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 June 21, 2025
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| Hoyne Bancorp, Inc. | * Full Conversion | Hoyne Savings, MHC, Chicago, Illinois; to convert from mutual to stock form. As part of the full conversion, Hoyne Savings, MHC, and Hoyne Financial Corporation, Chicago, Illinois, an existing mid-tier savings and loan holding company, will cease to exist and Hoyne Savings Bank, Chicago, Illinois, will become a wholly-owned subsidiary of Hoyne Bancorp, Inc., Chicago, Illinois, a newly-formed Maryland corporation, which has applied to become a savings and loan holding company, pursuant to section 10(e) of the HOLA. | 07/16/2025 | 07/25/2025 |
| HSBC BANK PLC | Branch/Agency/CLC | HSBC Bank plc, London, United Kingdom, to establish a branch in New York, New York, pursuant to section 7(d) of the International Banking Act. | Not available | Not applicable |
| NORTHERN TRUST COMPANY, THE | Public Welfare Investment | The Northern Trust Company, Chicago, Illinois, requests prior approval to make up a Public Welfare Investment, under Paragraph 23 of Section 9 of the Federal Reserve Act and pursuant to Section 208.22(d) of Regulation H. | Not applicable | Not applicable |
| OakNorth U.S. Bank Holdings Inc. | * 3A1 | OakNorth Holdings Limited, St. Helier, Jersey; OakNorth Bank Holdings Limited, a United Kingdom-based corporation which will own OakNorth U.S. Bank Holdings Inc., Birmingham, Michigan to become a bank holding company and acquire control of Community Unity Bank and OakNorth Interim Bank, National Association, all of Birmingham, Michigan. | Not available | 07/24/2025 |
* 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 |
|---|---|---|---|---|---|
| BANK OF PONTIAC, PONTIAC, ILLINOIS | 930442 | 10/25/2024 | 07/15/2024 | S | Int Small Bank |
| CHELSEA ST BK, CHELSEA, MICHIGAN | 711548 | 06/10/2024 | 02/26/2024 | S | Int Small Bank |
| COMMUNITY ST BK, AVILLA, INDIANA | 502746 | 06/15/2024 | 03/04/2024 | S | Int Small Bank |
| GNB BK, GRUNDY CENTER, IOWA | 724744 | 02/08/2025 | 11/18/2024 | S | Int Small Bank |
| GUARANTY BK, SPRINGFIELD, MISSOURI | 3804535 | 03/31/2024 | 05/01/2023 | S | Int Small Bank |
| IOWA ST BK, HULL, IOWA | 982348 | 07/21/2024 | 04/01/2024 | S | Int Small Bank |
| TRI-COUNTY BK, BROWN CITY, MICHIGAN | 695349 | 04/06/2024 | 08/14/2023 | S | Int Small Bank |
| WASHINGTON ST BK, WASHINGTON, IOWA | 433943 | 05/05/2024 | 01/22/2024 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||