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 June 18, 2022

Filer Filing Type Filing Proposal End of Comment Period
FIDELITY FEDERAL BANCORP * SLHC Formation
* 4c8
* 3A1
Fidelity Federal Bancorp, Evansville, Indiana (Fidelity), and its parent companies Pedcor Financial, LLC (PFIN) and Pedcor Financial Bancorp (PFB), both of Carmel, Indiana (collectively, the Applicants), savings and loan holding companies, to become bank holding companies for a moment in time by acquiring Community Banks of Shelby County, Cowden, Illinois (Target Bank). In connection with this application, Applicants to retain ownership of United Fidelity Bank, F.S.B., Evansville, Indiana (Applicant Bank), a savings association, for the moment in time that they are bank holding companies and thereby engage in operating a savings association. Finally, Applicants to become savings and loan holding companies following the merger of Target Bank with and into Applicant Bank.
Newspaper: Not available
Federal Register: 06/30/2022
IOWA STATE BANK AND TRUST COMPANY * Branch Iowa State Bank and Trust Company, Fairfield, Iowa to establish a branch located at 625 E. Pennsylvania Avenue, Ottumwa, Iowa.
Newspaper: 06/27/2022
Federal Register: Not applicable
MAIN STREET BANCORP, INC. CIC Notice by Andrew A. Black and Lesa A. Black, as co-Trustees of The Andrew A. Black Living Trust, dated June 21, 2019, each of Princeville, Illinois, to become part of the German Family Control Group to retain voting shares of Main Street Bancorp, Inc. and thereby indirectly retain control of Princeville State Bank, both of Princeville, Illinois.
Newspaper: 06/24/2022
Federal Register: 06/23/2022
NORTHERN TRUST COMPANY, THE * Branch The Northern Trust Company, Chicago, Illinois, to establish a branch located at 8025 Forsyth Boulevard, St. Louis, Missouri.
Newspaper: 05/31/2022
Federal Register: Not applicable
S.B.C.P. BANCORP, INC. * 3A5 S.B.C.P. Bancorp, Inc., Cross Plains, Wisconsin to merge with Monona Bancshares, Inc and thereby indirectly acquire Monona Bank, both of Monona, Wisconsin.
Newspaper: 06/18/2022
Federal Register: 06/27/2022


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