Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 10: Federal Reserve Bank of Kansas City PDF
Filings received during the week ending April 29, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| COLORADO BANK AND TRUST COMPANY OF LA JUNTA, THE | Premises | The Colorado Bank and Trust Company, La Junta, Colorado, to increase its investment in bank premises in the amount of $841,705. | Not applicable | Not applicable |
| MAPLE HILL BANCSHARES, INC. | Change in Bank Control | Steven R. Niemack, individually, and as trustee of the Steven R. Niemack Revocable Living Trust dated 3-25-2021 and the Steven R. Niemack Family Irrevocable Trust dated 1-31-2011, all of Lawrence, Kansas; to retain voting shares of Maple Hill Bancshares, Inc., and thereby indirectly acquire Stockgrowers State Bank, both of Maple Hill, Kansas, and to form the Niemack Family Group, a group acting in concert. | 05/17/2023 | 05/18/2023 |
| STOCKGROWERS STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN | * 3A3 | Stockgrowers State Bank Employee Stock Ownership Plan, Ashland, Kansas, to acquire additional voting shares up to 39 percent of Stockgrowers Banc Corporation, Ashland, Kansas, and thereby indirectly acquire additional shares of Stockgrowers State Bank, Ashland, Kansas; and Peoples Bank, Coldwater, Kansas. | Not available | 06/02/2023 |
* Subject to the provisions of the Community Reinvestment Act
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 |
|---|---|---|---|---|---|
| PEOPLES BK, PRATT, KANSAS | 530655 | 07/11/2022 | 04/25/2022 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||