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 August 25, 2018

Filer Filing Type Filing Proposal End of Comment Period
DEMOTTE STATE BANK * Branch DeMotte State Bank, DeMotte, Indiana to establish a branch at 125 South Bierma Street, Wheatfield, Indiana.
Newspaper: Not available
Federal Register: Not applicable
GRUNDY BANK * Branch Grundy Bank, Morris, Illinois to establish a branch at 444 Bedford Road, Morris, Illinois.
Newspaper: 08/30/2018
Federal Register: Not applicable
MCHENRY BANCORP, INC. SLHC Activity McHenry Bancorp, Inc., McHenry, Illinois, proposes to engage de novo in purchasing and servicing loans, and holding and managing improved real estate, pursuant to sections 238.53(b)(1) and (8).
Newspaper: Not applicable
Federal Register: 09/04/2018
NORTHSTAR BANK Member Northstar Bank, Bad Axe, Michigan, to become a member of the Federal Reserve System.
Newspaper: Not applicable
Federal Register: Not applicable
SECURITY TRUST & SAVINGS BANK * 18C
* Branch
Security Trust & Savings Bank, Storm Lake, IA to purchase certain assets and assume certain liabilities of First National Bank of Rembrandt, Rembrandt, IA. In connection with the purchase and assumption, Security Trust & Savings Bank will establish a branch office at 101 E Main Street, Rembrandt, IA.
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
NONE


CRA Examinations scheduled for Fourth Quarter of 2018 (October 1, 2018 - December 31, 2018) and First Quarter of 2019 (January 1, 2019 - March 31, 2019)

Institution Location Quarter
CHELSEA ST BK CHELSEA, MICHIGANFourth Quarter of 2018
FIRST EAGLE BK CHICAGO, ILLINOISFourth Quarter of 2018
GNB BK GRUNDY CENTER, IOWAFourth Quarter of 2018
NORTHERN TC CHICAGO, ILLINOISFourth Quarter of 2018
OREGON CMNTY BK OREGON, WISCONSINFourth Quarter of 2018
QUAD CITY B&TC BETTENDORF, IOWAFourth Quarter of 2018
TOWN BK HARTLAND, WISCONSINFourth Quarter of 2018
CAMP GROVE ST BK CAMP GROVE, ILLINOISFirst Quarter of 2019
CBI B&TC MUSCATINE, IOWAFirst Quarter of 2019
COMMUNITY ST BK ANKENY, IOWAFirst Quarter of 2019
CORNERSTONE BK CLARINDA, IOWAFirst Quarter of 2019
FIRST BK OF BERNE BERNE, INDIANAFirst Quarter of 2019
FIRST IA ST BK ALBIA, IOWAFirst Quarter of 2019
FIRST T&SB MARCUS, IOWAFirst Quarter of 2019
IOWA ST B&TC FAIRFIELD, IOWAFirst Quarter of 2019
MAIN ST BK BINGHAM FARMS, MICHIGANFirst Quarter of 2019
MARKESAN ST BK MARKESAN, WISCONSINFirst Quarter of 2019
TEMPLETON SVGS BK TEMPLETON, IOWAFirst Quarter of 2019
WAYNE B&TC CAMBRIDGE CITY, INDIANAFirst Quarter of 2019

* 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