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 11, 2026
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BROOKFIELD BANCSHARES, INC. | * Thrift Going Concern | Brookfield Bancshares, Inc., Brookfield, Illinois, to merge with NSTS Bancorp, Inc. and thereby indirectly acquire North Shore Trust and Savings, both of Waukegan, Illinois, and thereby engage in operating a savings association pursuant to section 225.28(b)(4)(ii) of Regulation Y. | 07/09/2026 | Not available |
| CIBC BANK USA | Public Welfare Investment | CIBC Bank USA, Chicago, Illinois, prior notice of a Public Welfare Investment, pursuant to Section 208.22 of Regulation H. | Not applicable | Not applicable |
| GREENE INVESTMENT CO. | Change in Bank Control | Jennifer Garst Family Trust UW dated March 8, 2022 with Iowa State Bank as Trustee, both of Des Moines, Iowa and Elizabeth Garst, Coon Rapids, Iowa as Trust Investment Director to join the Garst Family Control Group, a group acting in concert, and to retain voting shares of Greene Investment Co., Jefferson, Iowa, and thereby indirectly retain control of Home State Bank, Jefferson, Iowa, and Racoon Valley Bank, Perry, Iowa. | Not available | 07/30/2026 |
| 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 | 08/12/2026 |
* 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 | ||