Actions taken by the Federal Reserve Bank of Chicago under delegated authority

Bank Branches, Domestic
Independent Bank, Grand Rapids, Michigan -- to establish a branch at 12368 Riley Street, Holland, Michigan.
- Approved, May 4, 2022
BANK, Wapello, Iowa -- to establish a branch at 527 Main Street, Mediapolis, Iowa.
- Approved, April 22, 2022
Thumb Bank and Trust, Pigeon, Michigan -- to establish a branch at 2592 South Van Dyke Road, Marlette, Michigan.
- Approved, March 18, 2022
West Michigan Community Bank, Hudsonville, Michigan -- to establish a branch at 51 Ionia Avenue SW, Grand Rapids, Michigan.
- Approved, March 10, 2022
Isabella Bank, Mount Pleasant, Michigan -- to establish a branch at 5705 State Street, Saginaw, Michigan.
- Approved, March 7, 2022
Lake City Bank, Warsaw, Indiana -- to establish a branch at 240 East Jackson Blvd., Elkhart, Indiana.
- Approved, January 26, 2022
Bank Holding Companies
Longview Capital Corporation, Newman, Illinois -- to acquire The Farmers Bank of Mt. Pulaski, Mt. Pulaski, Illinois.
- Approved, June 15, 2022
Palm Grove Bancorp, Inc., Bussey, Iowa -- to become a bank holding company by acquiring State Bank of Bussey, Bussey, Iowa.
- Approved, June 15, 2022
Oxford Bank Corporation, Oxford, Michigan -- to enter indirectly through its subsidiary, Oxford Bank, Oxford, Michigan, into a joint venture with VFS Income Fund 1, LLC, and thereby engage de novo in the nonbanking activity of leasing personal property.
- Approved, May 10, 2022
Providence Financial Corporation, South Holland, Illinois -- waiver of application to acquire The Leaders Bank, Oak Brook, Illinois.
- Granted, March 30, 2022
CNB Holdings, Inc., Monmouth, Illinois -- to become a bank holding company by acquiring Community National Bank in Monmouth, Monmouth, Illinois.
- Approved, March 10, 2022
First Merchants Corporation, Muncie, Indiana -- to merge with Level One Bancorp, Inc., and thereby indirectly acquire Level One Bank, both of Farmington Hills, Michigan.
- Approved, February 22, 2022
Bank Michigan Financial, Brooklyn, Michigan -- to become a bank holding company by acquiring Bank Michigan, Brooklyn, Michigan.
- Approved, February 2, 2022
QCR Holdings, Inc., Moline, Illinois -- (1) to merge with Guaranty Federal Bancshares, Inc., Springfield, Missouri, and (2) concurrently, for Springfield First Community Bank to merge with Guaranty Bank, both of Springfield, Missouri, and thereby establish branches at the main office and branches of Guaranty Bank.
- Approved, January 26, 2022
First Mid Bancshares, Inc., Mattoon, Illinois -- (1) to merge with Delta Bancshares Company and thereby indirectly acquire Jefferson Bank and Trust Company, both of St. Louis, Missouri, and (2) concurrently, for Brock Sub, LLC, a Delaware limited liability company formed to facilitate the proposal, to become a bank holding company for a moment in time, prior to the merger with and into First Mid Bancshares, Inc.
- Approved, January 25, 2022
American Central Bancorporation, Inc., Springfield, Illinois -- to engage de novo in the nonbanking activity of real estate and personal property appraising through a wholly owned subsidiary, American Central Appraisal Services, Springfield, Illinois.
- Approved, January 13, 2022
Bank Mergers
Security Savings Bank, Gowrie, Iowa -- to merge with Manson State Bank, Manson, Iowa, and thereby establish a branch at 1001 Main Street, Manson, Iowa.
- Approved, April 27, 2022
CUSB Bank, Cresco, Iowa -- to purchase the assets and assume the liabilities of the Waverly and Shell Rock branches of Security State Bank, Springville, Iowa, and thereby establish branches at 933 16th Street SW, Waverly, Iowa, and 104 North Cherry Street, Shell Rock, Iowa.
