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 August 29, 2026

FilerFiling TypeFiling ProposalEnd of Comment Period
NewspaperFederal Register
BURT BANCSHARES, INC.Change in Bank ControlWilliam D. Mullins Revocable Trust with William D. Mullins as trustee, both of Algona, Iowa and Janice M. Mullins Revocable Trust, Algona, Iowa, with Janice M. Mullins as trustee, both of Algona, Iowa, to join the Bierstedt Family Control Group, a group acting in concert, to acquire voting shares of Burt Bancshares, Inc., Burt, Iowa and thereby indirectly acquire voting shares of Security State Bank, Algona, Iowa. Not available09/15/2026
CIBC BANK USAPublic Welfare InvestmentCIBC Bank USA, Chicago, Illinois, prior notice of a Public Welfare Investment, pursuant to Section 208.22 of Regulation H.Not applicableNot applicable
CIBC BANK USAPublic Welfare InvestmentCIBC Bank USA, Chicago, Illinois, prior notice of a Public Welfare Investment, pursuant to Section 208.22 of Regulation H.Not applicableNot applicable
FIRST LENA CORPORATIONChange in Bank ControlNotice by Jamie A. Hagenow, Verona, Wisconsin, Carrie E. Jones, Platteville, Wisconsin, Baline Stamm, Lena, Illinois, Valerie Battisti, Palatine, Illinois, Jeffrey L. Stamm Trust A with Jeffrey L. Stamm as trustee both of Lena, Illinois, Cali R. Lelle Trust A with Cali R. Lelle as trustee both of Arlington Heights, Illinois, and Cali Lelle Revocable Living Trust with Cali R. Lelle and Larry Lelle as co-trustees, all of Arlington Heights, Illinois as a group acting in concert, to form the Lelle-Stamm Family Group, to retain voting shares of First Lena Corporation and thereby indirectly retain voting shares of Citizens State Bank both of Lena, Illinois. 09/21/2026Not 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 / LocationRSSD IDExam DateCRA Public DateCRA RatingExam Method
CBI B&TC, MUSCATINE, IOWA83054203/08/202610/20/2025OInt Small Bank
CLEAR LAKE B&TC, CLEAR LAKE, IOWA86554406/29/202603/02/2026SInt Small Bank
FIRST ST BK, EASTPOINTE, MICHIGAN11374002/12/202608/04/2025SInt Small Bank
FRIENDSHIP ST BK, FRIENDSHIP, INDIANA42724104/13/202611/17/2025SInt Small Bank
GRAND RIVER BK, GRANDVILLE, MICHIGAN381214712/14/202507/07/2025SInt Small Bank
PEOPLES BK, CLIVE, IOWA96824901/30/202610/27/2025SInt Small Bank
ROLLING HILLS B&T, ATLANTIC, IOWA88224206/27/202602/23/2026SInt Small Bank
VISIONBANK OF IA, AMES, IOWA26904908/24/202605/04/2026SInt Small Bank
WOODTRUST BK, WISCONSIN RAPIDS, WISCONSIN83374902/23/202610/06/2025SInt Small Bank
CRA Examinations scheduled for    Quarter of
InstitutionLocationQuarter
NONE
Back to Top
Last Update: September 03, 2026