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 February 11, 2012

Filer Filing Type Filing Proposal End of Comment Period
FARMERS AND MECHANICS BANK, THE * 18C
* Branch 		The Farmers & Mechanics Bank, Galesburg, Illinois, to purchase certain assets and assume certain liabilities of Associated Bank, N.A., Green Bay, Wisconsin, branches located at 50 East Main Street and 1865 Henderson Street, both of Galesburg, Illinois. The Farmers & Mechanics Bank will establish an office at 1865 Henderson Street, Galesburg, Illinois, upon consummation of the proposal.
Newspaper: Not available
Federal Register: Not applicable
INSPIRE BANCSHARES INC * 3A1 Inspire Bancshares, Inc., Tomah, Wisconsin, to become a bank holding company by acquiring 100 percent of the voting shares of Community State Bank, Norwalk, Wisconsin.
Newspaper: Not available
Federal Register: 01/06/2012
NORTHERN TRUST COMPANY, THE * Branch The Northern Trust Company, Chicago, Illinois, to establish a branch facility to be located at Telegraph Road Metra Train Station, 911 South Telegraph Road, Lake Forest, Illinois.
Newspaper: Not available
Federal Register: Not applicable
RUSH-OAK CORPORATION CIC Notice by Edward A. Cox, Jr., individually, and together with John M. Cox as a group acting in concert, both of Naples, Florida, to acquire over 25 percent of the outstanding shares of Rush-Oak Corporation, Chicago, Illinois, and thereby indirectly acquire control of Oak Bank, Chicago, Illinois.
Newspaper: Not available
Federal Register: 01/31/2012
RUSH-OAK CORPORATION CIC Notice by the Patricia I. Walsh Trust, Patricia I. Walsh as trustee, River Forest, Illinois, Mark J. Walsh, River Forest, Illinois, Richard A. Walsh, La Grange, Illinois, Katherine Walsh Hennessy, Chicago, Illinois, Anne E. Walsh, Forest Park, Illinois, Brian J. Walsh, Forest Park, Illinois, and Patrick M. Walsh, Chicago, Illinois, together as a group acting in concert, to acquire over 25 percent of the outstanding shares of Rush-Oak Corporation, Chicago, Illinois, and thereby indirectly acquire control of Oak Bank, Chicago, Illinois.
Newspaper: Not available
Federal Register: 02/14/2012
TOWN AND COUNTRY BANK * 18C
* Branch 		Notice by Town and Country Bank, Springfield, Illinois, to purchase certain assets and assume certain deposit and other liabilities of the branch of Associated Bank, National Association, Green Bay, Wisconsin, located at 706 Maine Street, Quincy, Illinois. Town and Country Bank will establish an office at 706 Maine Street, Quincy, Illinois, upon consummation of the proposal.
Newspaper: Not available
Federal Register: Not applicable
WAYTRU BANCORP 4c8 Notice by Waytru Bancorp, Cambridge City, Indiana, to continue to engage in the permissible nonbanking activity of extending credit and servicing loans.
Newspaper: Not applicable
Federal Register: 02/27/2012


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
CENTRAL BK, STORM LAKE, IOWA 546544 08/08/2011 01/16/2012 S Int Sm Bank
COMMUNITY ST BK, AVILLA, INDIANA 502746 09/26/2011 01/23/2012 S Small Bank
FIRST EAGLE BK, HANOVER PARK, ILLINOIS 759045 09/12/2011 01/19/2012 O Int Sm Bank
HINSDALE B&TC, HINSDALE, ILLINOIS 2119773 06/06/2011 01/16/2012 S Large Bank
INDEPENDENT BK, IONIA, MICHIGAN 636771 09/13/2010 02/02/2012 S Large Bank
IOWA ST BK, WAPELLO, IOWA 952846 08/22/2011 02/06/2012 S Small Bank
UNION B&TC, EVANSVILLE, WISCONSIN 68840 05/02/2011 12/19/2011 S Small 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

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Last update: February 16, 2012