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 9, 2021

Filer Filing Type Filing Proposal End of Comment Period
ARENDT'S, INC. CIC Mark Curtis Bolen, Montezuma, Iowa, to join the Arendt Family Control Group, a group acting in concert, to retain voting shares of Arendt's Inc., and thereby indirectly retain voting shares of Peoples Savings Bank, both of Montezuma, Iowa.
Newspaper: Not available
Federal Register: Not available
ARNESON BANCSHARES, INC. CIC Notice by the MCH EMH 2020 Trust FBO Elizabeth M. Hewitt, Mark C. Hewitt, trustee; MCH LNH 2020 Trust FBO Lauren N. Hewitt, Mark C. Hewitt, trustee; MCH RAM 2020 Trust FBO Rachel A. Maletta, Mark C. Hewitt, trustee; all of Mason City, Iowa, to acquire the shares of Arneson Bancshares, Inc., Clear Lake, Iowa, and notice by the Mark C. Hewitt 2014 Trust, Mark C. Hewitt, trustee; Amy J. Hewitt By-Pass Trust FBO Mark C. Hewitt, Mark C. Hewitt, trustee; both of Mason City, Iowa, and Ray V. Hewitt 2008 Trust, Ray V. Hewitt, trustee; Clear Lake, Iowa, together with Carrie Hewitt-Nichols, Iowa City, Iowa, to form the Hewitt Family Control Group, a group acting in concert, to retain voting shares of Arneson Bancshares, Inc., and thereby indirectly acquire voting shares of Clear Lake Bank & Trust.
Newspaper: 01/26/2021
Federal Register: 01/21/2021
KEYSTONE COMMUNITY BANCORPORATION CIC G. Michael Herger Revocable Trust, G. Michael Herger, as trustee, both of Redding, California; Paul M. Herger, Vinton, Iowa; and Cathy S. Beatty, Vinton Iowa; to become members of the Herger Family Control Group, a group acting in concert, to retain voting shares of Keystone Community Bancorporation and thereby retain voting shares of Keystone Savings Bank, both of Keystone, Iowa.
Newspaper: Not available
Federal Register: 01/27/2021
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: 02/08/2021
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: 01/11/2021
Federal Register: 01/14/2021
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: 01/22/2021
Federal Register: Not applicable
RIVER HOLDING COMPANY CIC Notice by Timothy Schams, La Crosse, Wisconsin to acquire 10 percent or more of the shares of 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: 01/19/2021


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