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 27, 2020

Filer Filing Type Filing Proposal End of Comment Period
ARBOR BANCORP, INC. CIC Christopher S. Grant, Ann Arbor, Michigan, as Trust Director of The Martin Grandchildren?s Trust, the William C. Martin GRAT Remainder Trust f/b/o William S. Martin and the William C. Martin GRAT Remainder Trust f/b/o Michael C. Martin (collectively the ?Trusts?), all as a group acting in concert, to join the Martin Family Control Group as approved on December 15, 2017; June 21, 2018; and November 8, 2019, to acquire 10 percent or more of the shares of Arbor Bancorp, Inc., Ann Arbor, Michigan, and thereby indirectly control Bank of Ann Arbor, both of Ann Arbor Michigan.
Newspaper: Not available
Federal Register: Not available
FIRST STATE BANK HOLDING COMPANY CIC Notice by Nancy Toppenberg, Newton, Iowa, together with Linda Fleagle and Jerry Fleagle both of Coralville, Iowa, and Brian Toppenberg, Norwalk, Iowa, as a group acting in concert, to acquire control of more than 10 percent of the voting shares of First State Bank Holding Company, and thereby indirectly control First State Bank, both of Lynnville, Iowa.
Newspaper: Not available
Federal Register: 07/14/2020
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: 07/25/2020
Federal Register: Not available
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
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: 07/17/2020
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