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 March 26, 2016

Filer Filing Type Filing Proposal End of Comment Period
AMBANK HOLDINGS, INC. CIC Notice by Venkateswararao Alla, Rock Island, Illinois, individually and as trustee of the Revocable Trust Agreements known as: Atlantic Financial Holdings I Trust, the Atlantic Financial Holdings II Trust, the Atlantic Financial Holdings III Trust, and the Atlantic Financial Holdings IV Trust, all of Rock Island, Illinois; and acting in concert with Rajesh Alla, Rock Island, Illinois, Rakesh Alla, Rock Island, Illinois, and Suresh Alla, Moline, Illinois; for approval to increase and retain control of more than 25 percent of the voting shares of Ambank Holdings, Inc., Davenport, Iowa, and thereby indirectly control American Bank and Trust Company, N.A., Davenport, Iowa, pursuant to the Change in Bank Control Act.
Newspaper: Not available
Federal Register: 04/01/2016
BOSCOBEL BANCORP, INC. * 3A5
* 18C
* Branch
Boscobel Bancorp, Inc., Boscobel, Wisconsin to merge with Rural Bancshares of Wisconsin, Inc., Livingston, Wisconsin, and thereby indirectly acquire Livingston State Bank, Livingston, Wisconsin. In addition, Community First Bank, Boscobel, Wisconsin, to merge with Livingston State Bank, Livingston, Wisconsin. As a result of the merger, Community First Bank, Boscobel, Wisconsin, will establish branches at 125 East Center Street, Livingston, Wisconsin; and 1800 Progressive Parkway and 170 West Main Street, both of Platteville, Wisconsin. Notice by Thomas G. Kenney, Fennimore, Wisconsin, to acquire control of more than 25 percent of Boscobel Bancorp, Inc., Boscobel, Wisconsin, and thereby indirectly acquire control of Community First Bank, Boscobel, Wisconsin, and Livingston State Bank, Livingston, Wisconsin, upon the consummation of the merger of Rural Bancshares of Wisconsin, Inc., Livingston, with and into Boscobel Bancorp, Inc.
Newspaper: Not available
Federal Register: 04/15/2016
BOSCOBEL BANCORP, INC. CIC Notice by Thomas G. Kenney, Fennimore, Wisconsin, to acquire control of more than 25 percent of Boscobel Bancorp, Inc., Boscobel, Wisconsin, and thereby indirectly acquire control of Community First Bank, Boscobel, Wisconsin, and Livingston State Bank, Livingston, Wisconsin, upon the consummation of the merger of Rural Bancshares of Wisconsin, Inc., Livingston, with and into Boscobel Bancorp, Inc.
Newspaper: Not available
Federal Register: 04/06/2016
CHEMICAL BANK * Branch Chemical Bank, Midland, Michigan, to establish a branch at 1910 Parkview Avenue, Kalamazoo, Michigan.
Newspaper: Not available
Federal Register: Not applicable
CITIZENS BANK HOLDING, INC. CIC Warren E. Hansen Sr., Mukwonago, Wisconsin; together with 205 MacArthur LLC, Mukwonago, Wisconsin; Eunice Hansen and Warren E. Hansen Jr., both of Delavan, Wisconsin; Wayne E. Martin and Donna J. Martin, both of Waterloo, Wisconsin, Todd and Jacquilin Martin; Ann C. Hansen; Timothy W. Hansen; Jill and Kevin Wattles; and Andrew C. Hansen, as a group acting in concert, to acquire control of Citizens Bank Holding, Inc., Mukwonago, Wisconsin and thereby indirectly acquire control of Citizens Bank, Mukwonago, Wisconsin.
Newspaper: Not available
Federal Register: 04/04/2016
CITIZENS BANK HOLDING, INC. CIC James and Dorothy J. Watson, Pewaukee, Wisconsin, as trustee of the James M. Watson & Dorothy J. Watson Revocable Trust; together with Al Lustig and Janice Watson, Thiensville, Wisconsin, as trustee of the Al Lustig & Janice Watson Trust; Richard and Christine Watson, Richmond, Virginia, as trustee of the Richard J. Watson and Christine E. Watson Revocable Living Trust; Andrew Lustic, Theinsville, Wisconsin; Daniel J. Watson, Mesa, Arizona; Sarah E. Watson, LaCrosse, Wisconsin; and Catharine De Renzis, Richmond, Virginia, as a group acting in concert to retain control of Citizens Bank Holding, Inc., Mukwonago, Wisconsin and thereby indirectly retain control of Citizens Bank, Mukwonago, Wisconsin, pursuant to the Change in Bank Control Act.
