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

Bank Branches, Domestic
ChoiceOne Bank, Sparta, Michigan -- to establish a branch at 590 East Division, Rockford.
- Approved, December 1, 2017
Bank of Oakfield, Oakfield, Wisconsin -- to establish a branch at 171 South Pioneer Road, Fond du Lac.
- Approved, November 24, 2017
ChoiceOne Bank, Sparta, Michigan -- to establish a branch at 330 Market Avenue SW, Grand Rapids.
- Approved, October 9, 2017
ChoiceOne Bank, Sparta, Michigan -- to establish a branch at 330 Market Avenue SW, Grand Rapids.
- Approved, October 2, 2017
Bank Iowa, West Des Moines, Iowa -- to establish a branch at 604 Franklin Street, Pella.
- Approved, September 22, 2017
Town Bank, Hartland, Wisconsin -- to establish a branch at the corner of Washington Avenue and Perry Street, Racine.
- Approved, June 29, 2017
Wintrust Bank, Chicago, Illinois -- to establish branches at 2250 North Sheffield Avenue, Chicago, and 333 South State Street.
- Approved, June 8, 2017
The Farmers and Mechanics Bank, Galesburg, Illinois -- to establish a branch at the corner of Knox Square Drive and Veterans Drive, Galesburg.
- Approved, June 5, 2017
Primebank, Le Mars, Iowa -- to establish a branch at 2700 Hamilton Boulevard, Sioux City.
- Approved, May 3, 2017
First American Bank, Fort Dodge, Iowa -- to establish a branch at 4040 Gulf Shore Boulevard North, Naples, Florida.
- Approved, April 17, 2017
Bank of Pontiac, Pontiac, Illinois -- to establish a branch at 85 South Broadway, Coal City.
- Approved, April 13, 2017
First Bank & Trust, Evanston, Illinois -- to establish a branch at 111 West Church Street, Libertyville.
- Approved, January 23, 2017
Huron Community Bank, East Tawas, Michigan -- to establish a branch at 2210 South M-76, West Branch.
- Approved, January 23, 2017
Village Bank & Trust, Arlington Heights, Illinois -- to establish a branch at 1635 Algonquin Road, Rolling Meadows.
- Approved, January 5, 2017
Bank Holding Companies
Rigler Investment Company, New Hampton, Iowa -- to acquire Green Circle Investments, Inc., Clive, and thereby indirectly acquire Peoples Trust and Savings Bank.
- Approved, December 4, 2017
Bank Street Capital Corporation, Waukesha, Wisconsin -- to become a bank holding company by acquiring Waukesha State Bank, Waukesha, and election to become a financial holding company.
- Approved, December 4, 2017
First American Bank Corporation, Elk Grove Village, Illinois -- to acquire via merger Southport Financial Corporation, Kenosha, Wisconsin, and thereby indirectly acquire Southport Bank.
- Approved, October 26, 2017
Iowa State Financial Services Corporation, Fairfield, Iowa -- to continue to engage in extending credit and servicing loans.
- Approved, October 10, 2017
Rigler Investment Company, New Hampton, Iowa -- to acquire Green Circle Investments, Inc., Clive, and thereby indirectly acquire Peoples Trust and Savings Bank.
- Withdrawn, September 22, 2017
Hometown Community Bancorp, Inc., Morton, Illinois, and Hometown Community Bancorp, Inc. ESOP -- to acquire Arthur Bancshares Corp., Arthur, and thereby indirectly acquire State Bank of Arthur.
- Approved, September 8, 2017
QCR Holdings, Inc., Moline, Illinois -- to acquire Guaranty Bank and Trust Company, Cedar Rapids, Iowa, and for QCR Holdings' subsidiary, Cedar Rapids Bank and Trust Company, Cedar Rapids, to merge with Guaranty Bank and Trust Company and thereby establish branches.
- Approved, August 23, 2017
First Busey Corporation, Champaign, Illinois -- to acquire via merger Mid Illinois Bancorp, Inc., Peoria, and thereby indirectly acquire South Side Trust & Savings Bank.
- Approved, August 8, 2017
Bank First National Corporation, Manitowoc, Wisconsin -- to acquire via merger Waupaca Bancorporation, Inc., Waupaca, and thereby indirectly acquire First National Bank.
- Approved, July 14, 2017
Van Buren Bancorporation Employee Stock Ownership Plan, Keosauqua, Iowa -- to acquire additional shares of Van Buren Bancorporation, Keosauqua, and thereby indirectly acquire additional shares of First Iowa State Bank, Albia, and First Iowa State Bank, Keosauqua.
- Approved, July 14, 2017
First American Bankshares, Inc., Fort Atkinson, Wisconsin -- to acquire Commercial Bancshares, Inc., Whitewater, and thereby indirectly acquire Commercial Bank.
