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 22, 2014

Filer Filing Type Filing Proposal End of Comment Period
1ST SOURCE BANK * Branch Notice by 1st Source Bank, South Bend, Indiana, to open a branch office located at 2381 West Centre Avenue, Portage, Michigan.
Newspaper: 11/28/2014
Federal Register: Not applicable
AMB FINANCIAL CORP. * 3A1 AMB Financial Corporation, Munster, Indiana, proposes to become a bank holding company through the acquisition of 100 percent of the outstanding voting shares of American Community Bank of Indiana, Munster Indiana (formerly American Savings, FSB, Munster, Indiana, a federal savings bank that proposes to convert to a commercial bank).
Newspaper: 11/24/2014
Federal Register: 11/24/2014
BSB COMMUNITY BANCORPORATION, INC. CIC Steven P. Malone Revocable Trust dated December 27, 2011, and Steven P. Malone, as trustee of the Steven P. Malone Revocable Trust, Apple River, Illinois, individually, and the Steven P. Malone Revocable Trust dated December 27, 2011, and Steven P. Malone, as trustee of the Steven P. Malone Revocable Trust, together as a group acting in concert with Lisa M. Byrne and Matthew P. Byrne, both of Aurora, Illinois, and Patrick I. Malone and Jean L. Malone, both of Apple River, Illinois, to retain control of 10 percent or more of the voting shares of BSB Community Bancorporation, Inc., and thereby indirectly retain control of Benton State Bank, both of Benton, Wisconsin.
Newspaper: Not available
Federal Register: 11/26/2014
CHEMICAL FINANCIAL CORPORATION * 3A5 Chemical Financial Corporation, Midland, Michigan intends to apply to the Federal Reserve Board for permission to merge with a bank holding company, Monarch Community Bancorp, Inc., Coldwater, Michigan, and thereby acquire control of Monarch Community Bank, Coldwater, Michigan.
Newspaper: Not available
Federal Register: 12/23/2014
FARMERS & MERCHANTS SAVINGS BANK * 18C
* Branch
Farmers & Merchants Savings Bank, Manchester, Iowa, to merge with its sister bank, Security Savings Bank, Eagle Grove, Iowa. As a result of the merger, all locations of Security Savings Bank will become branches of Farmers & Merchants Savings Bank.
Newspaper: Not available
Federal Register: Not applicable
FIRST AMERICAN BANK * Branch First American Bank, Fort Dodge, Iowa, to establish a branch facility to be located at 1742 Hamilton Blvd., Sioux City, Iowa.
Newspaper: 11/26/2014
Federal Register: Not applicable
FIRST BUSEY CORPORATION * 3A5 First Busey Corporation, Champaign, Illinois, to acquire 100 percent of Herget Financial Corporation, Pekin, Illinois and thereby indirectly acquire Herget Bank, National Association, Pekin, Illinois.
Newspaper: 11/30/2014
Federal Register: 12/01/2014
FIRST FARMERS BANK & TRUST * 18C
* Branch
First Farmers Bank & Trust Company, Converse, Indiana, to merge with Community Bank, Hoopeston, Illinois and thereby establish 2 branch offices.
Newspaper: 11/29/2014
Federal Register: Not applicable
FIRST FARMERS BANK & TRUST * 18C
* Branch
First Farmers Bank & Trust Company, Converse, Indiana, to merge with United Community Bank, Oakwood, Illinois, and thereby establish 2 branch offices.
Newspaper: Not available
Federal Register: Not applicable
FIRST FARMERS BANK & TRUST * 18C
* Branch
First Farmers Bank & Trust Company, Converse, Indiana, to merge with First National Bank of Chrisman, Chrisman, Illinois, and thereby establish 1 branch office.
Newspaper: Not available
Federal Register: Not applicable
OSSIAN FINANCIAL SERVICES, INC. CIC W. W. Pete Archbold Trust, and Michael G. Lewis as trustee of the W. W. Pete Archbold Trust, both of Ossian, Indiana, to acquire control of 10 percent or more of the voting shares of Ossian Financial Services, Inc., and thereby indirectly acquire control of Ossian State Bank, both of Ossian, Indiana, pursuant to the Change in Bank Control Act.
Newspaper: Not available
Federal Register: Not available
OXFORD FINANCIAL CORPORATION CIC The 2011 Colis Delta Trust, Oakbrook, Illinois and George P. Colis; John N. Colis; Valerie Colis-Livaditus; and Leslie Colis-Ward as trustees have applied under the Change in Bank Control to retain, as trustees of the 2011 Colis Delta Trust, Oakbrook, Illinois, a controlling interest in Oxford Financial Corporation, Oakbrook, Illinois, and thereby indirectly retain control of Oxford Bank and Trust, Oak Brook, Illinois.
Newspaper: Not available
Federal Register: 11/07/2014


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 First Quarter of 2015 (January 1, 2015 - March 31, 2015)

Institution Location
BANK IA WEST DES MOINES, IOWA
BANK OF OAKFIELD OAKFIELD, WISCONSIN
BANK OF PONTIAC PONTIAC, ILLINOIS
COLUMBUS JUNCTION ST BK COLUMBUS JUNCTION, IOWA
FARMERS ST BK OF WAUPACA WAUPACA, WISCONSIN
FIRST MIDWEST BK ITASCA, ILLINOIS
FREEDOM FNCL BK WEST DES MOINES, IOWA
IOWA PRAIRIE BK BRUNSVILLE, IOWA
TRI-COUNTY BK BROWN CITY, MICHIGAN

* 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