Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 7
Federal Reserve Bank of: Chicago

Filings received during the week ending April 23, 2022

Filer

Filing Type

Filing Proposal

End of Comment Period

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:	04/26/2022
Federal Register:	05/05/2022

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

INDEPENDENT BANK

* Branch

Independent Bank, Grand Rapids, Michigan, to establish a branch at 12368 Riley Street, Holland, Michigan.

Newspaper:	Not available
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

SECURITY SAVINGS BANK

* 18C
* Branch

Security Savings Bank, Gowrie, Iowa to merge with Manson State Bank, Manson, Iowa, pursuant to section 18(c) of the Federal Deposit Insurance Act and to thereby establish a branch at 1001 Main Street, Manson, Iowa, pursuant to section 9 of the Federal Reserve Act.

Newspaper:	04/21/2022
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

District: 7 Federal Reserve Bank of: Chicago

Filings received during the week ending April 23, 2022

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 7
Federal Reserve Bank of: Chicago