Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 7
Federal Reserve Bank of: Chicago

Filings received during the week ending February 18, 2006

Filer Filing Type Filing Proposal End of Comment Period
A. M. SAYLOR, INCORPORATED 4c8 12-day prior notice - A.M. Saylor, Inc., Hampton, Iowa, proposes to engage de novo in extending credit and servicing loans, pursuant to Section 225.28(b)(1) of Regulation Y.
Newspaper: Not applicable
Federal Register: Not applicable
BANCROFT STATE BANCSHARES, INC. CIC Notice by Jill Kollock, Bancroft, Wisconsin, as an individual and as trustee for the Judd Family Trust and the Jean Judd OTIP Marital Trust 1; Christopher Kollock, as an individual; and Jill and Christopher Kollock, together with Jan and William Weisenbeck, as a group acting in concert, to retain control of Bancroft State Bancshares, Inc., Bancroft, Wisconsin, and thereby indirectly Bancroft State Bank, Bancroft, Wisconsin.
Newspaper: 03/02/2006
Federal Register: 02/21/2006
COMERICA BANK * Branch Comerica Bank, Detroit, Michigan, to establish two branch facilities to be located at 7306 E. Shea Blvd., Scottsdale, Arizona, and 6540 Irvine Center Drive, Irvine, California.
Newspaper: Not available
Federal Register: Not applicable
COMMUNITY STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST * 3A3 Community State Bank Employee Stock Ownership Plan and Trust, Union Grove, Wisconsin, to increase its ownership to 33.95 percent of the voting shares of Union Bancorporation, Inc., Union Grove, Wisconsin, and thereby indirectly acquire Community State Bank, Union Grove, Wisconsin.
Newspaper: Not available
Federal Register: Not available
Gerber Bancshares, Inc. * 3A1 Gerber Bancshares, Inc., Argenta, Illinois, to become a bank holding company by acquiring 100 percent of the voting shares of Gerber State Bank, Argenta, Illinois.
Newspaper: Not available
Federal Register: Not available
MAINSOURCE FINANCIAL GROUP, INC. * 4c8 Mainsource Financial Group, Inc., Greensburg, Indiana, to acquire 100 percent of the voting shares of HFS Bank, F.S.B., Hobart, Indiana, and thereby operate a savings association.
Newspaper: Not available
Federal Register: 03/06/2006
MAINSOURCE FINANCIAL GROUP, INC. * 3A5
* 4c8
MainSource Financial Group, Inc., Greensburg, Indiana, to merge with Peoples Ohio Financial Corporation, Troy, Ohio, and thereby indirectly acquire Peoples Savings Bank of Troy, Troy, Ohio, and thereby operate a savings association.
Newspaper: Not available
Federal Register: 03/09/2006
OAKWOOD BANCORP, INC. CIC Notice by Mark B. Richardson, Thetford Center, Vermont, to increase his ownership to 28 percent of Oakwood Bancorp, Inc., Springfield, Illinois, and thereby indirectly increase ownership of United Community Bank, Oakwood, Illinois.
Newspaper: Not available
Federal Register: 02/28/2006
STARK BANK GROUP, LTD. * 3A3 Stark Bank Group, Ltd., Fort Dodge, Iowa, to merge with Pelican Financial, Inc., Ann Arbor, Michigan, and thereby indirectly acquire Pelican National Bank, Naples, Florida.
Newspaper: 03/05/2006
Federal Register: 03/03/2006


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
CITIZENS BK, FLINT, MICHIGAN 222147 07/18/2005 02/02/2006 O Large Bank
FARMERS ST BK, BROOKSTON, INDIANA 571443 10/31/2005 02/08/2006 S Small Bank
HARTSBURG ST BK, HARTSBURG, ILLINOIS 799939 11/07/2005 02/02/2006 S Small Bank


CRA Examinations scheduled for Second Quarter of 2006 (April 1, 2006 - June 30, 2006)

Institution Location
BYRON BK BYRON CENTER, MICHIGAN
FIRST BK OF BERNE BERNE, INDIANA
FIRST CMNTY B&TC BEECHER, ILLINOIS
FIRST MIDWEST BK ITASCA, ILLINOIS
FIRST ST BK MANCHESTER, IOWA
FIRST ST BK OF PORTER PORTER, INDIANA
FRIENDSHIP ST BK FRIENDSHIP, INDIANA
FRONTIER SVG BK COUNCIL BLUFFS, IOWA
IOWA ST BK HULL, IOWA
IRWIN UNION B&TC COLUMBUS, INDIANA
LA SALLE ST BK LA SALLE, ILLINOIS
MARQUETTE BK CHICAGO, ILLINOIS
MICHIGAN HERITAGE BK FARMINGTON HILLS, MICHIGAN
NORTHERN TC CHICAGO, ILLINOIS
OREGON CMNTY B&TC OREGON, WISCONSIN
ROYAL AMER BK INVERNESS, ILLINOIS
STATE BK THE LAKES ANTIOCH, ILLINOIS
TEMPLETON SVG BK TEMPLETON, IOWA
VILLAGE B&TC ARLINGTON HEIGHTS, ILLINOIS
WASHINGTON ST BK WASHINGTON, IOWA

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco