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 July 18, 2009

Filer Filing Type Filing Proposal End of Comment Period
C-B-G, INC. * 3A3 C-B-G, Inc., West Liberty, Iowa, to acquire up to $5,000,000 in additional stock and increase its ownership to up to 50.01 percent of Washington Bancorp, Washington, Iowa, and thereby indirectly increase its ownership of Federation Bank, Washington, Iowa.
Newspaper: Not available
Federal Register: 08/14/2009
COMMUNITY FIRST BANK - CHICAGO * Branch Community First Bank-Chicago, Chicago, Illinois, to establish a branch facility to be located at 9800 S. Roberts Road, Palos Hills, Illinois.
Newspaper: 07/10/2009
Federal Register: Not applicable
FIRST MID-ILLINOIS BANCSHARES, INC. CIC Notice by Charles A. Adams, Mattoon, Illinois, to individually acquire 10 percent or more of the voting shares of First Mid-Illinois Bancshares, Inc., Mattoon, Illinois, and thereby indirectly acquire shares of First Mid-Illinois Bank & Trust, National Association, Mattoon, Illinois, and as part of a group acting in concert with Holly A. Bailey, Linda K. Adams, Howell Paving, Inc., and Howell-Adams Foundation, all of Mattoon, Illinois, and Craig H. Adams, Woodside, California, to retain more than 10 percent of the voting shares of First Mid-Illinois Bancshares, Inc., Mattoon, Illinois, and thereby indirectly retain shares of First Mid-Illinois Bank & Trust, National Association, Mattoon, Illinois.
Newspaper: 07/10/2009
Federal Register: 07/13/2009
VAN FINANCIAL CORP * 3A1 Van Financial Corp., Breda, Iowa, to become a bank holding company by acquiring at least 80 percent of Breda Savings Bank, Breda, Iowa.
Newspaper: 07/10/2009
Federal Register: 07/10/2009


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
WAUKON ST BK, WAUKON, IOWA 436542 02/23/2009 06/22/2009 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