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 19, 2026
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| 1870 HOLDINGS, INC. | * 3A5 | 1870 Holdings, Inc., Monmouth, Illinois, to merge with Rushville Bancshares, Inc., and thereby indirectly acquire Rushville State Bank, both of Rushville, Illinois. | Not available | Not available |
| CIBC BANK USA | Public Welfare Investment | CIBC Bank USA, Chicago Illinois, prior notice of its Public Welfare Investment, pursuant to Section 208.22 of Regulation H. | Not applicable | Not applicable |
| MUTUAL FEDERAL BANCORP, MHC | * Second Step Conversion | Mutual Federal Bancorp, MHC, Chicago, Illinois; to convert from mutual to stock form. As part of the conversion, Mutual Federal Bancorp, MHC, and Mutual Federal Bancorp, Inc., Chicago, Illinois, an existing mid-tier savings and loan holding company, will cease to exist and Mutual Federal Bank, Chicago, Illinois, will become a wholly-owned subsidiary of MFB Bancorp, Inc., Chicago, Illinois, a newly-formed Delaware corporation, which has applied to become a savings and loan holding company, pursuant to section 10(e) of the HOLA. | Not available | 10/23/2026 |
| NORTHERN TRUST COMPANY, THE | Public Welfare Investment | The Northern Trust Company, Chicago, Illinois, requests prior approval to make a public welfare investment, pursuant to Paragraph 23 of Section 9 of the Federal Reserve Act and Section 208.22(d) of Regulation H. | Not applicable | Not applicable |
| NORTHERN TRUST COMPANY, THE | Public Welfare Investment | The Northern Trust Company, Chicago, Illinois, requests prior approval to make a public welfare investment, pursuant to Paragraph 23 of Section 9 of the Federal Reserve Act and Section 208.22(d) of Regulation H. | Not applicable | Not applicable |
| READLYN BANCSHARES, INC. | Change in Bank Control | The Mark J. Sexton 2026 Grantor Trust, Mark J. Sexton trustee and trust advisor, all of Saint Paul, Minnesota; the Andrew G. Sexton 2026 Grantor Trust, Andrew G. Sexton trustee and trust advisor, all of Cedar Falls, Iowa; and the Jennifer Sexton Walther 2026 Grantor Trust, Jennifer Sexton Walther trustee and trust advisor, all of Saint Paul, Minnesota, intend to apply to the Federal Reserve Board for permission to join the Sexton Family Control Group, a group acting in concert, and retain 25 percent or more of the shares and thereby control of Readlyn Bancshares, Inc., Saint Paul, Minnesota. Readlyn Bancshares, Inc. controls Nashua Bancshares, Inc., Saint Paul, Minnesota, which controls First State Bank, Nashua, Iowa; Britt Bancshares, Inc., Saint Paul, Minnesota, which controls Nashua Bancshares, Inc. and First State Bank, Britt, Iowa; and Readlyn Savings Bank, Readlyn, Iowa. | 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 |
|---|---|---|---|---|---|
| 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 |
| GRAND RIVER BK, GRANDVILLE, MICHIGAN | 3812147 | 12/14/2025 | 07/07/2025 | 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 |
| VISIONBANK OF IA, AMES, IOWA | 269049 | 08/24/2026 | 05/04/2026 | 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 | ||