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 August 9, 2008

Filer Filing Type Filing Proposal End of Comment Period
BOSP BANCSHARES, INC. * 3A1 BOSP Bancshares, Inc., Sun Prairie, Wisconsin, to become a bank holding company by acquiring 100 percent of the voting shares of Bank of Sun Prairie, Sun Prairie, Wisconsin.
Newspaper: 08/27/2008
Federal Register: 08/28/2008
CITIZENS BANK * Branch Citizens Bank, Flint, Michigan, to establish a branch facility to be located at 4834 Richmond Road, Warrenville Heights, Ohio.
Newspaper: 08/03/2008
Federal Register: Not applicable
FIRST COMMUNITY FINANCIAL PARTNERS, INC. * 3A3 First Community Financial Partners, Inc., Joliet, Illinois, to acquire at least 57.8 percent of the voting shares of First Community Bank of Plainfield (in organization), Plainfield, Illinois.
Newspaper: 08/31/2008
Federal Register: 09/02/2008
HOMETOWN COMMUNITY BANCORP, INC. * 3A5
* 18C
* Branch
Hometown Community Bancorp, Inc., Morton, Illinois and Hometown Community Bancorp Employee Stock Ownership Plan and Trust, Morton, Illinois, to merge with Alpha Financial Group, Inc., Toluca, Illinois and Alpha Financial Group, Inc. Employee Stock Ownership Plan, Toluca, Illinois, and thereby indirectly acquire Alpha Community Bank, Toluca, Illinois, and the related application by Morton Community Bank, Morton, Illinois, to merge with Alpha Community Bank, Toluca, Illinois, and thereby to establish 4 branches.
Newspaper: 08/08/2008
Federal Register: 08/08/2008


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
CORRIDOR ST BK, CORALVILLE, IOWA 3394670 03/31/2008 07/14/2008 S Small Bank
FIFTH THIRD BK, GRAND RAPIDS, MICHIGAN 913940 07/09/2007 07/16/2008 S Large Bank
FIRST T&SB WATSEKA, WATSEKA, ILLINOIS 193649 04/07/2008 07/31/2008 S Small Bank
LAKE CITY BK, WARSAW, INDIANA 874845 09/24/2007 07/28/2008 NI Large Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

* Subject to the provisions of the Community Reinvestment Act

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