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 March 23, 2019

Filer Filing Type Filing Proposal End of Comment Period
ALBRECHT FINANCIAL SERVICES, INC. CIC David S. Albrecht and Steven D. Albrecht as co-trustees of the Dean L. Albrecht 2014 Trust, the Dean L. Albrecht 2014 Family Trust II FBO Abbey Albrecht, and the Dean L. Albrecht 2014 Family Trust II FBO Alexis Albrecht, all of Norwalk, Iowa, as a group acting in concert to be added to the Albrecht family control group approved on January 2, 1996 to acquire 25 percent or more of the voting shares of Albrecht Financial Services, Inc., and thereby indirectly control City State Bank, both of Norwalk, Iowa.
Newspaper: 03/27/2019
Federal Register: 04/09/2019
BANK OF BRODHEAD, THE * 18C Bank of Brodhead to merge with New Bank of Brodhead both of Brodhead, Wisconsin, with Bank of Brodhead being the surviving entity.
Newspaper: 04/19/2019
Federal Register: Not applicable
BRAD, INC. CIC Notice by Noel A. Radcliffe, Hillsboro, Wisconsin; Richard A. Radcliffe, Sparta, Wisconsin; Robin W. Radcliffe, Brooktondale, New York; and Rolfe M. Radcliffe, Berkshire, New York, each individually and acting in concert, to amend the Radcliffe Family Control Group as approved in 1998 and acquire 100 percent of the voting shares of BRAD, Inc., and thereby indirectly control Black River Country Bank, both of Black River Falls, Wisconsin.
Newspaper: 03/26/2019
Federal Register: 03/19/2019
CHEMICAL FINANCIAL CORPORATION * 3A5 Chemical Financial Corporation, Detroit, Michigan to merge with TCF Financial Corporation, Wayzata, Minnesota and thereby indirectly acquire TCF National Bank, Sioux Falls, South Dakota.
Newspaper: Not available
Federal Register: 04/19/2019
HOW-WIN DEVELOPMENT CO. CIC Notice by John Scott Thomson, as trustee of both the John H. Thomson Residuary Trust and the FJT Grandchildrens Trust, John Scott Thomson and Stephanie Carol Thomson, as co-trustees of the Thomson Grandchildrens Trust, together with Stephanie Carol Thomson as co-trustee of the John Scott Thomson Family Trust, all of Cresco, Iowa, to retain control of 100 percent of the voting shares of How-Win Development Co. and thereby to indirectly control CUSB Bank, both of Cresco, Iowa. CUSB Bank, Cresco, Iowa, serves as co-trustee of the Scott Thomson Family Trust and the Thomson Grandchildrens Trust.
Newspaper: Not available
Federal Register: Not available
MINIER FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS * 3A3 Minier Financial, Inc. Employee Stock Ownership Plan with 401(k) Provisions, Minier, Illinois, for prior approval to increase its 44.63 percent ownership in Minier Financial, Inc., Minier, Illinois, to up to 51 percent ownership and thereby increase its indirect ownership of First Farmers State Bank, Minier, Illinois.
Newspaper: 04/09/2019
Federal Register: 04/18/2019
OLD O'BRIEN BANC SHARES, INC. CIC Notice by James J. Johnson and Colleen D. Johnson, both of Sutherland, Iowa, and Sonya A. Duhn, Emmetsburg, Iowa, to join Darin J. Johnson, Sutherland, Iowa, as a group acting in concert, and to retain and acquire control of 25 percent or more of the voting shares of Old O'Brien Banc Shares, Inc., and thereby indirectly control Security State Bank, both of Sutherland, Iowa.
Newspaper: Not available
Federal Register: 03/28/2019
OLD O'BRIEN BANC SHARES, INC. * 3A5 Old O'Brien Banc Shares, Inc., Sutherland, Iowa to merge with R & J Financial Corporation, Inc. and thereby indirectly acquire Peoples Savings Bank, both of Elma, Iowa.
Newspaper: Not available
Federal Register: 04/12/2019
PELLA FINANCIAL GROUP, INC. * 3A3 Pella Financial Group, Inc., Pella, Iowa, to acquire 100 percent of Iowa State Savings Bank, Knoxville, Iowa.
Newspaper: 04/08/2019
Federal Register: 04/12/2019
