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 December 12, 2015

Filer Filing Type Filing Proposal End of Comment Period
CHEMICAL BANK * Branch Chemical Bank, Midland, Michigan applied to the Federal Reserve Board for permission to establish a mobile branch (courier service) that will serve business customers in the following counties: Alcona, Allegan, Alpena, Antrim, Arenac, Bay, Barry, Benzie, Berrien, Branch, Calhoun, Cass, Cheboygan, Charlevoix, Clare, Crawford, Emmet, Gladwin, Grand Traverse, Gratiot, Hillsdale, Huron, Ionia, Iosco, Isabella, Kalamazoo, Kalkaska, Kent, Lake, Leelanau, Manistee, Mason, Mecosta, Midland, Missaukee, Montcalm, Montmorency, Newaygo, Ogemaw, Osceola, Oscoda, Otsego, Ottawa, Presque Isle, Roscommon, Saginaw, Sanilac, Tuscola, Van Buren, and Wexford.
Newspaper: Not available
Federal Register: Not applicable
CHEMICAL BANK * Branch Chemical Bank, Midland, MI, to establish a new branch at 100 South Michigan Ave., Saginaw
Newspaper: Not available
Federal Register: Not applicable
COMMUNITY FIRST FINANCIAL CORPORATION CIC Robert F. Hingst, Trustee of Robert F. Hingst GST Trust; Robert F. Hingst GST Trust; together with William H. Hingst, Trustee of William H. Hingst GST Trust and Trustee of the William H. Hingst Living Trust; William H. Hingst GST Trust and William H. Hingst Living Trust; Robert F. Hingst and Mary M. Hingst, Co Trustees of Mary M. Hingst Living Trust; Mary M. Hingst Living Trust; John C. Hingst; Katherine H. Hingst, all of Kokomo, Indiana; Theodore J. Hingst, Trustee of Theodore J. Hingst GST Trust and Trustee of Ted Hingst Living Trust; Theodore J. Hingst GST Trust and Ted Hingst Living Trust, all of Lafayette, Indiana, as a group acting in concert to retain 10 percent or more of the shares and thereby control Community First Financial Corporation, Kokomo, Indiana, and thereby indirectly control Community First Bank of Indiana, Kokomo, Indiana.
Newspaper: Not available
Federal Register: 12/23/2015
EASTERN MICHIGAN FINANCIAL CORPORATION * 3A5 Eastern Michigan Financial Corporation, Croswell, MI application to merge with Rush Bank Corporation, Ruth, MI
Newspaper: Not available
Federal Register: Not available
FIRST FARMERS FINANCIAL CORPORATION * 3A5
* 18C
First Farmers Financial Corporation, Converse, Indiana, to merge with Century Bank Corp., and thereby indirectly acquire The Citizens Exchange Bank, both of Fairmount, Indiana and an application by First Farmers Bank & Trust Co., Converse, Indiana, to merge with The Citizens Exchange Bank, Fairmount, Indiana, and operate all offices of The Citizens Exchange Bank as branches.
Newspaper: Not available
Federal Register: Not available
FIRST MIDWEST BANCORP, INC. * 3A5
* 18C
* Branch
First Midwest Bancorp, Itasca, IL to merge with NI Bancshares, Sycamore, IL and thereby acquire the National Bank & Trust Co of Sycamore, IL. In addition to this proposal, First Midwest Bank, Itasca, Illinois to merge with the National Bank & Trust Company of Sycamore, Sycamore, Illinois. As a result of the merger, First Midwest Bank, Itasca, IL will establish 10 branches.
Newspaper: Not available
Federal Register: 12/28/2015
GNB BANK * 18C
* Branch
GNB Bank, Grundy Center, Iowa, to merge with its sister bank, Ackley State Bank, Ackley, Iowa. As a result of the merger, all locations of Ackley State Bank will become branches of GNB Bank.
Newspaper: Not available
Federal Register: Not applicable
LEVEL ONE BANCORP, INC. * 3A3 Level One Bancorp, Inc., Farmington Hills, Michigan, to acquire Bank of Michigan, Farmington Hills, Michigan.
Newspaper: 12/24/2015
Federal Register: 12/24/2015
NICOLET BANKSHARES, INC. * 3A5 Nicolet Bankshares, Inc., Green Bay, Wisconsin, to merge with Baylake Corp., and thereby indirectly acquire Baylake Bank, both in Sturgeon Bay, Wisconsin.
Newspaper: Not available
Federal Register: 01/04/2016
VISIONBANK OF IOWA * Branch VisionBank of Iowa, Ames, Iowa, to establish a branch at 100 Centennial Drive, Huxley, Iowa.
Newspaper: Not available
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
FIRST FARMERS B&T, CONVERSE, INDIANA 139843 08/03/2015 01/08/2015 S Int Sm Bank
HURON CMNTY BK, EAST TAWAS, MICHIGAN 475345 09/21/2015 01/07/2015 S Small Bank
LAKE CITY BK, WARSAW, INDIANA 874845 08/31/2015 01/06/2016 S Large 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