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 January 27, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| INDEPENDENT BANK | * Branch (Domestic) | Independent Bank, Grand Rapids, Michigan to establish a branch located at 21250 Hall Road, Suites 200 & 300, Clinton Township, Michigan. | 01/12/2024 | Not applicable |
| MIDLAND CAPITAL HOLDINGS CORPORATION | * Acquisition | Midfed Acquisition Corp., Wilmington, Delaware to become a savings and loan holding company by acquiring Midland Capital Holdings Corporation, and thereby indirectly acquire Midland Federal Savings and Loan Association, both of Bridgeview, Illinois. | Not available | 01/05/2024 |
| OXFORD BANK CORPORATION | Listed DeNovo | Oxford Bank Corporation, Oxford, Michigan to indirectly acquire an 80 percent interest in NOX, LLC, Oxford, Michigan and thereby engage in the nonbanking activity of making and servicing loans, pursuant to section 225.28(b)(1) of Regulation Y. | Not applicable | Not available |
| PETEFISH, SKILES BANCSHARES, INC. | Change in Bank Control | Notice by George Bley, II & Michelle Bley, both of Palm Harbor, Florida, and Jan E. Rhode, Springfield, Illinois, with the Bley Family Control Group, a group acting in concert, to retain the voting shares of Petefish, Skiles Bancshares, Inc. and thereby indirectly retain voting shares of Petefish, Skiles & Company, both of Virginia, Illinois and The First National Bank of Beardstown, Beardstown, Illinois. | Not available | 10/27/2023 |
| PETEFISH, SKILES BANCSHARES, INC. | Change in Bank Control | Notice by Andrew Prather, Tina Prather, both of Petersburg, Illinois, Elizabeth A. Prather, Virginia, Illinois, and the Laura J. Prather Trust, Creve Coeur, Missouri, Laura J. Prather, Trustee, Creve Coeur, Missouri, all acting in concert with the Prather Family Control Group, for approval to retain the voting shares of Petefish, Skiles Bancshares, Inc. and thereby indirectly retain voting shares of Petefish, Skiles & Company, both of Virginia, Illinois and The First National Bank of Beardstown, Beardstown, Illinois. | Not available | 11/16/2023 |
| RIVER VALLEY BANCORPORATION, INC. | Change in Bank Control | Notice by The CN 2023 Dynasty Trust, Milwaukee, Wisconsin, with Gregory P. Nicklaus, Acbar Vitae, Wisconsin, and Peter J. Wilder, Pewaukee, Wisconsin, as co- trustees, and the DN 2023 Dynasty Trust, Milwaukee, Wisconsin, with Todd R, Nicklaus, Rothschild, Wisconsin, and Peter J. Wilder, Pewaukee, Wisconsin, as co-trustees, to join the Nicklaus Family Control Group and acquire voting shares in River Valley Bancorporation, Inc. and thereby indirectly acquire voting shares of IncredibleBank, both of Wausau, Wisconsin. | 01/30/2024 | Not available |
| TRI-COUNTY FINANCIAL GROUP, INC. | Change in Bank Control | Castle Creek Capital Partners VI, LP, San Diego, California, to acquire voting shares of Tri-County Financial Group, Inc., and thereby indirectly acquire voting shares of First State Bank, both of Mendota, Illinois. | Not available | 02/12/2024 |
* 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 |
|---|---|---|---|---|---|
| NORTHSTAR BK, BAD AXE, MICHIGAN | 2958972 | 07/10/2023 | 02/06/2023 | S | Int Small Bank |
| ONE CMNTY BK, OREGON, WISCONSIN | 247140 | 04/28/2023 | 11/28/2022 | S | Int Small Bank |
| VISIONBANK OF IA, AMES, IOWA | 269049 | 05/21/2023 | 02/27/2023 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||