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 September 25, 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 208.22(b) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
CIB MARINE BANCSHARES, INC. CIC Stilwell Activist Investments, L.P, Stilwell Activist Fund, L.P., and Stilwell Value Partners VII, L.P., known as The Stilwell Group, all of New York, New York; Stilwell Value LLC, New York, New York, the general partner of each of the limited partnerships; Joseph D. Stilwell, San Juan, Puerto Rico, managing member of Stilwell Value LLC, a group acting in concert, to acquire up to 14.99 percent of voting shares of CIB Marine Bancshares, Inc., Brookfield, Wisconsin, and thereby indirectly acquire voting shares of CIBM Bank, Champaign, Illinois.
Newspaper: Not available
Federal Register: 10/12/2021
HOMETOWN BANCORP, LTD. CIC Ralph C. Stayer, Naples, Florida, together with Kimberly L. Johnson, Naples, Florida, and Lisa M. Reilly, Phoenix, Arizona, both as trustees of the RFS 2010 Irrevocable Trust F/B/O Ralph C. Stayer, Fond du Lac, Wisconsin, and the Shelly A. Stayer 2010 Childrens Trust, Fond du Lac, Wisconsin; Brittany B. Wagner, Brooke B. Stayer-Wagner, Jonathan B. Wagner, all of Mequon, Wisconsin; and Michael Stayer-Suprick, Sheboygan, Wisconsin, to join the Stayer Family Control Group and retain 25 percent or more of Hometown Bancorp, LTD. and indirectly control Hometown Bank, both of Fond du Lac, Wisconsin.
Newspaper: Not available
Federal Register: Not available
* MHC Conversion
North Shore, MHC, Waukegan, Illinois; to convert from mutual to stock form. As part of the conversion, North Shore, MHC, and NSTS Financial Corporation, an existing mid-tier savings and loan holding company, will cease to exist and North Shore Trust and Savings, all of Waukegan, Illinois, will become a wholly-owned subsidiary of NSTS Bancorp, Inc., Waukegan, Illinois, a newly-formed Delaware corporation, which has applied to become a savings and loan holding company, pursuant to section 10(e) of the HOLA, by acquiring North Shore Trust and Savings.
Newspaper: 10/22/2021
Federal Register: 10/25/2021
NORTHERN TRUST COMPANY, THE * Branch The Northern Trust Company, Chicago, Illinois to establish a temporary branch located at 1301 Riverplace Boulevard, 16th Floor, Suite 1601 and a permanent branch at 1 Independent Drive, 31st Floor, both in Jacksonville, Florida
Newspaper: 10/02/2021
Federal Register: Not applicable
OLD SECOND BANCORP, INC. * 3A5 Old Second Bancorp, Inc., Aurora, Illinois to merge with West Suburban Bancorp, Inc. and thereby indirectly acquire West Suburban Bank, both of Lombard, Illinois.
Newspaper: Not available
Federal Register: 10/01/2021
* 3A3
Readlyn Bancshares, Inc., Saint Paul, Minnesota to merge with Tripoli Bancshares, Inc., Saint Paul, Minnesota, and thereby indirectly acquire American Savings Bank, Tripoli, Iowa. In addition, Readlyn Bancshares, Inc. to acquire an additional 15 percent, for a total of 35 percent of the voting shares of Nashua Bancshares, Inc., Saint Paul, Minnesota.
Newspaper: Not available
Federal Register: 10/21/2021
SOUTHERN WISCONSIN BANCSHARES CORPORATION CIC Notice by James G. Fitzgerald Trust Dated August 31, 1988, Gerald F. Fitzgerald Family Trust UAD January 18, 1988, Spoonbill Trust, Anhinga Trust, and Sandhill Trust, all with James G. Fitzgerald, Naples, Florida, as trustee; Whooper Trust with Jane M. Fitzgerald, Naples, Florida, as trustee; and Gerald F. Fitzgerald, Jr. Trust Dated September 10, 1987, with Gerald F. Fitzgerald, Jr., Chicago, Illinois, as trustee to join the Fitzgerald Family Control Group, a group acting in concert to acquire additional voting shares of Southern Wisconsin Bancshares Corporation, Inverness, Illinois and thereby indirectly acquire voting shares of Farmers Savings Bank, Mineral Point, Wisconsin.
Newspaper: Not available
Federal Register: 10/04/2021

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
Exam Date
Public Date
Exam Method
BANK OF PONTIAC, PONTIAC, ILLINOIS 930442 06/21/2021 09/24/2021 S Int Small Bank

CRA Examinations scheduled for     Quarter of

Institution Location Quarter

* 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