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 26, 2022

Filer Filing Type Filing Proposal End of Comment Period
BANK OF MONTREAL * 3A5
* 3A3
Bank of Montreal, Montreal, Quebec, Canada and BMO Financial Corp., Wilmington, Delaware to acquire 100 percent of BancWest Holding Inc., San Francisco, California, and thereby indirectly acquire Bank of the West, San Francisco, California. Following the share acquisition, BMO Financial Corp., Wilmington, Delaware will merge with BancWest Holding Inc., San Francisco, California, with BMO Financial Corp being the surviving entity.
Newspaper: Not available
Federal Register: 02/25/2022
FFBW, INC. CIC First Federal Bank of Wisconsin Employee Stock Ownership Plan, Racine, Wisconsin to acquire voting shares of FFBW, Inc, Brookfield, Wisconsin. and thereby acquire voting shares of First Federal Bank of Wisconsin, Waukesha, Wisconsin.
Newspaper: Not available
Federal Register: 02/28/2022
FIRSNABANCO, INC. CIC Jeffrey Ilstrup, Onalaska, WI and Richard Davig, Viroqua, WI, as members of the Ilstrup Family Control Group, a group acting in concert, to acquire additional voting shares of Firsnabanco, Inc. and thereby indirectly acquire voting shares of Citizens First Bank, both of Viroqua, WI.
Newspaper: 03/08/2022
Federal Register: 03/10/2022
ISABELLA BANK * Branch Isabella Bank, Mount Pleasant, Michigan to establish a branch located at 5705 State Street, Saginaw, Michigan.
Newspaper: Not available
Federal Register: Not applicable
LUANA BANCORPORATION CIC Sarah Schultz Freilinger, Monona, Iowa, individually and as trustee of the Blake Schultz 2022 Irrevocable Trust, Des Moines, Iowa, and Stephanie Steele, Luana, Iowa, to become members of the Schultz Family Control Group, a group acting in concert, to retain voting shares of Luana Bancorporation, and thereby indirectly retain voting shares of Luana Savings Bank, both of Luana, Iowa.
Newspaper: Not available
Federal Register: Not available
MIDWESTONE FINANCIAL GROUP, INC. * 3A5 MidWestOne Financial Group, Inc., Iowa City, Iowa, to merge with Iowa First Bancshares Corp., Muscatine, Iowa and thereby indirectly acquire First National Bank of Muscatine, Muscatine, Iowa and First National Bank in Fairfield, Fairfield, Iowa.
Newspaper: Not available
Federal Register: 03/10/2022
NORTHERN TRUST COMPANY, THE * Branch The Northern Trust Company, Chicago, Illinois, to establish a permanent branch located at 1 Independent Drive, Jacksonville, Florida.
Newspaper: Not available
Federal Register: Not applicable
THUMB BANK & TRUST * Branch Thumb Bank & Trust Company, Pigeon, Michigan to establish a branch located at 2592 South Van Dyke Road, Marlette, Michigan.
Newspaper: 03/11/2022
Federal Register: Not applicable
VANDERBILT HOLDING COMPANY, INC. CIC The David C. Neuhaus Bank Stock Revocable Trust, Fairfax, Iowa, Laurie Neuhaus, Amana, Iowa, as trustee; together with Patrick E. Slater, Lois E. Slater and John C. Slater, all of Cedar Rapids, Iowa, and David J. Slater, Lakewood, Colorado; to become members of the Neuhaus Family Control Group, a group acting in concert, to retain voting shares of Vanderbilt Holding Company, Inc., and thereby indirectly retain voting shares of Fairfax State Savings Bank, both of Fairfax, Iowa. Additionally, Patrick E. Slater, Cedar Rapids, Iowa, to acquire additional voting shares of Vanderbilt Holding Company, Inc., and thereby indirectly acquire voting shares of Fairfax State Savings Bank, both of Fairfax, Iowa.
Newspaper: Not available
Federal Register: 03/10/2022


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