Public Information Documents

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

Bank Branches, Domestic
ChoiceOne Bank, Sparta, Michigan -- to establish a branch at 150 East Maple Road, Troy, Michigan.
- Approved, October 28, 2025
Busey Bank, Champaign, Illinois -- to establish a branch at 700 West Champaign Avenue, Rantoul, Illinois.
- Approved, September 17, 2025
Bristol Morgan Bank, Oakfield, Wisconsin -- to establish a branch at 2201 Jackson Street, Oshkosh, Wisconsin.
- Approved, August 22, 2025
Busey Bank, Champaign, Illinois -- to establish branches at 18655 Claret Drive, Scottsdale, Arizona, and 101 University Boulevard, Denver, Colorado.
- Approved, July 25, 2025
Johnson Bank, Racine, Wisconsin -- to establish a branch at 186 South City Station Drive, [Sun Prairie, Wisconsin.]
- Approved, June 10, 2025
Citizens State Bank, Royal Oak, Michigan -- to establish a branch at 31550 Northwestern Highway, Farmington Hills, Michigan.
- Approved, May 12, 2025
First Farmers Bank & Trust Co., Converse, Indiana -- to establish a branch at 1511 West South Street, Lebanon, Indiana.
- Approved, April 17, 2025
1st Source Bank, South Bend, Indiana -- to establish a branch at 10570 North Michigan Road, [Carmel, Indiana.]
- Approved, February 23, 2025
First Farmers Bank & Trust, Converse, Indiana -- to establish a branch at 175 South Rangeline Road, Carmel, Indiana.
- Approved, February 21, 2025
Bank Holding Companies
BOSP Bancshares, Inc., Sun Prairie, Wisconsin -- to acquire Banner Banks, Birnamwood, Wisconsin.
- Approved, November 13, 2025
Fidelity Company, Dubuque, Iowa -- waiver of application to acquire Rake Bancorporation and thereby indirectly acquire State Savings Bank, both of Rake, Iowa, in connection with the merger of State Savings Bank with and into Fidelity Bank & Trust, Dubuque, Iowa.
- Granted, November 6, 2025
Fidelity Company, Dubuque, Iowa -- waiver of application to acquire Frost State Bank, Frost, Minnesota, in connection with the merger of Frost State Bank with and into Fidelity Bank & Trust, Dubuque, Iowa.
- Granted, November 6, 2025
Bank First Corporation, Manitowoc, Wisconsin -- waiver of application to acquire Centre 1 Bancorp, Inc., and thereby indirectly acquire The First National Bank and Trust Company (Bank), both of Beloit, Wisconsin, in connection with the merger of Bank with and into Bank First National Association, Manitowoc, Wisconsin.
- Granted, October 15, 2025
Huron National Bancorp, Inc., Rogers City, Michigan -- to directly acquire shares of Lasco Development Corporation, Marquette, Michigan, and indirectly acquire shares of Mackinaw Credit + Compliance, Detroit, Michigan, and thereby engage in the nonbanking activities of data processing and management consulting.
- Approved, September 30, 2025
United Community Bancorp, Inc., Chatham, Illinois -- to acquire Midland Bancshares, Inc., and thereby indirectly acquire Midland Community Bank, Kincaid, Illinois.
- Approved, September 29, 2025
Pluto Investments Inc., Wilmington, Delaware -- to become a bank holding company by acquiring Ambanc Financial Services, Inc., and thereby indirectly acquiring American Bank of Beaver Dam, both of Beaver Dam, Wisconsin.
- Withdrawn, August 8, 2025
UIR Acceptance Corporation, Lemont, Illinois -- to become a bank holding company by acquiring Easton Bancshares, Inc., and thereby indirectly acquiring Community Bank of Easton, both of Easton, Illinois.
- Approved, July 31, 2025
Hustisford Community Bancorp., Inc., Hustisford, Wisconsin -- relief from a commitment.
- Granted, July 10, 2025
Arneson Bancshares, Inc., Clear Lake, Iowa -- request by Mark C. Hewitt for relief from a commitment.
- Granted, July 2, 2025
Morning Sun Bank Corp., Morning Sun, Iowa -- to acquire First Trust & Savings Bank, Coralville, Iowa.
- Approved, June 25, 2025
Horizon Bancorp, Inc., Michigan City, Indiana -- relief from certain commitments.
- Granted, June 11, 2025
Capra Financial, Inc., Dubuque, Iowa -- to become a bank holding company by acquiring Capra Bank, Dubuque, Iowa.
- Approved, June 9, 2025
Savanna-Thomson Investment, Inc., Savanna, Illinois -- relief from certain commitments.
