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 November 23, 2019

Filer Filing Type Filing Proposal End of Comment Period
BEDFORD BANCORP, INC. CIC Notice by Jay Courtney Hammond, Omaha, Nebraska; Logan Lucile Hammond, Nebraska City, Nebraska; and Tad D. Hammond, Nebraska City, Nebraska, as custodian for two minors under the Iowa Uniform Transfers to Minors Act, to acquire shares of Bedford Bancorp, Inc., Bedford, Iowa, and acting in concert with Tad D. Hammond, Nebraska City, Nebraska, to form the Hammond Family Control Group and thereby retain control of 25 percent or more of Bedford Bancorp, Inc., Bedford, Iowa, and thereby indirectly control State Savings Bank, Creston, Iowa.
Newspaper: Not available
Federal Register: 11/21/2019
BOSSHARD FINANCIAL GROUP, INC. CIC Notification by Andrew R. Bosshard, as trustee of the Alexandra Tana Bosshard Irrevocable Trust of 2018, the Lindsey Bosshard Irrevocable Trust of 2018, and the Nathan Bosshard-Blackey Irrevocable Bank Trust, LaCrosse, Wisconsin; The Alexandra Tana Bosshard Irrevocable Trust of 2018, LaCrosse, Wisconsin; The Lindsey Bosshard Irrevocable Trust of 2018, LaCrosse, Wisconsin; and the Nathan Bosshard-Blackey Irrevocable Bank Trust, LaCrosse, Wisconsin to acquire 10 percent or more of the shares of Bosshard Financial Group, Inc., La Crosse, Wisconsin, and join the Bosshard Family Group approved in May 2018 which controls 25 percent or more of the shares Bosshard Financial Group, Inc. and thereby indirectly control Oregon Community Bank of Oregon, Wisconsin, and Farmers State Bank of Hillsboro, Wisconsin.
Newspaper: Not available
Federal Register: 10/24/2019
BOSSHARD FINANCIAL GROUP, INC. * 3A5 Bosshard Financial Group, Inc., La Crosse, Wisconsin, to merge with Northern Bankshares, Inc., McFarland, Wisconsin, and thereby indirectly acquire McFarland State Bank, McFarland, Wisconsin.
Newspaper: Not available
Federal Register: Not available
BURLING BANCORP, INC. 4c8 Burling Bancorp, Inc,. Chicago, Illinois to retain 100 percent ownership of Burling Wealth Management Inc., Chicago, Illinois and thereby engage in the nonbanking activity of making and servicing loans pursuant to section 225.28(b)(2) of Regulation Y and to retain ownership of Burling Ventures Inc, Chicago, Illinois and thereby engage in the nonbanking activity of investment advisory services pursuant to section 225.28(b)(6) of Regulation Y.
Newspaper: Not applicable
Federal Register: 12/16/2019
EATON FEDERAL MUTUAL HOLDING COMPANY * MHC Formation
* MHC Mid-Tier Formation
Eaton Federal Mutual Holding Company, to become a mutual savings and loan holding company, and Eaton Federal Stock Holding Company, to become a mid-tier stock savings and loan holding company, by acquiring 100 percent of Eaton Federal Savings Bank, all of Charlotte, Michigan, in connection with the thrift's conversion from mutual to stock form.
Newspaper: Not available
Federal Register: Not available
GREENE INVESTMENT CO. * 3A5 Greene Investment Company, Jefferson, Iowa, to merge with Perry Investment Company, Perry, Iowa, and indirectly acquire Raccoon Valley Bank, Perry, Iowa.
Newspaper: 12/09/2019
Federal Register: 12/05/2019
OREGON COMMUNITY BANK * 18C
* Branch
Oregon Community Bank, Oregon, Wisconsin to merge with McFarland State Bank, McFarland, Wisconsin and thereby establish branches at the main office and branch locations at the following locations 5990 Highway 51, McFarland, Wisconsin, 53558, 8215 Greenway Boulevard, Middleton, Wisconsin, 53562, 205 East Washington Street, Stoughton, Wisconsin, 53589, and 2401 Jackson Street, Stoughton, Wisconsin, 53589.
Newspaper: Not available
Federal Register: Not applicable
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


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 First Quarter of 2020 (January 1, 2020 - March 31, 2020) and Second Quarter of 2020 (April 1, 2020 - June 30, 2020)

Institution Location Quarter
ALLY BK SANDY, UTAHFirst Quarter of 2020
BANK IA WEST DES MOINES, IOWAFirst Quarter of 2020
BANK MIDWEST SPIRIT LAKE, IOWAFirst Quarter of 2020
BARABOO ST BK BARABOO, WISCONSINFirst Quarter of 2020
CITIZENS FIRST ST BK OF WALNUT WALNUT, ILLINOISFirst Quarter of 2020
COMMUNITY ST BK AVILLA, INDIANAFirst Quarter of 2020
DEMOTTE ST BK DEMOTTE, INDIANAFirst Quarter of 2020
FARMERS AND MECHANICS BK GALESBURG, ILLINOISFirst Quarter of 2020
SPRINGFIELD FIRST CMNTY BK SPRINGFIELD, MISSOURIFirst Quarter of 2020
FARMERS & MRCH SVG BK MANCHESTER, IOWASecond Quarter of 2020
FARMERS T&SB BUFFALO CENTER, IOWASecond Quarter of 2020
GLENWOOD ST BK GLENWOOD, IOWASecond Quarter of 2020
ISABELLA BK MOUNT PLEASANT, MICHIGANSecond Quarter of 2020
MARQUETTE BK CHICAGO, ILLINOISSecond Quarter of 2020
PACIFIC GLOBAL BK CHICAGO, ILLINOISSecond Quarter of 2020
ST CHARLES B&TC SAINT CHARLES, ILLINOISSecond Quarter of 2020
THUMB B&TC PIGEON, MICHIGANSecond Quarter of 2020

* 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