly control Decorah Bank and Trust Company, both of Decorah, Iowa.
Newspaper: Not available
Federal Register: 12/07/2018
TOWN AND COUNTRY FINANCIAL CORPORATION CIC Notice submitted by David Kirschner, Pamela Boldue, Philip Kirschner, Mary Kirschner as a group acting in concert to retain 25 percent or more of the outstanding voting stock and thereby control Town and Country Financial Corporation and indirectly control Town and Country Bank, both of Springfield, Illinois.
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
VILLAGE B&TC, ARLINGTON HEIGHTS, ILLINOIS 2298995 09/19/2016 11/06/2018 O Large Bank


CRA Examinations scheduled for First Quarter of 2019 (January 1, 2019 - March 31, 2019) and Second Quarter of 2019 (April 1, 2019 - June 30, 2019)

Institution Location Quarter
BRISTOL MORGAN BK OAKFIELD, WISCONSINFirst Quarter of 2019
CAMP GROVE ST BK CAMP GROVE, ILLINOISFirst Quarter of 2019
COMMUNITY ST BK ANKENY, IOWAFirst Quarter of 2019
CUSB BK CRESCO, IOWAFirst Quarter of 2019
FIRST BK OF BERNE BERNE, INDIANAFirst Quarter of 2019
FIRST IA ST BK ALBIA, IOWAFirst Quarter of 2019
FREEDOM FNCL BK WEST DES MOINES, IOWAFirst Quarter of 2019
IOWA PRAIRIE BK BRUNSVILLE, IOWAFirst Quarter of 2019
IOWA ST B&TC FAIRFIELD, IOWAFirst Quarter of 2019
MAIN ST BK BINGHAM FARMS, MICHIGANFirst Quarter of 2019
MARKESAN ST BK MARKESAN, WISCONSINFirst Quarter of 2019
SALIN B&TC INDIANAPOLIS, INDIANAFirst Quarter of 2019
TEMPLETON SVGS BK TEMPLETON, IOWAFirst Quarter of 2019
COMMUNITY BK OF ELMHURST ELMHURST, ILLINOISSecond Quarter of 2019
EASTERN MI BK CROSWELL, MICHIGANSecond Quarter of 2019
FARMERS ST BK LAKE VIEW, IOWASecond Quarter of 2019
FIRST CITIZENS BK MASON CITY, IOWASecond Quarter of 2019
FIRST CMNTY B&TC BEECHER, ILLINOISSecond Quarter of 2019
G W JONES EXCHANGE BK MARCELLUS, MICHIGANSecond Quarter of 2019
HOME T&SB OSAGE, IOWASecond Quarter of 2019
OSB CMNTY BK BROOKLYN, MICHIGANSecond Quarter of 2019
SALIN B&TC INDIANAPOLIS, INDIANASecond Quarter of 2019
STATE BK OF THE LAKES ANTIOCH, ILLINOISSecond Quarter of 2019
TITONKA SVG BK TITONKA, IOWASecond Quarter of 2019
TRI-COUNTY BK BROWN CITY, MICHIGANSecond Quarter of 2019
WHEATON B&TC WHEATON, ILLINOISSecond Quarter of 2019
WOODTRUST BK WISCONSIN RAPIDS, WISCONSINSecond Quarter of 2019

* 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