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 November 8, 2008

Filer Filing Type Filing Proposal End of Comment Period
CENTRAL BANCSHARES, INC. CIC Notice by Carrie A. Zorich, Muscatine, Iowa; Daniel P. Stein, Muscatine, Iowa; Timothy J. Stein, Madison, Wisconsin, Individually and as co-trustees of the Inter Vivos Stock Trust of Simon G. Stein IV and the James Philip Stein Trust No. 1, to gain control of Central Bancshares, Inc., Muscatine,Iowa, and thereby indirectly Central State Bank, Muscatine, Iowa; Farmers and Merchants Bank, Galesburg, Illinois; Freedom Security Bank, Coralville, Iowa; and West Chester Savings Bank, Washington, Iowa.
Newspaper: 11/21/2008
Federal Register: 11/21/2008
CITY STATE BANK * 18C
* Branch
City State Bank, Odgen, Iowa, to merge with Ames Community Bank, Ames, Iowa, and Community Bank of Boone, Boone, Iowa. As a result of these mergers, all offices of Ames Community Bank and Community Bank of Boone will become offices of City State Bank.
Newspaper: Not available
Federal Register: Not applicable
COMMUNITY HOLDINGS CORPORATION CIC Notice by Spiro P. Argiris, Burr Ridge, Illinois, individually and as part of a group acting in concert with Theodore P. Argiris, Palos Park, Illinois, Cathy Argiris, Palos Park, Illinois, and Carpetcrafters, Inc., Alsip, Illinois, to acquire control of Community Holdings Corporation, Palos Hills, Illinois, and thereby indirectly control Family Bank and Trust Company, Palos Hills, Illinois.
Newspaper: 11/06/2008
Federal Register: 11/04/2008
FIRST COMMUNITY FINANCIAL PARTNERS, INC. * 3A3 First Community Financial Partners, Inc., Joliet, Illinois, to acquire at least 50.1 percent of the voting shares of Burr Ridge Bank and Trust (in organization), Burr Ridge, Illinois.
Newspaper: Not available
Federal Register: 12/04/2008
GOLDEN EAGLE BANCORP, INC. 4c8
* 3A1
Golden Eagle Bancorp, Inc., Woodstock, Illinois, to become a bank holding company by acquiring 100 percent of the voting shares of Golden Eagle Community Bank, Woodstock, Illinois, and thereby to engage in extending credit and servicing loans.
Newspaper: Not available
Federal Register: 12/04/2008
IRWIN FINANCIAL CORPORATION CIC Notice by Cummins Inc., Columbus, Indiana, to acquire 10 percent or more of the voting shares of Irwin Financial Corporation, Columbus, Indiana, and thereby indirectly acquire Irwin Union Bank & Trust Company, Columbus, Indiana and Irwin Union Bank, F.S.B., Columbus, Indiana.
Newspaper: 11/10/2008
Federal Register: 11/19/2008
PARAMOUNT BANK * 18C
* Branch
Paramount Bank, Farmington Hills, Michigan, to merge with Paramount Bank, Las Vegas, Nevada, and thereby to establish a branch at 7795 West Sahara Avenue, Las Vegas, Nevada.
Newspaper: Not available
Federal Register: Not applicable
PEOPLES BANCORP, INC. * 3A3 Peoples Bancorp, Inc., Prairie du Chien, Wisconsin, to acquire 100 percent of the voting shares of Security State Bank, Guttenberg, Iowa.
Newspaper: Not available
Federal Register: 11/28/2008
WHITE RIVER CAPITAL, INC. * 3A1 White River Capital, Inc., Indianapolis, Indiana, to become a bank holding company by acquiring 100 percent of the voting shares of First Chicago Bancorp, Itasca, Illinois, and thereby indirectly acquire First Chicago Bank & Trust, Itasca, Illinois.
Newspaper: Not available
Federal Register: 11/28/2008


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
CENTRUE BK, STREATOR, ILLINOIS 457547 05/05/2008 10/24/2008 S Large Bank
FIRST BK OF BERNE, BERNE, INDIANA 312244 06/16/2008 10/10/2008 S Int Sm 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