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 July 4, 2026
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| 1ST SOURCE BANK | * Branch (Domestic) | 1st Source Bank, South Bend, Indiana, to establish a branch Office at 1215 Potter Drive, West Lafayette, Indiana. | 06/30/2026 | Not applicable |
| BROOKFIELD BANCSHARES, INC. | Listed DeNovo | Brookfield Bancshares, Inc., Brookfield, Illinois, to continue engaging in extending credit and servicing loans, pursuant to section 225.28(b)(1) of Regulation Y. | Not applicable | 07/22/2026 |
| OppFi Inc. | * 3A1 | OppFi, Inc., Chicago, Illinois, to become a bank holding company by acquiring BNCCORP, Inc., Bismarck, North Dakota, and thereby indirectly acquiring BNC National Bank, Glendale, Arizona. In addition, OppFi Inc. elects to become a financial holding company. | 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 |
| CLEAR LAKE B&TC, CLEAR LAKE, IOWA | 865544 | 06/29/2026 | 03/02/2026 | 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 |
| ROLLING HILLS B&T, ATLANTIC, IOWA | 882242 | 06/27/2026 | 02/23/2026 | S | Int Small Bank |
| WOODTRUST BK, WISCONSIN RAPIDS, WISCONSIN | 833749 | 02/23/2026 | 10/06/2025 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||