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: 10
Federal Reserve Bank of: Kansas City

Filings received during the week ending January 23, 2021

Filer Filing Type Filing Proposal End of Comment Period
CHAMBANCO, INC. CIC Larry Adams, individually as the largest shareholder, as trustee of the Patrick Adams Testamentary Trust and the S and B Trust, all of Chambers, Nebraska, and as a member of the Adams Family Group, a group acting in concert, to retain voting shares of Chambanco, Inc. (Chambanco), Chambers, Nebraska, and thereby indirectly retain shares of Chambers State Bank, Chambers, Nebraska. In addition, Patrick Adams, individually; the Patrick Adams Testamentary Trust; and the S and B Trust, all of Chambers, Nebraska, to retain shares of Chambanco, and join the Adams Family Group.
Newspaper: Not available
Federal Register: 02/11/2021
MCHUGH INVESTMENT COMPANY CIC Jeremy Brian McHugh, Donielle Eileen McHugh, Nathan Donald McHugh, and Kristina Lee McHugh, all of Murdock, Nebraska, as a group acting in concert, to retain voting shares of McHugh Investment Company, Murdock, Nebraska, and thereby indirectly retain voting shares of Corn Growers State Bank, Murdock, Nebraska.
Newspaper: Not available
Federal Register: 02/11/2021
STIGLER BANCORPORATION, INC. CIC The Michael Stephens Leonard Second Amended and Restated Revocable Trust, Mike Leonard as trustee, both of Muskogee, Oklahoma; the Amended and Restated Ginger Batson Trust, Ginger Batson as trustee, both of Muskogee, Oklahoma; The Amy N. Bennett Revocable Trust Agreement and Amy Bennett, individually and as trustee, both of Bixby, Oklahoma; and Courtney Michelle Lamont, Carsen Lamont, and Chloe Lamont, all of Muskogee, Oklahoma, to join the Leonard Family Group, a group acting in concert, to acquire voting shares of Stigler Bancorporation, Inc. and thereby indirectly acquire voting shares of The First National Bank of Stigler, both of Stigler, Oklahoma. Mike Leonard was previously approved under the Change in Bank Control Act to acquire the voting shares that are the subject of this notice.
Newspaper: Not available
Federal Register: Not available
VALLIANCE FINANCIAL CORP. CIC Thomas M. Annesley, Norman, Oklahoma, a member of the Oliver Family Group, a group acting in concert, and trustee of the Roy T. Oliver and Rebecca L. Oliver 2020 Irrevocable Trust, Oklahoma City, Oklahoma, to become the largest individual shareholder by acquiring additional voting shares of Valliance Financial Corp. (Valliance), Oklahoma City, Oklahoma, and thereby indirectly acquiring voting shares of Valliance Bank, Oklahoma City, Oklahoma. In addition, The Roy T. Oliver and Rebecca L. Oliver 2020 Irrevocable Trust to acquire shares of Valliance and join the Oliver Family Group.
Newspaper: 02/02/2021
Federal Register: 02/11/2021


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