- Approved, February 24, 2022
Change In Bank Control
Vanderbilt Holding Company, Inc., Fairfax, Iowa -- Laurie Neuhaus, Amana, Iowa, acting as trustee of the David C. Neuhaus Bank Stock Revocable Trust, Fairfax, Iowa; individually and together with Patrick Slater, Lois E. Slater, John C. Slater, John E. Neuhaus, and Carla A. Neuhaus, all of Cedar Rapids, Iowa; James Neuhaus, Amana, Iowa, John D. Lefebure, Fairfax, Iowa, acting as trustee of the John D. Lefebure 2010 Revocable Trust; and David J. Slater, Lakewood, Colorado; to become members of the Neuhaus Family Control Group, a group acting in concert, to retain voting shares of Vanderbilt Holding Company, Inc., and thereby indirectly retain voting shares of Fairfax State Savings Bank, Fairfax, Iowa. Additionally, Patrick Slater, Cedar Rapids, Iowa, to acquire additional voting shares of Vanderbilt Holding Company, Inc., and thereby indirectly acquire voting shares of Fairfax State Savings Bank.
- Permitted, June 13, 2022
Woodford Bancshares, Inc., Monroe, Wisconsin -- Jeffrey Anderson, Minneapolis, Minnesota; Ronald Buholzer and Susan Buholzer, as co-trustees of the Ronald and Susan Buholzer Trust, Joshua Lincicum, Braytn Meythaler, and Merik Meythaler, all of Monroe, Wisconsin; Gregory Kranhenbuhl, as trustee of the Gregory K. Kranhenbuhl Survivors Trust, both of Newton, Wisconsin; Myron Meythaler and Linda Meythaler, as co-trustees of the Myron A. Meythaler and Linda L. Meythaler Revocable Trust, Connie Lincicum, Barry Meythaler, and Summer Stietz, all of South Wayne, Wisconsin; Brandi House, Verona, Wisconsin; Jason Lincicum, Lodi, Wisconsin; Jeremy Lincicum, Mt. Horeb, Wisconsin; and Robin Schubert, Warren, Illinois; as a group acting in concert to retain voting shares of Woodford Bancshares, Inc., and thereby indirectly acquire voting shares of Woodford State Bank, Monroe, Wisconsin. Additionally, Jeffrey Anderson Family Trust, Jeffrey Anderson, as trustee, both of Minneapolis, Minnesota; to acquire voting shares of Woodford Bancshares, Inc., and thereby indirectly acquire voting shares of Woodford State Bank.
- Permitted, May 16, 2022
The Baraboo Bancorporation, Inc., Baraboo, Wisconsin -- Robert K. Ginther, Baraboo, Wisconsin, as trustee of the Merlin E. Zitzner Trust for the Benefit of Jenele R. Zitzner; together with Merlin E. Zitzner, Baraboo, Wisconsin; Jenele R. Zitzner, Baraboo, Wisconsin; Alexander M. E. Zitzner, Baraboo, Wisconsin; and Tara Zitzner, Baraboo, Wisconsin, as a group acting in concert, to retain voting shares of The Baraboo Bancorporation, Inc., and thereby indirectly control Baraboo State Bank, Baraboo, Wisconsin.
- Permitted, April 27, 2022
Charlevoix First Corporation, Charlevoix, Michigan -- Elizabeth M. Hodgson, Ann Arbor, Michigan, individually, to retain the voting shares of Charlevoix First Corporation, and thereby indirectly retain voting control of Charlevoix State Bank, Charlevoix, Michigan.
- Permitted, April 27, 2022
Arbor Bancorp, Inc., Ann Arbor, Michigan -- the MCM BAA Investment Trust, with Kristine M.P. Martin and Tye J. Klooster, as co-trustees, and William Seth Martin as business advisor and trust protector, and the WSM BAA Family Trust, with Michael Carl Martin as trustee, trust protector, and business advisor, all of Ann Arbor, Michigan; to become members of the Martin Family Control Group, a group acting in concert, to acquire voting shares of Arbor Bancorp, Inc., and thereby indirectly acquire voting shares of Bank of Ann Arbor, Ann Arbor, Michigan.
- Permitted, April 22, 2022
Luana Bancorporation, Luana, Iowa -- Sarah Schultz Freilinger, Monona, Iowa, individually and as trustee of the Blake Schultz 2022 Irrevocable Trust, Des Moines, Iowa; and Stephanie Steele, Luana, Iowa; to join David Schultz as members of the Schultz Family Control Group, a group acting in concert, to retain voting shares of Luana Bancorporation, and thereby indirectly retain voting shares of Luana Savings Bank, Luana, Iowa.
