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 January 29, 2022

Filer Filing Type Filing Proposal End of Comment Period
ALLY BANK PWI Ally Bank, Midvale, Utah to make up to a $20 milion public welfare investment in U.S.A. Institutional Tax Credit Fund CXL L.P. pursuant to section 208.22(b) of Regulation H
Newspaper: Not applicable
Federal Register: Not applicable
ALLY BANK PWI Ally Bank, Sandy, Utah for prior approval to make up to a $20 million investment in Alliant Tax Credit Fund 111, LP. pursuant to section 208.22(b) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
ALLY BANK PWI Ally Bank, Sandy, Utah, for prior approval to make a public welfare investment pursuant to section 208.22(b) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
BANK OF MONTREAL * 3A5
* 3A3 		Bank of Montreal, Montreal, Quebec, Canada and BMO Financial Corp., Wilmington, Delaware to acquire 100 percent of BancWest Holding Inc., San Francisco, California, and thereby indirectly acquire Bank of the West, San Francisco, California. Following the share acquisition, BMO Financial Corp., Wilmington, Delaware will merge with BancWest Holding Inc., San Francisco, California, with BMO Financial Corp being the surviving entity.
Newspaper: Not available
Federal Register: 02/25/2022
CUSB BANK * 18C
* Branch 		CUSB Bank, Cresco, Iowa to purchase the assets and assume the liabilities of the Waverly and Shell Rock offices of Security State Bank, Springville, IA, and thereby establish branches at the following locations: 933 16th Street SW, Waverly, Iowa and 104 N Cherry Street, Shell Rock, Iowa.
Newspaper: Not available
Federal Register: Not applicable
HTB, INC. CIC Jere M. Ahrens, Houston, Texas, individually, and acting in concert with Karen L. Ahrens, North Fort Myers, Florida; Jessica A. Ahrens Bingaman, Fort Worth, Texas; Jill A. Ahrens, Houston, Texas; Lindsay S. Ahrens Dahl, Camp Crook, South Dakota; Jenna K. Ahrens Brown, Laramie, Wyoming; Becky C. Campbell, Houston, Texas; and Brian E. Campbell, San Diego, California, to join the Ahrens Family Control Group and retain the voting shares of HTB, Inc., Osage, Iowa. HTB, Inc. and thereby retain the voting shares of Home Trust & Savings Bank, Osage, Iowa.
Newspaper: 02/08/2022
Federal Register: 02/04/2022
MIDWESTONE FINANCIAL GROUP, INC. * 3A5 MidWestOne Financial Group, Inc., Iowa City, Iowa to merger with Iowa First Bancshares Corp. Muscatine, Iowa and thereby indirectly acquire First National Bank of Muscatine, Muscatine, Iowa and First National Bank of Fairfield, Fairfield, Iowa.
Newspaper: Not available
Federal Register: Not available


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: February 03, 2022