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 27, 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 $10 million public welfare investment in PNC NMTC Fund 2, LLC., pursuant to section 208.22(b) 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 $11 million public welfare investment in USB LIHTC-NMTC Fund 2022-3, LLC, pursuant to section 208.22(b) 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 Red Stone Equity - 2022 CA Regional Fund, L.P., pursuant to section 208.22(b)(1)(iv)(A) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
BANCORP OF NEW GLARUS, INC. * 3A3 Bancorp of New Glarus, Inc., New Glarus, Wisconsin, to acquire First National Bank at Darlington, Darlington, Wisconsin.
Newspaper: Not available
Federal Register: 09/29/2022
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: 09/13/2022
Federal Register: 09/08/2022
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
FVSB MUTUAL BANCORP, MHC * 3A1 FVSB Mutual Bancorp, MHC and FVSB Bancorp, Inc., both of Fond du Lac, Wisconsin, to become a mutual bank holding company and mid-tier stock bank holding company, respectively, by acquiring 100 percent of the outstanding capital stock of Fox Valley Savings Bank, Fond du Lac, Wisconsin, in connection with the conversion of Fox Valley Savings Bank from mutual to stock form.
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: 09/30/2022
VISIONBANK OF IOWA * 18C
* Branch
VisionBank of Iowa, Ames, Iowa, to merge with Legacy Bank, Altoona, Iowa. As a result of the merger, VisionBank of Iowa, Ames, Iowa, will establish branches at: 502 8th Street SW. Altoona, Iowa; 1201 Grant Street S, Bondurant, Iowa; 12901 University Avenue, Clive, Iowa; and 215 Center Avenue S, Mitchellville, Iowa.
Newspaper: Not available
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

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