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 June 29, 2013

Filer Filing Type Filing Proposal End of Comment Period
AJS BANCORP, MHC * MHC Conversion AJS Bancorp, MHC, a federally chartered mutual holding company, to convert to stock form and merge with AJS Bancorp, Inc., a federal corporation, both in Midlothian, Illinois. AJS Bancorp, Inc. will be merged into a new Maryland corporation named AJS Bancorp, Inc., which proposes to become a savings and loan holding company by acquiring 100 percent of the voting shares of A.J. Smith Federal Savings Bank, Midlothian, Illinois.
Newspaper: Not available
Federal Register: 07/12/2013
CENTRAL SOUTH BANCORPORATION, INC. CIC Notice by the Downing Family (D. Robert and Ardene K. Downing, Kamie Lynn-Downing and Gary L. Haynes, and Karey Downing and Todd R. Bishop, and Downing Family Investments, Inc., all of Indianola, Iowa) together as a group acting in concert, to retain control of Central South Bancorporation, Inc., Indianola, Iowa, and thereby indirectly Peoples Savings Bank, Indianola, Iowa.
Newspaper: 05/31/2013
Federal Register: 06/27/2013
FIRST AMERICAN BANK CORPORATION * 4c8 Notice by First American Bank Corporation, Elk Grove Village, Illinois, to acquire up to 100 percent of the voting shares of PNA Bank, Chicago, Illinois, through the merger of PNA Bank, Chicago, Illinois, with and into First American Bank, Elk Grove Village, Illinois, and thereby operate a savings association.
Newspaper: Not available
Federal Register: Not available
FIRST FARMERS BANK & TRUST * 18C First Farmers Bank & Trust Company, Converse, Indiana, proposes to acquire certain assets and assume certain liabilities of Bank of Indiana, N.A., Dana, Indiana, and thereby establish 3 branches.
Newspaper: 07/07/2013
Federal Register: Not applicable
IXONIA BANCSHARES, INC. CIC Notice filed by Kristine Lubar MacDonald, Minneapolis, Minnesota, to join the existing Lubar Family Control Group through the acquisition of voting shares of Ixonia Bancshares, Inc., Ixonia, Wisconsin, and the indirect acquisition of shares of Ixonia Bank, Ixonia, Wisconsin.
Newspaper: Not available
Federal Register: 07/03/2013
LAMPLIGHTER FINANCIAL, MHC * MHC Conversion Lamplighter Financial, MHC, a federally chartered mutual holding company, to convert to stock form and merge with Waterstone Financial, Inc., a federal corporation, both in Wauwatosa, Wisconsin. Waterstone Financial, Inc. will be merged into a new Maryland corporation named Waterstone Financial, Inc., which proposes to become a savings and loan holding company by acquiring 100 percent of the voting shares of WaterStone Bank SSB, a Wisconsin stock savings bank.
Newspaper: Not available
Federal Register: 07/15/2013
STC BANCSHARES CORP. * 3A3 STC Bancshares Corp., St. Charles, Illinois, to acquire 100 percent of the voting shares of Bank of Palatine, Palatine, Illinois.
Newspaper: Not available
Federal Register: 07/26/2013
Town Center Bancorp, Inc. * 3A1 Notice by Town Center Bancorp, Inc., New Lenox, Illinois, to become a bank holding company by acquiring control of Town Center Bank, Frankfort, Illinois.
Newspaper: 07/22/2013
Federal Register: 07/19/2013
WASHINGTON BANCORP CIC Notice of Change in Control by Washington Bancorp Employee Stock Ownership Plan to retain control of 17.52 percent of the outstanding voting shares of Washington Bancorp, and thereby indirectly control of Federation Bank, all of Washington, Iowa.
Newspaper: Not available
Federal Register: 07/01/2013


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 OF RANTOUL, RANTOUL, ILLINOIS 37949 12/10/2012 06/05/2013 S Small Bank
FIRST MIDWEST BK, ITASCA, ILLINOIS 1007846 08/27/2012 05/22/2013 O Large 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