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 26, 2022
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| FIDELITY FEDERAL BANCORP | * 3A1 * Thrift Going Concern * Unitary Formation | Fidelity Federal Bancorp, Evansville, Indiana (Fidelity), and its parent companies Pedcor Financial, LLC (PFIN) and Pedcor Financial Bancorp (PFB), both of Carmel, Indiana (collectively, the Applicants), savings and loan holding companies, to become bank holding companies for a moment in time by acquiring Rockhold Bancorp (Target) and thereby indirectly acquiring Bank of Kirksville (Target Bank), both of Kirksville, Missouri. In connection with this application, Applicants to retain ownership of United Fidelity Bank, F.S.B., Evansville, Indiana (Applicant Bank), a savings association, for the moment in time that they are bank holding companies and thereby engage in operating a savings association. Finally, Applicants to become savings and loan holding companies following the merger of Target with and into Fidelity, and Target Bank with and into Applicant Bank. | Not available | Not available |
| FISHER BANCORP, INC. | * 3A5 | Fisher Bancorp Inc. Fisher, Illinois to merge with Butler Point Inc and indirectly acquire Catlin Bank, both of Catlin, Illinois. | Not available | Not available |
| 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 |
| 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 |
* 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 |
|---|---|---|---|---|---|
| CBI B&TC, MUSCATINE, IOWA | 830542 | 11/14/2022 | 07/18/2022 | S | Int Small Bank |
| 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 First Quarter of 2023 (January 1, 2023 - March 31, 2023) and Second Quarter of 2023 (April 1, 2023 - June 30, 2023)
| Institution | Location | Quarter |
|---|---|---|
| ALLY BK | SANDY, UTAH | First Quarter of 2023 |
| IOWA ST B&TC | FAIRFIELD, IOWA | First Quarter of 2023 |
| VISIONBANK OF IA | AMES, IOWA | First Quarter of 2023 |
| FIRST IA ST BK | ALBIA, IOWA | Second Quarter of 2023 |
| GUARANTY BK | SPRINGFIELD, MISSOURI | Second Quarter of 2023 |
| JOHNSON BK | RACINE, WISCONSIN | Second Quarter of 2023 |
| LAKE CITY BK | WARSAW, INDIANA | Second Quarter of 2023 |