- Granted, June 3, 2025
First State Bancorp of Monticello, Inc. Employee Stock Ownership Plan, Monticello, Illinois -- relief from a commitment.
- Granted, May 30, 2025
Security Midwest Bancorp, Inc., Springfield, Illinois -- to become a bank holding company by acquiring Security Bank, S.B. (Bank), Springfield, Illinois, in connection with the conversion of Bank from mutual to stock form.
- Approved, May 22, 2025
Anita Bancorporation, Atlantic, Iowa -- relief from a commitment.
- Granted, May 20, 2025
Illinois National Bancorp, Inc., Springfield, Illinois -- relief from a commitment.
- Granted, May 15, 2025
River Valley Bancorporation, Inc., Wausau, Wisconsin -- relief from a commitment.
- Granted, May 15, 2025
Old O'Brien Banc Shares, Inc., Sutherland, Iowa -- request by Darin J. Johnson for relief from a commitment involving Old O'Brien Banc Shares, Inc.
- Granted, May 12, 2025
CFB Holding Company, Clinton, Iowa -- relief from a commitment.
- Granted, May 12, 2025
SSB Holding Co., Inc., West Des Moines, Iowa -- relief from a commitment.
- Granted, May 12, 2025
American Community Financial, Inc., Woodstock, Illinois -- relief from a commitment.
- Granted, May 12, 2025
Old Second Bancorp, Inc., Aurora, Illinois -- to merge with Bancorp Financial, Inc., and thereby indirectly acquire Evergreen Bank Group, both of Oak Brook, Illinois.
- Approved, May 8, 2025
Orion Bancorporation, Inc., Orion, Illinois -- to merge with Mechanicsville Bancshares, Inc., Mechanicsville, Iowa, and thereby indirectly acquire Bridge Community Bank, Mount Vernon, Iowa.
- Approved, May 1, 2025
Longview Capital Corporation, Newman, Illinois -- to acquire Middletown State Bank, Middletown, Illinois.
- Approved, April 9, 2025
Longview Capital Corporation, Newman, Illinois -- to acquire Federated Bank, Onarga, Illinois.
- Approved, April 9, 2025
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.
- Approved, March 17, 2025
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.
- Approved, February 25, 2025
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.
- Approved, February 10, 2025
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.
- Approved, January 24, 2025
Foresight Financial Group, Inc., Winnebago, Illinois -- waiver of application in connection with the merger of its subsidiary banks.
- Granted, January 22, 2025
Bank Mergers
BANK, Wapello, Iowa -- to merge with First Trust and Savings Bank, Coralville, Iowa, and thereby establish branches at 1831 2nd Street, Coralville, Iowa, and 102 Augusta Avenue, Oxford, Iowa.
- Approved, June 25, 2025
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.
- Approved, March 13, 2025
Change In Bank Control
Resource Bancshares, Inc., Dekalb, Illinois -- the 2021 Katz Dynasty Trust and Richard J. Katz Irrevocable Trust, both of Milwaukee, Wisconsin; Peter J. Wilder, as trustee of both aforementioned trusts, Pewaukee, Wisconsin; and Kathleen Katz, DeKalb, Illinois, as members of the Katz Family Group, a group acting in concert, to acquire voting shares of Resource Bancshares, Inc., and thereby indirectly acquire voting shares of Resource Bank, National Association, DeKalb, Illinois.
- Permitted, November 13, 2025
Carroll County Bancshares, Inc., Carroll, Iowa -- Gretchen M. Gronstal Graff, T. Bernt Gronstal, and Joan M. Gronstal, all of Orleans, Iowa; Ingrid M. Gronstal, Iowa City, Iowa; Carol A. Gronstal, Carroll, Iowa; and Andrea Gronstal Benton, Madison, Wisconsin, to form the Gronstal Family Group, a group acting in concert, to retain the voting shares of Carroll County Bancshares, Inc., and thereby indirectly retain voting shares of Availa Bank, Carroll, Iowa.
- Permitted, November 13, 2025
Dysart Bancshares, Inc., Dysart, Iowa -- Richard A. Griffin, Dysart, Iowa, as a member of the Griffin Family Group, a group acting in concert, to acquire voting shares of Dysart Bancshares, Inc., and thereby indirectly retain voting shares of Dysart State Bank, Dysart, Iowa.