RICHMOND MUTUAL BANCORPORATION, INC. * 3A5
* 3A1
Richmond Mutual Bancorporation, Inc., a newly formed Maryland company headquartered in Richmond, Indiana, to become a bank holding company by acquiring 100 percent of First Bank Richmond, Richmond, Indiana in connection with the merger of First Mutual of Richmond, Inc. into Richmond Mutual Bancorporation, Inc., a Delaware corporation, both headquartered in Richmond, Indiana.��
Newspaper: Not available
Federal Register: 04/19/2019
RUSH-OAK CORPORATION CIC John L. Cox, Burr Ridge, Illinois, individually as Special Trustee of the following ten trusts, and together as a group acting in concert with the John L. Cox GST Trust, John L. Cox as Trustee, Edward A. Cox, III GST Trust, Edward A. Cox, III as Trustee, Fontana, Wisconsin, Maureen T. Cox-Scanlon GST Trust, Maureen T. Cox-Scanlon as Trustee, Downers Grove, Illinois, Michael J. Cox GST Trust, Michael J. Cox as Trustee, Rosemary P. Cox-Conway GST Trust, Rosemary P. Cox-Conway as Trustee, Thomas M. Cox GST Trust, Thomas M. Cox as Trustee, Robert J. Cox GST Trust, Robert J. Cox as Trustee, Catherine M. Cox Murphy GST Trust, Catherine M. Cox Murphy as Trustee, Margaret M. Cox-Petrucelli GST Trust, Margaret M. Cox-Petrucelli as Trustee, Mary H. Cox-Coffey GST Trust, and Mary H. Cox Coffey as Trustee, all of Oak Brook, Illinois, to acquire 25 percent or more of Rush-Oak Corporation, and thereby indirectly acquire Oak Bank, both of Chicago Illinois.
Newspaper: 03/25/2019
Federal Register: 04/03/2019
SOLON FINANCIAL, INC. CIC Notice by Jessica M. Becker, Eden Prairie, Minnesota; Cordelia A. Cosgrove, Cedar Rapids, Iowa; Amy C. Cox, Doylestown, Pennsylvania; Andrew J. Erusha, Sheridan, Wyoming; Angela C. Erusha, Solon, Iowa; Bruce A. Erusha, Cedar Rapids, Iowa; Daniel M. Erusha, Portland, Oregon; James R. Erusha, Cedar Rapids, Iowa; Julie A. Erusha Trust, Julie A. Erusha, Sheridan, Wyoming, as trustee; Kimberly S. Erusha, Basking Ridge, New Jersey; Michael D. Erusha Trust, Michael D. Erusha, Sheridan, Wyoming, as trustee; The Owen N. Erusha Trust, D. Neil Erusha, Solon, Iowa, as Trustee; Patricia M. Erusha, Solon, Iowa; Robert C. Erusha II, Ellisville, Missouri; Gary L. Fattig, Chelsea, Iowa; Kathryn M. Fattig, Chelsea, Iowa; Robert L. Fattig, Searsboro, Iowa; Vicky K. Garnsey, Eagle, Colorado; Anne E. Juelsgaard, West Des Moines, Iowa; Dolores M. Kaiden, Cedar Rapids, Iowa; Karlene M. Lindseth, Eden Prairie, Minnesota; Krista M. Lindseth, Eden Prairie, Minnesota; Michael J. Lindseth, Eden Prairie, Minnesota; Nicole M. Lindseth, Eden Prairie, Minnesota; Gail M. Scott, Cambridge, Iowa; and Carolyn M. Tinkham, Cedar Rapids, Iowa, to join the Erusha Family Control Group and retain control of 25 percent or more of Solon Financial, Inc. and thereby indirectly control Solon State Bank, both of Solon, Iowa.
Newspaper: Not available
Federal Register: 03/26/2019
WATERMAN ACQUISITION GROUP, LLC * 3A1 Waterman Acquisition Group, LLC, Wilmette, Illinois to become a bank holding company by acquiring 100 percent of Waterman State Bank, Waterman, Illinois.
Newspaper: Not available
Federal Register: 03/11/2019
WINTRUST FINANCIAL CORPORATION * 3A5
* 18C
* Branch
Wintrust Financial Corporation, Rosemont, Illinois to acquire 100 percent of Rush Oak Corporation and thereby indirectly acquire Oak Bank, both of Chicago Illinois. In addition, Wintrust Financial Corporation's subsidiary bank, Wintrust Bank, Chicago, Illinois to merge with Oak Bank, Chicago, Illinois. As a result of the merger, Oak Bank office will become a branch of Wintrust Bank.
Newspaper: Not available
Federal Register: 04/15/2019


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     Quarter of

Institution Location Quarter
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