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 January 3, 2015

Filer Filing Type Filing Proposal End of Comment Period
BROOKFIELD FINANCIAL HOLDINGS, INC. * 3A1 Brookfield Financial Holdings, Inc., Brookfield, Illinois, to become a bank holding company by acquiring 100 percent of First National Bank of Brookfield, Brookfield, Illinois.
Newspaper: Not available
Federal Register: 01/12/2015
COMMUNITY GRAIN CO. CIC Notice by William C. Hess, individually, and acting in concert with wife, Karen, both of Carroll, Iowa, to gain control of Community Grain Co., Carroll, Iowa, and thereby indirectly control Iowa Savings Bank, Carroll, Iowa. In addition, Timothy O. Lee, Coon Rapids, Iowa, to retain control of Community Grain Co.
Newspaper: Not available
Federal Register: 12/08/2014
FIRST INDEPENDENCE CORPORATION CIC Gregory Jackson, Detroit, Michigan, individually, and together as a group acting in concert with Roy S. Roberts, Bloomfield Hills, Michigan, to acquire 25 percent or more of the voting shares of First Independence Corporation, Detroit, Michigan, and thereby indirectly acquire control of First Independence Bank, Detroit, Michigan.
Newspaper: Not available
Federal Register: 01/02/2015
LEVEL ONE BANCORP, INC. * 3A5 Level One Bancorp, Inc., Farmington Hills, Michigan, to merge with Lotus Bancorp, Inc., Novi, Michigan, and thereby indirectly acquire Lotus Bank, Novi, Michigan.
Newspaper: Not available
Federal Register: 01/15/2015
MIDWESTONE FINANCIAL GROUP, INC. * 3A3 Notice by MidWestOne Financial Group, Inc., Iowa City, Iowa, to acquire up to 100 percent of the voting shares of Central Bancshares, Inc., Golden Valley, Minnesota, and thereby indirectly acquire Central Bank, Golden Valley, Minnesota.
Newspaper: Not available
Federal Register: 01/23/2015
OSSIAN FINANCIAL SERVICES, INC. CIC Michael G. Lewis, individually and as trustee of the W.W. Pete Archbold Trust, Ossian, Indiana, to individually acquire 10 percent or more or the outstanding shares of Ossian Financial Services, Inc., and Michael G. Lewis, individually and as trustee of the W.W. Pete Archbold Trust, together as a group acting in concert with the W.W. Pete Archbold Trust, David Lewis, Gary Lewis, Tonya Lewis, Barbara Gehring, Kent Gehring, and Diane Scheumann, all of Ossian, Indiana, to acquire 10 percent or more or the outstanding shares of Ossian Financial Services, Inc., and thereby indirectly acquire control of Ossian State Bank, both of Ossian, Indiana.
Newspaper: 12/12/2014
Federal Register: 01/09/2015
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: 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