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 June 15, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| CANTON BANCSHARES, INC. | Change in Bank Control | Kathryn Shaun Thompson and Matthew Thompson, both of Canton, Oklahoma, to create the Thompson Family Control Group, a group acting in concert, to retain voting shares of Canton Bancshares, Inc., and thereby indirectly retain voting shares of Community State Bank of Canton, both of Canton, Oklahoma. | 06/30/2024 | 07/08/2024 |
| CANTON BANCSHARES, INC. | Change in Bank Control | Steven Bond, Canton, Oklahoma, to retain voting shares of Canton Bancshares, Inc., and thereby indirectly retain voting shares of Community State Bank of Canton, both of Canton, Oklahoma. | 06/30/2024 | 07/08/2024 |
| FIRST COMMERCE FINANCIAL CORPORATION | Change in Bank Control Change in Bank Control | Daniel J. Smerchek; the Daniel J. Smerchek Pecuniary GST Trust, Daniel J. Smerchek, trustee; and Sonja C. Smerchek, all of Waterville, Kansas; and the Haley M. Johnson GST Trust dated September 26, 2018, Haley M. Johnson, trustee, Grand Prairie, Texas, to acquire voting shares of First Commerce Financial Corporation, and thereby indirectly acquire voting shares of First Commerce Bank, both of Marysville, Kansas, and to join the Smerchek Family Control Group; and for Daniel J. Smerchek to acquire 10 percent or more as the largest individual controlling shareholder. | Not available | 07/03/2024 |
| STOCKMENS FINANCIAL CORPORATION | Listed Going Concern | Stockmens Financial Corporation, Rapid City, South Dakota; to acquire 16 percent voting interest in AgCredit, Inc., Chadron, Nebraska, and thereby engage in extending credit and activities related to extending credit pursuant to section 225.28(b)(1) and (2)(v), engage in community development activities pursuant to 225.28(12)(i) and (ii), and engage in data processing activities pursuant to section 225.28(14)(i), all of the Board's Regulation Y. | Not applicable | 07/22/2024 |
| UMB FINANCIAL CORPORATION | * 3A3 * 3A5 | UMB Financial Corporation, Kansas City, Missouri, through its subsidiary, Blue Sky Merger Sub, Inc., Kansas City, Missouri, to merge with, Heartland Financial USA, Inc., Denver, Colorado, and thereby indirectly acquire HTLF Bank, Denver, Colorado. | 07/14/2024 | Not available |
* 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 |
|---|---|---|---|---|---|
| AMERICAN HERITAGE BK, SAPULPA, OKLAHOMA | 311050 | 04/07/2024 | 08/14/2023 | S | Int Small Bank |
| CITIZENS ST BK, WISNER, NEBRASKA | 482053 | 04/29/2024 | 02/12/2024 | S | Int Small Bank |
| ENTERPRISE BK, OMAHA, NEBRASKA | 1836701 | 10/23/2023 | 08/07/2023 | S | Int Small Bank |
| FIRST OPTION BK, OSAWATOMIE, KANSAS | 285852 | 06/16/2023 | 03/06/2023 | S | Int Small Bank |
| FIVE POINTS BK, GRAND ISLAND, NEBRASKA | 554857 | 06/10/2023 | 03/13/2023 | O | Int Small Bank |
| MIDWEST BK, PIERCE, NEBRASKA | 669555 | 02/26/2024 | 11/27/2023 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||