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

Bank Branches, Domestic
Security Savings Bank, Gowrie, Iowa -- to establish a branch at 725 Shakespeare Avenue, Stratford.
- Approved, September 20, 2019
Marquette Bank, Chicago, Illinois -- to establish a branch at 3435 West 111th Street, Chicago.
- Approved, August 16, 2019
First Midwest Bank, Chicago, Illinois -- to establish a branch at 2801 East 53rd Street, Davenport, Iowa.
- Approved, August 1, 2019
The Northern Trust Company, Chicago, Illinois -- to establish a branch at 2400 Market Street, Philadelphia, Pennsylvania.
- Approved, July 30, 2019
Chemical Bank, Detroit, Michigan -- to establish a branch at 155 West Michigan Avenue, Kalamazoo.
- Approved, July 26, 2019
Grand River Bank, Grandville, Michigan -- to establish a branch at 50 Crahen Avenue, NE, Grand Rapids.
- Approved, June 14, 2019
Hinsdale Bank & Trust Company, Hinsdale, Illinois -- to establish a branch at 1109-1111 West Madison Street, Maywood.
- Approved, April 15, 2019
West Michigan Community Bank, Hudsonville, Michigan -- to establish a branch at 4797 Cascade Road SE, Grand Rapids.
- Approved, March 21, 2019
Midwest Bank, Monmouth, Illinois -- to establish a branch at 300 East Washington Street, East Peoria.
- Approved, March 15, 2019
Wintrust Bank, Chicago, Illinois -- to establish a branch at 4800 North Sheridan Road, Chicago.
- Approved, March 5, 2019
First Farmers Bank & Trust, Converse, Indiana -- to establish a branch at 3510 State Road 38 East, Lafayette.
- Approved, February 21, 2019
Tri-County Bank, Brown City, Michigan -- to establish a branch at 209 South Main Street, Romeo.
- Approved, February 11, 2019
The Northern Trust Company, Chicago, Illinois -- to establish a branch at 4747 Executive Drive, San Diego, California.
- Approved, January 11, 2019
Bank Holding Companies
Discover Financial Services, Riverwoods, Illinois -- to acquire shares through the formation of a subsidiary, DFS Bank, New Castle, Delaware.
- Withdrawn, October 4, 2019
Associated Banc-Corp, Green Bay, Wisconsin -- waiver of application to acquire First Staunton Bancshares, Staunton, Illinois, and The First National Bank in Staunton (FNB Staunton), in connection with the merger of FNB Staunton with and into Associated Bank, Green Bay, Wisconsin.
- Granted, October 1, 2019
Wintrust Financial Corporation, Rosemont, Illinois -- (1) to acquire SBC, Incorporated, Countryside, and thereby indirectly acquire Countryside Bank; and (2) for Countryside Bank to merge with Hinsdale Bank & Trust Company, Hinsdale, and thereby establish branches.
- Approved, September 30, 2019
Ames National Corporation, Ames, Iowa -- to acquire Iowa State Savings Bank, Creston.
- Approved, September 18, 2019
Hometown Community Bancorp, Inc., Morton, Illinois; and Hometown Community Bancorp, Inc. Employee Stock Ownership Plan and Trust -- waiver of application to acquire First Trust and Savings Bank (FTSB), Albany, in connection with the merger of FTSB with and into Morton Community Bank, Morton.
- Granted, September 18, 2019
First Trust Financial Corporation, Kankakee, Illinois -- waiver of application to acquire Prairie State Bancorp, Danforth, and indirectly acquire Farmers State Bank of Danforth (FSB), in connection with the merger of FSB with and into First Trust Bank of Illinois, Kankakee.
- Granted, September 17, 2019
Nicolet Bankshares, Inc., Green Bay, Wisconsin -- waiver of application to acquire Choice Bancorp, Inc., Oshkosh, and indirectly acquire Choice Bank, in connection with the merger of Choice Bank with and into Nicolet National Bank, Green Bay.
- Granted, September 17, 2019
First American Bank Corporation, Elk Grove Village, Illinois -- to acquire Continental National Bank, Miami, Florida.
- Approved, September 10, 2019
First State Bancshares, Inc., New London, Wisconsin -- to merge with Pioneer Bancorp, Inc., Auburndale, and indirectly acquire Pioneer Bank.
- Approved, August 29, 2019
Brodhead Bancshares, Inc., Brodhead, Wisconsin -- to acquire Farmers and Merchants Bank of Orfordville (FMBO), Orfordville, and for The Bank of Brodhead, Brodhead, to merge with FMBO and thereby establish a branch.
- Approved, August 19, 2019
First Merchants Corporation, Muncie, Indiana -- to merge with MBT Financial Corp, Monroe, Michigan, and thereby indirectly acquire Monroe Bank & Trust.