- Permitted, April 20, 2022
FFBW, Inc., Brookfield, Wisconsin -- First Federal Bank of Wisconsin Employee Stock Ownership Plan, Racine, Wisconsin, to acquire voting shares of FFBW, Inc., and thereby indirectly acquire voting shares of First Federal Bank of Wisconsin, Waukesha, Wisconsin.
- Permitted, March 22, 2022
Firsnabanco, Inc., Viroqua, Wisconsin -- Jeffrey Ilstrup, Onalaska, Wisconsin, and Richard Davig, Viroqua, Wisconsin, as members of the Ilstrup Family Control Group, a group acting in concert, to acquire additional voting shares of Firsnabanco, Inc., and thereby indirectly acquire voting shares of Citizens First Bank, Viroqua, Wisconsin.
- Permitted, March 21, 2022
HTB, Inc., Osage, Iowa -- Jere M. Ahrens, Houston, Texas, individually, and acting in concert with Karen L. Ahrens, North Fort Myers, Florida; Jessica A. Ahrens Bingaman, Fort Worth, Texas; Jill A. Ahrens, Houston, Texas; Lindsay S. Ahrens Dahl, Camp Crook, South Dakota; Jenna K. Ahrens Brown, Laramie, Wyoming; Becky C. Campbell, Houston, Texas; and Brian E. Campbell, San Diego, California, to join the Ahrens Family Control Group and retain voting shares of HTB, Inc., and thereby retain voting shares of Home Trust & Savings Bank, Osage, Iowa.
- Permitted, March 10, 2022
BTC Financial Corporation, Des Moines, Iowa -- John Ruan IV, Des Moines, Iowa; James H. Windsor IV, Chicago, Illinois; and Jonathan Hale Hoak, Dallas, Texas; to join Thomas R. Schaefer, Stuart, Florida, as members of the Family Business Advisory Board for The Ruan Trust and The Ruan BTC Trust, both of Des Moines, Iowa, John Ruan IV, as trustee of both trusts, as a group acting in concert to retain voting shares of BTC Financial Corporation, and thereby indirectly retain voting shares of Bankers Trust Company, Des Moines, Iowa.
- Permitted, March 7, 2022
Luana Bancorporation, Luana, Iowa -- Blake Schultz, Norwalk, Iowa; Sarah Freilinger, Monona, Iowa; and Stephanie Steele, Luana, Iowa, to become members of the Schultz Family Control Group, a group acting in concert, to retain voting shares of Luana Bancorporation, and thereby indirectly retain voting shares of Luana Savings Bank, Luana, Iowa.
- Withdrawn, February 25, 2022
Liberty Financial Services, Inc., Sioux City, Iowa -- the First Amended and Restated Mark R. Peterson Bank Trust, the First Amended and Restated Susan P. Depass Bank Trust, the First Amended and Restated Chase R. Peterson Bank Trust, the First Amended and Restated Clair P. Peterson Bank Trust, the First Amended and Restated Cole M. Peterson Bank Trust, and the First Amended and Restated Aja M. Depass Bank Trust, Mark R. Peterson, as trustee, and by Polly P. Peterson Trust, Polly P. Peterson and the Polly P. Peterson IRA with Polly P. Peterson as trustee and owner, respectively, all of Dakota Dunes, South Dakota; to join the Peterson Family Control Group, a group acting in concert, to retain voting shares of Liberty Financial Services, Inc., and thereby indirectly retain voting shares of Liberty National Bank, Sioux City, Iowa.
- Permitted, February 18, 2022
Byline Bancorp, Inc., Chicago, Illinois -- Maria Blanca del Valle Perochena, Mexico City, Mexico; and Maria de Guadalupe del Valle Perochena, Mexico City, Mexico; to become limited partners in MBG Investors I, L.P., Ontario, Canada, and thereby indirectly acquire voting shares of Byline Bancorp, Inc. and Byline Bank, Chicago, Illinois.
- Permitted, February 10, 2022
How-Win Development Co., Cresco, Iowa -- JST 2020 Trust, Stephanie C. Thomson, individually and as co-trustee with CUSB Bank, all of Cresco, Iowa, to join the Thomson Family Control Group, a group acting in concert, to retain voting shares of How-Win Development Co., and thereby indirectly retain voting shares of CUSB Bank, Cresco, Iowa.
