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 21, 2009

Filer Filing Type Filing Proposal End of Comment Period
DIAMOND BANCORP, INC. * 4c8
* 3A1
Diamond Bancorp, Inc., Chicago, Illinois, to become a bank holding company by acquiring 100 percent of the voting shares of DG Bancorp, Inc., Downers Grove, Illinois, and thereby indirectly acquire Downers Grove Natonal Bank, Downers Grove, Illinois, and, upon becoming a bank holding company, to continue to control 100 percent of the voting shares of Diamond Bank FSB, Schaumburg, Illinois, and thereby operate a savings association.
Newspaper: Not available
Federal Register: 12/18/2009
EB FINANCIAL GROUP, INC. * 3A1 EB Financial Group, Inc., Hinsdale, Illinois, become a bank holding company by acquiring 100 percent of the voting shares of Baytree National Bank & Trust Company, Lake Forest, Illinois.
Newspaper: 12/10/2009
Federal Register: 12/04/2009
MACATAWA BANK CORPORATION CIC Notice by White Bay Capital LLLP, Grand Rapids, Michigan, the Stephen A. Van Andel 2009 WBC Trust, Grand Rapids, Michigan, as a general partner, and Stephen A. Van Andel, Grand Rapids, Michigan, as trustee, to acquire 33.9 percent of the voting shares of Macatawa Bank Corporation, Holland, Michigan, and thereby indirectly acquire Macatawa Bank, Holland, Michigan.
Newspaper: 12/04/2009
Federal Register: 12/02/2009
SHOREBANK CORPORATION, THE Investment Reg K - The Shorebank Corporation, Chicago, Illinois, to invest up to $1 million in ShoreCap II Limited, a fund established as a limited life, limited liability company under the laws of the Republic of Mauritius.
Newspaper: Not applicable
Federal Register: Not applicable


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 First Quarter of 2010 (January 1, 2010 - March 31, 2010)

Institution Location
BANK IA RED OAK, IOWA
CAMP GROVE ST BK CAMP GROVE, ILLINOIS
CENTRAL ST BK ELKADER, IOWA
COLE TAYLOR BK CHICAGO, ILLINOIS
COMMUNITY FIRST BK BOSCOBEL, WISCONSIN
CSB BK CAPAC, MICHIGAN
EASTERN MI BK CROSWELL, MICHIGAN
FAIRMOUNT ST BK FAIRMOUNT, INDIANA
FIRST AMER BK FORT DODGE, IOWA
FIRST FARMERS B&T CONVERSE, INDIANA
G W JONES EXCHANGE BK MARCELLUS, MICHIGAN
LA SALLE ST BK LA SALLE, ILLINOIS
MIDWEST B&TC ELMWOOD PARK, ILLINOIS
MIDWEST BK WESTERN IL MONMOUTH, ILLINOIS
SECURITY T&SB STORM LAKE, IOWA

* 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