- Approved, August 16, 2019
FSB Holdings, Inc., Fairview, Illinois -- to become a bank holding company by acquiring Fairview State Banking Company, Fairview.
- Approved, August 13, 2019
Wintrust Financial Corporation (Wintrust), Rosemont, Illinois -- to acquire STC Bancshares Corp., St. Charles, and thereby indirectly acquire STC Capital Bank; and for Wintrust's subsidiary bank, St. Charles Bank & Trust Company, St. Charles, to merge with STC and thereby establish branches.
- Approved, August 7, 2019
NEB Corporation, Fond du Lac, Wisconsin -- to merge with National Bancshares Waupun, Inc., Waupun, and thereby indirectly acquire NBW Bank.
- Approved, August 1, 2019
First State Bancshares, Inc., New London, Wisconsin -- to merge with Pioneer Bancorp, Inc., Auburndale, and indirectly acquire Pioneer Bank.
- Withdrawn, July 22, 2019
ChoiceOne Financial Services, Inc., Sparta, Michigan -- to merge with County Bank Corp, Lapeer, and thereby indirectly acquire Lakestone Bank & Trust.
- Approved, July 2, 2019
Sword Financial Corporation, Horicon, Wisconsin -- to merge with Markesan Bancshares, Inc., Markesan, and thereby indirectly acquire Markesan State Bank.
- Approved, June 13, 2019
Richmond Mutual Bancorporation, Inc., Richmond, Indiana -- to become a bank holding company by acquiring First Bank Richmond, Richmond, in connection with the merger of First Mutual of Richmond, Inc., into Richmond Mutual Bancorporation, Inc.  
- Approved, April 25, 2019
Minier Financial, Inc. Employee Stock Ownership Plan w/401(k) Provisions, Minier, Illinois -- to acquire additional shares of Minier Financial, Inc., Minier, and thereby increase its indirect ownership of First Farmers State Bank.
- Approved, April 23, 2019
Old O'Brien Banc Shares, Inc., Sutherland, Iowa -- (1) to merge with R & J Financial Corporation, Inc., Elma, and thereby indirectly acquire Peoples Savings Bank, and (2) election to become a financial holding company.
- Approved, April 18, 2019
Pella Financial Group, Inc., Pella, Iowa -- to acquire Iowa State Savings Bank, Knoxville.
- Approved, April 18, 2019
Wintrust Financial Corporation, Rosemont, Illinois -- to acquire Rush Oak Corporation, Chicago, and thereby indirectly acquire Oak Bank; and for Wintrust Bank, Chicago, to merge with Oak Bank and thereby establish a branch.
- Approved, April 18, 2019
Brodhead Bancshares, Inc., Brodhead, Wisconsin -- to become a bank holding company by acquiring The Bank of Brodhead, Brodhead.
- Approved, April 11, 2019
Forward Financial, Inc., Marshfield, Wisconsin, and Forward Financial, MHC -- to become bank holding companies by acquiring The First National Bank of Park Falls, Park Falls.
- Approved, April 5, 2019
S.B.C.P. Bancorp, Inc., Cross Plains, Wisconsin -- to acquire Union Bancorp of Evansville, Inc., Evansville, and thereby indirectly acquire Union Bank & Trust Company.
- Approved, March 25, 2019
Greenwoods Financial Group, Inc., Lake Mills, Wisconsin -- to acquire Fox River Financial Corporation, Burlington, and thereby indirectly acquire Fox River State Bank.
- Approved, March 18, 2019
MiCommunity Bancorp, Inc., Bloomfield Township, Michigan -- to become a bank holding company by acquiring Mi Bank (in organization), Bloomfield Township.
- Approved, March 13, 2019
First Midwest Bancorp, Inc., Chicago, Illinois -- to acquire Bridgeview Bancorp, Inc., Bridgeview, and thereby indirectly acquire Bridgeview Bank Group; and for First Midwest Bank, Chicago, to merge with Bridgeview Bank Group and thereby establish branches at 11411 West Wadsworth Road, Beach Park; 7940 South Harlem Avenue, Bridgeview; 7300 West 87th Street; 1058 West Bryn Mawr Avenue, Chicago; 1970 North Halsted Street; 6041 North Clark Street; 4605 North Lincoln Avenue; 6366 South Archer Avenue; 4753 North Broadway; 19031 Old LaGrange Road, Mokena; 2760 US-34, Oswego; 3540 Hobson Road, Woodridge; and 1175 Corporate Woods Parkway, Vernon Hills.
