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 December 28, 2013

Filer Filing Type Filing Proposal End of Comment Period
BAYLAKE BANK * 18C
* Branch
Baylake Bank, Sturgeon Bay, Wisconsin, to purchase certain assets and assume certain liabilities of a branch, located at 333 South Nicolet Road, Appleton, Wisconsin of Community Bank & Trust, Sheboygan, Wisconsin.
Newspaper: Not available
Federal Register: Not applicable
BLUE MOUND BANCSHARES, INC. CIC Mary Lou McChristy, Stonington, Illinois, to acquire 25 percent or more of the outstanding shares of Blue Mound Bancshares, Inc., and thereby indirectly acquire control of The State Bank of Blue Mound, both of Blue Mound, Illinois, and Mary Lou McChristy and Frank J. McChristy, Stonington, Illinois, together as a group acting in concert, to retain control of 10 percent or more of Blue Mound Bancshares, Inc., and thereby indirectly retain control of The State Bank of Blue Mound.
Newspaper: 01/10/2014
Federal Register: 01/09/2014
FARMERS & MERCHANTS BANK, THE * Branch Farmers & Merchants Bank, Berlin, Wisconsin, to establish a branch facility located at 663 Broadway Street, Berlin, Wisconsin.
Newspaper: Not available
Federal Register: Not applicable
FARMERS & MERCHANTS SAVINGS BANK * Branch Farmers & Merchants Savings Bank, Manchester, Iowa, to establish a branch office at 111 E. 1st Street, Monticello, Iowa.
Newspaper: 12/26/2013
Federal Register: Not applicable
FIRST BANCORP, INC. CIC The George Breckenridge Family Trust, with Maureen Breckenridge as trustee, and Maureen Breckenridge as trustee of the George Breckenridge Family Trust and the Maureen Breckenridge Trust, individually, and the George Breckenridge Family Trust, the Maureen Breckenridge Trust, and Maureen Breckenridge as trustee of the George Breckenridge Family Trust and the Maureen Breckenridge Trust, all of Yates City, Illinois, together as a group acting in concert, to retain control of 25 percent or more of the voting shares of First Bancorp, Inc., and thereby indirectly retain control of Bank of Yates City, both of Yates City, Illinois.
Newspaper: Not available
Federal Register: 01/02/2014
LAKE FOREST BANK & TRUST COMPANY * 18C
* Branch
Lake Forest Bank & Trust Company, Lake Forest, Illinois, to purchase the assets and assume the liabilities of a branch, and will continue to operate a branch, located at 4 East Scranton Avenue, Lake Bluff, Illinois; from Baytree National Bank & Trust Company, Lake Forest, Illinois.
Newspaper: Not available
Federal Register: Not applicable
MID ILLINOIS BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 4c8
* 3A1
Mid Illinois Bancorp, Inc., Employee Stock Ownership Plan, Peoria, Illinois, to become a bank holding company by acquiring at least 30 percent of Mid Illinois Bancorp, Inc., Peoria, Illinois, and thereby acquire control of South Side Trust and Savings Bank, Peoria, Illinois. ESOP also requests permission to engage in extending credit and servicing loans pursuant to Section 225.28(b)(1) of Regulation Y.
Newspaper: Not available
Federal Register: 01/17/2014
VAN BUREN BANCORPORATION EMPLOYEE STOCK OWNERSHIP PLAN * 3A3 Van Buren Bancorporation ESOP, Keosauqua, Iowa, to increase its ownership of Van Buren Bancorporation, Keosauqua, Iowa, from 43.42 percent to up to 50.1 percent, and thereby increase its indirect ownership of Community First Bank, Keosauqua, Iowa and First Iowa State Bank, Albia, Iowa.
Newspaper: 01/14/2014
Federal Register: 01/10/2014


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     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