- Permitted, October 29, 2025
First National Bank Corp., Cloverdale, Indiana -- The Estate of Keith M. Ernst, Cloverdale, Indiana, Jane Ernst as executor, Cloverdale, Indiana; Cynthia E. Prather, Franklin, Indiana; Cynthia E. Prather IRA, Cynthia E. Prather, beneficiary, Franklin, Indiana; Kerry N. Prather, Franklin, Indiana; Katherine J. Gillaspy, Spencer, Indiana; Robert K. Prather, Indianapolis, Indiana; Katrina Lewis, Cloverdale, Indiana; Katrina Lewis Custodial IRA, Katrina Lewis, beneficiary, Cloverdale, Indiana; Michael Todd Lewis, Cloverdale, Indiana; Michael Todd Lewis IRA, Michael Todd Lewis, beneficiary, Cloverdale, Indiana; Sara E. Johnson, West Lafayette, Indiana, individually and on behalf of minor children; and Jenna Marie Lanham, Cloverdale, Indiana, individually and on behalf of minor children, to join the Ernst Family Control Group, a group acting in concert, and retain voting shares of First National Bank Corp. and indirectly retain voting shares of First National Bank, Cloverdale, Indiana. Additionally, the Keith M. Ernst Revocable Trust, Cloverdale, Indiana, Jane E. Ernst, Cloverdale, Indiana, Katrina Lewis, Cloverdale, Indiana, and Cynthia E. Prather, Franklin, Indiana, as trustees; The Keith M. Ernst Bank Stock Credit Shelter Trust, Jane E. Ernst, Cloverdale, Indiana, Katrina Lewis, Cloverdale, Indiana, and Cynthia E. Prather, Franklin, Indiana, as trustees; and The Jane E. Ernst Bank Share Trust, Jane E. Ernst, Cloverdale, Indiana, Katrina Lewis, Cloverdale, Indiana, and Cynthia E. Prather, Franklin, Indiana, as trustees, to join the Ernst Family Control Group, a group acting in concert, and acquire voting shares of First National Bank Corp. and thereby indirectly acquire voting shares of First National Bank, Cloverdale, Indiana.
- Permitted, October 29, 2025
F.N.B.C. of LaGrange, Inc., La Grange, Illinois -- the Lenore M. McCarter Declaration of Trust, Lenore M. McCarter as trustee, both of Snowmass, Colorado, to retain voting shares of F.N.B.C. of LaGrange, Inc., and thereby indirectly retain voting shares of FNBC Bank and Trust, LaGrange, Illinois.
- Permitted, October 1, 2025
Johnson Financial Group, Inc., Racine, Wisconsin -- JFG Control, LP, IPJ 2012 JFG Trust, Helen P. Johnson-Leipold, trustee, all of Racine, Wisconsin; Winifried J. Marquart, Palm Beach, Florida; Katherine M. L. Johnson, Chicago, Illinois; Odinn R. Johnson, New York, New York; and Helen P. Johnson-Leipold, Racine Wisconsin, as committee members of JFG Control, LP; to join the Johnson Family Control Group, a group acting in concert, to acquire voting shares of Johnson Financial Group, Inc., and thereby indirectly acquire voting shares of Johnson Bank, Racine, Wisconsin.
- Permitted, September 26, 2025
Gilman Investment Co., Oskaloosa, Iowa -- Donna Arendt, Oskaloosa, Iowa, as trustee of the Donald D. Arendt Qualified Terminable Interest Property Marital Trust I, to retain voting shares of Gilman Investment Company and thereby retain voting shares of Citizens Savings Bank, Marshalltown, Iowa.
- Permitted, September 19, 2025
Anchor Bancorporation, Inc., Anchor, Illinois -- the Estate of William H. Davis, Donna J. Davis as executor, both of Fairview Park, Ohio, to retain voting shares of Anchor Bancorporation, Inc., and thereby control of Anchor State Bank, Anchor, Illinois. Additionally, Donna J. Davis, Fairview Park, Ohio, individually to become the largest shareholder, to acquire voting shares of Anchor Bancorporation, Inc., and thereby control of Anchor State Bank.
- Permitted, July 8, 2025
Greenwoods Financial Group, Inc., Lake Mills, Wisconsin. -- Christopher M. George, Fremont, California, to acquire voting shares of Greenwoods Financial Group, Inc., and thereby indirectly acquire voting shares of The Greenwood's State Bank, Lake Mills, Wisconsin.
