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 September 5, 2026
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| CIBC BANK USA | Public Welfare Investment | CIBC Bank USA, Chicago, Illinois, prior notice of a Public Welfare Investment, pursuant to Section 208.22 of Regulation H. | Not applicable | Not applicable |
| PIONEER DEVELOPMENT COMPANY | Change in Bank Control | The Shennen S.C. Saltzman Irrevocable Bank Trust, Shennen Saltzman, as Trustee, both of Dakota Dunes, South Dakota; together with the Sundae M. Haggerty Irrevocable Trust, Sundae Haggerty as Trustee, both of South Sioux City, Nebraska; and The Saltzman Legacy Bank Trust, Theodore S.C. Saltzman, as Trustee, both of Dakota Dunes, South Dakota, intend to join the Saltzman Family Control Group, a group acting in concert, to acquire the voting shares of Pioneer Development Company, Sergeant Bluff, Iowa, and thereby acquire the voting shares of Pioneer Bank, Sergeant Bluff, Iowa. Additionally, the First Amended and Restated Theodore G. Saltzman Jr. Bank Trust, M. Colleen Saltzman as Trustee both of Dakota Dunes, South Dakota and Sundae Haggerty as Trust Protector of the same trust both of South Sioux City, Nebraska, to retain the voting shares of Pioneer Development Company, Sergeant Bluff, Iowa, and thereby retain the voting shares of Pioneer Bank, Sergeant Bluff, Iowa. | 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 |
|---|---|---|---|---|---|
| CBI B&TC, MUSCATINE, IOWA | 830542 | 03/08/2026 | 10/20/2025 | O | Int Small Bank |
| CLEAR LAKE B&TC, CLEAR LAKE, IOWA | 865544 | 06/29/2026 | 03/02/2026 | S | Int Small Bank |
| FIRST ST BK, EASTPOINTE, MICHIGAN | 113740 | 02/12/2026 | 08/04/2025 | S | Int Small Bank |
| FRIENDSHIP ST BK, FRIENDSHIP, INDIANA | 427241 | 04/13/2026 | 11/17/2025 | S | Int Small Bank |
| GRAND RIVER BK, GRANDVILLE, MICHIGAN | 3812147 | 12/14/2025 | 07/07/2025 | S | Int Small Bank |
| PEOPLES BK, CLIVE, IOWA | 968249 | 01/30/2026 | 10/27/2025 | S | Int Small Bank |
| ROLLING HILLS B&T, ATLANTIC, IOWA | 882242 | 06/27/2026 | 02/23/2026 | S | Int Small Bank |
| VISIONBANK OF IA, AMES, IOWA | 269049 | 08/24/2026 | 05/04/2026 | 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 | ||