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 December 7, 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: 12/03/2019
Federal Register: 11/21/2019
BOSSHARD FINANCIAL GROUP, INC. * 3A5 Bosshard Financial Group, Inc., La Crosse, Wisconsin, to merge with Northern Bankshares, Inc., McFarland, Wisconsin, and thereby indirectly acquire McFarland State Bank, McFarland, Wisconsin.
Newspaper: 12/21/2019
Federal Register: 12/30/2019
CENTRAL BANK * 18C
* Branch 		Central Bank, Storm Lake, Iowa to purchase certain assets and assume certain liabilities of MetaBank of Sioux Falls, South Dakota. In connection with the purchase and assumption, MetaBank offices located at 4900 S. Western Avenue, Sioux Falls, South Dakota; 2500 S. Minnesota Avenue, Sioux Falls, South Dakota; 2104 W. 12th Street, Sioux Falls, South Dakota; 600 Main Avenue, Brookings, South Dakota; 4848 86th Street, Urbandale, Iowa; 3624 6th Avenue, Des Moines, Iowa; 3455 Ingersoll Avenue, Des Moines, Iowa; 121 E. 5th Street, Storm Lake, Iowa; and 1413 N. Lake Avenue, Storm Lake, Iowa will become branches of Central Bank.
Newspaper: 01/06/2020
Federal Register: Not applicable
EATON FEDERAL MUTUAL HOLDING COMPANY * MHC Formation
* MHC Mid-Tier Formation 		Eaton Federal Mutual Holding Company, to become a mutual savings and loan holding company, and Eaton Federal Stock Holding Company, to become a mid-tier stock savings and loan holding company, by acquiring 100 percent of Eaton Federal Savings Bank, all of Charlotte, Michigan, in connection with the thrift's conversion from mutual to stock form.
Newspaper: Not available
Federal Register: 12/27/2019
LEVEL ONE BANCORP, INC. CIC Notice by James Bellinson, Bloomfield Township, Michigan, Eric Todd, York Township, Michigan, Neil Glaser, Brooklyn, New York and Susan Bellinson, City Island, New York, as a group acting in concert, to acquire 10% or more of the voting shares of Level One Bancorp, Inc., and thereby indirectly acquire control of Level One Bank, both of Farmington Hills, Michigan.
Newspaper: Not available
Federal Register: Not available
SWORD FINANCIAL CORPORATION CIC Frederick F. Schwertfeger, Brookfield, Wisconsin, individually and in his capacity as trustee of the Triller/Schwertfeger Voting Trust and the Horicon Bank Profit Sharing and Employee Stock Ownership Trust; Frederick C. Schwertfeger, Elm Grove, Wisconsin; Alexandra G. Solanki, Wauwatosa, Wisconsin; and Gail M. Jones, Woodinville, Washington to join the Schwertfeger Family Control Group and retain 25 percent or more and thereby control Sword Financial Corporation and indirectly control Horicon Bank, both of Horicon, Wisconsin.
Newspaper: Not available
Federal Register: Not available
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
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

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Last update: December 12, 2019