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 28, 2012

Filer Filing Type Filing Proposal End of Comment Period
C-B-G, INC. * 3A3 C-B-G, Inc., West Liberty, Iowa, to acquire up to $200,000 more of additional shares and increase its ownership up to 50.01 percent of Washington Bancorp, Washington, Iowa, and thereby increase it's indirect interest in Washington Bancorp's subsidiary, Federation Bank, Washington, Iowa.
Newspaper: Not available
Federal Register: Not available
CHEMICAL BANK * 18C
* Branch
Chemical Bank, Midland, Michigan, to purchase the assets and assume the liabilities of 21 branches of Independent Bank, Ionia, Michigan, and thereby establish 21 branches.
Newspaper: Not available
Federal Register: Not applicable
LAPORTE SAVINGS BANK, MHC * SLHC Formation
* MHC Conversion
LaPorte Savings Bank, MHC, La Porte, Indiana, a mutual holding company, proposes to convert to stock form and merge with LaPorte Bancorp, Inc., an existing savings and loan holding company. The existing LaPorte Bancorp, Inc., will merge with a new company, also called LaPorte Bancorp, Inc., which will become a savings and loan holding company through the acquisition of 100 percent of the outstanding stock of The LaPorte Savings Bank, all of La Porte, Indiana.
Newspaper: Not available
Federal Register: 07/20/2012


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
EAST DUBUQUE SVG BK, DUBUQUE, IOWA 913838 02/27/2012 07/03/2012 S Small Bank
GLENWOOD ST BK, GLENWOOD, IOWA 566243 01/17/2012 07/03/2012 S Small Bank
ILLINI ST BK, OGLESBY, ILLINOIS 180845 09/12/2011 07/04/2012 S Small Bank
MAIN ST BK, BINGHAM FARMS, MICHIGAN 3351440 11/28/2011 06/13/2012 S Small Bank
PACIFIC GLOBAL BK, CHICAGO, ILLINOIS 2360904 02/06/2012 07/04/2012 S Small Bank
WAYNE B&TC, CAMBRIDGE CITY, INDIANA 451246 03/12/2012 07/18/2012 S Small Bank


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