- Approved, July 12, 2017
Merchants Bancorp, Carmel, Indiana -- to acquire Joy State Bank, Joy, Illinois.
- Approved, June 27, 2017
West Town Bancorp, Inc., Raleigh, North Carolina -- to acquire Sound Banking Company, Morehead City.
- Approved, June 6, 2017
Treynor Bancshares, Inc., Treynor, Iowa -- to acquire shares of TS Contrarian Bancshares, Inc., Treynor, and thereby indirectly acquire shares of Bank of Tioga, Tioga, North Dakota, and First National Bank & Trust Company, Clinton, Illinois.
- Returned, May 19, 2017
Edgewater Bancorp, Inc., Saint Joseph, Michigan -- to become a bank holding company on conversion of Edgewater Bank, Saint Joseph, from a federal savings bank to a state-chartered bank.
- Approved, May 11, 2017
Wisconsin Mutual Bancorp, MHC, Kaukauna, Wisconsin; and EWSB Bancorp, Inc. -- to become bank holding companies by acquiring East Wisconsin Savings Bank, Kaukauna, reorganizing from a mutual savings bank to a state-chartered stock savings bank.
- Approved, May 1, 2017
First Busey Corporation, Champaign, Illinois -- to acquire via merger First Community Financial Partners, Inc., Joliet, and thereby indirectly acquire First Community Financial Bank, Plainfield.
- Approved, April 26, 2017
First Midwest Bancorp, Inc., Itasca, Illinois -- to retain Premier Asset Management, LLC, Chicago, and thereby engage in financial and investment advisory activities.
- Approved, April 26, 2017
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 20, 2017
WB Bancorp, Inc., New Berlin, Illinois -- to merge with MC Bancorp, Inc., Modesto, and thereby indirectly acquire Bank of Modesto.
- Approved, April 19, 2017
MainSource Financial Group, Inc., Greensburg, Indiana -- to acquire via merger FCB Bancorp, Inc., Louisville, Kentucky, and thereby indirectly acquire The First Capital Bank of Kentucky.
- Approved, March 9, 2017
Nicolet Bankshares, Inc., Green Bay, Wisconsin -- to acquire by merger First Menasha Bancshares, Inc., Neenah, and thereby indirectly acquire The First National Bank-Fox Valley.
- Approved, March 3, 2017
Audubon County Investment Company, Audubon, Iowa -- to become a bank holding company by acquiring Audubon State Bank, Audubon.
- Approved, March 2, 2017
Stratford Bancshares, Inc., Stratford, Wisconsin -- to acquire Spencer Bancorporation, Inc., Spencer, and thereby indirectly acquire Heritage Bank.
- Approved, January 13, 2017
Change In Bank Control
Farmers State Bancshares, Inc., Mason City, Iowa -- to retain control of Farmers State Bancshares, Inc., and its subsidiary, Farmers State Bank, Northwood.
- Permitted, December 4, 2017
Capital Bancshares, Inc., Primghar, Iowa -- to retain control of Capital Bancshares, Inc., and its subsidiary, Savings Bank, Primghar.
- Permitted, November 9, 2017
First American Bankshares, Inc., Fort Atkinson, Wisconsin -- to retain control of First American Bankshares, Inc., and its subsidiaries, PremierBank, Fort Atkinson, and Commercial Bank, Whitewater.
- Permitted, November 3, 2017
Capital Bancshares, Inc., Primghar, Iowa -- to retain control of Capital Bancshares, Inc., and its subsidiary, Savings Bank, Primghar.
- Permitted, October 27, 2017
Community Grain Co., Carroll, Iowa -- change in bank control of Community Grain Company and its subsidiary, Iowa Savings Bank, Carroll.
- Permitted, October 27, 2017
Montgomery Bancshares, Inc., Montgomery, Illinois -- to retain control of Montgomery Bancshares, Inc., and its subsidiary, Bank of Montgomery, Montgomery.
- Permitted, October 17, 2017
TS Contrarian Bancshares, Inc., Treynor, Iowa -- change in bank control of TS Contrarian Bancshares, Inc., and its subsidiaries, Bank of Tioga, Tioga, North Dakota, and First National Bank & Trust Company, Clinton, Illinois.
- Permitted, October 17, 2017
Banner Bancorp, Ltd., Birnamwood, Wisconsin -- to retain control of Banner Bancorp, Ltd., and its subsidiary, Banner Banks, Birnamwood.
- Permitted, September 27, 2017
Titonka Bancshares, Inc., Titonka, Iowa -- change in bank control of Titonka Bancshares, Inc., and its subsidiary, Titonka Savings Bank, Titonka.
- Permitted, September 27, 2017
Southern Michigan Bancorp, Inc., Coldwater, Michigan -- to retain control of Southern Michigan Bancorp, Inc., and its subsidiary, Southern Michigan Bank & Trust, Coldwater.
