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 26, 2020

Filer Filing Type Filing Proposal End of Comment Period
ALLIANCE BANCORP CIC Alliance Bancorp Employee Stock Ownership Plan with 401(k) Provisions, Francesville, Indiana, together with Shane R. Pilarski, Francesville, Indiana, Ronald K. Kruger, Francesville, Indiana, and Alyssa M. Chapman, Winamac, Indiana, as administrators, and as a group acting in concert, to retain control of 10 percent or more of the voting shares of Alliance Bancorp, Francesville, Indiana, and thereby indirectly control Alliance Bank, Francesville, Indiana.
Newspaper: Not available
Federal Register: 12/08/2020
ALLY BANK PWI Ally Bank, Sandy, Utah, for prior approval to make a public welfare investment pursuant to section 208.22(b) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
ALLY BANK PWI Ally Bank, Sandy, Utah, for prior approval to make up to $20 million public welfare investment in Boston Financial Institutional Tax Credits 54 Limited Partnership, pursuant to section 208.22(b)of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
INDEPENDENCE BANCSHARES, INC. * 3A3 Independence Bancshares, Inc., Independence, Iowa, to acquire 100 percent of First State Bank, Sumner, Iowa.
Newspaper: Not available
Federal Register: 12/21/2020
MARATHON MHC 4c8
* 3A1
Marathon MHC and Marathon Bancorp, Inc. both of Wausau, Wisconsin, to become a mutual bank holding company and mid-tier stock bank holding company, respectively, by acquiring 100 percent of the outstanding capital stock of Marathon Bank, Wausau, Wisconsin, in connection with the conversion of Marathon Bank from mutual to stock form and a minority stock issuance by the mid-tier holding company. Notice by Marathon Bancorp, Inc., Wausau, Wisconsin to engage in the nonbanking activity of extending credit and servicing loans, pursuant to section 225.28(b)(1).
Newspaper: Not available
Federal Register: 01/22/2021
NORTHSTAR FINANCIAL GROUP, INC. CIC Notice by The Lynette G. Drake Trust dated January 4, 2017, with Lynette G. Drake and Alan D. Drake as trustees; L Drake Commons LLC, with Jeffrey Roberts as Manager; and J Roberts Commons LLC, with Lynette Drake as Manager; all of Bad Axe, Michigan, to join the Roberts Family Control Group, as previously approved by the Federal Reserve on December 18, 2019, and Notice by The Jerry A. Peplinski Trust dated May 26, 2017, with Jerry A. Peplinski as trustee; F Peplinski Commons LLC, with Lynda Watchowski as manager; J Peplinski Commons LLC, with Frank A. Peplinski as manager; D Peplinski Commons LLC, with Jerry Peplinski as manager; T Peplinski Commons LLC, with David Peplinski as manager; and L Watchowski Commons LLC, with Terry Peplinski as Manager; all of Bad Axe, Michigan, to join the Peplinski Family Control Group, as previously approved by the Federal Reserve on December 18, 2019, for each family to control Northstar Financial Group, Inc., Bad Axe, Michigan, and indirectly control Northstar Bank, Bad Axe, Michigan and West Michigan Community Bank, Hudsonville, Michigan.
Newspaper: Not available
Federal Register: Not available
PONTIAC BANCORP, INC. * 18C
* Branch
Pontiac Bancorp, Inc., Pontiac, Illinois requests a waiver from filing a section 3 application pursuant to section 225.12(d)(2) of Regulation Y to acquire First Farmers State Bank, Minier, Illinois. Bank of Pontiac, Pontiac, Illinois to merge with First Farmers State Bank, Minier, Illinois and thereby establish branches at the following locations: 101 S Main Street, Minier, Illinois; 4001 General Electric Road, Bloomington, Illinois; and 301 N Locust Street, Delavan, Illinois.
Newspaper: Not available
Federal Register: Not applicable
RIVER HOLDING COMPANY CIC Notice by Timothy Schams, La Crosse, Wisconsin to acquire 10 percent or more of the shares to control River Holding Company, Stoddard, Wisconsin and thereby indirectly control River Bank, Stoddard, Wisconsin and Wisconsin River Bank, Sauk City, Wisconsin.
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     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