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 27, 2021

Filer Filing Type Filing Proposal End of Comment Period
ALLY BANK PWI Ally Bank, Sandy, Utah, for prior approval to make a public welfare investment pursuant to section 208.2(b) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
ALLY BANK PWI Ally Bank, Sandy, Utah, 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 $30,000,000 million public welfare investment in Black Impact OZ Fund I, LP, 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 $30,000,000 million public welfare investment in Raymond James Tax Credit Fund 47 L.L.C., 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 $15,000,000 million public welfare investment in Raymond James California Housing Opportunities Fund X L.L.C, pursuant to section 208.22(b) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
FIRST BANK HAMPTON * Branch First Bank Hampton, Hampton, Iowa, to establish a branch at 119 North Akir Street, Latimer, Iowa.
Newspaper: Not available
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: 03/06/2021
Federal Register: 03/15/2021
IOWA STATE BANK HOLDING COMPANY CIC The John C. Burgeson Residuary Trust fbo Lauren Burgeson, the John C. Burgeson Residuary Trust fbo J. Christopher Burgeson, Lauren L. Burgeson, and J. Christopher Burgeson, as trustees of the trusts, all of Des Moines, Iowa; Larry R. Cobb, Waukee, Iowa; Sonia S. Nicholson, Altoona, Iowa; and Gary W. Thies, Mapleton, Iowa, all as trustees of the aforementioned trusts; as a group acting in concert, to acquire voting shares of Iowa State Bank Holding Company, and thereby indirectly acquire voting shares of Iowa State Bank, both of Des Moines, Iowa.
Newspaper: Not available
Federal Register: Not available
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: 03/22/2021
Federal Register: 03/03/2021
UNIVERSITY BANK 4c8 University Bancorp, Inc., indirectly through its subsidiary bank, University Bank, both of Ann Arbor, Michigan, to engage de novo in commercial lending activities through a proposed subsidiary of University Lending Group, LLC, a wholly owned subsidiary of University Bank, named University Home Loan, LLC, Ann Arbor, Michigan, pursuant to section 225.28(b)(1) of the Board's Regulation Y.
Newspaper: Not applicable
Federal Register: Not applicable


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