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 June 12, 2010

Filer Filing Type Filing Proposal End of Comment Period
BANK OF PONTIAC * 18C
* Branch 		Bank of Pontiac, Pontiac, Illinois, to merge with Bank of Dwight, Dwight, Illinois, and thereby to establish two branches.
Newspaper: Not available
Federal Register: Not applicable
CENTRAL STATE BANK * 18C
* Branch 		Central State Bank, Elkader, Iowa, to merge with Corridor State Bank, Coralville, Iowa. As a result of the merger, Central State Bank, will establish a branch office at 2530 Corridor Way, Coralville, Iowa and 202 N Linn Street, Iowa City, Iowa.
Newspaper: Not available
Federal Register: Not applicable
TOWER FINANCIAL CORPORATION CIC Notice by Keith E. Busse, Fort Wayne, Indiana, as an individual, Keith E. Busse, Busse Family Investment Company, LLC, and Aaron T. Busse, as group acting in concert, to acquire 10 percent or more of the voting shares of Tower Financial Corporation, Fort Wayne, Indiana, and thereby indirectly acquire Tower Bank & Trust Company, Fort Wayne, Indiana.
Newspaper: 06/14/2010
Federal Register: 06/23/2010
TOWER FINANCIAL CORPORATION CIC Notice by John V. Tippmann, Sr., Fort Wayne, Indiana, as an individual, and John V. Tippmann, Sr., John McCarthy and Helen McCarthy, Richard Ley and Sally Ley, John Tippmann, Jr., Patrick Tippmann, and Brian Backstrom and Jennifer Backstrom, as a group acting in concert, to acquire 10 percent or more of the voting shares of Tower Financial Corporation, Fort Wayne, Indiana, and thereby indirectly acquire Tower Bank & Trust Company, Fort Wayne, Indiana.
Newspaper: 06/14/2010
Federal Register: 06/23/2010


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
CENTRAL ST BK, ELKADER, IOWA 678744 03/01/2010 06/07/2010 S Small Bank
COMMUNITY FIRST BK, BOSCOBEL, WISCONSIN 175140 02/08/2010 06/03/2010 S Small Bank
HARTSBURG ST BK, HARTSBURG, ILLINOIS 799939 11/16/2009 06/07/2010 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

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Last update: June 17, 2010