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 December 10, 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 | 01/04/2023 |
| FISHER BANCORP, INC. | * 3A5 | Fisher Bancorp Inc. Fisher, Illinois to merge with Butler Point Inc and indirectly acquire Catlin Bank, both of Catlin, Illinois. | 01/06/2023 | 01/04/2023 |
| PIPER HOLDINGS, INC. | Change in Bank Control | Jessica White, Covington, Indiana; Sue Ellen White, Covington, Indiana; Masakazu Miyagi, Covington, Indiana; Thomas Benjamin Loda, Danska 3, Olomouc 77200, Czech Republic; and the Kip White Irrevocable Family Trust For Stock of Piper Holdings, Inc., Campbell White, as trustee, and Lucas White, as trustee, both of Covington, Indiana to join the White Family Control Group, a group acting in concert, to retain voting shares of Piper Holdings Inc., and thereby indirectly retain voting shares of The Fountain Trust Company, both of Covington, Indiana. | 12/24/2022 | 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 Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||