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 March 8, 2025
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BANK | * 18C * 3A3 * Branch (Domestic) | BANK, Wapello, Iowa to merge with First Trust and Savings Bank, Coralville, Iowa, and thereby establish branches at 1831 2nd Street, Coralville, Iowa and 102 Augusta Avenue, Oxford, Iowa. | Not available | Not available |
| CIBC BANK USA | Public Welfare Investment | CIBC Bank USA, Chicago, Illinois, requests prior approval to make a public welfare investment pursuant to Section 208.22(d) of Regulation H | Not applicable | Not applicable |
| CIBC BANK USA | Public Welfare Investment | CIBC Bank USA, Chicago, Illinois, requests prior approval to make a public welfare investment pursuant to Section 208.22(d) of Regulation H | Not applicable | Not applicable |
| CIBC BANK USA | Public Welfare Investment | CIBC Bank USA, Chicago, Illinois, requests prior approval to make a public welfare investment in pursuant to Section 208.22(d) of Regulation H | Not applicable | Not applicable |
| LONGVIEW CAPITAL CORPORATION | * 3A3 | Longview Capital Corporation, Newman, Illinois to acquire Middletown State Bank, Middletown, Illinois. | Not available | 04/03/2025 |
| MORNING SUN BANK CORP. | * 3A3 | Morning Sun Bank Corp., Morning Sun, Iowa to acquire First Trust and Savings Bank, Coralville, Iowa. | Not available | 02/27/2025 |
| OSCEOLA BANCORPORATION | Change in Bank Control | Notice by The E. Todd Kale Bank Stock Trust, Osceola, Iowa with Eric Todd Kale, Osceola, Iowa and Mark Walz, West Des Moines, Iowa as co-trustees; the T. Reed Kale Bank Stock Trust, Osceola, Iowa with Mark Walz, West Des Moines, Iowa as trustee; the Sandra S. Kale Trust, Osceola, Iowa with Mark Walz, West Des Moines, Iowa as trustee; Eric Todd Kale, Osceola, Iowa, as an individual; and the J. Fred Reed Jr. Grandchild's Trust for Bank Stock Osceola, Iowa with Eric Todd Kale, Osceola, Iowa as trustee to join the Kale Family Control Group, a group acting in concert, and retain voting shares of Osceola Bancorporation and indirectly retain voting shares of American State Bank, both of Osceola, Iowa. | Not available | 03/31/2025 |
| SCOTT BANCSHARES, INC. | Change in Bank Control | The Myron L. Scott Trust, Sam Scott Trustee, Bethany, Illinois, together with the Barbara M. Scott Trust, Barbara Scott Trustee, Bethany, Illinois; Alyssa Scott Pagel, Franklin, Tennesee; the Todd and Kristen Miller Joint Revocable Trust, Todd and Kristen Miller co-trustees, Edwardsville, Illinois; Jamie L. Scott, Aldan, Pennsylvania; Madelyn K. Miller, Edwardsville, Illinois; and Mason S. Miller, Edwardsville, Illinois, as members of the Scott Family Group, as members of the Scott Family Group, a group acting in concert, to retain 25 percent or more of shares of Scott Bancshares, Inc. and thereby indirectly control Scott State Bank, both of Bethany, Illinois. | Not available | 03/11/2025 |
* 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 OF PONTIAC, PONTIAC, ILLINOIS | 930442 | 10/25/2024 | 07/15/2024 | S | Int Small Bank |
| CHELSEA ST BK, CHELSEA, MICHIGAN | 711548 | 06/10/2024 | 02/26/2024 | S | Int Small Bank |
| COMMUNITY ST BK, AVILLA, INDIANA | 502746 | 06/15/2024 | 03/04/2024 | S | Int Small Bank |
| GNB BK, GRUNDY CENTER, IOWA | 724744 | 02/08/2025 | 11/18/2024 | S | Int Small Bank |
| GUARANTY BK, SPRINGFIELD, MISSOURI | 3804535 | 03/31/2024 | 05/01/2023 | S | Int Small Bank |
| IOWA ST BK, HULL, IOWA | 982348 | 07/21/2024 | 04/01/2024 | S | Int Small Bank |
| TRI-COUNTY BK, BROWN CITY, MICHIGAN | 695349 | 04/06/2024 | 08/14/2023 | S | Int Small Bank |
| WASHINGTON ST BK, WASHINGTON, IOWA | 433943 | 05/05/2024 | 01/22/2024 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||