Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received

District 7: Federal Reserve Bank of Chicago PDF

Filings received during the week ending November 19, 2022

Filer Filing Type Filing Proposal End of Comment Period
Newspaper Federal Register
Capra Financial, Inc. * 3A1 Capra Financial Inc., Montezuma, Iowa to become a bank holding company by acquiring Peoples Savings Bank, Montezuma, Iowa. 11/13/2022 11/21/2022
FIRST EQUITY CORP. Listed DeNovo Notice to engage in de novo in permitted non-bank activities. Not applicable Not applicable
FSB FINANCIAL SERVICES, INC. * 3A3 FSB Financial Services, Inc., Waterloo, Iowa to acquire voting shares of Scenic Community Bancshares Corporation and thereby indirectly acquire voting shares of Iowa Falls State Bank, both of Iowa Falls, Iowa. 12/15/2022 12/15/2022
HALBUR BANCSHARES, INC. Change in Bank Control Matthew N. Lujano, Carroll, Iowa, to acquire 10 percent or more of the voting shares of Halbur Bancshares, Inc., Westside, Iowa; Maureen Beck, Carroll, Iowa, to join the White Family Control Group, acting in concert with and joining Matthew N. Lujano, Carroll, Iowa; James J. White and Margaret A. White, both of Westside, Iowa, and thereby retain control of 25 percent or more of the voting shares of Halbur; and Jeffrey Renner, Bellevue, Nebraska, to join the Dennis Family Control Group, acting in concert with and joining Susan J. Dennis, Bellevue, Nebraska, and Sandra J. Hartman, Falls City, Nebraska, to retain control of 25 percent or more of the voting shares of Halbur, and thereby indirectly acquire voting shares of Westside State Bank, Westside, Iowa. Not available 12/02/2022
MORNING SUN BANK CORP. Change in Bank Control Elizabeth J.C. Brennan, West Des Moines, Iowa to become the largest individual shareholder and join the Brennan Family control group, a group acting in concert, and to acquire voting shares of Morning Sun Bank Corp. and thereby indirectly acquire voting shares of Bank, both of Wapello, Iowa. 11/30/2022 11/29/2022
SAVANNA-THOMSON INVESTMENT, INC. * 3A5 Savanna-Thomson Investment, Inc., Savanna, Illinois to merge with Maximum Bancshares, Inc. and thereby indirectly acquire Fidelity Bank, both of West Des Moines, Iowa. 12/19/2022 Not available
Scenic Community Bancshares Corporation * 3A1 Scenic Community Bancshares Corporation, Iowa Falls, Iowa to become a bank holding company by acquiring Iowa Falls State Bank, Iowa Falls, Iowa. 11/15/2022 12/15/2022

* Subject to the provisions of the Community Reinvestment Act

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 BK OF BERNE, BERNE, INDIANA 312244 05/07/2022 01/31/2022 S Int Small Bank
FIRST ST BK, EASTPOINTE, MICHIGAN 113740 09/12/2022 03/14/2022 S Int Small Bank
TOWN & CNTRY BK, SPRINGFIELD, ILLINOIS 590248 02/13/2022 09/27/2021 O Int Small Bank
CRA Examinations scheduled for    Quarter of
Institution Location Quarter
NONE
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Last Update: November 25, 2022