Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 7
Federal Reserve Bank of: Chicago

Filings received during the week ending October 25, 2008

Filer Filing Type Filing Proposal End of Comment Period
CITY STATE BANK * 18C
* Branch
City State Bank, Odgen, Iowa, to merge with Ames Community Bank, Ames, Iowa, and Community Bank of Boone, Boone, Iowa. As a result of these mergers, all offices of Ames Community Bank and Community Bank of Boone will become offices of City State Bank.
Newspaper: Not available
Federal Register: Not applicable
COMMUNITY HOLDINGS CORPORATION CIC Notice by Spiro P. Argiris, Burr Ridge, Illinois, individually and as part of a group acting in concert with Theodore P. Argiris, Palos Park, Illinois, Cathy Argiris, Palos Park, Illinois, and Carpetcrafters, Inc., Alsip, Illinois, to acquire control of Community Holdings Corporation, Palos Hills, Illinois, and thereby indirectly control Family Bank and Trust Company, Palos Hills, Illinois.
Newspaper: Not available
Federal Register: 11/04/2008
CUMMINS INC. CIC Notice by Cummins Inc., Columbus, Indiana, to acquire 10 percent or more of the voting shares of Irwin Financial Corporation, Columbus, Indiana, and thereby indirectly acquire Irwin Union Bank & Trust Company, Columbus, Indiana and Irwin Union Bank, F.S.B., Columbus, Indiana.
Newspaper: 11/10/2008
Federal Register: Not available
FIRST MERCHANTS CORPORATION * 3A5 First Merchants Corporation, Muncie, Indiana, to acquire 100 percent of the voting shares of Lincoln Bancorp, Plainfield, Indiana, and thereby indirectly acquire Lincoln Bank, Plainfield, Indiana.
Newspaper: 11/05/2008
Federal Register: 11/03/2008
GARNAVILLO BANK CORPORATION 4c8 Garnavillo Bank Corporation, Garnavillo, Iowa, to engage in the permissible nonbanking activity of extending credit and servicing loans.
Newspaper: Not applicable
Federal Register: 11/14/2008
LINDEN STATE BANK * 18C
* Branch
Linden State Bank, Linden, Indiana, to merge with Farmers State Bank, New Ross, Indiana, and thereby to establish 4 branches.
Newspaper: Not available
Federal Register: Not applicable
MARSHALL & ILSLEY CORPORATION 4c8 Marshall & Ilsley Corporation, Milwaukee, Wisconsin and M&I LLC, Milwaukee, Wisconsin, to acquire, indirectly through a newly-formed majority-owned subsidiary, TCH, LLC, all of the assets of Taplin, Canida & Habacht, Inc., Miami, Florida, and thereby to engage in financial and investment advisory activities and agency transactional services.
Newspaper: Not applicable
Federal Register: Not applicable
White River Capital, Inc. * 3A1 White River Capital, Inc., Indianapolis, Indiana, to become a bank holding company by acquiring 100 percent of the voting shares of First Chicago Bancorp, Itasca, Illinois, and thereby indirectly acquire First Chicago Bank & Trust, Itasca, Illinois.
Newspaper: Not available
Federal Register: Not available


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 IA, OSKALOOSA, IOWA 686440 06/16/2008 09/29/2008 S Small Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

* Subject to the provisions of the Community Reinvestment Act

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco