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 November 9, 2019

Filer Filing Type Filing Proposal End of Comment Period
BEDFORD BANCORP, INC. CIC Notice by Jay Courtney Hammond, Omaha, Nebraska; Logan Lucile Hammond, Nebraska City, Nebraska; and Tad D. Hammond, Nebraska City, Nebraska, as custodian for two minors under the Iowa Uniform Transfers to Minors Act, to acquire shares of Bedford Bancorp, Inc., Bedford, Iowa, and acting in concert with Tad D. Hammond, Nebraska City, Nebraska, to form the Hammond Family Control Group and thereby retain control of 25 percent or more of Bedford Bancorp, Inc., Bedford, Iowa, and thereby indirectly control State Savings Bank, Creston, Iowa.
Newspaper: Not available
Federal Register: 11/21/2019
BOSSHARD FINANCIAL GROUP, INC. CIC Notification by Andrew R. Bosshard, as trustee of the Alexandra Tana Bosshard Irrevocable Trust of 2018, the Lindsey Bosshard Irrevocable Trust of 2018, and the Nathan Bosshard-Blackey Irrevocable Bank Trust, LaCrosse, Wisconsin; The Alexandra Tana Bosshard Irrevocable Trust of 2018, LaCrosse, Wisconsin; The Lindsey Bosshard Irrevocable Trust of 2018, LaCrosse, Wisconsin; and the Nathan Bosshard-Blackey Irrevocable Bank Trust, LaCrosse, Wisconsin to acquire 10 percent or more of the shares of Bosshard Financial Group, Inc., La Crosse, Wisconsin, and join the Bosshard Family Group approved in May 2018 which controls 25 percent or more of the shares Bosshard Financial Group, Inc. and thereby indirectly control Oregon Community Bank of Oregon, Wisconsin, and Farmers State Bank of Hillsboro, Wisconsin.
Newspaper: Not available
Federal Register: 10/24/2019
FIRST COMMUNITY BANK * Branch First Community Bank of Harbor Springs, Michigan, to establish a branch at 379 S. Old Woodward Ave, Birmingham, Michigan.
Newspaper: 11/15/2019
Federal Register: Not applicable
FIRSTATE BANCORP, INC. CIC Charles S. Lichtigman, Ormond Beach, Florida, individually and together with Edward D. Lightman, Winter Park, Florida, Sanford Miller, Ormond Beach, Florida, Daniel J. Miller, Winter Park, Florida, James R. Bledsoe, Ormond Beach, Florida, Michael J. Opalewski, Ormond Beach, Florida, James R. Hester, Astor, Florida, Timothy W. Curtis, Ormond Beach, Florida, L. Gale Lemerand, Daytona Beach, Florida, Philip T. Fleuchaus, Ormond Beach, Florida, and William Navarra, Ormond Beach, Florida, as a group acting in concert, to acquire 100% of FirState Bancorp, Inc. and thereby indirectly control 1st State Bank of Mason City, both of Mason City, Illinois.
Newspaper: 11/25/2019
Federal Register: 11/21/2019
GREENE INVESTMENT CO. * 3A5 Greene Investment Company, Jefferson, Iowa, to merge with Perry Investment Company, Perry, Iowa, and indirectly acquire Raccoon Valley Bank, Perry, Iowa.
Newspaper: Not available
Federal Register: 12/05/2019
NORTHSTAR FINANCIAL GROUP, INC. CIC Notice by Jerry A. Peplinski of Ubly, Michigan, individually, as trustee of the Nicole Peplinski 2016 Northstar Irrevocable Trust, and as trustee of the Peplinski Family 2012 Trust; and by the Frank A. Peplinski Trust dated June 14, 2017, with Frank A. Peplinski as trustee; the David A. Peplinski Trust dated April 17, 2017, with David A. Peplinski and Marilyn R. Peplinski as trustees; the Brandon Watchowski 2017 Northstar Irrevocable Trust, with Curtis Watchowski and Lynda Watchowski as trustees; the Terry A. Peplinski Trust dated June 27, 2018, with Terry A. Peplinski as trustee; the Lynda M. Watchowski Trust dated May 30, 2018, with Lynda M. Watchowski as trustee; the Jonathan Watchowski 2019 Northstar Irrevocable Trust, with Curtis Watchowski and Lynda Watchowski as trustees; and a certain minor child, all of Bad Axe, Michigan, to be added to the Peplinski Family Control Group, as previously approved by the Federal Reserve on May 16, 2012; and by Jeffrey J. Roberts Trust dated December 29, 2016, with Jeffrey J. Roberts as trustee, of Bad Axe, Michigan, to be added to the Roberts Family Control Group, as previously approved by the Federal Reserve on May 16, 2012, and thereby retain control of the voting shares of Northstar Financial Group, Inc. and thereby indirectly control Northstar Bank, both of Bad Axe, Michigan.
Newspaper: 11/20/2019
Federal Register: 11/20/2019
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


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
COMMUNITY ST BK, ANKENY, IOWA 790543 03/04/2019 11/03/2019 S Int Small Bank
FIRST CITIZENS BK, MASON CITY, IOWA 186744 07/22/2019 11/04/2019 S Int 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