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 10, 2021

Filer Filing Type Filing Proposal End of Comment Period
ALLY BANK PWI Ally Bank, Sandy, Utah, for prior approval to make up to a $15 million public welfare investment.
Newspaper: Not applicable
Federal Register: Not applicable
ALLY BANK PWI Ally Bank, Sandy, Utah, for prior approval to make up to a $15 million public welfare investment.
Newspaper: Not applicable
Federal Register: Not applicable
ALLY BANK PWI Ally Bank, Sandy, Utah, for prior approval to make up to a $15 million public welfare investment.
Newspaper: Not applicable
Federal Register: Not applicable
COMMUNITY FIRST BANK * 18C
* Branch
Community First Bank, Boscobel, Wisconsin, to purchase certain assets and assume certain liabilities of Wisconsin Bank & Trust, Madison Wisconsin. In connection with the purchase and assumption, Community First Bank will establish a branch office at 305 South Madison Street, Lancaster, Wisconsin.
Newspaper: 04/29/2021
Federal Register: Not applicable
F.N.B.C. OF LA GRANGE, INC. CIC Notice by John R. Madden individually and as trustee of the Lenore Madden Family Trust, Lenore Madden Marital Trust, and John R. Madden Revocable Trust; acting in concert with Mary Hayes, as trustee of the John R. Madden Trust FBO Grace H. Hayes, John R. Madden Trust FBO Lenore M. Hayes, and John R. Madden Trust FBO Molly M. Hayes; Edward J. Madden, as trustee of the Edward J. Madden Declaration of Trust and John R. Madden Trust FBO Declan Madden, John R. Madden Trust FBO Ryan Rose Madden, John R. Madden Trust FBO James B. Madden, and John R. Madden Trust FBO Kean R. Madden; Lenore M. McCarter, as trustee of the Lenore M. McCarter Trust, John R. Madden Trust FBO Edward McCarter, John R. Madden Trust FBO Anne L. McCarter, and John R. Madden Trust FBO Francis M. McCarter; John J. Madden, as trustee of the John R. Madden Trust FBO John Rodgers Madden, John R. Madden Trust FBO Kevin J. Madden, John R. Madden Trust FBO Clare E. Madden, and John R. Madden Trust FBO Nora C. Madden; Catherine J. Madden; Martin P. Madden as trustee of the Martin P. Madden Trust and John R. Madden Trust FBO Joseph Madden, John R. Madden Trust FBO Elizabeth Madden, and John R. Madden Trust FBO Sarah Madden, together as a group acting in concert, to join the Madden Family Control Group and retain control of 25 percent or more of FNBC of LaGrange, and thereby indirectly control FNBC Bank and Trust, both of LaGrange, Illinois.
Newspaper: Not available
Federal Register: Not available
F.N.B.C. OF LA GRANGE, INC. CIC Notice by Suzanne Rooney, Michael Rooney, and Therese Rooney together, as a group acting in concert, to join Phillip Rooney to form the Rooney Family Control Group and to retain control of 10 percent or more of FNBC of LaGrange and thereby indirectly control FNBC Bank and Trust, both of LaGrange, Illinois.
Newspaper: Not available
Federal Register: Not available
FIRST LACON CORP. CIC Notice by the Norman L. Nelson Revocable Trust, Norman L. Nelson trustee; and the Diane P. Nelson Bank Stock Trust, Diane P. Nelson trustee, all of East Peoria, Illinois, to join the Nelson Family Control Group, a group acting in concert, and retain 25 percent or more of the voting shares of First Lacon Corporation, and thereby indirectly control First National Bank of Lacon, both of Lacon, Illinois.
Newspaper: Not available
Federal Register: 04/13/2021
IOWA STATE BANK HOLDING COMPANY CIC The John C. Burgeson Residuary Trust fbo Lauren Burgeson, the John C. Burgeson Residuary Trust fbo J. Christopher Burgeson, Lauren L. Burgeson, and J. Christopher Burgeson, as trustees of the trusts, all of Des Moines, Iowa; Larry R. Cobb, Waukee, Iowa; Sonia S. Nicholson, Altoona, Iowa; and Gary W. Thies, Mapleton, Iowa, all as trustees of the aforementioned trusts; as a group acting in concert, to acquire voting shares of Iowa State Bank Holding Company, and thereby indirectly acquire voting shares of Iowa State Bank, both of Des Moines, Iowa.
Newspaper: Not available
Federal Register: 03/17/2021
KEYSTONE COMMUNITY BANCORPORATION CIC Donald L. Franzenburg Bank Stock Revocable Trust Agreement, Donald L. Franzenburg, as trustee, both of Keystone, Iowa, to retain voting shares of Keystone Community Bancorporation and thereby indirectly retain voting shares of Keystone Savings Bank, both of Keystone, Iowa.
Newspaper: Not available
Federal Register: Not available
LUANA BANCORPORATION CIC Notice by Blake Schultz, Norwalk, Iowa, Sarah Freilinger, Monona, Iowa, and Stephanie Steele, Luana, Iowa, to become members of the Schultz Family Control Group, a group acting in concert, to retain voting shares of Luana Bancorporation, and thereby indirectly retain voting shares of Luana Savings Bank, both of Luana, Iowa.
Newspaper: Not available
Federal Register: 04/21/2021
NORTHERN TRUST COMPANY, THE PWI The Northern Trust Company, Chicago, Illinois, requesting prior approval to make an additional $4,979,242 million public welfare investment in NEF Florida Affordable Housing Fund LP, pursuant to section 9(23) of the Federal Reserve Act and section 208.22(b)(1)(iv)(A) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
SCHAUMBURG BANCSHARES, INC. CIC Notice by John R Madden, as trustee of the Lenore Madden Marital Trust and John R. Madden Revocable Trust; Kiera Kelly; and Mary Hayes, as a group acting in concert, to join the Madden Family Control Group and retain control of 10 percent or more of Schaumburg Bancshares and thereby indirectly control Heritage Bank of Schaumburg, both of Schaumburg, Illinois.
Newspaper: Not available
Federal Register: Not available
WOODTRUST FINANCIAL CORPORATION CIC Notice by Steven C. Bell as trustee of the Paula Bell 2009 Grantor Trust No. 1 FBO Rebecca L. Kettleson; the Paula Bell 2009 Grantor Trust No. 1 FBO Elizabeth Bell Killian; the Paula Bell 2009 Grantor Trust No. 1 FBO Margaret S. Bell; all of Wisconsin Rapids, Wisconsin; and Chad D. Kane as trustee of the Kane 2020 Investment Trust; Sarah L. Kane Investment Trust; Alison R. Kane Investment Trust; and the Jack C. Kane Investment Trust, all of Wausau, Wisconsin; to become members of the Bell Family Control Group, a group acting concert, by retaining voting shares of WoodTrust Financial Corporation and thereby retaining voting shares of WoodTrust Bank, both of Wisconsin Rapids, Wisconsin.
Newspaper: Not available
Federal Register: 04/09/2021


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