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 October 16, 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 $15 million public welfare investment in Homestead Equity Fund XVII Limited Partnership , pursuant to section 208.22(b)(1)(iv)(A) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
COMMUNITY BANCSHARES OF WISCONSIN, INC. CIC The Foy 2021 Spousal Trust, Milwaukee, Wisconsin, Lori J. Foy, Cedarburg, Wisconsin, and Peter J. Wilder, Pewaukee, Wisconsin, as co-trustees; and the Foy Dynasty Trust, Milwaukee, Wisconsin, Peter J. Wilder, Pewaukee, Wisconsin, as trustee, to join the Foy/Lukas Family Control Group, a group acting in concert, and acquire voting shares of Community Bancshares of Wisconsin, Inc., and thereby indirectly acquire voting shares of Cornerstone Community Bank, both of Grafton, Wisconsin.
Newspaper: Not available
Federal Register: Not available
FIRST LENA CORPORATION CIC Dean A. Holmes General Trust, Dean Holmes as trustee, Lena, Illinois, Arlene E. Holmes General Trust, Arlene E. Holmes as trustee, Lena, Illinois, Neil Holmes, Lena, Illinois, Craig Holmes, Pearl City. Illinois, David Holmes, Erie, Pennsylvania, Kevin Holmes, Mesa, Arizona, and Kay Overson, San Diego, California, as a group acting in concert, to form the Holmes family control group, and to retain 10 percent or more of First Lena Corporation, Lena, Illinois, and thereby indirectly retain voting shares of Citizens State Bank, Lena, Illinois.
Newspaper: 10/15/2021
Federal Register: 10/28/2021
IOWA STATE BANK * 18C
* Branch
Iowa State Bank, Hull, Iowa to purchase and assume substantially all of the assets and assume certain liabilities of Iowa Prairie Bank, Brunsville, Iowa, pursuant to section 18(c) of the Federal Deposit Insurance Act and to thereby establish branches at the following locations: 302 Oak Street, Brunsville, Iowa; 325 N Floyd Avenue, Hinton, Iowa; and 201 Main Street, Merrill, Iowa, pursuant to section 9 of the Federal Reserve Act.
Newspaper: Not available
Federal Register: Not applicable
RESOURCE BANCSHARES, INC. CIC The 2021 Katz Dynasty Trust, Milwaukee, Wisconsin, Peter J. Wilder, Pewaukee, Wisconsin, as trustee, and individually, to join the Katz Family Control Group to acquire voting shares of Resource Bancshares, Inc., and thereby indirectly acquire voting shares of Resource Bank, National Association, both of DeKalb, Illinois.
Newspaper: Not available
Federal Register: 11/03/2021
SHANNON BANCORP, INC. CIC Robin Saar, individually, Shannon, Illinois, together with Cassandre Rae Mlakar, Lake Carrol, Illinois, and Candace Schubert, Shannon, Illinois, to form the Saar Family Control Group, to retain 25 percent or more of the voting shares of Shannon Bancorp, Inc., and thereby indirectly control First State Bank, both of Shannon, Illinois.
Newspaper: Not available
Federal Register: 10/22/2021
VAN DIEST INVESTMENT COMPANY * 3A3 Van Diest Investment Company, Webster City, Iowa to acquire NorthStar Bank, Estherville, Iowa
Newspaper: 11/04/2021
Federal Register: 11/17/2021


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