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 May 20, 2017

Filer Filing Type Filing Proposal End of Comment Period
FARMERS AND MECHANICS BANK, THE * Branch The Farmers and Mechanics Bank, Galesburg, Illinois, to establish a Branch at the corner of Knox Square Drive and Veterans Drive, Galesburg, Illinois.
Newspaper: 05/27/2017
Federal Register: Not applicable
MERCHANTS BANCORP * 3A3 Merchants Bancorp, Carmel, Indiana, to acquire 100 percent of the outstanding shares of Joy State Bank, Joy, Illinois.
Newspaper: Not available
Federal Register: 06/20/2017
OWEN FINANCIAL CORPORATION CIC Michael S. McCracken, Spencer, Indiana, to acquire 10 percent or more of the voting shares of Owen Financial Corporation, and thereby indirectly acquire control of Owen County State Bank, both of Spencer, Indiana.
Newspaper: Not available
Federal Register: 06/12/2017
WINTRUST BANK * Branch Wintrust Bank, Chicago, Illinois, to establish a branch at 2250 N. Sheffield Avenue, Chicago, Illinois and 333 S. State Street, Chicago, Illinois.
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 Third Quarter of 2017 (July 1, 2017 - September 30, 2017) and Fourth Quarter of 2017 (October 1, 2017 - December 31, 2017)

Institution Location Quarter
BANK IA WEST DES MOINES, IOWAThird Quarter of 2017
CHEMICAL BK MIDLAND, MICHIGANThird Quarter of 2017
FIRST FARMERS B&T CONVERSE, INDIANAThird Quarter of 2017
GRUNDY BK MORRIS, ILLINOISThird Quarter of 2017
LOGAN ST BK LOGAN, IOWAThird Quarter of 2017
NORTHBROOK B&TC NORTHBROOK, ILLINOISThird Quarter of 2017
ROCKFORD B&TC ROCKFORD, ILLINOISThird Quarter of 2017
STATE BK NEW HAMPTON, IOWAThird Quarter of 2017
FIRST B&T EVANSTON, ILLINOISFourth Quarter of 2017
FIRST CMNTY BK HARBOR SPRINGS, MICHIGANFourth Quarter of 2017
FIRST HERITAGE BK SHENANDOAH, IOWAFourth Quarter of 2017
HARTSBURG ST BK HARTSBURG, ILLINOISFourth Quarter of 2017
HINSDALE B&TC HINSDALE, ILLINOISFourth Quarter of 2017
IOWA ST BK HULL, IOWAFourth Quarter of 2017
ISABELLA BK MOUNT PLEASANT, MICHIGANFourth Quarter of 2017
LAKE CITY BK WARSAW, INDIANAFourth Quarter of 2017
ROLLING HILLS B&T ATLANTIC, IOWAFourth Quarter of 2017

* 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