- Permitted, June 9, 2025
Clarkel, Inc., Kesley, Iowa -- The Fred W. Maifeld Residuary Trust--FBO Lori Maifeld, Clarksville, Iowa, Arlyn Maifeld, Parkersburg, Iowa as trustee; Lester J. Maifeld, Burnsville, Minnesota, as trustee; Roger L. Maifeld, Manchester, Iowa, as trustee; and Russell D. Maifeld, Galesburg, Illinois, as trustee; The Fred W. Maifeld Residuary Trust--FBO Rhonda Maifeld, Clarksville, Iowa, Arlyn Maifeld, Parkersburg, Iowa, as trustee; Lester J. Maifeld, Burnsville, Minnesota, as trustee; Roger L. Maifeld, Manchester, Iowa, as trustee; and Russell D. Maifeld, Galesburg, Illinois as trustee, to acquire voting shares of Clarkel, Inc., and thereby indirectly acquire voting shares of Iowa State Bank, Clarksville, Iowa.
- Permitted, June 6, 2025
Emmetsburg Bank Shares, Inc., Emmetsburg, Iowa -- Monica Anderegg, individually and as trustee of the Charles L. Sarazine Family Trust for Monica Anderegg, all of Edina, Minnesota; Lisa Elsenbast, individually and as trustee of the Charles L. Sarazine Family Trust for Lisa Elsenbast, all of Minneapolis, Minnesota; Annette Sarazine-Jensen, individually and as trustee of the Charles L. Sarazine Family Trust for Annette Sarazine-Jensen, all of Gretna, Nebraska; Julia T. Sarazine, Thomas Gorey, both of Chicago, Illinois; Frank Elsenbast, Minneapolis, Minnesota; Monte Jensen, Gretna, Nebraska; Rachel S. Jensen-Blackwell, Seward, Nebraska; and Reid C. Jensen, Fridley, Minnesota; to join the Sarazine Family Control Group, a group acting in concert, to retain voting shares of Emmetsburg Bank Shares, Inc., and thereby indirectly retain voting shares of Iowa Trust and Savings Bank, Emmetsburg, Iowa.
- Permitted, May 20, 2025
Itasca Bancorp Inc., Itasca, Illinois -- Glenn E. Mensching, Jr., Teresa B. Mensching, both of Frankfort, Michigan; Jack E. Mensching, Kathleen G. Mensching, James R. Mensching, and Lynnea G. Mensching, all of Itasca, Illinois; Julie Mensching Hrejsa, Elmhurst, Illinois; to join the Mensching Family Group, a group acting in concert, to acquire voting shares of Itasca Bancorp, Inc., and thereby indirectly acquire voting shares of Itasca Bank & Trust Co., Itasca, Illinois. Additionally, Seth D. Mensching, Henry Cira Mensching, both of Ann Arbor, Michigan; Jack E. Mensching IRA, Itasca, Illinois; Michael Francis Gara, Mary Gara, both of Waterford, Wisconsin; Jeffrey Hrejsa, Elmhurst, Illinois; Julie Mensching Hrejsa as custodian for a minor child, Elmhurst, Illinois; Susan G. Kolosovsky, Jonathan G. Kolosovsky, both of Itasca, Illinois; and Susan G. Kolosovsky as custodian for minor children, Itasca, Illinois; James R. Mensching Beneficiary IRA, Itasca, Illinois; Emily Grace Mensching, Ft. Lauderdale, Florida; and Devon Elise Mensching Schubert, Pflugerville, Texas; to join the Mensching Family Group, a group acting in concert, to retain the voting shares of Itasca Bancorp, Inc., and thereby indirectly retain voting shares of Itasca Bank & Trust Co., both of Itasca, Illinois.
- Permitted, May 19, 2025
IF Bancorp, Inc., Watseka, Illinois -- Stilwell Activist Investments, L.P., Stilwell Activist Fund, L.P., and Stilwell Partners, L.P., together known as The Stilwell Group, with Stilwell Value LLC as general partner of each of the limited partnerships, all of New York, New York; and Joseph D. Stilwell, San Juan, Puerto Rico, as managing member of Stilwell Value LLC; as a group acting in concert, to acquire voting shares of IF Bancorp, Inc., and thereby indirectly acquire voting shares of Iroquois Federal Savings and Loan Association, Watseka, Illinois.
- Permitted, May 14, 2025
Merchants Bancorp, Carmel, Indiana -- the Petrie Grandchildren Trust (December 27, 2019), Carmel, Indiana, Julia L. Kaercher, Carmel, Indiana, Emily J. Pell, Denver, Colorado, and Jody Petrie, Carmel, Indiana, as co-trustees; Kaercher Children GST Trust (October 29, 2021), Carmel, Indiana, Emily J. Pell, Denver, Colorado, as trustee; Kaercher Children GST Trust (December 8, 2020), Carmel, Indiana, Emily J. Pell, Denver, Colorado, as trustee; and Julia L. Kaercher, Carmel, Indiana; to join the Petrie Control Group, a group acting in concert, to retain voting shares of Merchants Bancorp and thereby indirectly retain voting shares of Merchants Bank of Indiana, Carmel, Indiana. In addition, Emily J. Pell, Denver, Colorado; to acquire voting shares of Merchants Bancorp and thereby indirectly acquire voting shares of Merchants Bank of Indiana.
