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 20, 2021

Filer Filing Type Filing Proposal End of Comment Period
ALLY BANK PWI Ally Bank, Sandy, Utah, for prior approval to make up to a $25,000,000 million public welfare investment pursuant to 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 a $25,000,000 million public welfare investment pursuant to section 208.22(b) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
FIRST BUSEY CORPORATION * 3A5 First Busey Corporation, Champaign, Illinois, to merge with Cummins-American Corp., and thereby indirectly acquire Glenview State Bank, both of Glenview, Illinois.
Newspaper: Not available
Federal Register: 03/15/2021
PEOPLES COMMUNITY BANCSHARES, INC., THE CIC Notice by Scott A. Schoenmann, Mazomanie, Wisconsin, to retain 25 percent or more voting shares of The Peoples Community Bancshares, Inc. and thereby indirectly control The Peoples Community Bank both of Mazomanie, Wisconsin.
Newspaper: Not available
Federal Register: 03/03/2021


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 Second Quarter of 2021 (April 1, 2021 - June 30, 2021) and Third Quarter of 2021 (July 1, 2021 - September 30, 2021)

Institution Location Quarter
1ST SOURCE BK SOUTH BEND, INDIANASecond Quarter of 2021
BANK MI BROOKLYN, MICHIGANSecond Quarter of 2021
BANK OF PONTIAC PONTIAC, ILLINOISSecond Quarter of 2021
FARMERS & MRCH BK BERLIN, WISCONSINSecond Quarter of 2021
FIRST IA ST BK KEOSAUQUA, IOWASecond Quarter of 2021
ISABELLA BK MOUNT PLEASANT, MICHIGANSecond Quarter of 2021
JOHNSON BK RACINE, WISCONSINSecond Quarter of 2021
NORTHERN TC CHICAGO, ILLINOISSecond Quarter of 2021
NORTHSIDE CMNTY BK GURNEE, ILLINOISSecond Quarter of 2021
STATE BK GENEVA GENEVA, ILLINOISSecond Quarter of 2021
WAUKON ST BK WAUKON, IOWASecond Quarter of 2021
AMERICAN ST BK OSCEOLA, IOWAThird Quarter of 2021
CHOICEONE BK SPARTA, MICHIGANThird Quarter of 2021
COMMUNITY FIRST BK BOSCOBEL, WISCONSINThird Quarter of 2021
FIRST BK WAVERLY, IOWAThird Quarter of 2021
FIRST BK MANHATTAN MANHATTAN, ILLINOISThird Quarter of 2021
FIRST CITIZENS BK MASON CITY, IOWAThird Quarter of 2021
FIRST FARMERS B&TC CONVERSE, INDIANAThird Quarter of 2021
PEOPLES BK CLIVE, IOWAThird Quarter of 2021
TOWN & CNTRY BK SPRINGFIELD, ILLINOISThird Quarter of 2021
WEST MI CMNTY BK HUDSONVILLE, MICHIGANThird Quarter of 2021

* 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