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 22, 2020

Filer Filing Type Filing Proposal End of Comment Period
AMBANK HOLDINGS, INC. CIC Forsyth Equity Partners, LP, and its general partner Rakesh Alla, both of Rock Island, Illinois, to acquire 10 percent or more of AmBank Holdings, Inc., and indirectly American Bank and Trust Company, N.A, both of Davenport, Iowa. In addition, Forsyth Equity Partners, LP is seeking to become qualified family partnership, pursuant to 12 U.S.C. Code 1841 (0)(10).
Newspaper: Not available
Federal Register: 02/20/2020
DEERE & COMPANY INC. CIC Notice by Cascade Investment, L.L.C., Kirkland, WA, and sole member William H. Gates III, Medina, WA, to retain 10 percent or more of the voting shares of Deere & Company Inc., Moline, IL, and thereby indirectly control John Deere Financial, F.S.B., Madison, Wisconsin.
Newspaper: 02/20/2020
Federal Register: 02/20/2020
FREEDOM HOLDINGS COMPANY CIC Notice by Heather L.H. Miller Revocable Trust, Heather L. H. Miller as trustee, Urbandale, Iowa, and Heidi A. Loverude Revocable Trust, Heidi A. Loverude as trustee, Urbandale, Iowa, to be added to the Hill Family Control Group, as previously approved by the Federal Reserve on September 28, 2006, and thereby respectively retain control of 25 percent and 10 percent or more of the shares of Freedom Holdings Company, and thereby indirectly control Freedom Financial Bank, both of West Des Moines, Iowa.
Newspaper: Not available
Federal Register: 03/02/2020
GREEN BELT BANCORPORATION CIC Notice by Christopher W. Weaver, Iowa Falls, Iowa, individually, and Rex R. Weaver, Granger, Iowa, Steven L. Afdahl, Temecula, California, and Daniel L. Stockdale, Iowa Falls, Iowa, as co-trustees of the Rex R. Weaver Revocable Trust II Agreement, individually, and together as a group acting in concert, to retain control of 25 percent or more of the shares of Green Belt Bancorporation and thereby indirectly control Green Belt Bank & Trust, both of Iowa Falls, Iowa.
Newspaper: Not available
Federal Register: Not available


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 Second Quarter of 2020 (April 1, 2020 - June 30, 2020) and Third Quarter of 2020 (July 1, 2020 - September 30, 2020)

Institution Location Quarter
FARMERS & MRCH SVG BK MANCHESTER, IOWASecond Quarter of 2020
FARMERS T&SB BUFFALO CENTER, IOWASecond Quarter of 2020
GLENWOOD ST BK GLENWOOD, IOWASecond Quarter of 2020
ISABELLA BK MOUNT PLEASANT, MICHIGANSecond Quarter of 2020
MARQUETTE BK CHICAGO, ILLINOISSecond Quarter of 2020
ST CHARLES B&TC NA SAINT CHARLES, ILLINOISSecond Quarter of 2020
THUMB B&TC PIGEON, MICHIGANSecond Quarter of 2020
CENTRAL BK STORM LAKE, IOWAThird Quarter of 2020
FIRST T&SB OF WATSEKA WATSEKA, ILLINOISThird Quarter of 2020
FNNB BK NEWTON, IOWAThird Quarter of 2020
GUILFORD BKG CTR ROCKFORD, ILLINOISThird Quarter of 2020
ILLINI ST BK OGLESBY, ILLINOISThird Quarter of 2020
PREMIER BK DUBUQUE, IOWAThird Quarter of 2020
PRIMEBANK LE MARS, IOWAThird 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: February 27, 2020