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 April 25, 2026
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| LUANA BANCORPORATION | Change in Bank Control | The Blake Schultz Irrevocable GST Trust with Sarah Schultz Freilinger as Trustee; the Sarah Schultz Freilinger Irrevocable GST Trust with Sarah Schultz Freilinger as Trustee; and the Stephanie Schultz Steele Irrevocable GST Trust with Stephanie Schultz Steele as Trustee, all of Luana, Iowa, to join the Schultz Family Control Group and acquire voting shares of Luana Bancorporation and thereby indirectly acquire voting shares of Luana Savings Bank, both of Luana, Iowa. | 05/14/2026 | 05/13/2026 |
| MERCHANTS BANCORP | Listed Going Concern | Merchants Bancorp, Carmel, Indiana, to acquire Loan Exchange, LLC, Orange, California, and thereby engage in extending credit pursuant to section 225.28(b)(1) of the Board's Regulation Y. | Not applicable | 05/13/2026 |
* 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 MIDWEST, SPIRIT LAKE, IOWA | 45551 | 08/24/2025 | 05/19/2025 | S | Int Small Bank |
| CBI B&TC, MUSCATINE, IOWA | 830542 | 03/08/2026 | 10/20/2025 | O | Int Small Bank |
| COMMUNITY ST BK, ANKENY, IOWA | 790543 | 06/21/2025 | 10/28/2024 | S | Int Small Bank |
| FIRST BK OF BERNE, BERNE, INDIANA | 312244 | 05/16/2025 | 03/03/2025 | S | Int Small Bank |
| FIRST ST BK, EASTPOINTE, MICHIGAN | 113740 | 02/12/2026 | 08/04/2025 | S | Int Small Bank |
| PEOPLES BK, CLIVE, IOWA | 968249 | 01/30/2026 | 10/27/2025 | S | Int Small Bank |
| WOODTRUST BK, WISCONSIN RAPIDS, WISCONSIN | 833749 | 02/23/2026 | 10/06/2025 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||