- Approved, March 5, 2019
TEB, MHC, Wauwatosa, Wisconsin, and TEB Bancorp, Inc. -- to become a mutual bank holding company and a mid-tier stock bank holding company, respectively, by acquiring The Equitable Bank, S.S.B. (Bank), Wauwatosa, in connection with the conversion of Bank from mutual to stock form and a minority stock issuance by the mid-tier holding company.
- Approved, February 11, 2019
HSBC USA, Inc., New York, New York -- to engage de novo through a newly formed entity, The Consortium, LLC, in data processing activities.
- Approved, January 25, 2019
Blackhawk Bancorp, Inc., Beloit, Wisconsin -- to acquire First McHenry Corporation, McHenry, Illinois, and thereby indirectly acquire The First National Bank of McHenry.
- Approved, January 3, 2019
Bank Mergers
The Bank of Brodhead, Brodhead, Wisconsin -- to merge with New Bank of Brodhead.
- Approved, April 25, 2019
Change In Bank Control
Chebelle Corporation, Belle Plaine, Iowa -- to retain control of Chebelle Corporation and its subsidiary, Chelsea Savings Bank, Belle Plaine.
- Permitted, October 10, 2019
Citizens Bancshares of Loyal, Inc., Loyal, Wisconsin -- change in bank control of Citizens Bancshares of Loyal, Inc., and its subsidiary, Citizens State Bank of Loyal, Loyal.
- Permitted, October 10, 2019
Lee Capital Corp., Fort Madison, Iowa -- to retain control of Lee Capital Corp. and its subsidiary, Lee County Bank, Fort Madison.
- Permitted, October 1, 2019
Rigler Investment Company, Clive, Iowa -- to retain control of Rigler Investment Company and its subsidiaries, Green Circle Investments Inc., Clive, and Peoples Bank.
- Permitted, September 16, 2019
Merchants Bancorp, Carmel, Indiana -- to retain control of Merchants Bancorp and its subsidiaries, Merchants Bank of Indiana, Carmel, and Farmers-Merchants Bank of Illinois, Joy, Illinois.
- Permitted, August 28, 2019
Merchants Bancorp, Carmel, Indiana -- to retain control of Merchants Bancorp and its subsidiaries, Merchants Bank of Indiana, Carmel, and Farmers-Merchants Bank of Illinois, Joy, Illinois.
- Permitted, August 16, 2019
Premier Holdings, Ltd., Rock Valley, Iowa -- to retain control of Premier Holdings, Ltd., and its subsidiary, Premier Bank, Rock Valley.
- Permitted, July 26, 2019
Arendt's, Inc., Montezuma, Iowa -- change in bank control of Arendt's, Inc., and its subsidiary, Peoples Savings Bank, Montezuma.
- Permitted, July 15, 2019
Drake Holding Company, Radcliffe, Iowa -- to retain control of Drake Holding Company and its subsidiary, Security State Bank, Radcliffe.
- Permitted, June 28, 2019
FNB BanShares, Inc., West Union, Iowa -- to retain control of FNB BanShares, Inc., and its subsidiary, Bank 1st, West Union.
- Permitted, June 27, 2019
Town and Country Financial Corporation, Springfield, Illinois -- change in bank control of Town and Country Financial Corporation and its subsidiary, Town and Country Bank, Springfield.
- Permitted, June 18, 2019
Charlevoix First Corporation, Charlevoix, Michigan -- to retain control of Charlevoix First Corporation, and its subsidiary, Charlevoix State Bank, Charlevoix.
- Permitted, June 13, 2019
Solon Financial, Inc., Solon, Iowa -- to retain control of Solon Financial, Inc., and its subsidiary, Solon State Bank, Solon.
- Permitted, May 31, 2019
Lee Capital Corp., Fort Madison, Iowa -- to retain control of Lee Capital Corp. and its subsidiary, Lee County Bank, Fort Madison.
- Permitted, May 24, 2019
Albrecht Financial Services, Inc., Norwalk, Iowa -- change in bank control of Albrecht Financial Services, Inc., and its subsidiary, City State Bank, Norwalk.
- Permitted, May 10, 2019
How-Win Development Co., Cresco, Iowa -- to retain control of How-Win Development Co. and its subsidiary, CUSB Bank, Cresco.
- Permitted, May 9, 2019
Old O'Brien Banc Shares, Inc., Sutherland, Iowa -- change in bank control of Old O'Brien Banc Shares, Inc., and its subsidiary, Security State Bank, Sutherland.
- Permitted, April 30, 2019
Bank First National Corporation, Manitowoc, Wisconsin -- change in bank control of Bank First National Corporation and its subsidiary, Bank First National Association, Manitowoc.
- Permitted, April 30, 2019
BRAD, Inc., Black River Falls, Wisconsin -- change in bank control of BRAD, Inc., and its subsidiary, Black River Country Bank, Black River Falls.
