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 February 21, 2015

Filer Filing Type Filing Proposal End of Comment Period
BANK OF HIGHLAND PARK FINANCIAL CORP CIC Notice by David B. Pogrund, Chicago, Illinois, and Randy L. Green, Highland Park, Illinois, individually as co-trustees of 153 trusts for family members of the late Sanford Takiff, and acting in concert with the Takiff Family Foundation, Glencoe, Illinois, an Illinois not-for-profit corporation, controlled by its directors, Sherri Zirlin, Glencoe, Illinois; Elizabeth Scheinfeld, Glencoe, Illinois; Jill Hirsh, Glencoe, Illinois; and Bobette Takiff, Glencoe, Illinois; and Sherri Zirlin, individually; Elizabeth Scheinfeld, individually; and Jill Hirsh, individually, to retain control of 100 percent of the outstanding voting stock of Bank of Highland Park Financial Corp., Highland Park, Illinois, and thereby indirectly control First Bank of Highland Park, Highland Park, Illinois.
Newspaper: Not available
Federal Register: 03/03/2015
CENTRAL STATE BANK * 18C
* Branch
* 3A3
Central Bancshares, Inc., Muscatine, Iowa, to acquire 100 percent of Buffalo Prairie State Bank, Buffalo Prairie, Illinois, and simultaneously merge Buffalo Prairie State Bank with and into Central Bancshares, Inc.'s wholly-owned bank, Central State Bank, Muscatine, Iowa. As a result of the merger, Central State Bank will establish a branch office at 20228 183rd Avenue West, Buffalo Prairie, Illinois.
Newspaper: Not available
Federal Register: 02/20/2015
CHEMICAL FINANCIAL CORPORATION * 3A5
* 18C
* Branch
Chemical Financial Corporation, Midland, Michigan, to merge with Lake Michigan Financial Corporation, Holland, Michigan and thereby acquire control of The Bank of Holland, Holland, Michigan and The Bank of Northern Michigan, Petoskey, Michigan. In connection with the holding company merger, Chemical Bank, Midland, Michigan, to merge and consolidate The Bank of Holland and The Bank of Northern Michigan with and into Chemical Bank and to operate all of the offices of The Bank of Holland and The Bank of Northern Michigan, as branches of Chemical Bank.
Newspaper: Not available
Federal Register: 03/09/2015
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
Hill Road Financial Holdings, LLC * 3A1 Hill Road Financial Holdings LLC and Hill Road Acquisition Corporation, both of Chicago, Illinois, to become bank holding companies through the acquisition of 100 percent of the outstanding voting shares of Citizens First State Bank of Walnut, Walnut, Illinois, pursuant to section 3(a)(1) of the Bank Holding Company Act.
Newspaper: Not available
Federal Register: Not available
MORTON COMMUNITY BANK * Branch Morton Community Bank, Morton, Illinois, to establish a branch at 2401 East Empire Street, Bloomington, Illinois.
Newspaper: 02/25/2015
Federal Register: Not applicable
STURGIS BANCORP, INC. * 3A3 Sturgis Bancorp, Inc., Sturgis, Michigan, to acquire 100 percent of voting shares of The West Michigan Savings Bank, Bangor, Michigan.
Newspaper: Not available
Federal Register: 03/13/2015
SULLIVAN BANCSHARES, INC. CIC Sally F. Duncan, Mt. Zion, Illinois, individually and as trustee of the Henry M. B. Wilson Irrevocable Trust, Henry M.B. Wilson, Sullivan, Illinois, individually and as beneficiary with the power to remove any trustee of the Henry M. B. Wilson Irrevocable Trust, and the Henry M. B. Wilson Irrevocable Trust, Sullivan, Illinois, individually and all of the foregoing as a group acting in concert to acquire more than 25 percent of the stock of Sullivan Bancshares, Inc., Sullivan, Illinois, and thereby indirectly acquire First National Bank of Sullivan, Sullivan, Illinois.
Newspaper: Not available
Federal Register: 03/03/2015
VILLAGE BANK & TRUST * Branch Village Bank & Trust Company, Arlington Heights, Illinois, to establish a branch facility at 1250 Village Drive, Arlington Heights, Illinois. The branch will be located in Luther Village, an assisted-care retirement facility.
Newspaper: Not available
Federal Register: Not applicable


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 Second Quarter of 2015 (April 1, 2015 - June 30, 2015)

Institution Location
CALUMET CTY BK BRILLION, WISCONSIN
CEDAR RAPIDS B&TC CEDAR RAPIDS, IOWA
FARMERS ST BK LAKE VIEW, IOWA
FIRST CMNTY B&TC BEECHER, ILLINOIS
G W JONES EXCHANGE BK MARCELLUS, MICHIGAN
HOME T&SB OSAGE, IOWA
NORTHBROOK B&TC NORTHBROOK, ILLINOIS
TOWN BK HARTLAND, WISCONSIN
WOODTRUST BK NA WISCONSIN RAPIDS, WISCONSIN

* 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