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 16, 2019

Filer Filing Type Filing Proposal End of Comment Period
BANK FIRST NATIONAL CORPORATION CIC Richard Molepske, as trustee of Richard S. Molepske Trust, Belleair, Florida, together with Michael B. Molepske and Amy H. Molepske, as trustees of the Michael B. Molepske and Amy H. Molepske Trust and Michael B. Molepske, as trustee of the Nicholas JA Molespke Gift Trust, all of Manitowoc, Wisconsin; Kim Burke Molepske of Belleair, Florida; Kay F. Schroeder of Manitowoc, Wisconsin; Mark R. Molespke, as trustee of the Mark R. Molespke Trust , Chicago, Illinois; Amy E. Molepske, as trustee of the Amy E. Molepske Trust, Chicago, Illinois; Scott J. and Sarah J. Molepske, as trustee of the Scott J. and Sarah J. Molepske trust, Cedarburg, Wisconsin, as a group acting in concert, to acquire control of 10 percent or more of the outstanding voting shares of Bank First National Corporation and thereby indirectly acquire Bank First National Association, both of Manitowoc, Wisconsin, pursuant to the Change in Bank Control Act.
Newspaper: Not available
Federal Register: 02/27/2019
ELGIN BANCSHARES, INC. CIC Notice by Jill E. Markowski, individually and as trustee of the Jill E. Sapiente Trust and Jill E. Markowski Descendants Trust, both of Inverness, Illinois; the Jill E. Sapiente Trust, Inverness, Illinois; the Jill E. Markowski Descendants Trust, Inverness, Illinois; together with John S. Sapiente, as trustee of the John S. Sapiente Revocable Trust, Naples, Florida; the John S. Sapiente Revocable Trust, Naples, Florida; Jacqueline M. Buckstaff, as trustee of the Jacqueline M. Sapiente Trust and the Jacqueline M. Buckstaff Descendants Trust, both of Deer Park, Illinois; the Jacqueline M. Sapiente Trust, Deer Park, Illinois; the Jacqueline M. Buckstaff Descendants Trust, Deer Park, Illinois; John A. Sapiente, as trustee of the John A. Sapiente Trust and the Joan A. Sapiente Descendants Trust, Inverness, Illinois; and the John A. Sapiente Trust, Inverness, Illinois; and the John A. Sapiente Descendants Trust, Inverness, Illinois to retain control of more than 25 percent of the voting shares of Elgin Bancshares, Inc., Elgin, Illinois, and thereby indirectly control Union National Bank and Trust Company, Elgin, Illinois.
Newspaper: Not available
Federal Register: 11/28/2018
EMMETSBURG BANK SHARES, INC. CIC Notice by Charles Sarazine, individually and on behalf of Maryanna Sarazine, both of Algona, Iowa, and together as a group acting in concert with: Annette Sarazine-Jensen, Omaha, Nebraska; Monte Jensen, Omaha, Nebraska; Lisa Elsenbast, Minneapolis, Minnesota; Frank Elsenbast, Minneapolis, Minnesota; Monica Anderegg, Edina, Minnesota; Julia T. Sarazine, Chicago, Illinois; James C. Spies, Graettinger, Iowa; Karen K. Spies, Graettinger, Iowa; Matt Spies, Spirit Lake, Iowa; Marty Spies, Spirit Lake, Iowa; Krista K. Fuller, Ankeny, Iowa; Lori J. Spies, Brookeville, Maryland; Nicole L. Henrickson, Spirit Lake, Iowa; Molly E. Westergard, Graettinger, Iowa; Samantha A. Spies, Spirit Lake, Iowa; Sydney P. Spies, Spirit Lake, Iowa, to retain control of Emmetsburg Bank Shares, Inc., Emmetsburg, IA, and indirectly control Iowa Trust & Savings Bank, Emmetsburg, IA and Panora State Bank, Panora, IA.
Newspaper: 02/28/2019
Federal Register: 02/19/2019
FIRST COMMUNITY BANCORP, INC. CIC David J. Cecich, Crown Point, Indiana, and Steven H. Cecich, Grant Park, Illinois, together as a group acting in concert, to acquire 10 percent or more of the voting shares of First Community Bancorp, Inc. and thereby indirectly acquire control of First Community Bank and Trust, both of Beecher, Illinois.
Newspaper: 01/25/2019
Federal Register: 02/19/2019
FIRST OTTAWA BANCSHARES, INC. CIC Notice by Daniel K. Miller of Barrington Hills, Illinois, to acquire 10 percent or more of the shares of First Ottawa Bancshares, Inc. and thereby indirectly control The First National Bank of Ottawa both of Ottawa, Illinois.
Newspaper: 01/07/2019
Federal Register: 01/08/2019
GREENWOODS FINANCIAL GROUP, INC. * 3A3 Greenwoods Financial Group, Inc., Lake Mills, Wisconsin, to acquire 100 percent of Fox River Financial Corporation, and thereby indirectly acquire Fox River State Bank, both of Burlington, Wisconsin.
Newspaper: 03/04/2019
Federal Register: 03/11/2019
MICOMMUNITY BANCORP, INC. * 3A1 MiCommunity Bancorp, Inc. to become a bank holding company through the acquisition of 100 percent of the voting shares of Mi Bank, in organization, both of Bloomfield Township, Michigan.
Newspaper: Not available
Federal Register: 03/06/2019
NORTHERN TRUST COMPANY, THE Foreign Branch Northern Trust Global Services Limited, Luxembourg, the foreign bank subsidiary of The Northern Trust Company, Chicago, Illinois, proposes to establish a foreign branch to be located in London, United Kingdom, pursuant to section 211.3(b)(3) of regulation K.
Newspaper: Not applicable
Federal Register: Not applicable
S.B.C.P. BANCORP, INC. * 3A3 S.B.C.P. Bancorp, Inc., Cross Plains, Wisconsin, to acquire 100 percent of Union Bancorp of Evansville, Inc., and thereby indirectly acquire Union Bank & Trust Company, both of Evansville, Wisconsin.
Newspaper: Not available
Federal Register: 03/18/2019
S.B.C.P. BANCORP, INC. CIC Notice by Stephen J. Eager, Evansville, Wisconsin, individually and as trustee of the Melinda C. Poole 2012 Trust, Evansville, Wisconsin; Christopher A. Eager and Denise Janssen Eager, Palm Springs, California, as trustees of the Eager Revocable Trust, Evansville, Wisconsin; and Melinda C. Poole, Carmel, California, together as a group acting in concert, to acquire 10 percent or more of the voting shares of S.B.C.P. Bancorp, Inc. and thereby indirectly control State Bank of Cross Plains, both of Cross Plains, Wisconsin
Newspaper: Not available
Federal Register: 03/04/2019
WATERMAN ACQUISITION GROUP, LLC * 3A1 Waterman Acquisition Group, LLC, Wilmette, Illinois to become a bank holding company by acquiring 100 percent of Waterman State Bank, Waterman, Illinois.
Newspaper: Not available
Federal Register: 03/11/2019
WINTRUST BANK * Branch Wintrust Bank, Chicago, Illinois, to establish a branch at 4800 N. Sheridan Rd., Chicago, Illinois.
Newspaper: 02/26/2019
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     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