- Permitted, April 18, 2019
S.B.C.P. Bancorp, Inc., Cross Plains, Wisconsin -- change in bank control of S.B.C.P. Bancorp, Inc., and its subsidiary, State Bank of Cross Plains, Cross Plains.
- Permitted, March 28, 2019
Rush-Oak Corporation, Chicago, Illinois -- change in bank control of Rush-Oak Corporation and its subsidiary, Oak Bank, Chicago.
- Withdrawn, March 26, 2019
Horizon Bancorp, Inc., Michigan City, Indiana -- change in bank control of Horizon Bancorp, Inc., and its subsidiary, Horizon Bank, Michigan City.
- Permitted, March 19, 2019
Elgin Bancshares, Inc., Elgin, Illinois -- to retain control of Elgin Bancshares, Inc., and its subsidiary, Union National Bank and Trust Company, Elgin.
- Permitted, March 7, 2019
Emmetsburg Bank Shares, Inc., Emmetsburg, Iowa -- to retain control of Emmetsburg Bank Shares, Inc., and its subsidiaries, Iowa Trust & Savings Bank, Emmetsburg, and Panora State Bank, Panora.
- Permitted, March 5, 2019
First Ottawa Bancshares, Inc., Ottawa, Illinois -- change in bank control of First Ottawa Bancshares, Inc., and its subsidiary, The First National Bank of Ottawa, Ottawa.
- Permitted, March 5, 2019
First Community Bancorp, Inc., Beecher, Illinois -- change in bank control of First Community Bancorp, Inc., and its subsidiary, First Community Bank and Trust, Beecher.
- Permitted, February 22, 2019
Lincoln Bancorp, Reinbeck, Iowa -- to retain control of Lincoln Bancorp and its subsidiary, Lincoln Savings Bank, Cedar Falls.
- Permitted, February 15, 2019
Schaumburg Bancshares, Inc., Schaumburg, Illinois -- change in bank control of Schaumburg Bancshares, Inc., and its subsidiary, Heritage Bank of Schaumburg, Schaumburg.
- Permitted, February 8, 2019
Manning Financial Services, Inc., Manning, Iowa -- change in bank control of Manning Financial Services, Inc., and its subsidiary, The First National Bank of Manning, Manning.
- Permitted, February 5, 2019
Dart Financial Corporation, Mason, Michigan -- to retain control of Dart Financial Corporation and its subsidiary, Dart Bank, Mason.
- Permitted, January 17, 2019
Emmetsburg Bank Shares, Inc., Emmetsburg, Iowa -- to retain control of Emmetsburg Bank Shares, Inc., and its subsidiaries, Iowa Trust & Savings Bank, Emmetsburg, and Panora State Bank, Panora.
- Returned, January 11, 2019
Security Agency, Inc., Decorah, Iowa -- change in bank control of Security Agency, Inc., and its subsidiary, Decorah Bank and Trust Company, Decorah.
- Permitted, January 11, 2019
Extensions Of Time
Minier Financial, Inc. Employee Stock Ownership Plan w/401(k) Provisions, Minier, Illinois -- extension to October 23, 2019, to acquire additional shares of Minier Financial, Inc., Minier, and thereby increase its indirect ownership of First Farmers State Bank.
- Granted, July 10, 2019
HSBC USA, Inc., New York, New York -- extension to July 25, 2019, to engage de novo through a newly formed entity, The Consortium, LLC, in data processing activities.
- Granted, April 18, 2019
Minier Financial, Inc. Employee Stock Ownership Plan w/401(k) Provisions, Minier, Illinois -- extension to April 18, 2019, to acquire shares of Minier Financial, Inc., Minier, and thereby increase its indirect ownership of First Farmers State Bank.
- Granted, January 10, 2019
International Operations
The Northern Trust Company, Chicago, Illinois -- for its foreign bank subsidiary, Northern Trust Global Services Limited, Luxembourg, to establish a foreign branch in London, United Kingdom.
- Withdrawn, February 20, 2019
Membership
First State Bank, East Pointe, Michigan -- to become a member of the Federal Reserve System.
- Approved, April 30, 2019
Peoples Bank, Clive, Iowa -- to become a member of the Federal Reserve System.
- Approved, March 19, 2019
Financial Holding Companies
Ambanc Financial Services, Inc., Beaver Dam, Wisconsin, and American National Bank of Beaver Dam Employee Stock Ownership Trust -- election to become financial holding companies.
- Effective, June 28, 2019
Brodhead Bancshares, Inc., Brodhead, Wisconsin -- election to become a financial holding company.
- Effective, May 16, 2019
Foresight Financial Group, Inc., Winnebago, Illinois -- election to become a financial holding company.
- Effective, March 22, 2019

Last Update: October 17, 2019