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Bank Branches, Domestic
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First Farmers Bank & Trust Co., Converse, Indiana -- to establish a branch at 1511 West South Street, Lebanon, Indiana.
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Approved,
April 17, 2025
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1st Source Bank, South Bend, Indiana -- to establish a branch at 10570 North Michigan Road, [Carmel, Indiana.]
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Approved,
February 23, 2025
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First Farmers Bank & Trust, Converse, Indiana -- to establish a branch at 175 South Rangeline Road, Carmel, Indiana.
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Approved,
February 21, 2025
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Bank Holding Companies
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Orion Bancorporation, Inc., Orion, Illinois -- to merge with Mechanicsville Bancshares, Inc., Mechanicsville, Iowa, and thereby indirectly acquire Bridge Community Bank, Mount Vernon, Iowa.
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Approved,
May 1, 2025
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Longview Capital Corporation, Newman, Illinois -- to acquire Middletown State Bank, Middletown, Illinois.
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Approved,
April 9, 2025
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Longview Capital Corporation, Newman, Illinois -- to acquire Federated Bank, Onarga, Illinois.
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Approved,
April 9, 2025
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Bosshard Financial Group, Inc., La Crosse, Wisconsin -- to merge with Bosshard Banco, Ltd., La Crosse, Wisconsin, and thereby indirectly acquire Intercity State Bank, Schofield, Wisconsin, and The First National Bank of Bangor, Bangor, Wisconsin.
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Approved,
March 17, 2025
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Billfloat, Inc., dba SmartBiz Loans, San Francisco, California -- to become a bank holding company by acquiring United Community Bancshares, Inc., and thereby indirectly acquiring Centrust Bank, N.A., both of Northbrook, Illinois.
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Approved,
February 25, 2025
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Marathon MHC, Wausau, Wisconsin -- for Marathon MHC, a mutual savings and loan holding company that indirectly controls Marathon Bank, Wausau, Wisconsin, to convert to stock form. As part of the conversion, Marathon MHC will merge with and into Marathon Bancorp, Inc., Wausau, Wisconsin, an existing mid-tier stock savings and loan holding company, with Marathon Bancorp, Inc., as the surviving entity.
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Approved,
February 10, 2025
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Backlund Investment Co. Employee Stock Ownership Plan, Peoria Heights, Illinois -- (1) to become a bank holding company by acquiring Backlund Investment Co., Peoria Heights, Illinois, and thereby indirectly acquire Better Banks, Peoria, Illinois, and State Street Bank and Trust Company, Quincy, Illinois, and (2) election to become a financial holding company.
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Approved,
January 24, 2025
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Foresight Financial Group, Inc., Winnebago, Illinois -- waiver of application in connection with the merger of its subsidiary banks.
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Granted,
January 22, 2025
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Bank Mergers
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One Community Bank, Oregon, Wisconsin -- to merge with Intercity State Bank, Schofield, Wisconsin, and establish branches at 962 Grand Avenue, Schofield, Wisconsin; 2900 Schofield Avenue, Weston, Wisconsin; and 3600 Stewart Avenue, Wausau, Wisconsin.
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Approved,
March 13, 2025
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Change In Bank Control
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Osceola Bancorporation, Osceola, Iowa -- the E. Todd Kale Bank Stock Trust, Osceola, Iowa, Eric Todd Kale, Osceola, Iowa and Mark Walz, West Des Moines, Iowa, as co-trustees; the T. Reed Kale Bank Stock Trust, Osceola, Iowa, Mark Walz, as trustee; the Sandra S. Kale Trust, Osceola, Iowa, Mark Walz, as trustee; and the J. Fred Reed Jr. Grandchild's Trust for Bank Stock, Osceola, Iowa, Eric Todd Kale, individually, and as trustee; to join the Kale Family Control Group, a group acting in concert, to retain voting shares of Osceola Bancorporation and thereby indirectly retain voting shares of American State Bank, Osceola, Iowa.
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Permitted,
April 29, 2025
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Devon Bancorp, Inc., Chicago, Illinois -- Donna Loundy, Glenview, Illinois; Joseph Loundy, Chicago, Illinois; Daniel Loundy, Ingleside, Illinois; David Loundy, Glencoe, Illinois; Alexander Loundy, Glencoe, Illinois; Samuel Loundy, Glencoe, Illinois; Ari Loundy, Chicago, Illinois; Ronen Loundy, Kenosha, Wisconsin; Elan Loundy, Boulder, Colorado; Irving Loundy, Chicago, Illinois; and LFI Glenview, LLC, Glenview, Illinois, a group acting in concert, to retain voting shares of Devon Bancorp, Inc., and thereby indirectly retain voting shares of Devon Bank, Chicago, Illinois.
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Withdrawn,
April 17, 2025
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Scott Bancshares, Inc., Bethany, Illinois -- the Myron L. Scott Trust, Myron L. Scott, as trustee, and the Barbara M. Scott Trust, Barbara Scott, as trustee, all of Bethany, Illinois; Alyssa Scott Pagel, Franklin, Tennesee; the Kristen K. Miller Revocable Trust, Todd and Kristen Miller, as co-trustees, Madelyn K. Miller, and Mason S. Miller, all of Edwardsville, Illinois; and Jamie L. Scott, Aldan, Pennsylvania; as members of the Scott Family Group, a group acting in concert, to retain voting shares of Scott Bancshares, Inc., and thereby indirectly retain voting shares of Scott State Bank, Bethany, Illinois.
