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 February 21, 2009

Filer Filing Type Filing Proposal End of Comment Period
GARNAVILLO BANK CORPORATION 4c8 Garnavillo Bank Corporation, Garnavillo, Iowa, proposes to engage de novo in the permissible nonbanking activity of insurance in small towns.
Newspaper: Not applicable
Federal Register: 03/09/2009
GMAC LLC 4c8
* 3A3
GMAC LLC, Detroit, Michigan, to retain 21.5 percent of the voting shares of Capmark Financial Group, Inc., Horsham, Pennsylvania, and thereby indirectly retain control of Capmark Bank, Midvale, Utah and Escrow Bank USA, Midvale, Utah, and thereby to operate an industrial bank.
Newspaper: Not available
Federal Register: 03/02/2009
ROLLING HILLS BANK & TRUST * 18C
* Branch
Rolling Hills Bank & Trust, Atlantic, Iowa, to merge with The First National Bank of Brewster, Brewster, Minnesota, and thereby to establish branches at 224 Tenth Street, Brewster, Minnesota and 229 Tenth Street, Worthington, Minnesota.
Newspaper: Not available
Federal Register: Not applicable


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 Second Quarter of 2009 (April 1, 2009 - June 30, 2009)

Institution Location
ALPINE BK IL ROCKFORD, ILLINOIS
BANKERS' BK MADISON, WISCONSIN
CENTRUE BK STREATOR, ILLINOIS
EAST DUBUQUE SVG BK DUBUQUE, IOWA
FIRST EAGLE BK HANOVER PARK, ILLINOIS
GRUNDY BK MORRIS, ILLINOIS
HINSDALE B&TC HINSDALE, ILLINOIS
IRWIN UNION B&TC COLUMBUS, INDIANA
LAKE FOREST B&TC LAKE FOREST, ILLINOIS
LOGAN CTY BK LINCOLN, ILLINOIS
MORTON CMNTY BK MORTON, ILLINOIS
NORTH SHORE CMNTY B&T WILMETTE, ILLINOIS
NORTHERN TC CHICAGO, ILLINOIS
OREGON CMNTY B&TC OREGON, WISCONSIN
PARAMOUNT BK FARMINGTON HILLS, MICHIGAN
ST CHARLES B&TC GENEVA, ILLINOIS
TOWN & CNTRY BK BUFFALO, ILLINOIS
TOWN & CNTRY BK SPRINGFIELD SPRINGFIELD, ILLINOIS
WARREN BK WARREN, MICHIGAN

* 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