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 April 30, 2016

Filer Filing Type Filing Proposal End of Comment Period
ALPINE BANK & TRUST CO. * Branch Alpine Bank & Trust Company, Rockford, Illinois, to establish a branch at 1401 North Main Street, Rockford, Illinois.
Newspaper: 04/28/2016
Federal Register: Not applicable
BLACKHAWK BANCORPORATION, INC. * 3A5 Blackhawk Bancorporation, Inc., Milan, Illinois, to merge with First Port Byron Bancorp, Inc. and thereby indirectly acquire Port Byron State Bank, both of Port Byron, Illinois.
Newspaper: 05/02/2016
Federal Register: 04/28/2016
CHEMICAL FINANCIAL CORPORATION * 3A5
* 18C
* Branch
Chemical Financial Corporation, Midland, Michigan, to merge with Talmer Bancorp, Inc., Troy, Michigan, and thereby acquire control of Talmer Bank and Trust, Troy, Michigan. In connection with the bank holding company merger, Chemical Bank, Midland, Michigan, intends to merge and consolidate Talmer Bank and Trust, Troy, Michigan, with and into Chemical Bank, Midland, Michigan and to operate all of the offices of Talmer Bank, including its main office, as branches of Chemical Bank.
Newspaper: 04/30/2016
Federal Register: 04/04/2016
COMMUNITY BANCSHARES CORP. * 3A3 Community Bancshares, Corp., Indianola, Iowa, to acquire 100 percent of IT&S of Iowa, Inc., Oskaloosa, Iowa, and thereby indirectly acquire TruBank, Oskaloosa, Iowa.
Newspaper: 05/15/2016
Federal Register: 05/12/2016
COUNTY BANK CORP * 3A5
* 18C
* Branch
County Bank Corporation, Lapeer, Michigan, to merge with Capac Bancorp, Inc., Capac, Michigan. Immediately following the merger, LaPeer County Bank & Trust Company, LaPeer, Michigan will merge with CSB Bank, Capac, Michigan and an application for LaPeer County Bank and Trust Company, LaPeer, Michigan to operate all offices of CSB Bank, Capac, Michigan as branches at 206 North Main Street, Capac, Michigan; 5515 Van Dyke Road, Almont, Michigan; 72890 North Avenue, Armada, Michigan; 3177 Main Street, Emmett, Michigan; 148 North Almont Avenue, Imlay City, Michigan; 81111 Main Street, Memphis, Michigan; 3 North Main Street, Yale, Michigan.
Newspaper: Not available
Federal Register: 05/27/2016
FIRST MIDWEST BANK * Branch First Midwest Bank, Itasca, Illinois intends to close the branch located at 15801 South Bell Road, Horner Glen, Illinois
Newspaper: Not available
Federal Register: Not applicable
FIRST NEWTON NATIONAL BANK Member First Newton National Bank, Newton, Iowa, to change name to FNNB Bank and retain its membership in the Federal Reserve System and its stock in the Federal Reserve Bank of Chicago following its conversion from a national banking association to a state-chartered bank.
Newspaper: Not applicable
Federal Register: Not applicable
STATE BANCO, LTD. CIC Notice by William C. Wetzeler, Spirit Lake, Iowa, individually to control more than 25 percent and acting in concert with Carol L. Schultz, Judith K. Nece, and Andrew J. Schultz, all of Spirit Lake, Iowa, to join the Wetzeler Family Control Group as approved on July 22, 1983 and retain control of 100 percent of the voting shares of State Banco, LTD, Spirit Lake, Iowa, and thereby indirectly control The State Bank, Spirit Lake, Iowa.
Newspaper: Not available
Federal Register: 05/17/2016
STC BANCSHARES CORP. CIC Robert Greco, Wayne, Illinois, together with Gian Greco, Wayne, Illinois; Pasquale Greco, St. Charles, Illinois, Francesca Greco, Jaffe, St. Charles, Illinois and Eduardo Greco, St. Charles, Illinois; as a group acting in concert, to acquire over ten percent of the voting shares of STC Bancshares Corp., St. Charles, Illinois, and thereby indirectly control of STC Capital Bank, St. Charles, Illinois.
Newspaper: Not available
Federal Register: 03/24/2016
WCF FINANCIAL, M.H.C. * MHC Conversion WCF Financial, M.H.C., Webster City, Iowa, to convert to stock form and merge with and into Webster City Federal Bancorp, Webster City, Iowa. In connection with this application, Webster City Federal Bancorp will be merged into a de novo corporation named WCF Bancorp, Inc., an Iowa corporation, which has applied to become a savings and loan holding company by acquiring 100 percent of the voting shares of WCF Financial Bank, Webster City, Iowa.
Newspaper: Not available
Federal Register: 04/11/2016


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
CUSB BK, CRESCO, IOWA 900146 02/08/2016 06/09/2016 S Int Sm Bank
SALIN B&TC, INDIANAPOLIS, INDIANA 123646 02/01/2016 06/09/2016 S Int Sm 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