- Permitted, February 10, 2022
Brickyard Bancorp, Inc., Lincolnwood, Illinois -- Nathan & Shirley Rothner Family Trust II, Evanston, Illinois, Eric A. Rothner, Chicago, Illinois, trustee; and the Rachel Rothner Accumulation Trust II, the Melissa Rothner Accumulation Trust II, the William Rothner Accumulation Trust II, the Daniel Rothner Accumulation Trust II, the Adam Vales Accumulation Trust II, the Kimberly Vales Accumulation Trust II, and the Kathryn Vales Accumulation Trust II, all of Evanston, Illinois, David M. Aronin, Skokie, Illinois, trustee; to join Eric A. Rothner and form the Rothner Family Control Group, a group acting in concert, to retain the voting shares of Brickyard Bancorp, Inc., and thereby indirectly control Brickyard Bank, Lincolnwood, Illinois.
- Permitted, February 7, 2022
Bement Bancshares, Inc., Bement, Illinois -- Tamara S. Wagers, Mt. Zion, Illinois; Michelle Wilkinson Gross, Bement, Illinois; the Arthur R. Wilkinson Trust, dated April 3, 2010, Arthur R. Wilkinson, as trustee, and the Karen S. Wilkinson Trust, dated April 3, 2010, Karen S. Wilkinson, as trustee, both of Bement, Illinois; and the George Mark Wilkinson Living Trust, dated April 24, 2009, George Mark Wilkinson, trustee, Waikoloa, Hawaii, to form the Wilkinson Family Control Group, a group acting in concert, and the Ann Wilkinson Trust, Ann Wilkinson, trustee, Mountain View, California, individually, to retain the voting shares of Bement Bancshares, Inc., and thereby indirectly retain voting shares of the State Bank of Bement, Bement, Illinois, and the State Bank of Cerro Gordo, Cerro Gordo, Illinois.
- Permitted, January 25, 2022
Spring Bancorp, Inc., Springfield, Illinois -- Tom E. Marantz, Springfield, Illinois, as trustee of the Tom E. Marantz Exempt Trust; the Tom E. Marantz Exempt Trust; Marla J. Marantz, Springfield, Missouri, as trustee of the Marla J. Marantz Exempt Trust; and the Marla J. Marantz Exempt Trust; Gregory Marantz, Springfield, Illinois, as trustee of the Gregory R. Marantz Spring Bancorp Irrevocable Trust; Jennifer Marantz, St. Louis, Missouri, as trustee of the Jennifer A. Marantz Spring Bancorp Irrevocable Trust; and Melissa Knoedler, Springfield, Illinois, as trustee of the Melissa L. Knoedler Spring Bancorp Irrevocable Trust to be added to the Marantz family control group to acquire voting shares of Spring Bancorp, Inc., Springfield, Illinois, and thereby acquire voting shares of Bank of Springfield, Springfield, Illinois.
- Permitted, January 10, 2022
Extensions Of Time
TC Financial Holdings, Inc., Frankfort, Illinois -- extension to March 27, 2022, to become a bank holding company by acquiring Town Center Bank, Frankfort, Illinois.
- Granted, March 31, 2022
Banks, State Member
Ally Bank, Sandy, Utah -- to make certain public welfare investments (two requests).
- Approved, June 15, 2022
Ally Bank, Sandy, Utah -- to make certain public welfare investments (two requests).
- Approved, May 11, 2022
Ally Bank, Sandy, Utah -- to make certain public welfare investments (four requests).
- Approved, April 20, 2022
Ally Bank, Sandy, Utah -- to make a public welfare investment.
- Approved, March 18, 2022
Ally Bank, Sandy, Utah -- to make a public welfare investment.
- Approved, March 14, 2022
Ally Bank, Sandy, Utah -- to make certain public welfare investments (three notices).
- Approved, February 28, 2022
Ally Bank, Sandy, Utah -- to make a public welfare investment.
- Approved, February 1, 2022
Financial Holding Companies
Richmond Mutual Bancorporation, Inc., Richmond, Indiana -- election to become a financial holding company.
- Effective, May 26, 2022
Savings and Loan Holding Companies
Security Federal Mutual Bancorp, Logansport, Indiana -- to become a mutual savings and loan holding company upon the conversion of Security Federal Savings Bank, Logansport, Indiana, from a federal mutual savings association to a stock savings association.
- Approved, June 3, 2022

Last Update: June 23, 2022