District 7: Federal Reserve Bank of Chicago PDF

Filings received during the week ending September 9, 2023

FilerFiling TypeFiling ProposalEnd of Comment Period
NewspaperFederal Register
BANK MICHIGAN FINANCIAL CORPORATIONChange in Bank ControlNotice by Sandra Kay Fowler 2023 Irrevocable Trust with Kenneth Fowler as Trustee, both of Lansing, Michigan to acquire voting shares of Bank Michigan Financial Corporation, Ann Arbor, Michigan and thereby indirectly acquire voting shares of Bank Michigan, Brooklyn, Michigan. Not available10/03/2023
GRINNELL BANCSHARES, INC.Change in Bank ControlNotice by F. Austin Jones, individually and as co-trustee of the David A. Jones Irrevocable Trust and the F. Austin Jones Irrevocable Trust, all of Grinnell, Iowa, to retain voting shares of Grinnell Bancshares, Inc. and thereby indirectly retain voting shares of Grinnell State Bank, both of Grinnell, Iowa.Not availableNot available
OXFORD BANK CORPORATIONChange in Bank ControlRichard Kenneth Thompson Revocable Living Trust, Clinton Township, Michigan, Richard K. Thompson, Sterling Heights, Michigan as trustee; Richard K. Thompson Irrevocable Trust 2022, Troy, Michigan, Thomas Hinsberg, Rochester, Michigan as trustee; OJT Irrevocable Trust, Troy, Michigan, Robert Clemente, West Bloomfield, Michigan as trustee; The Restatement of the Thomas Hinsberg Revocable Living Trust, Rochester, Michigan, Thomas Hinsberg as trustee, Rochester, Michigan; Robert Clemente Children's Trust, West Bloomfield, Michigan, Robert Clemente, West Bloomfield, Michigan as trustee to retain voting shares of Oxford Bank Corporation and thereby indirectly retain voting shares of Oxford Bank, both of Oxford, Michigan. Not availableNot available
TERRE HAUTE SAVINGS MHC, INC.* 3A3Terre Haute Savings MHC, Inc., Terre Haute, Indiana to acquire First Savings Bank, Danville, Illinois.08/17/2023Not 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 / LocationRSSD IDExam DateCRA Public DateCRA RatingExam Method
CBI B&TC, MUSCATINE, IOWA83054211/14/202207/18/2022SInt Small Bank
FIRST ST BK, EASTPOINTE, MICHIGAN11374009/12/202203/14/2022SInt Small Bank
NORTHSTAR BK, BAD AXE, MICHIGAN295897207/10/202302/06/2023SInt Small Bank
ONE CMNTY BK, OREGON, WISCONSIN24714004/28/202311/28/2022SInt Small Bank
VISIONBANK OF IA, AMES, IOWA26904905/21/202302/27/2023SInt Small Bank
CRA Examinations scheduled for    Quarter of
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Last Update: September 14, 2023