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 September 20, 2025
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BUSEY BANK | Public Welfare Investment | Busey Bank, Champaign, Illinois, requests prior approval to make to a public welfare investment in pursuant to Paragraph 23 of Section 9 of the Federal Reserve Act and Section 208.22(d) of Regulation H. | Not applicable | Not applicable |
| CARROLL COUNTY BANCSHARES, INC. | Change in Bank Control | Gretchen M. Gronstal Graff, T. Bernt Gronstal, and Joan M. Gronstal, all of Orleans, Iowa; Ingrid M. Gronstal, of Iowa City, Iowa; Carol A. Gronstal, of Carroll, Iowa; and Andrea Gronstal Benton, of Madison, Wisconsin, to form the Gronstal Family Group, a group acting in concert, to retain the voting shares of Carroll County Bancshares, Carroll, Iowa and thereby indirectly retain voting shares of Availa Bank, Carroll, Iowa. | 10/03/2025 | Not available |
| FAYETTE BANCORPORATION | Change in Bank Control | The Family Trust created under the Mary E. Lensing Revocable Bank Stock Trust, Marion, Iowa, with the Hills Bank and Trust Company, Cedar Rapids, Iowa, as co-trustee and Clair J. Lensing, Marion, Iowa, as co-trustee and family business advisor; to join the Lensing Family Control Group, a group acting in concert, and retain voting shares of Fayette Bancorporation, Marion, Iowa and thereby indirectly retain voting shares of Maynard Savings Bank, Maynard, Iowa. | 10/21/2025 | Not available |
| INDEPENDENT BANK | Public Welfare Investment | Independent Bank, Grand Rapids, Michigan request prior approval to make a public welfare investment, pursuant to Regulation H. | Not applicable | Not applicable |
| RESOURCE BANCSHARES, INC. | Change in Bank Control | The 2021 Katz Dynasty Trust and Richard J. Katz Irrevocable Trust both of Milwaukee, Wisconsin, with Peter J. Wilder, Pewaukee, Wisconsin as trustee, and Kathleen Katz, DeKalb, Illinois to acquire voting shares of Resource Bancshares, Inc., and thereby indirectly acquire voting shares of Resource Bank, National Association, both of DeKalb, Illinois | Not available | Not available |
| SECURITY FINANCIAL, INC. | Change in Bank Control | Todd M. Madson Family Trust Dated May 21, 2024, Jefferson, Iowa, Cheri S. Delay, Jefferson, Iowa, Mark S. Larson, Rushford, Minnesota, Pamela S. Larson, Nashville, Tennessee, Lucus J. Lautner, Urbandale, Iowa, Michael T. Licht, Fort Dodge, Iowa, Bret A. Madson, Jefferson, Iowa, Marie A. Madson Trust, Fairfax Station, Virgina, Roxanne L. Madson, Lee's Summit, Missouri and Debra L. Swift, Warren, Connecticut to retain voting shares of Security Financial, Inc., Farnhamville, Iowa and thereby indirectly retain voting shares of Security Savings Bank, Gowrie, Iowa. | Not available | Not available |
| CIBC BANK USA | Public Welfare Investment | CIBC Bank USA, Chicago, Illinois, requests prior approval to make a public welfare investment, pursuant to Section 208.22(d) of Regulation H. | Not applicable | Not applicable |
* 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 | ||