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 January 25, 2020

Filer Filing Type Filing Proposal End of Comment Period
DMB CORPORATION, INC. CIC Notice by the DMB Corporation, Inc. Employee Stock Ownership Plan, DeForest, Wisconsin, and Bradley Schroeder, DeForest, Wisconsin, Rhonda Gilbertson, Pardeeville, Wisconsin, and Rachel Larson, Columbus, Wisconsin, as trustees, and as a group acting in concert; State Bank of Cross Plains, Cross Plains, Wisconsin, as custodian for Heather L. Schroeder Individual Retirement Account, Bradley Schroeder and Heather Schroeder, DeForest, Wisconsin, Kevin Gilbertson and Rhonda Gilbertson, Pardeeville, Wisconsin, and Aaron Larson and Rachel Larson, Columbus, Wisconsin, as a group acting in concert, with the groups to collectively retain 10 percent or more of the outstanding voting stock and thereby control of DMB Corporation, Inc., DeForest, Wisconsin, and thereby indirectly control DMB Community Bank, DeForest, Wisconsin.
Newspaper: Not available
Federal Register: 02/03/2020
J. CARL H. BANCORPORATION CIC Notice by Kim Marie Gundy, La Vista, Nebraska, Jill Ann Jacobsen, Forsyth, Illinois, Dean Xavier Langenfeld, Earling, Iowa, McKenzie Rae Bieker, Harlan, Iowa, Mark Albert Langenfeld II, Tipton, Iowa, Max Bernard Langenfeld, Earling, Iowa, and Magdalen Ann Langenfeld, Harlan, Iowa, to join Todd M. Langenfeld Revocable Living Trust Dated July 24, 1996, Todd M. Langenfeld, trustee, Earling, Iowa, as a group acting in concert (Langenfeld Family Control Group) and retain control of 25 percent of more of J. Carl. H. Bancorporation Inc., and thereby indirectly control Farmers Trust & Savings Bank, both of Earling, Iowa.
Newspaper: Not available
Federal Register: 02/13/2020
Katz Acquisition Corporation, LLC * 3A1 Katz Acquisition Corporation, LLC, Tampa, Florida, to become a bank holding company by acquiring 100 percent of Camp Grove Bancorp, Inc., and indirectly acquire Camp Grove State Bank, both of Camp Grove, Illinois
Newspaper: Not available
Federal Register: Not available
OREGON COMMUNITY BANK * 18C Oregon Community Bank, Oregon, Wisconsin to merge with McFarland State Bank, McFarland, Wisconsin
Newspaper: Not available
Federal Register: Not applicable
UNITED BANK FINANCIAL CORPORATION CIC Lynnea Kay Gery, individually, as special voting trustee of the Charles and Lois Welling Family Trust, La Grange, Illinois; and the Charles and Lois Welling Family Trust, Hutchinson Island, Florida, to acquire 25 percent or more of United Bank Financial Corporation, and thereby indirectly control United Bank of Michigan, both of Grand Rapids, Michigan.
Newspaper: Not available
Federal Register: 02/06/2020


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
CLEAR LAKE B&TC, CLEAR LAKE, IOWA 865544 10/21/2019 01/19/2020 S Int Small Bank


CRA Examinations scheduled for Quarter of 2020 () and First Quarter of 2020 (January 1, 2020 - March 31, 2020)

Institution Location Quarter
ALLY BK SANDY, UTAHFirst Quarter of 2020
BANK IA WEST DES MOINES, IOWAFirst Quarter of 2020
BANK MIDWEST SPIRIT LAKE, IOWAFirst Quarter of 2020
BARABOO ST BK BARABOO, WISCONSINFirst Quarter of 2020
CITIZENS FIRST ST BK OF WALNUT WALNUT, ILLINOISFirst Quarter of 2020
COMMUNITY ST BK AVILLA, INDIANAFirst Quarter of 2020
DEMOTTE ST BK DEMOTTE, INDIANAFirst Quarter of 2020
FARMERS AND MECHANICS BK GALESBURG, ILLINOISFirst Quarter of 2020
SPRINGFIELD FIRST CMNTY BK SPRINGFIELD, MISSOURIFirst Quarter of 2020

* 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: January 30, 2020