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 May 21, 2011

Filer Filing Type Filing Proposal End of Comment Period
AMALGAMATED INVESTMENTS COMPANY CIC Notice by Richard F. Levy, Riverwoods, Illinois, as Trustee of the Eugene P. Heytow Trust, dated March 23, 1988, as amended, to acquire more than 25 percent of the voting shares of Amalgamated Investments Company, Chicago, Illinois, and thereby indirectly control Amalgamated Bank of Chicago, Chicago, Illinois.
Newspaper: Not available
Federal Register: 06/06/2011
BANK OF GENEVA * Branch Bank of Geneva, Geneva, Indiana, to establish a branch facility to be located at 1061 Thirteenth Street, Decatur, Indiana.
Newspaper: 06/01/2011
Federal Register: Not applicable
ELGIN BANCSHARES, INC. 4c8 Elgin Bancshares, Inc., Elgin, Illinois, to retain the nonbanking activities of engaging in extending credit and servicing loans.
Newspaper: Not applicable
Federal Register: 06/08/2011
NORTH CENTRAL BANCSHARES, INC. * 3A1 North Central Bancshares,Inc., Fort Dodge, Iowa, to become a bank holding company following the conversion its subsidiary, First Federal Savings Bank of Iowa, Fort Dodge, Iowa, from a federally chartered savings bank to a state chartered bank.
Newspaper: Not available
Federal Register: 06/06/2011


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 Third Quarter of 2011 (July 1, 2011 - September 30, 2011)

Institution Location
BANK MIDWEST SPIRIT LAKE, IOWA
BAYLAKE BK STURGEON BAY, WISCONSIN
CENTRAL BK STORM LAKE, IOWA
CENTRAL ST BK MUSCATINE, IOWA
CHEMICAL BK MIDLAND, MICHIGAN
CITIZENS FIRST ST BK OF WALNUT WALNUT, ILLINOIS
CLEAR LAKE B&TC CLEAR LAKE, IOWA
COMMUNITY ST BK AVILLA, INDIANA
FARMERS AND MECHANICS BK GALESBURG, ILLINOIS
FIRST CHICAGO B&T CHICAGO, ILLINOIS
FIRST EAGLE BK HANOVER PARK, ILLINOIS
FIRST ST BK BOURBON IN BOURBON, INDIANA
HENDRICKS CTY B&TC BROWNSBURG, INDIANA
HURON CMNTY BK EAST TAWAS, MICHIGAN
ILLINI ST BK OGLESBY, ILLINOIS
IOWA ST BK WAPELLO, IOWA
LAKE CITY BK WARSAW, INDIANA
LAKE FOREST B&TC LAKE FOREST, ILLINOIS
MARKESAN ST BK MARKESAN, WISCONSIN

* 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