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 7, 2020

Filer Filing Type Filing Proposal End of Comment Period
BRICKYARD BANCORP, INC. CIC Notice by the Nathan & Shirley Rothner Family Trust II, Evanston, Illinois, Eric A. Rothner, Chicago, Illinois, trustee; and the Rachel Rothner Accumulation Trust II, the Melissa Rothner Accumulation Trust II, the William Rothner Accumulation Trust II, the Daniel Rothner Accumulation Trust II, the Adam Vales Accumulation Trust II, the Kimberly Vales Accumulation Trust II, and the Kathryn Vales Accumulation Trust II, all of Evanston, Illinois, Gale F. Rothner, Chicago, Illinois, and David M. Aronin, Skokie, Illinois, co-trustees; to join Eric A. Rothner and form the Rothner Family Control Group, a group acting in concert, and retain 100 percent of the voting shares of Brickyard Bancorp, Inc., and thereby indirectly control Brickyard Bank, both of Lincolnwood, Illinois.
Newspaper: 10/25/2020
Federal Register: 10/16/2020
FIRST MID BANCSHARES, INC. * 3A5 First Mid Bancshares Inc., Mattoon, Illinois to acquire 100 percent of LINCO Bancshares, Inc., and thereby indirectly acquire Providence Bank, both of Columbia, Missouri.
Newspaper: Not available
Federal Register: 12/14/2020
FIRST STATE BANK HOLDING COMPANY CIC Notice by CCG Trust, Pleasant Hill, Iowa, Curtis Gause, Pleasant Hill, Iowa, as trustee, and Stephen J. Barnhouse, Vero Beach, Florida, to join the Gause Family Control Group approved on August 3, 2012, and retain control of 25 percent or more of First State Bank Holding Company, and thereby indirectly control of First State Bank, both of Lynnville, Iowa.
Newspaper: Not available
Federal Register: Not available
FWB FINANCIAL, INC. * 3A1 FWB Financial Inc., Chicago, Illinois, to become a bank holding company through the acquisition of 100 percent of the voting stock of FW Bank, Chicago, Illinois, a de novo bank.
Newspaper: 11/07/2020
Federal Register: 11/12/2020
MILFORD BANCORPORATION CIC Notice by Marilyn L. Cravens Stock Trust, Sanborn, Iowa, Marilyn Lee Cravens, trustee, Spirit Lake, Iowa, to acquire control of over 25 percent of Milford Bancorporation, Milford, Iowa, and thereby indirectly control United Community Bank, Milford, Iowa.
Newspaper: 11/18/2020
Federal Register: 11/18/2020
PIONEER DEVELOPMENT COMPANY CIC Notice by The Theodore G. Saltzman Jr. Bank Trust, Dakota Dunes, South Dakota and Theodore Saltzman as Trustee, to retain 25 percent or more of the shares and thereby control of Pioneer Development Company, Sergeant Bluff, Iowa; The Sundae M. Haggerty Irrevocable Bank Trust Dakota Dunes, South Dakota, and Shennen S.C. Saltzman, as Trustee of the Sundae M. Haggerty Irrevocable Bank Trust, Dakota Dunes, South Dakota; The Shennen S.C. Saltzman Bank Trust, Dakota Dunes, South Dakota, and Shennen Saltzman, as Trustee of the Shennen S.C. Saltzman Bank Trust, Dakota Dunes, South Dakota, to acquire 25 percent or more of the shares and thereby control of Pioneer Development Company, Sergeant Bluff, Iowa; and The Shennen S.C. Saltzman Irrevocable Bank Trust South Sioux City, Nebraska, and Sundae Haggerty, as Trustee of the Shennen S.C. Saltzman Irrevocable Bank Trust, South Sioux City, Nebraska and The Sundae M. Haggerty Bank Trust, South Sioux City, Nebraska, and Sundae Haggerty, as Trustee of the Sundae M. Haggerty Bank Trust, South Sioux City, Nebraska, to acquire 25 percent or more of the shares and thereby control Pioneer Development Company, and indirectly control Pioneer Bank, both of Sergeant Bluff, Iowa, pursuant to the Change in Bank Control Act and section 225.41 of Regulation Y. The five trusts are deemed to be a group acting concert and will replace the Saltzman Family Control group approved on March 9, 2015.
Newspaper: 11/19/2020
Federal Register: 11/17/2020
RESOURCE BANCSHARES, INC. CIC Notice by the Richard J. Katz Trust No. 101, with Richard J. Katz as trustee both of Sycamore, Illinois; the Kathleen S. Katz Trust No. 102, with Kathleen S. Katz as trustee both of Sycamore, Illinois; Brian J. Katz, Tampa, Florida; Stephanie K. Korth, Sycamore, Illinois; Adam Katz, Sycamore, Illinois; the Richard J. Katz Irrevocable Trust, with Peter J. Wilder as trustee, both of Milwaukee, Wisconsin; and minor grandchildren to acquire and retain 25 percent or more control of the voting shares of Resource Bancshares, Inc. and thereby indirectly control Resource Bank, National Association, both of DeKalb, Illinois.
Newspaper: Not available
Federal Register: 10/28/2020
VEEDERSBURG BANK CORPORATION CIC Notice by David A. Songer, Veedersburg, Indiana, through joint ownership and as president of Songer Farms, Inc., Veedersburg, Indiana, individually, and together with Jahn S. Songer, Beverly D. Songer, and minor children, all of Veedersburg, Indiana; Tracy Songer Wright, Columbus, Indiana; Barbara L. Songer, Rotonda West, Florida; Suzanne N. Kunkle and Aaron H. Kunkle, both of Indianapolis, Indiana; and Marci S. Roark, Navarre, Florida, to join Stephen A. Songer, Veedersburg, Indiana, and form the Songer Family Control Group, a group acting in concert to retain 25 percent or more of the voting shares of Veedersburg Bank Corporation, and thereby indirectly control CentreBank, both of Veedersburg, Indiana.
Newspaper: Not available
Federal Register: 11/17/2020


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
FARMERS & MRCH SVG BK, MANCHESTER, IOWA 863746 07/27/2020 11/01/2020 S Int Small Bank


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