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 May 23, 2026
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| HOMETOWN COMMUNITY BANCORP, INC. | * 3A3 | Hometown Community Bancorp, Inc., and Hometown Community Bancorp Inc., Employee Stock Ownership Plan and Trust, both of Morton, Illinois, to acquire 100 percent of the outstanding shares of First Bank of Manhattan, Manhattan, Illinois. | Not available | Not 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 / Location | RSSD ID | Exam Date | CRA Public Date | CRA Rating | Exam Method |
|---|---|---|---|---|---|
| BANK MIDWEST, SPIRIT LAKE, IOWA | 45551 | 08/24/2025 | 05/19/2025 | S | Int Small Bank |
| CBI B&TC, MUSCATINE, IOWA | 830542 | 03/08/2026 | 10/20/2025 | O | Int Small Bank |
| COMMUNITY ST BK, ANKENY, IOWA | 790543 | 06/21/2025 | 10/28/2024 | S | Int Small Bank |
| FIRST BK OF BERNE, BERNE, INDIANA | 312244 | 05/16/2025 | 03/03/2025 | S | Int Small Bank |
| FIRST ST BK, EASTPOINTE, MICHIGAN | 113740 | 02/12/2026 | 08/04/2025 | S | Int Small Bank |
| FRIENDSHIP ST BK, FRIENDSHIP, INDIANA | 427241 | 04/13/2026 | 11/17/2025 | S | Int Small Bank |
| PEOPLES BK, CLIVE, IOWA | 968249 | 01/30/2026 | 10/27/2025 | S | Int Small Bank |
| WOODTRUST BK, WISCONSIN RAPIDS, WISCONSIN | 833749 | 02/23/2026 | 10/06/2025 | S | Int Small Bank |
CRA Examinations scheduled for Third Quarter of 2026 (July 1, 2026 - September 30, 2026) and Fourth Quarter of 2026 (October 1, 2026 - December 31, 2026)
| Institution | Location | Quarter |
|---|---|---|
| 1ST SOURCE BK | SOUTH BEND, INDIANA | Third Quarter of 2026 |
| BANK 1ST | WEST UNION, IOWA | Third Quarter of 2026 |
| BANK CMG | MADISON, WISCONSIN | Third Quarter of 2026 |
| HURON ST BK | ROGERS CITY, MICHIGAN | Third Quarter of 2026 |
| DEMOTTE ST BK | DEMOTTE, INDIANA | Fourth Quarter of 2026 |
| EASTERN MI BK | CROSWELL, MICHIGAN | Fourth Quarter of 2026 |
| FIRST ST BK OF MI | DECATUR, MICHIGAN | Fourth Quarter of 2026 |
| INDEPENDENT BK | GRAND RAPIDS, MICHIGAN | Fourth Quarter of 2026 |
| MIDWEST BK | MONMOUTH, ILLINOIS | Fourth Quarter of 2026 |