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 March 7, 2020

Filer Filing Type Filing Proposal End of Comment Period
AMBANK HOLDINGS, INC. CIC Forsyth Equity Partners, LP, and its general partner Rakesh Alla, both of Rock Island, Illinois, to acquire 10 percent or more of AmBank Holdings, Inc., and indirectly American Bank and Trust Company, N.A, both of Davenport, Iowa. In addition, Forsyth Equity Partners, LP is seeking to become qualified family partnership, pursuant to 12 U.S.C. Code 1841 (0)(10).
Newspaper: Not available
Federal Register: 02/20/2020
CBI BANK & TRUST * 18C
* Branch 		CBI Bank & Trust, Muscatine, Iowa to merge with Walcott Trust and Trust Savings, Wolcott, Iowa and thereby establish branches at the following locations: 101 West Bryant Street, Walcott, Iowa and 2322 East Kimberly Road, Davenport, Iowa.
Newspaper: Not available
Federal Register: Not applicable
CHOICEONE BANK * 18C
* Branch 		ChoiceOne Bank, Sparta, Michigan to merge with Lakestone Bank & Trust, Lapeer, Michigan. As a result of the merger, Lakestone Bank & Trust offices located at 83 West Nepessing Street, Lapeer, Michigan; 5515 Van Dyke Road, Almont, Michigan; 72890 North Avenue, Armada, Michigan; 4515 Imlay City Road, Attica, Michigan; 206 North Main Street, Capac, Michigan; 30 West Burnside Road (M-24), Fostoria, Michigan; 5508 Davidson Road, Lapeer, Michigan; 3177 Main Street, Emmett, Michigan; 1875 South Cedar Street, Imlay City, Michigan; 81111 Main Street, Memphis, Michigan; 3414 South Lapeer Road, Metamorra, Michigan; 637 South Main Street, Lapeer, Michigan; and 3 North Main Street, Yale, Michigan will become branches of ChoiceOne Bank. In addition, ChoiceOne Bank is requesting approval to expand its banking powers by exercising trust powers.
Newspaper: Not available
Federal Register: Not applicable
FREEDOM HOLDINGS COMPANY CIC Notice by Heather L.H. Miller Revocable Trust, Heather L. H. Miller as trustee, Urbandale, Iowa, and Heidi A. Loverude Revocable Trust, Heidi A. Loverude as trustee, Urbandale, Iowa, to be added to the Hill Family Control Group, as previously approved by the Federal Reserve on September 28, 2006, and thereby respectively retain control of 25 percent and 10 percent or more of the shares of Freedom Holdings Company, and thereby indirectly control Freedom Financial Bank, both of West Des Moines, Iowa.
Newspaper: Not available
Federal Register: 03/02/2020
GREEN BELT BANCORPORATION CIC Notice by Christopher W. Weaver, Iowa Falls, Iowa, individually, and Rex R. Weaver, Granger, Iowa, Steven L. Afdahl, Temecula, California, and Daniel L. Stockdale, Iowa Falls, Iowa, as co-trustees of the Rex R. Weaver Revocable Trust II Agreement, individually, and together as a group acting in concert, to retain control of 25 percent or more of the shares of Green Belt Bancorporation and thereby indirectly control Green Belt Bank & Trust, both of Iowa Falls, Iowa.
Newspaper: Not available
Federal Register: 03/16/2020


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 Quarter
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: March 12, 2020