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, 2014

Filer Filing Type Filing Proposal End of Comment Period
BEAMAN BANCSHARES, INC. CIC Notice by Janice H. Crowe, Conrad, Iowa, individually, and acting in concert with Ray D. Hurlbutt, Conrad, Iowa, for approval to retain control of more than 10 percent of the voting shares of Beaman Bancshares, Inc., Marshalltown, Iowa, and thereby indirectly control Farmers Savings Bank, Marshalltown, Iowa.
Newspaper: 06/07/2014
Federal Register: 06/06/2014
FIRST AMERICAN BANK CORPORATION * 3A3 First American Bank Corporation, Elk Grove Village, Illinois, to acquire 100 percent of Bank of Coral Gables, Coral Gables, Florida.
Newspaper: 06/04/2014
Federal Register: 06/05/2014
FIRST MID-ILLINOIS BANCSHARES, INC. CIC Elizabeth L. Celio, Oak Park, Illinois, individually, and as part of the Lumpkin Family Control Group, to acquire 10 percent or more of the voting shares of First Mid-Illinois Bancshares, Inc., and thereby to indirectly acquire control of First Mid-Illinois Bank & Trust, National Association, both of Mattoon, Illinois: and three trusts established for the benefit of minors, with Steven L. Grissom as trustee of the trusts, all of Mattoon, Illinois, to join the existing Lumpkin Family Control Group which directly and indirectly controls First Mid-Illinois Bancshares, Inc. and First Mid-Illinois Bank & Trust, National Association, respectively.
Newspaper: 05/29/2014
Federal Register: 06/03/2014
FIRST MIDWEST BANK * 18C
* Branch
First Midwest Bank, Itasca, Illinois, to purchase the assets and assume the liabilities of twelve branch offices of Banco Popular North America, New York, New York. In conjunction, First Midwest Bank, Itasca, Illinois, will establish twelve branches.
Newspaper: Not available
Federal Register: Not applicable
FIRST STATE BANCSHARES, INC. CIC Notice by Linda J. Boerner, Coralville, Iowa and Susan B. Libbey, Minnetonka, Minnesota, separately as individuals,and as members of the Bogue Family Group consisting of Linda J. Boerner, Coralville, Iowa; Susan B. Libbey, Minnetonka, Minnesota; Mark & Jaclyn Bogue, Ida Grove, Iowa; Brett Boerner, Urbandale, Iowa; Melissa Adrian, Richland, Iowa; and Ronald & Christine Boerner, Wamego, Kansas; to retain control of First State Bancshares, Inc., Ida Grove, Iowa, and thereby indirectly control First State Bank, Ida Grove, Iowa.
Newspaper: 06/02/2014
Federal Register: 06/10/2014
OAK FINANCIAL, INC. CIC Bruce Gabrielse, Barbara L. Gabrielse, both of Fitchburg, Wisconsin, Brian Gabrielse, Jennifer Gabrielse, Bradley Gabrielse, Brenton Gabrielse, Katelyn Gabrielse, Kimberly Gabrielse, Matthew Gabrielse, all of Madison, Wisconsin, Jack L. Gabrielse, Denise Gabrielse, both of Oregon, Wisconsin, the Diane L. Gabrielse Declaration of Trust dated September 2, 1999, Diane L. Gabrielse, individually and as trustee of the Diane L. Gabrielse Declaration of Trust dated September 2, 1999, the Thomas H. Gabrielse Declaration of Trust dated September 2, 1999, Thomas H. Gabrielse as trustee of the Thomas H. Gabrielse Declaration of Trust dated September 2, 1999, all of Orland Park, Illinois, Mark Oostdyk, Heidi DeBruin, Kaye Oostdyk, all of Stoughton, Wisconsin, Stephanie Clark, St. Johns, Florida, David Gabrielse, Palos Heights, Illinois, Jeffrey Gabrielse, Jonathan Oostdyk, both of Plymouth, Minnesota, Justin Gabrielse, Maple Grove, Minnesota, Jayne Locascio, Palos Park, Illinois, William Oostdyk, South Elgin, Illinois, Valerie Therrien, Minneapolis, Minnesota, Katie Nelson, Frostburg, Maryland, and Keith Gabrielse, Cottage Grove, Wisconsin, together as a group acting in concert, to retain control of over 10 percent of the voting shares of Oak Financial, Inc., and thereby indirectly retain control of Oak Bank, both of Fitchburg, Wisconsin.
Newspaper: Not available
Federal Register: 05/21/2014
STATE BANK OF THE LAKES * 18C
* Branch
State Bank of the Lakes, Antioch, Illinois to purchase certain assets and assume certain liabilities of two branches of Town Bank, Hartland, Wisconsin.
Newspaper: 05/29/2014
Federal Register: Not applicable
TOWN BANK * 18C
* Branch
Town Bank, Hartland, Wisconsin, to purchase certain assets and assume certain liabilities of a single branch of THE National Bank, Moline, Illinois.
Newspaper: 05/27/2014
Federal Register: Not applicable
TOWN BANK * 18C
* Branch
Town Bank, Hartland, Wisconsin, to purchase certain assets and assume certain liabilities of 11 branches of Talmer Bank and Trust, Troy, Michigan.
Newspaper: 05/28/2014
Federal Register: Not applicable


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
NONE


CRA Examinations scheduled for Third Quarter of 2014 (July 1, 2014 - September 30, 2014)

Institution Location
CENTRUE BK STREATOR, ILLINOIS
FRONTIER SVG BK COUNCIL BLUFFS, IOWA
IOWA ST BK HULL, IOWA
OREGON CMNTY B&TC OREGON, WISCONSIN
WASHINGTON ST BK WASHINGTON, IOWA

* 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