- Permitted, September 20, 2017
Waupaca Bancorporation, Inc., Waupaca, Wisconsin -- change in bank control of Waupaca Bancorporation, Inc., and its subsidiary, First National Bank, Waupaca.
- Permitted, August 24, 2017
Owen Financial Corporation, Spencer, Indiana -- change in bank control of Owen Financial Corporation and its subsidiary, Owen County State Bank, Spencer.
- Permitted, July 7, 2017
Milford Bancorporation, Milford, Iowa -- change in bank control of Milford Bancorporation, and its subsidiary, United Community Bank, Milford.
- Permitted, June 19, 2017
San Bancorp, Sanborn, Iowa -- change in bank control of San Bancorp and its subsidiary, Sanborn Savings Bank, Sanborn.
- Permitted, June 8, 2017
Citizens Bancshares, Inc., Walnut, Illinois -- change in bank control of Citizens Bancshares, Inc., and its subsidiary, Citizens First State Bank, Walnut.
- Permitted, June 2, 2017
Central Bancshares, Inc., Muscatine, Iowa -- change in bank control of Central Bancshares, Inc., and its subsidiary, CBI Bank & Trust Company, Muscatine.
- Permitted, May 25, 2017
Citizens Bancshares, Inc., Walnut, Illinois -- change in bank control of Citizens Bancshares, Inc., and its subsidiary, Citizens First State Bank of Walnut, Walnut.
- Permitted, May 25, 2017
Guaranty Bankshares, Ltd., Cedar Rapids, Iowa -- change in bank control of Guaranty Bankshares, Ltd., and its subsidiary, Guaranty Bank and Trust Company, Cedar Rapids.
- Permitted, May 9, 2017
Speer Bancshares, Inc., Speer, Illinois -- to retain control of Speer Bancshares, Inc., and its subsidiary, State Bank of Speer, Speer.
- Permitted, May 4, 2017
Speer Bancshares, Inc., Speer, Illinois -- change in bank control of Speer Bancshares, Inc., and its subsidiary, State Bank of Speer, Speer.
- Permitted, May 4, 2017
Citizens Bancshares, Inc., Walnut, Illinois -- change in bank control of Citizens Bancshares, Inc., and its subsidiary, Citizens First State Bank of Walnut, Walnut.
- Permitted, April 13, 2017
Security Financial, Inc., Farnhamville, Iowa -- to retain control of Security Financial, Inc., and its subsidiary, Security Savings Bank, Gowrie.
- Permitted, April 7, 2017
Citizens Bancshares, Inc., Walnut, Illinois -- change in bank control of Citizens Bancshares, Inc., and its subsidiary, Citizens First State Bank of Walnut, Walnut.
- Permitted, March 31, 2017
Waupaca Bancorporation, Inc., Waupaca, Wisconsin -- change in bank control of Waupaca Bancorporation, Inc., and its subsidiary, First National Bank, Waupaca.
- Permitted, March 16, 2017
WoodTrust Financial Corp, Wisconsin Rapids, Wisconsin -- to retain control of WoodTrust Financial Corp and its subsidiary, WoodTrust Bank, Wisconsin Rapids.
- Permitted, March 6, 2017
Deerfield Financial Corporation, Madison, Wisconsin -- change in bank control of Deerfield Financial Corporation and its subsidiary, Bank of Deerfield, Deerfield.
- Permitted, February 17, 2017
Farmers & Merchants Bancorp, Winterset, Iowa -- change in bank control of Farmers & Merchants Bancorp and its subsidiary, Farmers & Merchants State Bank, Winterset.
- Permitted, February 3, 2017
Ambank Holdings, Inc., Davenport, Iowa -- change in bank control of Ambank Holdings, Inc., and its subsidiary, American Bank and Trust Company, N.A., Davenport.
- Permitted, January 27, 2017
Farmers & Merchants Bancorp, Winterset, Iowa -- change in bank control of Farmers & Merchants Bancorp and its subsidiary, Farmers & Merchants State Bank, Winterset.
- Permitted, January 13, 2017
Extensions Of Time
Merchants Bancorp, Carmel, Indiana -- extension to March 27, 2018, to acquire Joy State Bank, Joy, Illinois.
- Granted, November 14, 2017
Cedar Rapids Bank and Trust Company, Cedar Rapids, Iowa -- extension to November 23, 2017, to merge with Guaranty Bank and Trust Company, Cedar Rapids, and thereby establish branches.
- Granted, November 7, 2017
Bank First National Corporation, Manitowoc, Wisconsin -- extension to October 14, 2017, to acquire via merger Waupaca Bancorporation, Inc., Waupaca, and thereby indirectly acquire First National Bank.
- Granted, October 2, 2017
Central Bank, Storm Lake, Iowa -- extension to December 1, 2017, to establish a branch at 400 Gold Circle Drive, Dakota Dunes, South Dakota.
