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 12, 2018

Filer Filing Type Filing Proposal End of Comment Period
ARBOR BANCORP, INC. CIC Notice by the William C. Martin 2018 Grantor Retained Annuity Trust #1, with William C. Martin as trustee, and the William C. Martin 2018 Grantor Retained Annuity Trust #2, with William C. Martin as trustee, all of Ann Arbor, Michigan, to join the Martin Family Control Group approved on December 15, 2017, and acquire control of 10 percent or more of the voting shares of Arbor Bancorp, Inc., and thereby indirectly control Bank of Ann Arbor, both of Ann Arbor, Michigan.
Newspaper: Not available
Federal Register: 05/31/2018
CBC FINANCIAL, INC. * 3A1 CBC Financial, Inc., Westmont, Illinois, to become a bank holding company through the acquisition of 100 percent of Citizens Bank of Chatsworth, Chatsworth, Illinois.
Newspaper: Not available
Federal Register: 11/07/2017
CENTRAL STATE BANK * Branch Central State Bank, Elkader, Iowa, to establish a branch at 805 22nd Avenue, Coralville, Iowa.
Newspaper: Not available
Federal Register: Not applicable
LIBERTY BANCORPORATION CIC Notice by Ronald L. Hansen, Durant, Iowa, individually and as a group acting in concert with Thomas O. Hansen Living Trust, Thomas O. Hansen, Trustee, both of Enoch, Utah and the Hansen Grandchildren's Trust, Durant, Iowa, Ronald L. Hansen and Thomas O. Hansen, co-trustees, to acquire control of Liberty Bancorporation, Durant, Iowa and indirectly control Liberty Trust and Savings Bank, Durant, Iowa.
Newspaper: Not available
Federal Register: 05/23/2018
QCR HOLDINGS, INC. * 3A3 QCR Holdings, Inc., Moline, Illinois, to acquire 100 percent of the voting shares of Springfield Bancshares, Inc. and thereby indirectly acquire Springfield First Community Bank, both of Springfield, Missouri.
Newspaper: 05/31/2018
Federal Register: 05/24/2018
WESTBURY BANCORP, INC. * 3A1 Westbury Bancorp, Inc., West Bend, Wisconsin, to become a bank holding company following the conversion of its subsidiary bank, Westbury Bank, West Bend, Wisconsin, from a federal savings bank to a Wisconsin state chartered commercial bank.
Newspaper: Not available
Federal Register: 06/11/2018


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
HARTSBURG ST BK, HARTSBURG, ILLINOIS 799939 12/11/2017 05/06/2018 S Small Bank
WAYNE B&TC, CAMBRIDGE CITY, INDIANA 451246 05/02/2016 05/06/2018 S Small Bank


CRA Examinations scheduled for     Quarter of

Institution Location Quarter
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