Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 7: Federal Reserve Bank of Chicago PDF
Filings received during the week ending November 8, 2025
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| ARTHUR R. MURRAY, INC. | Change in Bank Control | The Murray Family Trust, dated December 28, 2015, with Citizens State Bank, Trustee, and Arthur R. Murray, III all of Milford, Illinois, and Christopher Murray of Ballwin, Illinois, with voting rights; Arthur R. Murray, III, individually and as executor of the Estate of Phyllis. M. Murray; and together with Christopher Murray, to form the Murray Family Group; to acquire Arthur Murray, Inc of Milford, Illinois and indirectly acquire Citizens State Bank, Milford, Illinois and and Dewey Bank, Dewey, Illinois. | Not available | Not available |
| BUSEY BANK | Public Welfare Investment | Busey Bank, Champaign, Illinois, request prior approval to make a public welfare investment, pursuant to Section 208.22(d) of Regulation H. | Not applicable | Not applicable |
| BUSEY BANK | Public Welfare Investment | Busey Bank, Champaign, Illinois, request prior approval to make a public welfare investment, pursuant to Section 208.22(d) of Regulation H. | Not applicable | Not applicable |
| CAPITAL BANCSHARES, INC. | Change in Bank Control | Rexann L. Brant Revocable Trust, Paullina, Iowa, Rexann L. Brant Trustee, Paullina, Iowa, to join the Leng Family Group, and to retain the voting shares of Capital Bancshares, Inc., Primghar, Iowa, and thereby indirectly retain voting shares of Savings Bank, Primghar, Iowa. | Not available | Not available |
| CIBC BANK USA | Public Welfare Investment | CIBC Bank USA, Chicago, Illinois, requests prior approval to make up a million public welfare investment, pursuant to Section 208.22(d) of Regulation H | Not applicable | Not applicable |
| EWSB BANCORP, INC. | Change in Bank Control | Kory J. Schneider, Carrie A. Schneider, Roger J. Schneider, Georgiana L. Schneider, Kari Burns, Kim Willison, and Linda Schneider to acquire voting shares of EWSB Bancorp, Inc. and thereby indirectly acquire voting shares of East Wisconsin Savings Bank, both of Kaukauna, Wisconsin. | Not available | 10/02/2025 |
| EWSB BANCORP, INC. | Change in Bank Control | Charles D. Schmalz to acquire voting shares of EWSB Bancorp, Inc. and thereby indirectly acquire voting shares of East Wisconsin Savings Bank, both of Kaukauna, Wisconsin. | Not available | 10/02/2025 |
| FAYETTE BANCORPORATION | Change in Bank Control | The Family Trust created under the Mary E. Lensing Revocable Bank Stock Trust, Marion, Iowa, with the Hills Bank and Trust Company, Cedar Rapids, Iowa, as co-trustee and Clair J. Lensing, Marion, Iowa, as co-trustee and family business advisor; and Clair J. Lensing, Marion, Iowa, individually, to join the Lensing Family Control Group, a group acting in concert, and retain voting shares of Fayette Bancorporation, Marion, Iowa and thereby indirectly retain voting shares of Maynard Savings Bank, Maynard, Iowa. | 11/11/2025 | Not available |
| FIRST ILLINOIS CORPORATION | Change in Bank Control | The Leon J. Mizeur Roth IRA; the Leon J. Mizeur IRA; the Leon J. Mizeur Trust, with Leon J. Mizeur as trustee; Robert T. Mizeur; the Robert T. Mizeur IRA; the Ellen A. Mizeur Trust, with Ellen A. Mizeur as trustee; Mary Mizeur; Peter J. Bolt; Lisa A. Bolt; Susan C. Faivre; Samual T. Faivre; Seth J. Faivre; Ella C. Faivre; Andrew Bolt; Daniel Bolt; Mary C. Mizeur; Anne K. Mizeur; and other minor children, all of Springfield, Illinois, a group acting in concert, to retain voting shares of First Illinois Corporation and thereby indirectly retain voting shares of HPB Holdings, Inc. and Hickory Point Bank and Trust, all of Decatur, Illinois. | Not available | Not available |
