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 August 20, 2022

Filer Filing Type Filing Proposal End of Comment Period
FIRST BANCORP OF TAYLORVILLE, INC. CIC The Revocable Trust Agreement No. 060134, James O. Beavers, trustee, both of Taylorville, Illinois, to retain voting shares and thereby control First Bancorp of Taylorville Inc., Taylorville, Illinois. First Bancorp of Taylorville, Inc. controls First National Bank in Taylorville, Taylorville, Illinois and First Security Bank, Mackinaw, Illinois.
Newspaper: Not available
Federal Register: 09/06/2022
FVSB Mutual Bancorp, MHC * 3A1 FVSB Mutual Bancorp, MHC, Fond du Lac, Wisconsin, to become mutual bank holding company and FVSB Bancorp, Inc., Fond du Lac, Wisconsin, proposes to become a mid tier stock bank holding company, all in connection with Fox Valley Savings Bank, Fond du Lac, Wisconsin proposals to convert from a mutual to stock savings bank.
Newspaper: Not available
Federal Register: Not available
HOOSIER HEARTLAND STATE BANCORP ESOP AND SAVINGS PLAN * 3A1 Hoosier Heartland State Bancorp Employee Stock Ownership and Savings Plan Trust, Crawfordsville, Indiana to become a bank holding company by acquiring Hoosier Heartland State Bancorp and thereby indirectly acquiring Hoosier Heartland State Bank, both of Crawfordsville, Indiana.
Newspaper: Not available
Federal Register: 08/25/2022
NATIONAL BANCORP HOLDINGS, INC. CIC Bernard Bennett Banks, trustee of Voting Trust Agreement to acquire control of the voting shares of National Bancorp Holdings, Inc., Chicago, Illinois and thereby indirectly acquire voting shares of The Federal Savings Bank, Chicago, Illinois.
Newspaper: Not available
Federal Register: 09/06/2022
SWORD FINANCIAL CORPORATION * 3A3 Sword Financial Corporation, Horicon, WI, to acquire Community Bancshares Wisconsin and thereby indirectly acquire Cornerstone Community Bank, both of Grafton, Wisconsin.
Newspaper: Not available
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 Fourth Quarter of 2022 (October 1, 2022 - December 31, 2022) and First Quarter of 2023 (January 1, 2023 - March 31, 2023)

Institution Location Quarter
CLEAR LAKE B&TC CLEAR LAKE, IOWAFourth Quarter of 2022
FRIENDSHIP ST BK FRIENDSHIP, INDIANAFourth Quarter of 2022
ONE CMNTY BK OREGON, WISCONSINFourth Quarter of 2022
PINNACLE BK MARSHALLTOWN, IOWAFourth Quarter of 2022
ALLY BK SANDY, UTAHFirst Quarter of 2023
CORNERSTONE BK CLARINDA, IOWAFirst Quarter of 2023
GARRETT ST BK GARRETT, INDIANAFirst Quarter of 2023
IOWA ST B&TC FAIRFIELD, IOWAFirst Quarter of 2023
MIDWEST BK MONMOUTH, ILLINOISFirst Quarter of 2023
NORTHSTAR BK BAD AXE, MICHIGANFirst Quarter of 2023
QUAD CITY B&TC BETTENDORF, IOWAFirst Quarter of 2023
VISIONBANK OF IA AMES, IOWAFirst Quarter of 2023

* 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