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 May 10, 2014

Filer Filing Type Filing Proposal End of Comment Period
CHEMICAL FINANCIAL CORPORATION * 18C
* 4c8
Notice by Chemical Financial Corporation, Midland, Michigan, to acquire 100 percent of the voting shares of Northwestern Bancorp, Inc., Traverse City, Michigan, and indirectly acquire Northwestern Bank, Traverse City, Michigan, and thereby operate a savings association, pursuant to Section 225.28 (b)(4)(ii) of Regulation Y. In connection with this application, Chemical Bank, Midland, Michigan will merge with Northwestern Bank, Traverse City, Michigan, and thereby establish 25 branches, pursuant to Section 18(c) of the Federal Deposit Insurance Act and Section 9 of the Federal Reserve Act.
Newspaper: 05/17/2014
Federal Register: 05/27/2014
FIRST AMERICAN BANK CORPORATION * 3A3 First American Bank Corporation, Elk Grove Village, Illinois, to acquire 100 percent of Bank of Coral Gables, Coral Gables, Florida.
Newspaper: Not available
Federal Register: 06/05/2014
FIRST MID-ILLINOIS BANCSHARES, INC. CIC Elizabeth L. Celio, Oak Park, Illinois, individually and as part of the Lumpkin Family Control Group to acquire 10 percent or more of the shares and thereby control of First Mid-Illinois Bancshares, Inc., Mattoon, Illinois, together with certain trusts established for the benefit of individuals who are members of the Lumpkin Family Control Group, with Steven Grissom, Mattoon, Illinois, as trustee of such trusts, to join the Lumpkin Family Control Group. First Mid-Illinois Bancshares, Inc. controls First Mid-Illinois Bank & Trust, N.A., Mattoon, Illinois.
Newspaper: Not available
Federal Register: Not available
LOGANSPORT FINANCIAL CORP. * 3A1 Logansport Financial Corporation, Logansport, Indiana, to become a bank holding company following the conversion of its subsidiary bank, Logansport Savings Bank, FSB, Logansport, Indiana, from a federally chartered savings bank to an Indiana state chartered bank.
Newspaper: 05/15/2014
Federal Register: 05/22/2014
OAK FINANCIAL, INC. CIC Bruce Gabrielse, Barbara L. Gabrielse, both of Fitchburg, Wisconsin, Brian Gabrielse, Jennifer Gabrielse, Bradley Gabrielse, Brenton Gabrielse, Katelyn Gabrielse, Kimberly Gabrielse, Matthew Gabrielse, all of Madison, Wisconsin, Jack L. Gabrielse, Denise Gabrielse, both of Oregon, Wisconsin, the Diane L. Gabrielse Declaration of Trust dated September 2, 1999, Diane L. Gabrielse, individually and as trustee of the Diane L. Gabrielse Declaration of Trust dated September 2, 1999, the Thomas H. Gabrielse Declaration of Trust dated September 2, 1999, Thomas H. Gabrielse as trustee of the Thomas H. Gabrielse Declaration of Trust dated September 2, 1999, all of Orland Park, Illinois, Mark Oostdyk, Heidi DeBruin, Kaye Oostdyk, all of Stoughton, Wisconsin, Stephanie Clark, St. Johns, Florida, David Gabrielse, Palos Heights, Illinois, Jeffrey Gabrielse, Jonathan Oostdyk, both of Plymouth, Minnesota, Justin Gabrielse, Maple Grove, Minnesota, Jayne Locascio, Palos Park, Illinois, William Oostdyk, South Elgin, Illinois, Valerie Therrien, Minneapolis, Minnesota, Katie Nelson, Frostburg, Maryland, and Keith Gabrielse, Cottage Grove, Wisconsin, together as a group acting in concert, to retain control of over 10 percent of the voting shares of Oak Financial, Inc., and thereby indirectly retain control of Oak Bank, both of Fitchburg, Wisconsin.
Newspaper: Not available
Federal Register: 05/21/2014
WESTERN ILLINOIS BANCSHARES, INC. CIC Notice by Augustin S. Hart III, Rebecca S. Hart & Broadwater Partners, LLC, all of Oquawka, Illinois, to retain more than 10 percent of Western Illinois Bancshares, Inc., Monmouth, Illinois.
Newspaper: Not available
Federal Register: Not available


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