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 June 13, 2020

Filer Filing Type Filing Proposal End of Comment Period
GNB BANCORPORATION 4c8 GNB Bancorporation, Grundy Center, Iowa proposes to take assignment of a loan to GNB Bancorporation ESOP and thereby engage in the nonbanking activity of making and servicing loans pursuant to section 225.28(b)(1)of Regulation Y.
Newspaper: Not applicable
Federal Register: 06/30/2020
LASALLE BANCORP, INC. CIC Notice by S.C. Investments, L.P., Palatine, Illinois, with Gerald F. Fitzgerald as general partner; the Fitzgerald Dynasty Trust, Palatine, Illinois, with Denise M. Fitzgerald as trustee; the James G. Fitzgerald 1988 Trust, Naples, Florida, with James G. Fitzgerald as trustee; the Andrew J. Fitzgerald 2011 Trust, Santa Barbara, California, with Andrew J. Fitzgerald as trustee; the Timothy E. Fitzgerald 2011 Trust, Naples, Florida, with Timothy J. Fitzgerald and James G. Fitzgerald as co-trustees; and the Whooper Trust, Naples, Florida, with Jane M. Fitzgerald as trustee, as a group acting in concert, to join the Fitzgerald family control group, to retain and acquire 25 percent or more of LaSalle Bancorp, LaSalle, Illinois and thereby indirectly control Hometown National Bank, LaSalle, Illinois.
Newspaper: Not available
Federal Register: 06/17/2020
MERCHANTS BANCORP 4c8 Merchants Bancorp, Carmel, Indiana proposes to increase its non-voting Class B membership interest from 30 percent to 44.23 percent in Arcline Lending, LLC, Mount Laurel, New Jersey and thereby engage in the nonbanking activity of making and servicing loans and real estate settlement servicing, pursuant to sections 225.28(b)(1) and 225.28(b)(2)(viii) of Regulation Y.
Newspaper: Not applicable
Federal Register: 06/30/2020
SECURITY FINANCIAL, INC. CIC Notice by Todd Madson, Jefferson, Iowa, individually, to retain control of Security Financial, Inc., Farnhamville, Iowa, through his 2,509 shares and eleven month proxy to vote an additional 14,945 shares for total control of 17,454 shares, or 57.175 percent.
Newspaper: Not available
Federal Register: 07/01/2020


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
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