Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 7
Federal Reserve Bank of: Chicago

Filings received during the week ending May 17, 2008

Filer

Filing Type

Filing Proposal

End of Comment Period

IBT BANCORP, INC.

* 3A3

IBT Bancorp, Inc., Mt. Pleasant, Michigan, to retain 5.9 percent of the voting shares of Valley Financial Group, Ltd., Saginaw, Michigan, and thereby indirectly retain shares of 1st State Bank, Saginaw, Michigan.

Newspaper:	Not available
Federal Register:	06/02/2008

LAKE SHORE WISCONSIN CORPORATION

* 3A1

Lake Shore Wisconsin Corporation, Sheboygan, Wisconsin, to become a bank holding company by acquiring 100 percent of the voting shares of Lake Shore Bank (in organization), Sheboygan, Wisconsin.

Newspaper:	Not available
Federal Register:	05/22/2008

LIBERTY FINANCIAL SERVICES, INC.

* 3A3

Liberty Financial Services, Inc., Sioux City, Iowa, to acquire 100 percent of the voting shares of Valley Bank N.A., Elk Point, South Dakota.

Newspaper:	05/15/2008
Federal Register:	05/26/2008

LIBERTY FINANCIAL SERVICES, INC.

CIC

Notice by Mark R. Peterson, Dakota Dunes, South Dakota, to gain control of Liberty Financial Services, Inc., Sioux City, Iowa, and thereby indirectly Liberty National Bank, Sioux City, Iowa.

Newspaper:	Not available
Federal Register:	05/30/2008

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
NONE

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 7 Federal Reserve Bank of: Chicago

Filings received during the week ending May 17, 2008

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 7
Federal Reserve Bank of: Chicago