Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 7: Federal Reserve Bank of Chicago PDF
Filings received during the week ending June 6, 2026
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| Barnes Bancorp, Inc. | * 3A1 | Barnes Bancorp, Inc., Mount Vernon, Iowa to become a bank holding company and acquire Community State Bank, Paton, Iowa | Not available | 07/09/2026 |
| BROOKFIELD BANCSHARES, INC. | * Thrift Going Concern | Brookfield Bancshares, Inc., Brookfield, Illinois, to merge with NSTS Bancorp, Inc. and thereby acquire North Shore Trust and Savings, both of Waukegan, Illinois, and thereby engage in operating a savings association pursuant to section 225.28(b)(4)(ii) of Regulation Y. | 07/09/2026 | 07/09/2026 |
| CAPITAL BANCSHARES, INC. | Change in Bank Control | Jean A. Triplett, Primghar, Iowa, Steven J. Leng, Arnolds Park, Iowa, Mary S. Thomson, Primghar, Iowa, Jan M. L. Westergard, Omaha, Nebraska, all a group acting in concert, collectively ("Notificants") to join the Leng Family Control Group, a group acting in concert, to retain shares of Capital Bancshares, Inc., and thereby indirectly retain shares of Savings Bank, both of Primghar, Iowa. | Not available | Not available |
| FIDELITY BAN CORPORATION | * 3A3 | Fidelity Ban Corporation, Independence, Iowa to acquire 100 percent of the shares of Welcome State Bank, Welcome, Minnesota. | Not available | Not available |
| INDEPENDENT BANK | * Branch (Domestic) | Independent Bank, Grand Rapids, Michigan request to establish a branch located at 4675 32nd Avenue, Suite A, Hudsonville, Michigan. | 06/03/2026 | Not applicable |
| OakNorth U.S. Bank Holdings Inc. | * 3A1 Miscellaneous Election (Domestic) Election (Foreign) | Application by (1) OakNorth UK Holdings Limited, London, United Kingdom; (2) OakNorth Holdings Limited, St. Helier, Jersey; (3) OakNorth Interim Holdings Limited, London, United Kingdom; and (4) OakNorth U.S. Holdings LLC, Wilmington, Delaware, to become bank holding companies by acquiring 100 percent control of (1) Community Unity Bank; and (2) OakNorth Interim Bank, National Association, both of Birmingham, Michigan, pursuant to Section 3(a)(1) of the BHC Act. In addition, OakNorth UK Holdings Limited, OakNorth Holdings Limited, and OakNorth Interim Holdings Limited request treatment as qualified foreign banking organizations pursuant to Section 4(c)(9) of the BHC Act. | Not available | 07/06/2026 |
| TRI-COUNTY BANCORP, INC. | * 3A5 | Tri-County Bancorp, Inc., Brown City, Michigan to merge with Mayville Financial Corporation thereby indirectly acquire Mayville State Bank both of Mayville, Michigan. | 07/03/2026 | 07/09/2026 |
* Subject to the provisions of the Community Reinvestment Act
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
| Institution / Location | RSSD ID | Exam Date | CRA Public Date | CRA Rating | Exam Method |
|---|---|---|---|---|---|
| BANK MIDWEST, SPIRIT LAKE, IOWA | 45551 | 08/24/2025 | 05/19/2025 | S | Int Small Bank |
| CBI B&TC, MUSCATINE, IOWA | 830542 | 03/08/2026 | 10/20/2025 | O | Int Small Bank |
| COMMUNITY ST BK, ANKENY, IOWA | 790543 | 06/21/2025 | 10/28/2024 | S | Int Small Bank |
| FIRST ST BK, EASTPOINTE, MICHIGAN | 113740 | 02/12/2026 | 08/04/2025 | S | Int Small Bank |
| FRIENDSHIP ST BK, FRIENDSHIP, INDIANA | 427241 | 04/13/2026 | 11/17/2025 | S | Int Small Bank |
| PEOPLES BK, CLIVE, IOWA | 968249 | 01/30/2026 | 10/27/2025 | S | Int Small Bank |
| WOODTRUST BK, WISCONSIN RAPIDS, WISCONSIN | 833749 | 02/23/2026 | 10/06/2025 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||