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 January 6, 2007

Filer Filing Type Filing Proposal End of Comment Period
CAPITOL BANCORP LTD. * 3A3 Capitol Bancorp, Ltd., Lansing, Michigan and Capitol Development Bancorp Limited VI, Lansing, Michigan, to acquire 51 percent of the voting shares of Sunrise Community Bank (in organization), Palm Desert, California.
Newspaper: Not available
Federal Register: 02/02/2007
GRANT COUNTY STATE BANCSHARES, INC, EMPLOYEES STOCK OWNERSHIP PLAN * 3A3 Grant County State Bancshares, Inc. Employee Stock Ownership Plan, Swayzee, Indiana, to increase its ownership to 42 percent of the outstanding voting shares of Grant County State Bancshares, Inc., Swayzee, Indiana, as a result of a stock redemption, and thereby increase its indirect ownership of Grant County State Bank, Swayzee, Indiana.
Newspaper: 01/31/2007
Federal Register: Not available
LOTUS BANCORP, INC. * 3A1 Lotus Bancorp, Inc., Novi, Michigan, to become a bank holding company by acquiring 100 percent of the voting shares of Lotus Bank (in organization), Novi, Michigan.
Newspaper: 01/27/2007
Federal Register: 01/26/2007
MARSHALL & ILSLEY CORPORATION * 3A5 Marshall & Ilsley Corporation, Milwaukee, Wisconsin, to acquire 100 percent of the outstanding capital stock of United Heritage Bankshares of Florida, Inc., Orlando, Florida, and thereby indirectly acquire United Heritage Bank, Orlando, Florida.
Newspaper: 01/15/2007
Federal Register: 01/22/2007
MILLENNIUM BANCORP, INC. * 3A1 Millennium Bancorp, Inc., Morton Grove, Illinois, to become a bank holding company by acquiring 100 percent of the voting shares of Millennium Bank (in organization), Des Plaines, Illinois.
Newspaper: Not available
Federal Register: 02/02/2007
PREMIER BANK * Branch Premier Bank, Dubuque, Iowa, to establish a bank-owned courier service that will serve Dubuque County in Iowa.
Newspaper: 01/06/2007
Federal Register: Not applicable
STAR FINANCIAL GROUP, INC. CIC Notification by Thomas M. Marcuccilli and James C. Marcuccilli, both of Fort Wayne, Indiana and their immediate families to retain control of 18.5 percent of the outstanding shares of STAR Financial Group, Inc., Fort Wayne, Indiana, and indirectly STAR Financial Bank, Fort Wayne, Indiana.
Newspaper: Not available
Federal Register: 01/05/2007
STATE CENTER FINANCIAL, INC. 4c8 State Center Financial, Inc., State Center, Iowa, to engage in extending credit and servicing loans, pursuant to Section 225.28(b)(1) of Regulation Y.
Newspaper: Not applicable
Federal Register: Not available


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
FARMERS ST BK OF WAUPACA, WAUPACA, WISCONSIN 879747 10/02/2006 01/04/2007 S Small Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

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