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 November 9, 2013

Filer Filing Type Filing Proposal End of Comment Period
CENTRAL BANK * 18C
* Branch
Central Bank, Storm Lake, Iowa, to purchase the assets and assume the liabilities of seven branch offices of Liberty Bank, FSB, West Des Moines, Iowa. In conjunction, Central Bank will establish 7 branch offices.
Newspaper: Not available
Federal Register: Not applicable
CENTRAL SOUTH BANCORPORATION, INC. CIC Filing by D. Robert Downing, Indianola, Iowa, to gain control of Central South Bancorporation, Inc., Indianola, Iowa, and thereby Peoples Savings Bank, Indianola, Iowa.
Newspaper: 11/19/2013
Federal Register: 11/12/2013
IOWA STATE BANK * 18C
* Branch
Iowa State Bank, Hull, Iowa, to merge with Iowa State Bank, Remsen, Iowa. As a result of this merger, Iowa State Bank, Hull, Iowa, will establish a branch office at 17 West 2nd Street, Remsen, Iowa.
Newspaper: Not available
Federal Register: Not applicable
LAKE FOREST BANK & TRUST COMPANY PWI Letter from Lake Forest Bank & Trust Company, Lake Forest, Illinois, requesting authorization to proceed with the Loan Fund investment in the amount of $750,000.
Newspaper: Not applicable
Federal Register: Not applicable
MIDSTATE FINANCIAL CORPORATION CIC The McKee Family Trust with David H. McKee as special voting trustee, and David H. McKee, individually and as special voting trustee of the McKee Family Trust, to acquire 25 percent or more of the voting shares of Midstate Financial Corporation, and thereby indirectly acquire control of Hendricks County Bank and Trust Company, both of Brownsburg, Indiana; and the McKee Family Trust with David H. McKee as special voting trustee to join the existing McKee Norris Family Control Group through the acquisition of shares of Midstate Financial Corporation and the indirect acquisition of shares of Hendricks County Bank and Trust Company.
Newspaper: 11/18/2013
Federal Register: 11/12/2013
NORTHBROOK BANK & TRUST COMPANY PWI Letter from Northbrook Bank & Trust Company, Northbrook, Illinois, requesting authorization to proceed with the Loan Fund investment in the amount of $750,000.
Newspaper: Not applicable
Federal Register: Not applicable
TALMER BANCORP INC. * 3A3 Notice by Talmer Bancorp, Inc., Troy, Michigan, to acquire Michigan Commerce Bank, Ann Arbor, Michigan.
Newspaper: 11/19/2013
Federal Register: 11/18/2013


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
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