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Permitted,
April 3, 2025
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United Iowa Bancshares Inc., Newton, Iowa -- Robert M. Kahn and Kristin Kahn, both of Newton, Iowa, Michael S. Albright and Mollie Albright, both of Sioux City, Iowa, and Megan Kahn, Basalt, Colorado, to join the Kahn Family Control Group, a group acting in concert, to retain voting shares of United Iowa Bancshares Inc., and thereby retain voting shares of FNNB Bank.
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Permitted,
February 14, 2025
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Community Financial Corporation, Edgewood, Iowa -- Steven A. Brady, Edgewood, Iowa, individually to become the largest shareholder; Madonna J. Brady, Edgewood, Iowa; Benjamin A. Brady, Laurel, Maryland; Lucas S. Brady, Edgewood, Iowa; and Jonathan J. Brady, Shawnee, Kansas City, to form the Brady Family Control Group, a group acting in concert, to acquire voting shares of Community Financial Corporation and thereby indirectly acquire voting shares of Community Savings Bank, Edgewood, Iowa.
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Permitted,
February 11, 2025
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Backlund Investment Co., Peoria Heights, Illinois -- the Consolidated Amendment and Restatement of the Backlund Better Bank Revocable Living Trust and the B.F. Backlund Revocable Trust, the Backlund Family Trust, the Steve E. Backlund Restated Revocable Trust Agreement, Steve E. Backlund, as trustee, all of Peoria Heights, Illinois; the Backlund Investment Co. Employee Stock Ownership Plan and Trust, Steve E. Backlund, Tera R. Backlund, James P. Ghiglieri, III, Melissa L. May, Robert D. Mowrer, Jr., Timothy H. Peterson, and H. Scott Smith, as co-trustees, all of Peoria Heights, Illinois; Robert D. Mowrer, Jr., Aledo, Texas; Michael E. Peterson and Helene M. Peterson, both of Peoria, Illinois; and Timothy H. Peterson, Dunlap, Illinois; as a group acting in concert, to retain voting shares of Backlund Investment Co. and thereby indirectly retain voting shares of Better Banks, Peoria, Illinois, and State Street Bank and Trust Company, Quincy, Illinois.
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Permitted,
January 24, 2025
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Oak Financial, Inc., Fitchburg, Wisconsin -- the Gabrielse Joint Revocable Trust, Bruce J. Gabrielse and Barbara L. Gabrielse, as co-trustees, all of Fitchburg, Wisconsin; the Jack and Denise Gabrielse Revocable Trust, Jack L. Gabrielse and Denise L. Gabrielse, as co-trustees, all of Oregon, Wisconsin; and the Gabrielse Joint Revocable Trust, Brian J. Gabrielse and Jennifer K. Gabrielse, as co-trustees, all of Madison, Wisconsin; to join the Gabrielse Family Control Group, a group acting in concert, to retain voting shares of Oak Financial, Inc., and thereby indirectly retain voting shares of Oak Bank, Fitchburg, Wisconsin.
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Permitted,
January 15, 2025
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Banks, State Member
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CIBC Bank USA, Chicago, Illinois -- to make a public welfare investment.
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Approved,
April 30, 2025
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CIBC Bank USA, Chicago, Illinois -- to make a public welfare investment.
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Approved,
April 24, 2025
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Ally Bank, Sandy, Utah -- to make a public welfare investment.
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Approved,
February 27, 2025
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Independent Bank, Grand Rapids, Michigan -- to make a public welfare investment.
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Approved,
January 16, 2025
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Busey Bank, Champaign, Illinois -- to make a public welfare investment.
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Approved,
January 3, 2025
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Financial Holding Companies
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First Neighbor Bancshares, Inc., Toledo, Illinois -- election to become a financial holding company.
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Effective,
April 21, 2025
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Illinois Valley Bancorp, Inc., Morris, Illinois -- election to become a financial holding company.
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Effective,
February 6, 2025
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Savings and Loan Holding Companies
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The Scott J. Seligman 1993 Long Term Irrevocable Dynasty Trust and the Scott J. Seligman 1993 Irrevocable Dynasty Trust, both of Sioux Falls, South Dakota -- to register as savings and loan holding companies and to retain voting shares of Sterling Bancorp, Inc., and thereby indirectly retain voting shares of Sterling Bank and Trust, FSB, both of Southfield, Michigan.
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Withdrawn,
April 2, 2025
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Eaton Federal Mutual Holding Company and Eaton Federal Stock Holding Company, both of Charlotte, Michigan -- proposed bylaw amendment.
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Approved,
February 12, 2025
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Mutual Federal Bancorp, MHC and Mutual Federal Bancorp, Inc., both of Chicago, Illinois -- to acquire Pulaski Savings Bank, Chicago, Illinois.
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Withdrawn,
January 10, 2025
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