District 7: Federal Reserve Bank of Chicago PDF

Filings received during the week ending March 16, 2024

FilerFiling TypeFiling ProposalEnd of Comment Period
NewspaperFederal Register
CHARLEVOIX FIRST CORPORATIONChange in Bank ControlNotice by Dana Hodgson, Beaver Island, Michigan and Lucas Michna, Ann Arbor, Michigan to join the Hodgson Family Control Group and retain voting shares of Charlevoix First Corporation and thereby indirectly retain voting shares of Charlevoix State Bank, both of Charlevoix, Michigan. 03/29/2024Not available
GREENFIELD BANCORPORATION, LTD.Change in Bank ControlThe Jim and Peggy Scott Trust, James L. Scott and Peggy A. Scott as co-trustees, all of Fontanelle, Iowa; together with, Brad A. Lydon and Jana F. Lydon, both of Fontanelle, Iowa; and Jessica C. Christensen and Joshua J. Christensen , both of Greenfield, Iowa, together as a group acting in concert, to retain control of the voting share of Greenfield Bancorporation, Ltd, Greenfield, Iowa and thereby indirectly control Union State Bank, Greenfield, Iowa.Not available03/19/2024
JOHNSON BANK* Branch (Domestic)Johnson Bank, Racine Wisconsin, to establish a branch located at 448 S Gammon Rd, Madison, Wisconsin.03/16/2024Not applicable
SmartBiz Bancshares* 3A1Billfloat, Inc., dba SmartBiz Loans, San Francisco, California, to become a bank holding company through merging its wholly-owned subsidiary, Caletta Merger Sub, Inc., Wilmington, Delaware, with United Community Bancshares, Inc., Northbrook, Illinois, and thereby indirectly acquiring control of Centrust Bank, N.A., Northbrook, Illinois. Following that merger, United Community Bancshares would merge with SmartBiz, with United Community Bancshares surviving. United Community Bancshares would then be renamed SmartBiz Bancshares, Inc., and Centrust Bank, N.A. would be renamed SmartBiz Bank, N.A. Not available04/12/2024
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 available02/12/2024

* 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 / LocationRSSD IDExam DateCRA Public DateCRA RatingExam Method
EASTERN MI BK, CROSWELL, MICHIGAN64334001/20/202407/17/2023SInt Small Bank
NORTHSTAR BK, BAD AXE, MICHIGAN295897207/10/202302/06/2023SInt Small Bank
ONE CMNTY BK, OREGON, WISCONSIN24714004/28/202311/28/2022SInt Small Bank
OXFORD BK, OXFORD, MICHIGAN44804002/16/202405/15/2023SInt 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: March 21, 2024