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: 10
Federal Reserve Bank of: Kansas City

Filings received during the week ending December 31, 2016

Filer Filing Type Filing Proposal End of Comment Period
FARMERS STATE BANCSHARES, INC. * 3A5 Farmers State Bancshares, Inc., Dodge, Nebraska, to merge with Farmers State Bancshares II, Inc., Spencer, Nebraska, parent of Farmers State Bank, Spencer, Nebraska.
Newspaper: Not available
Federal Register: 01/23/2017
GRACE INVESTMENT COMPANY, INC. CIC The Bryant James Gingrich 2012 Irrevocable Trust, the Bryant James Gingrich 2016 Irrevocable Trust, and Bryant James Gingrich, acting in his capacity as trustee of both such trusts, all three of Alva, Oklahoma, the Chad Wisdom McManus 2012 Irrevocable Trust, the Chad Wisdom McManus 2016 Irrevocable Trust, and Chad Wisdom McManus, acting in his capacity as trustee of both such trusts, all three of Enid, Oklahoma, and the Kelsey Grace Gingrich 2012 Irrevocable Trust, the Kelsey Grace Hunter 2016 Irrevocable Trust, and Kelsey Grace Hunter, n�e Gingrich, acting in her capacity as trustee of both such trusts, all three of Edmond, Oklahoma; to acquire shares of Grace Investment Company, Inc., Alva Oklahoma, and for approval as members of the Peggy J. Wisdom Family Control Group. Grace Investments Company, Inc. is the parent company of Alva State Bank and Trust, Alva, Oklahoma; First National Bank in Okeene, Okeene, Oklahoma; and The First State Bank, Kiowa, Kansas.
Newspaper: Not available
Federal Register: 01/18/2017
OSBORNE INVESTMENTS, INC. CIC Steven L. Bihlmaier, Osborne, Kansas, and Douglas D. Bihlmaier, Dairen, Connecticut, Osborne, Kansas, to acquire control of Osborne Investments, Inc., parent of The Farmers Bank of Osborne, both of Osborne, Kansas through the acquisition of voting shares and for approval as a member of the Bihlmaier Family Group. In addition, Cheryl A. Bihlmaier, Osborne, Kansas, as a member of the Bihlmaier Family Group, to retain shares of Osborne Investments, Inc., parent of The Farmers Bank of Osborne, both of Osborne, Kansas.
Newspaper: 01/11/2017
Federal Register: 01/03/2017
STATE EXCHANGE BANCSHARES, INC. CIC Clay Muegge and Chad Muegge, both of Lamont, Oklahoma, to retain shares of State Exchange Bancshares, Inc., Lamont, Oklahoma, and for approval as members of the Muegge Family Group that controls State Exchange Bancshares, Inc., parent of State Exchange Bank, both of Lamont.
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