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 April 2, 2022

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 million public welfare investment in Enterprise Housing Partners XXXVIII Limited Partnership, pursuant to section 208.22(b)(1)(iv)(A) 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 $20 million public welfare investment in RBC Community Investments National Fund-33, L.P., pursuant to section 208.22(b)(1)(iv)(A) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
ARBOR BANCORP, INC. CIC The MCM BAA Investment Trust, with Kristine M.P. Martin and Tye J. Klooster as co-trustees and William Seth Martin as business advisor and trust protector; and the WSM BAA Family Trust, with Michael Carl Martin as trustee, trust protector, and business advisor, all of Ann Arbor, Michigan, to become members of the Martin Family Control Group, a group acting in concert, to acquire voting shares of Arbor Bancorp, Inc., and thereby indirectly acquire voting shares of Bank of Ann Arbor, both of Ann Arbor, Michigan.
Newspaper: 04/13/2022
Federal Register: 04/15/2022
BANK * Branch BANK, Wapello, Iowa to establish a branch located at 527 Main Street, Mediapolis, Iowa.
Newspaper: 04/15/2022
Federal Register: Not applicable
BANK FIRST CORPORATION * 3A5 Bank First Corporation, Manitowoc, Wisconsin to acquire Denmark Bancshares, Inc., and thereby indirectly acquire Denmark State Bank, both of Denmark, Wisconsin.
Newspaper: Not available
Federal Register: Not available
BARABOO BANCORPORATION, INC., THE CIC Robert K. Ginther, Baraboo, Wisconsin, as trustee of the Merlin E. Zitzner Trust for the Benefit of Jenele R. Zitzner; together with Merlin E. Zitzner, Baraboo, Wisconsin; Jenele R. Zitzner, Baraboo, Wisconsin; Alexander M. E. Zitzner, Baraboo, Wisconsin; and Tara Zitzner, Baraboo, Wisconsin, as a group acting in concert, to retain voting shares of The Baraboo Bancorporation, Inc., and thereby indirectly control Baraboo State Bank, both of Baraboo, Wisconsin.
Newspaper: 04/14/2022
Federal Register: 04/13/2022
BOSSHARD FINANCIAL GROUP, INC. CIC Elizabeth Bosshard-Blackey 2022 Irrevocable Bank Trust, u/a/d January 7, 2022, La Crosse, Wisconsin, Andrew R. Bosshard, La Crosse, Wisconsin, trustee, and Piercarlo Valdesolo, South Pasadena, California, with power to remove or appoint trustee, to become members of the Bosshard Family Control Group, a group acting in concert, to acquire voting shares of Bosshard Financial Group, Inc., La Crosse, Wisconsin, and thereby indirectly acquire voting shares of One Community Bank, Oregon, Wisconsin and Farmers State Bank-Hillsboro, Hillsboro, Wisconsin.
Newspaper: Not available
Federal Register: 04/15/2022
BRITT BANCSHARES, INC. CIC The Timothy A. Sexton Revocable 2021 Trust, Timothy A. Sexton as trustee, both of Randalia, Iowa; the Thomas J. Sexton Trust, Thomas J. Sexton as trustee, both of St. Paul, Minnesota; the Mark J. Sexton Grantor Trust, Mark J. Sexton as trustee, both of St. Paul, Minnesota; the Jennifer S. Walther Grantor Trust, Jennifer S. Walther as trustee, both of St. Paul, Minnesota; and the Andrew G. Sexton Grantor Trust, St. Paul, Minnesota, Andrew G. Sexton as trustee, Cedar Falls, Iowa, to become members of the Sexton Family Control Group, a group acting in concert, to retain voting shares of Britt Bancshares, Inc., St. Paul, Minnesota, and thereby indirectly retain voting shares of First State Bank, Britt, Iowa.
Newspaper: Not available
Federal Register: 04/18/2022
NORTHERN TRUST COMPANY, THE * Branch The Northern Trust Company, Chicago, Illinois, to establish a branch located at 31 Ocean Reef Drive, Suite A-102, Key Largo, Florida.
Newspaper: 03/25/2022
Federal Register: Not applicable
OXFORD BANK CORPORATION 4c8 Oxford Bank Corporation, indirectly through its subsidiary bank, Oxford Bank, both of Oxford, Michigan, to enter into a joint venture with VFS Income Fund 1, LLC and thereby engage de novo in the nonbanking activity of leasing personal property pursuant to Section 225.28(b)(3) of Regulation Y.
Newspaper: Not applicable
Federal Register: Not applicable
SERVBANC HOLDCO, INC. * 3A1 ServBanc Holdco, Inc., Phoenix, Arizona to become a bank holding company by acquiring Allied First Bancorp, Inc., Oswego, Illinois, and thereby indirectly acquiring Allied First Bank, sb, Oswego, Illinois.
Newspaper: 04/16/2022
Federal Register: Not available


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