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 May 24, 2008

Filer Filing Type Filing Proposal End of Comment Period
BANK MIDWEST MINNESOTA-IOWA, NATIONAL ASSOCIATION Member Bank Midwest, Spirit Lake, Iowa, to become an Iowa state chartered member of the Federal Reserve System following its conversion from a national bank to a state bank.
Newspaper: Not applicable
Federal Register: Not applicable
C-B-G, INC. * 3A3 C-B-G, Inc., West Liberty, Iowa, to acquire an additional $5 million (only $500,000 from C-B-G, Inc. and the remaining from executive officers, directors, and shareholders of CBG all considered to be acting in concert) of common stock, or up to 50.01 percent, in Washington Bancorp, Washington, Iowa, and thereby increase it's indirect interest in Washington Bancorp's subsidiary, Federation Bank, Washington, Iowa.
Newspaper: Not available
Federal Register: Not available
CAPITOL BANCORP LTD. * 3A3 Capitol Bancorp, Ltd., Lansing, Michigan and Capitol Development Bancorp Limited VII, Lansing, Michigan, to acquire 51 percent of the voting shares of Central Arizona Bank (in organization), Casa Grande, Arizona.
Newspaper: Not available
Federal Register: 06/20/2008
CAPITOL BANCORP LTD. * 3A3 Capitol Bancorp, Ltd., Lansing, Michigan and Capitol Development Bancorp Limited VII, Lansing, Michigan, to acquire 51 percent of the voting shares of Sunrise Bank of Norman (in organization), Norman, Oklahoma.
Newspaper: Not available
Federal Register: 06/20/2008
CAPITOL BANCORP LTD. * 4c8 Capitol Bancorp, Ltd., Lansing, Michigan, to acquire 51 percent of the voting shares of Forethought Federal Savings Bank, Batesville, Indiana, and thereby operate a savings association.
Newspaper: Not available
Federal Register: Not available
FIRST COMMUNITY FINANCIAL PARTNERS, INC. 4c8 First Community Financial Partners, Inc., Joliet, Illinois, to continue to engage de novo in extending credit and servicing loans.
Newspaper: Not applicable
Federal Register: 06/10/2008
IBT BANCORP, INC. * 3A3 IBT Bancorp, Inc., Mt. Pleasant, Michigan, to retain 5.9 percent of the voting shares of Valley Financial Group, Ltd., Saginaw, Michigan, and thereby indirectly retain shares of 1st State Bank, Saginaw, Michigan.
Newspaper: Not available
Federal Register: 06/02/2008
LIBERTY FINANCIAL SERVICES, INC. CIC Notice by Mark R. Peterson, Dakota Dunes, South Dakota, to gain control of Liberty Financial Services, Inc., Sioux City, Iowa, and thereby indirectly Liberty National Bank, Sioux City, Iowa.
Newspaper: 06/03/2008
Federal Register: 05/30/2008


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
FIRST CHICAGO B&T, ITASCA, ILLINOIS 686271 01/28/2008 04/18/2008 S Large Bank
GLENWOOD ST BK, GLENWOOD, IOWA 566243 01/14/2008 04/28/2008 S Small Bank
WAYNE B&TC, CAMBRIDGE CITY, INDIANA 451246 01/14/2008 05/01/2008 S Small Bank


CRA Examinations scheduled for Third Quarter of 2008 (July 1, 2008 - September 30, 2008)

Institution Location
BYRON BK BYRON CENTER, MICHIGAN
CHEMICAL BK MIDLAND, MICHIGAN
COLUMBUS JUNCTION ST BK COLUMBUS JUNCTION, IOWA
COMMUNITY BK ELMHURST ELMHURST, ILLINOIS
FIRST MIDWEST BK ITASCA, ILLINOIS
INDIANA B&TC COLUMBUS, INDIANA
IRWIN UNION B&TC COLUMBUS, INDIANA
LOGAN CTY BK LINCOLN, ILLINOIS
M&I MARSHALL & ILSLEY BK MILWAUKEE, WISCONSIN
MARQUETTE BK CHICAGO, ILLINOIS
NORTHERN TC CHICAGO, ILLINOIS
PRIMEBANK LE MARS, IOWA
SECURITY SVG BK EAGLE GROVE, IOWA
TOWN & CNTRY BK BUFFALO, ILLINOIS
VILLAGE B&TC ARLINGTON HEIGHTS, ILLINOIS

* 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