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 April 15, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| A. M. SAYLOR, INCORPORATED | Change in Bank Control | David Oren Nelson Living Trust dated January 28, 2022, Memphis, Tennessee, David Oren Nelson, Somerville, Tennessee, as trustee, to acquire voting shares of A.M. Saylor, Incorporated, and thereby indirectly control First Hampton Bank, both of Hampton, Iowa. | Not available | 04/26/2023 |
| ALLY BANK | Public Welfare Investment | Ally Bank, Sandy, Utah, for prior approval to make up to a public welfare investment pursuant to section 208.22(b) of Regulation H. | Not applicable | Not applicable |
| ALLY BANK | Public Welfare Investment | Ally Bank, Sandy, Utah, for prior approval to make a public welfare investment, pursuant to section 208.22(b) of Regulation H. | Not applicable | Not applicable |
| ALLY BANK | Public Welfare Investment | Ally Bank, Sandy, Utah, for prior approval to make a public welfare investment in, pursuant to section 208.22(b) of Regulation H. | Not applicable | Not applicable |
| FIRST MID BANCSHARES, INC. | * 3A1 * 3A5 | First Mid Bancshares Inc., Mattoon, Illinois to acquire Blackhawk Bancorp Inc., and thereby indirectly acquire Blackhawk Bank, both of Beloit, Wisconsin. In addition, Eagle Sub, LLC, Mattoon, Illinois, an interim subsidiary, to merge with Blackhawk Bancorp Inc., whereby Eagle Sub LLC will be the surviving entity and a wholly-owned subsidiary of First Mid Bancshares, Inc. for a moment in time. Following the interim holding company merger, Eagle Sub LLC will be merged with and into First Mid Bancshares, Inc., with First Mid Bancshares, Inc. being the surviving entity. | Not available | 05/19/2023 |
| GRINNELL BANCSHARES, INC. | * 3A3 | Grinnell Bancshares, Inc., Grinnell, Iowa, to acquire The Colorado Bank & Trust Company of La Junta, La Junta, Colorado. | Not available | 05/05/2023 |
| LONGVIEW CAPITAL CORPORATION | Waiver Fin Sub | Longview Capital Corporation, Newman, Illinois, requests a waiver from filing a section 3 application pursuant to section 225.12(d)(2) of Regulation Y to acquire Bank of Chestnut, Chestnut, Illinois | Not applicable | Not applicable |
| SAVANNA-THOMSON INVESTMENT, INC. | Change in Bank Control | Notice by The First National Bank in Sioux Falls, Sioux Falls, South Dakota, as trustee of the Kehl Family 2009 Trust, Sioux Falls, South Dakota, the Ruth A. Kehl Grandchildrens' Trust Dated November 5, 1997, Sioux Falls, South Dakota, the Ruth A. Kehl Grandchildrens' Trust FBO Cody J. Kehl Dated November 5, 1997, Sioux Falls, South Dakota, the Ruth A. Kehl Grandchildrens' Trust FBO Jacob R. Winter Dated November 5, 1997, Sioux Falls, South Dakota, and the Ruth A. Kehl Grandchildrens' Trust FBO Tanner C. Kehl Dated November 5, 1997, Sioux Falls, South Dakota; Kevin A. Kehl, Dubuque, Iowa, as trustee of the Kevin A. Kehl Trust May 15, 2017, Dubuque, Iowa; and Krystina L. Moore, Tiffin, Iowa, as a group acting in concert, to join the Kehl Family Control Group to acquire voting shares of Savanna-Thomson Investment, Inc., Savanna, Illinois, and thereby indirectly acquire voting shares of Savanna-Thomson Bank, Thomas, Illinois. Additionally, Daniel J. Kehl, Solon, Iowa, to join the Kehl Family Control Group, to retain voting shares of Savanna-Thomson Investment, Inc., and thereby indirectly acquire voting shares of Savanna-Thomson State Bank. | Not available | 04/17/2023 |
| SERVBANC HOLDCO, INC. | Change in Bank Control | Notice by Stavros Papastavrou and Sofia Elizabeth Papastavrou, as co-trustees of the Jennifer Papastavrou 2023 Trust F/B/O Stavros Papastavrou, and Jennifer Papastavrou and Nicole Katerina Papastavrou, as co-trustees of the Stavros Papastavrou 2023 Trust F/B/O Jennifer Papastavrou, all of Old Westbury, New York, to join Stavros Papastavrou, thereby creating a group acting in concert, and acquire control of ServBanc Holdco, Inc., Phoenix, Arizona, and thereby indirectly acquire control of Allied First Bank, Oswego, Illinois. | Not available | 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 |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||
Last Update: April 20, 2023