Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 7: Federal Reserve Bank of Chicago PDF
Filings received during the week ending November 12, 2022
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| Capra Financial, Inc. | * 3A1 | Capra Financial Inc., Montezuma, Iowa to become a bank holding company by acquiring Peoples Savings Bank, Montezuma, Iowa. | Not available | 11/21/2022 |
| FIRST FARMERS BANK & TRUST CO. | * Branch (Domestic) | First Farmers Bank & Trust, Converse, Indiana, to establish a branch located at 639 Main Street, Lafayette, Indiana. | Not available | Not applicable |
| FSB FINANCIAL SERVICES, INC. | * 3A3 | FSB Financial Services, Inc., Waterloo, Iowa to acquire voting shares of Scenic Community Bancshares Corporation and thereby indirectly acquire voting shares of Iowa Falls State Bank, both of Iowa Falls, Iowa. | Not available | Not available |
| HALBUR BANCSHARES, INC. | Change in Bank Control | Matthew N. Lujano, Carroll, Iowa, to acquire 10 percent or more of the voting shares of Halbur Bancshares, Inc., Westside, Iowa; Maureen Beck, Carroll, Iowa, to join the White Family Control Group, acting in concert with and joining Matthew N. Lujano, Carroll, Iowa; James J. White and Margaret A. White, both of Westside, Iowa, and thereby retain control of 25 percent or more of the voting shares of Halbur; and Jeffrey Renner, Bellevue, Nebraska, to join the Dennis Family Control Group, acting in concert with and joining Susan J. Dennis, Bellevue, Nebraska, and Sandra J. Hartman, Falls City, Nebraska, to retain control of 25 percent or more of the voting shares of Halbur, and thereby indirectly acquire voting shares of Westside State Bank, Westside, Iowa. | Not available | Not available |
| MORNING SUN BANK CORP. | Change in Bank Control | Elizabeth J.C. Brennan, West Des Moines, Iowa to become the largest individual shareholder and join the Brennan Family control group, a group acting in concert, and to acquire voting shares of Morning Sun Bank Corp. and thereby indirectly acquire voting shares of Bank, both of Wapello, Iowa. | Not available | 11/29/2022 |
| Scenic Community Bancshares Corporation | * 3A1 | Scenic Community Bancshares Corporation, Iowa Falls, Iowa to become a bank holding company by acquiring Iowa Falls State Bank, Iowa Falls, Iowa. | Not available | Not available |
* Subject to the provisions of the Community Reinvestment Act
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 | 05/07/2022 | 01/31/2022 | S | Int Small Bank |
| FIRST ST BK, EASTPOINTE, MICHIGAN | 113740 | 09/12/2022 | 03/14/2022 | S | Int Small Bank |
| TOWN & CNTRY BK, SPRINGFIELD, ILLINOIS | 590248 | 02/13/2022 | 09/27/2021 | O | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||