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 September 17, 2022

Filer Filing Type Filing Proposal End of Comment Period
ALLY BANK PWI Ally Bank, Sandy, Utah, for prior approval to make up to a $20 million public welfare investment in Enterprise Housing Partners XXXIX Limited Partnership, pursuant to section 208.22(b) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
AMALGAMATED INVESTMENTS COMPANY CIC The Debra Wrobel Trust, Glencoe, Illinois, Debra Wrobel, Glencoe, Illinois, individually and as Trustee to acquire voting shares of Amalgamated Investments Company, Chicago, Illinois, and thereby indirectly acquire voting shares of Amalgamated Bank Chicago, Chicago, Illinois, and The Voting Trust Agreement, Chicago, Illinois, Robert Wrobel, Highland Park, Illinois as Trustee; to become a member of the Wrobel Family Group, as a group acting in concert, to acquire voting shares of Amalgamated Investments Company, Chicago, Illinois, and thereby indirectly acquire voting shares of Amalgamated Bank Chicago, Chicago, Illinois.
Newspaper: Not available
Federal Register: Not available
DELHI BANCSHARES, INC. CIC Justin B. Danover, San Jose, California; Jeremy A. Danover, Los Angeles, California; Jacquelyn N. Danover, Marion, Iowa; Catheryn J. Cooper, Marion, Iowa; Cole D. Cooper, Denver, Colorado; Carli L. Cooper, Marion, Iowa; Anne E. Gothard, Scottsdale, Arizona; Hallie S. Cooper, Cedar Rapids, Iowa; Bennett C. Cooper, Cedar Rapids, Iowa; Riley J. Cooper, Batavia, Illinois; Tyler N. Cooper, Batavia, Illinois; and a minor shareholder, to join the Cooper Family Control Group, a group acting in concert, to retain voting shares of Delhi Bancshares, Inc., and thereby indirectly retain voting shares of Heritage Bank, both of Marion, Iowa.
Newspaper: Not available
Federal Register: 10/05/2022
MARENGO BANCSHARES, INC. CIC John C. Cunat, individually and as trustee of the John C. Cunat Revocable Trust; and Brian G. Cunat, all of McHenry, Illinois; and Rondi Cunat-Hauser and Bryan Hauser, both of Marco Island, Florida, to form the Cunat Family Control Group, a group acting in concert, to retain voting shares of Marengo Bancshares, Inc., and thereby indirectly retain voting shares of Prairie Community Bank, both of Marengo, Illinois.
Newspaper: 09/30/2022
Federal Register: 09/26/2022
NATIONAL BANCORP HOLDINGS, INC. CIC Bernard Bennett Banks, Evanston, Illinois, trustee of Voting Trust Agreement, Miami, Florida to acquire control of the voting shares of National Bancorp Holdings, Inc., Chicago, Illinois and thereby indirectly acquire voting shares of The Federal Savings Bank, Chicago, Illinois.
Newspaper: Not available
Federal Register: 09/29/2022
VISIONBANK OF IOWA * 18C
* Branch
VisionBank of Iowa, Ames, Iowa, to merge with Legacy Bank, Altoona, Iowa. As a result of the merger, VisionBank of Iowa, Ames, Iowa, will establish branches at: 502 8th Street SW. Altoona, Iowa; 1201 Grant Street S, Bondurant, Iowa; 12901 University Avenue, Clive, Iowa; and 215 Center Avenue S, Mitchellville, Iowa.
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
FIRST ST BK, EASTPOINTE, MICHIGAN 113740 03/14/2022 09/12/2022 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