| FIRST ILLINOIS CORPORATION | Change in Bank Control | David W. Rathje, Decatur, Illinois; Kelly S. Rathje Brandon, Decatur, Illinois; the Jonathan 2012 Irrevocable Trust, with Kelly S. Rathje Brandon and David W. Rathje as co-trustees, all of Decatur, Illinois; the Lauren 2012 Irrevocable Trust, with Kelly S. Rathje Brandon and David W. Rathje as co-trustees, all of Decatur, Illinois; David J. Rathje, Decatur, Illinois; Rachel O. Rathje, Decatur, Illinois; and David J. Rathje, Fort Meyers, Florida, a group acting in concert, to retain voting shares of First Illinois Corporation and thereby indirectly retain voting shares of HPB Holdings, Inc. and Hickory Point Bank and Trust, all of Decatur, Illinois. | Not available | Not available |
| FNB BANSHARES, INC. | Change in Bank Control | Brian David Reichter, Hawkeye, Iowa, individually and as co-trustee of The Bank 1st Employee Stock Ownership Plan ("ESOP"), West Union, Iowa, intends to acquire 10 percent or more of the shares and thereby control of FNB BanShares, Inc., West Union, Iowa; and together with ESOP; Tobin Lee Britt, West Union, Iowa, individually and as co-trustee of ESOP; Shannon Sue Schissel, West Union, Iowa, as co-trustee of ESOP; Kimberly Kay Reichter, Hawkeye, Iowa; and Cheryl Ann Reichter, Elkader, Iowa, a group acting in concert to acquire 25 percent or more of the shares and thereby control of FNB BanShares, Inc. FNB BanShares, Inc., controls Bank 1st, West Union, Iowa. | 11/25/2025 | 11/28/2025 |
| MERCANTILE BANK CORPORATION | * 3A3 | Mercantile Bank Corporation, Grand Rapids, Michigan, to acquire Eastern Michigan Financial Corporation, and thereby indirectly acquire Eastern Michigan Bank, both of Croswell, Michigan. | 11/15/2025 | 12/12/2025 |
| RESOURCE BANCSHARES, INC. | Change in Bank Control | The 2021 Katz Dynasty Trust Milwaukee, Wisconsin, with Peter J. Wilder, Pewaukee, Wisconsin as trustee and Richard Katz, DeKalb Illinois having the power to remove, Richard J. Katz Irrevocable Trust Milwaukee, Wisconsin, with Peter J. Wilder, Pewaukee, Wisconsin as trustee and Kathleen Katz, DeKalb Illinois having the power to remove, and Kathleen Katz, DeKalb, Illinois to acquire voting shares of Resource Bancshares, Inc., and thereby indirectly acquire voting shares of Resource Bank, National Association, both of DeKalb, Illinois | 10/13/2025 | 10/14/2025 |
| SECURITY FINANCIAL, INC. | Change in Bank Control | Todd M. Madson Family Trust Dated May 21, 2024, Jefferson, Iowa, Cheri S. Delay, Jefferson, Iowa, Mark S. Larson, Rushford, Minnesota, Pamela S. Larson, Nashville, Tennessee, Lucus J. Lautner, Urbandale, Iowa, Michael T. Licht, Fort Dodge, Iowa, Bret A. Madson, Jefferson, Iowa, Marie A. Madson Trust, Fairfax Station, Virgina, Roxanne L. Madson, Lee's Summit, Missouri and Debra L. Swift, Warren, Connecticut to retain voting shares of Security Financial, Inc., Farnhamville, Iowa and thereby indirectly retain voting shares of Security Savings Bank, Gowrie, Iowa. | 11/04/2025 | Not available |
| SWORD FINANCIAL CORPORATION | * 3A1 | Horicon Bank Profit Sharing and Employee Stock Ownership Plan, Horicon, Wisconsin to become a bank holding company by acquiring 25% of Sword Financial Corporation and thereby acquire control of Horicon Bank, both of Horicon, Wisconsin. | 12/07/2025 | Not available |
| UNIVERSITY BANCORP, INC. | * 3A3 | University Bancorp, Inc., Ann Arbor, Michigan, to acquire 8.93 percent of Greater Pacific Bancshares and thereby indirectly acquire an interest in Bank of Whittier, National Association, Whittier, California | Not available | Not available |
* Subject to the provisions of the Community Reinvestment Act
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 | 10/25/2024 | 07/15/2024 | S | Int Small Bank |
| CHELSEA ST BK, CHELSEA, MICHIGAN | 711548 | 06/10/2024 | 02/26/2024 | S | Int Small Bank |
| COMMUNITY ST BK, AVILLA, INDIANA | 502746 | 06/15/2024 | 03/04/2024 | S | Int Small Bank |
| GNB BK, GRUNDY CENTER, IOWA | 724744 | 02/08/2025 | 11/18/2024 | S | Int Small Bank |
| GUARANTY BK, SPRINGFIELD, MISSOURI | 3804535 | 03/31/2024 | 05/01/2023 | S | Int Small Bank |
| IOWA ST BK, HULL, IOWA | 982348 | 07/21/2024 | 04/01/2024 | S | Int Small Bank |
| TRI-COUNTY BK, BROWN CITY, MICHIGAN | 695349 | 04/06/2024 | 08/14/2023 | S | Int Small Bank |
| WASHINGTON ST BK, WASHINGTON, IOWA | 433943 | 05/05/2024 | 01/22/2024 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||
Last Update: November 13, 2025