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 May 14, 2022

Filer

Filing Type

Filing Proposal

End of Comment Period

AMBANK HOLDINGS, INC.

CIC

Suresh Alla, individually and as general partner of Thornwood Holdings LP, both of Bettendorf, Iowa to join the Alla Family Control Group and to acquire the voting shares of AmBank Holdings, Inc. and thereby indirectly acquire voting shares of American Bank and Trust N.A., both of Davenport, Iowa. Additionally, Thornwood Holdings, LP is requesting to be considered as Qualified Family Partnership.

Newspaper:	Not available
Federal Register:	05/25/2022

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

FIDELITY FEDERAL BANCORP

* SLHC Formation
* 4c8
* 3A1

Fidelity Federal Bancorp, Evansville, Indiana, a savings and loan holding company, to become a bank holding company for a moment in time by acquiring Community Banks of Shelby County, Cowden, Illinois. In connection with this application, Fidelity Federal Bancorp to retain ownership of United Fidelity Bank, F.S.B., Evansville, Indiana, a savings association, for the moment in time that it is a bank holding company and thereby engage in operating a savings association. Finally, Fidelity Federal Bancorp to become a savings and loan holding company following the merger of Community Banks of Shelby County with and into United Fidelity Bank.

Newspaper:	Not available
Federal Register:	Not available

LONGVIEW CAPITAL CORPORATION

* 3A3

Longview Capital Corporation, Newman, Illinois to acquire The Farmers Bank of Mt. Pulaski, Mt. Pulaski, Illinois.

Newspaper:	Not available
Federal Register:	06/08/2022

PALM GROVE BANCORP, INC.

* 3A1

Palm Grove Bancorp, Inc., Bussey, Iowa, to become a bank holding company by acquiring State Bank of Bussey, Bussey, Iowa.

Newspaper:	Not available
Federal Register:	06/08/2022

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
FIRST BK OF BERNE, BERNE, INDIANA	312244	01/31/2022	05/07/2022	S	Int Small Bank

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 May 14, 2022

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 7
Federal Reserve Bank of: Chicago