Newspaper: Not available
Federal Register: Not available
COUNTRY BANCORPORATION CIC Notice by Thomas R. Bernau, Des Moines, Iowa, and John W. Bernau, Manchester, Iowa, each individually and as co-trustees of the Kay J. A. Bernau Marital Election Trust and the Kay J. A. Bernau Marital Trust; and together as a family control group acting in concert with the Bernau Family Control Group consisting of the William R. and Kay J. A. Bernau Family Trust for Thomas R. Bernau and the William R. and Kay J. A. Bernau Family Trust for John W. Bernau, to retain control of 100 percent of the voting shares of Country Bancorporation, Crawfordsville, Iowa. Country Bancorporation controls eight banks: Peoples Savings Bank, Crawfordsville, Iowa; Walker State Bank, Walker, Iowa; Center Point Bank and Trust Company, Center Point, Iowa; Peoples Trust and Savings Bank, Riverside, Iowa; Hiawatha Bank and Trust Company, Hiawatha, Iowa; White State Bank, South English, Iowa; The Exchange State Bank, Springville, Iowa; and Lone Tree Service Company, Lone Tree, Iowa, which controls Farmers and Merchants Savings Bank, Iowa City, Iowa.
Newspaper: Not available
Federal Register: 03/21/2016
HOMETOWN COMMUNITY BANCORP, INC. * 3A3 Hometown Community Bancorp, Inc. and Hometown Community Bancorp, Inc., Employee Stock Ownership Plan and Trust, both of Morton, Illinois to acquire 100 percent of Trivoli Bancorp, Inc., Trivoli, Illinois, and thereby indirectly acquire Heritage Bank of Central Illinois, Trivoli, Illinois.
Newspaper: Not available
Federal Register: Not available
MINIER FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS * 3A3 Minier Financial, Inc. Employee Stock Ownership Plan with 401(k) Provisions, Minier, Illinois, to increase its ownership of Minier Financial, Inc., Minier, Illinois, from 38.84 percent to 51 percent, and thereby increase its indirect ownership of First Farmers State Bank, Minier, Illinois.
Newspaper: 04/11/2016
Federal Register: 04/15/2016
STC BANCSHARES CORP. CIC Robert Greco, Wayne, Illinois, together with Gian Greco, Wayne, Illinois; Pasquale Greco, St. Charles, Illinois, Francesca Greco, Jaffe, St. Charles, Illinois and Eduardo Greco, St. Charles, Illinois; as a group acting in concert, to acquire over ten percent of the voting shares of STC Bancshares Corp., St. Charles, Illinois, and thereby indirectly control of STC Capital Bank, St. Charles, Illinois.
Newspaper: Not available
Federal Register: 03/24/2016
WCF FINANCIAL, M.H.C. * MHC Conversion WCF Financial, M.H.C., Webster City, Iowa, to convert to stock form and merge with and into Webster City Federal Bancorp, Webster City, Iowa. In connection with this application, Webster City Federal Bancorp will be merged into a de novo corporation named WCF Bancorp, Inc., an Iowa corporation, which has applied to become a savings and loan holding company by acquiring 100 percent of the voting shares of WCF Financial Bank, Webster City, Iowa.
Newspaper: Not available
Federal Register: 04/11/2016


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
ALPINE B&TC, ROCKFORD, ILLINOIS 813947 10/19/2015 04/08/2016 S Int Sm Bank
FARMERS & MRCH BK, BERLIN, WISCONSIN 574949 01/21/2014 04/26/2016 NI Small Bank
FARMERS AND MECHANICS BK, GALESBURG, ILLINOIS 744238 01/11/2016 05/04/2016 S Small Bank
LIBERTYVILLE B&TC, LIBERTYVILLE, ILLINOIS 2339795 09/21/2015 03/31/2016 S Large Bank
MARQUETTE BK, CHICAGO, ILLINOIS 716833 08/17/2015 04/22/2016 O Large Bank


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