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 July 3, 2010

Filer Filing Type Filing Proposal End of Comment Period
HARBOR BANCORP, INC. * 3A1 Harbor Bancorp, Inc., Edenton, North Carolina, to become a bank holding company by acquiring 100 percent of the voting shares of West Town Savings Bank, Cicero, Illinois.
Newspaper: Not available
Federal Register: Not available
Spring Capital * 3A1 Spring Capital, Chicago, Illinois, to become a bank holding company by acquiring Shelf Charter Bank, Chicago, Illinois.
Newspaper: Not available
Federal Register: Not available
TOWER FINANCIAL CORPORATION CIC Notice by Keith E. Busse, Fort Wayne, Indiana, as an individual, Keith E. Busse, Busse Family Investment Company, LLC, and Aaron T. Busse, as group acting in concert, to acquire 10 percent or more of the voting shares of Tower Financial Corporation, Fort Wayne, Indiana, and thereby indirectly acquire Tower Bank & Trust Company, Fort Wayne, Indiana.
Newspaper: 06/14/2010
Federal Register: 07/16/2010
TOWER FINANCIAL CORPORATION CIC Notice by John V. Tippmann, Sr., Fort Wayne, Indiana, as an individual, and John V. Tippmann, Sr., John McCarthy and Helen McCarthy, Richard Ley and Sally Ley, John Tippmann, Jr., Patrick Tippmann, and Brian Backstrom and Jennifer Backstrom, as a group acting in concert, to acquire 10 percent or more of the voting shares of Tower Financial Corporation, Fort Wayne, Indiana, and thereby indirectly acquire Tower Bank & Trust Company, Fort Wayne, Indiana.
Newspaper: 06/14/2010
Federal Register: 07/16/2010


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
NONE


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

* Subject to the provisions of the Community Reinvestment Act

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