- Permitted, May 8, 2025
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.
- Permitted, April 29, 2025
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.
- Withdrawn, April 17, 2025
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.
- Permitted, April 3, 2025
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.
- Permitted, February 14, 2025
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.
- Permitted, February 11, 2025
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.
- Permitted, January 24, 2025
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.
- Permitted, January 15, 2025
Membership
First State Bank of Michigan, Decatur, Michigan -- to become a member of the Federal Reserve System.
- Approved, July 24, 2025
Princeville State Bank, Princeville, Illinois -- to become a member of the Federal Reserve System.
- Approved, June 9, 2025
Banks, State Member
Busey Bank, Champaign, Illinois -- to make a public welfare investment (two requests).
- Approved, November 18, 2025
Busey Bank, Champaign, Illinois -- to make to a public welfare investment.
- Approved, November 17, 2025
CIBC Bank USA, Chicago, Illinois -- to make a public welfare investment.
- Approved, November 13, 2025
Independent Bank, Grand Rapids, Michigan -- to make a public welfare investment (two requests).
- Approved, November 5, 2025
CIBC Bank USA, Chicago, Illinois -- to make a public welfare investment.
- Approved, September 30, 2025
Independent Bank, Grand Rapids, Michigan -- to make a public welfare investment.
- Approved, September 5, 2025
Ally Bank, Sandy, Utah -- to make a public welfare investment (two requests).
- Approved, May 13, 2025
CIBC Bank USA, Chicago, Illinois -- to make a public welfare investment.
- Approved, May 8, 2025
CIBC Bank USA, Chicago, Illinois -- to make a public welfare investment.
- Approved, May 6, 2025
CIBC Bank USA, Chicago, Illinois -- to make a public welfare investment.
- Approved, April 30, 2025
CIBC Bank USA, Chicago, Illinois -- to make a public welfare investment.
- Approved, April 24, 2025
Ally Bank, Sandy, Utah -- to make a public welfare investment.
- Approved, February 27, 2025
Independent Bank, Grand Rapids, Michigan -- to make a public welfare investment.
- Approved, January 16, 2025
Busey Bank, Champaign, Illinois -- to make a public welfare investment.
- Approved, January 3, 2025
Financial Holding Companies
First Neighbor Bancshares, Inc., Toledo, Illinois -- election to become a financial holding company.
- Effective, April 21, 2025
Illinois Valley Bancorp, Inc., Morris, Illinois -- election to become a financial holding company.
- Effective, February 6, 2025
Savings and Loan Holding Companies
Hoyne Savings, MHC (Hoyne Savings), Chicago, Illinois -- waiver from certain sections of Regulation MM in connection with (1) the conversion of Hoyne Savings from mutual to stock form and its merger with and into Hoyne Financial Corporation and (2) the merger of Hoyne Financial Corporation with and into Hoyne Bancorp, Inc., a newly formed Maryland corporation, and the application for Hoyne Bancorp, Inc., to become a savings and loan holding company by acquiring Hoyne Savings Bank, all of Chicago, Illinois.
- Granted, November 6, 2025
Hoyne Savings, MHC, Chicago, Illinois -- to convert from mutual to stock form. As part of the full conversion, Hoyne Savings, MHC, and Hoyne Financial Corporation, Chicago, Illinois, an existing mid-tier savings and loan holding company, will cease to exist and Hoyne Savings Bank, Chicago, Illinois, will become a wholly owned subsidiary of Hoyne Bancorp, Inc., Chicago, Illinois, a newly formed Delaware corporation, which has applied to become a savings and loan holding company, pursuant to section 10(e) of the Home Owners' Loan Act.
- Approved, September 30, 2025
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.
- Withdrawn, April 2, 2025
Eaton Federal Mutual Holding Company and Eaton Federal Stock Holding Company, both of Charlotte, Michigan -- proposed bylaw amendment.
- Approved, February 12, 2025
Mutual Federal Bancorp, MHC and Mutual Federal Bancorp, Inc., both of Chicago, Illinois -- to acquire Pulaski Savings Bank, Chicago, Illinois.
- Withdrawn, January 10, 2025

Last Update: December 4, 2025