- Granted, August 31, 2017
Merchants Bancorp, Carmel, Indiana -- extension to September 27, 2017, to acquire Joy State Bank, Joy, Illinois.
- Granted, August 25, 2017
Wisconsin Mutual Bancorp, MHC, Kaukauna, Wisconsin, and EWSB Bancorp, Inc. -- extension to November 1, 2017, to become a mutual bank holding company and a bank holding company, respectively, by acquiring East Wisconsin Savings Bank, Kaukauna, reorganizing from a mutual savings bank to a stock savings bank.
- Granted, August 2, 2017
Minier Financial, Inc. Employee Stock Ownership Plan w/401(k) Provisions, Minier, Illinois -- extension to October 20, 2017, to acquire additional shares of Minier Financial, Inc., Minier, and thereby increase its indirect ownership of First Farmers State Bank.
- Granted, July 19, 2017
American Trust & Savings Bank, Dubuque, Iowa -- extension to November 22, 2017, to establish a branch at 7204 University Avenue, Windsor Heights.
- Granted, July 10, 2017
Mid Illinois Bancorp, Inc. Employee Stock Ownership Plan, Peoria, Illinois -- extension to September 30, 2017, to increase its ownership of Mid Illinois Bancorp, Inc., Peoria, and thereby increase its indirect ownership of South Side Trust and Savings Bank, Peoria.
- Granted, June 26, 2017
Stratford Bancshares, Inc., Stratford, Wisconsin -- extension to July 13, 2017, to acquire Spencer Bancorporation, Inc., Spencer, and thereby indirectly acquire Heritage Bank.
- Granted, March 24, 2017
Mid Illinois Bancorp, Inc., Employee Stock Ownership Plan, Peoria, Illinois -- extension to June 30, 2017, to increase its ownership of Mid Illinois Bancorp, Inc., Peoria, and thereby increase its indirect ownership of South Side Trust and Savings Bank.
- Granted, March 23, 2017
Ally Financial Inc., Detroit, Michigan -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, February 23, 2017
BMO Financial Corp., Chicago, Illinois -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, February 16, 2017
HSBC North America Holdings, Inc., New York, New York -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, February 16, 2017
Johnson Financial Group, Racine, Wisconsin -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, February 15, 2017
Wintrust Financial Corporation, Rosemont, Illinois -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, February 15, 2017
Northern Trust Corporation, Chicago, Illinois -- request for an extended transition period to conform investments in certain illiquid funds under the Volcker Rule.
- Granted, February 14, 2017
Sullivan Bancshares, Inc., Sullivan, Illinois -- extension to April 20, 2017, to merge with Moultrie Bancorp, Inc., Lovington, and thereby indirectly acquire Hardware State Bank; and for Sullivan Bancshares, Inc. Employee Savings & Retirement Plan, Sullivan, to become a bank holding company by acquiring shares of Sullivan Bancshares, Inc., and thereby acquire control of First National Bank of Sullivan.
- Granted, January 20, 2017
Membership
The National Bank of Waupun, Waupun, Wisconsin -- to retain membership in the Federal Reserve System following its conversion to a state-chartered bank, and to increase its investment in bank premises.
- Approved, July 20, 2017
Community State Bank, Ankeny, Iowa -- to become a member of the Federal Reserve System.
- Approved, April 20, 2017
Farmers Trust & Savings Bank, Buffalo Center, Iowa -- to become a member of the Federal Reserve System.
- Approved, January 6, 2017
Financial Holding Companies
Republic Bancorp Co., Oak Brook, Illinois -- election to become a financial holding company.
- Effective, December 1, 2017
HCB Financial Corp., Hastings, Michigan -- election to become a financial holding company.
- Effective, November 16, 2017
Level One Bancorp, Inc., Farmington Hills, Michigan -- election to become a financial holding company.
- Effective, June 23, 2017
Savings and Loan Holding Companies
Pedcor Capital, LLC, Carmel, Indiana; Pedcor Bancorp; and American Capital Bancorp -- to convert from bank holding companies to savings and loan holding companies on the conversion of International City Bank, Long Beach, California, to a federal savings bank; and election to become financial holding companies.
- Approved, September 8, 2017
FFBW, MHC, Brookfield, Wisconsin, and FFBW, Inc. -- to become a mutual savings and loan holding company and a stock savings and loan holding company, respectively, by acquiring First Federal Bank of Wisconsin, Waukesha, in connection with First Federal's conversion from mutual to stock form.
- Approved, August 11, 2017
Hoyne Savings, MHC, Chicago, Illinois, and Hoyne Financial Corporation -- to acquire Prospect Federal Savings Bank, Worth, and to merge it with and into Hoyne Savings Bank, Chicago.
- Approved, March 13, 2017

Last Update: December 14, 2017