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 October 3, 2026

FilerFiling TypeFiling ProposalEnd of Comment Period
NewspaperFederal Register
1870 HOLDINGS, INC.* 3A51870 Holdings, Inc., Monmouth, Illinois, to merge with Rushville Bancshares, Inc., and thereby indirectly acquire Rushville State Bank, both of Rushville, Illinois. Not available10/28/2026
ALLY BANKPublic Welfare InvestmentAlly Bank, Sandy, Utah requests prior approval to make a public welfare investment, pursuant to section 208.22(b)(1)(iv)(A) of Regulation H.Not applicableNot applicable
BANK OF PONTIAC* 18CBank of Pontiac, Pontiac, Illinois to merge with OSB Community Bank, Ottawa, Illinois. As a result of the merger, Bank of Pontiac, Pontiac, Illinois will establish branch offices at 925 La Salle Street, Ottawa, Illinois; 125 W. Bluff Street, Marseilles, Illinois; and 1508 Creek Drive, Morris, Illinois. 10/29/2026Not applicable
READLYN BANCSHARES, INC.Change in Bank ControlThe Mark J. Sexton 2026 Grantor Trust, Mark J. Sexton trustee and trust advisor, all of Saint Paul, Minnesota; the Andrew G. Sexton 2026 Grantor Trust, Andrew G. Sexton trustee and trust advisor, all of Cedar Falls, Iowa; and the Jennifer Sexton Walther 2026 Grantor Trust, Jennifer Sexton Walther trustee and trust advisor, all of Saint Paul, Minnesota, intend to apply to the Federal Reserve Board for permission to join the Sexton Family Control Group, a group acting in concert, and retain 25 percent or more of the shares and thereby control of Readlyn Bancshares, Inc., Saint Paul, Minnesota. Readlyn Bancshares, Inc. controls Nashua Bancshares, Inc., Saint Paul, Minnesota, which controls First State Bank, Nashua, Iowa; Britt Bancshares, Inc., Saint Paul, Minnesota, which controls Nashua Bancshares, Inc. and First State Bank, Britt, Iowa; and Readlyn Savings Bank, Readlyn, Iowa. Not available10/09/2026

* 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 / LocationRSSD IDExam DateCRA Public DateCRA RatingExam Method
CBI B&TC, MUSCATINE, IOWA83054203/08/202610/20/2025OInt Small Bank
CLEAR LAKE B&TC, CLEAR LAKE, IOWA86554406/29/202603/02/2026SInt Small Bank
FIRST ST BK, EASTPOINTE, MICHIGAN11374002/12/202608/04/2025SInt Small Bank
FRIENDSHIP ST BK, FRIENDSHIP, INDIANA42724104/13/202611/17/2025SInt Small Bank
GRAND RIVER BK, GRANDVILLE, MICHIGAN381214712/14/202507/07/2025SInt Small Bank
PEOPLES BK, CLIVE, IOWA96824901/30/202610/27/2025SInt Small Bank
ROLLING HILLS B&T, ATLANTIC, IOWA88224206/27/202602/23/2026SInt Small Bank
VISIONBANK OF IA, AMES, IOWA26904908/24/202605/04/2026SInt Small Bank
WOODTRUST BK, WISCONSIN RAPIDS, WISCONSIN83374902/23/202610/06/2025SInt Small Bank
CRA Examinations scheduled for    Quarter of
InstitutionLocationQuarter
NONE
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Last Update: October 08, 2026