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 March 17, 2012

Filer Filing Type Filing Proposal End of Comment Period
FIRST NATIONAL BANK OF FARRAGUT, THE Member First Heritage Bank (currently First National Bank of Farragut), Shenandoah, Iowa, to become a member of the Federal Reserve System.
Newspaper: Not applicable
Federal Register: Not applicable
JOHNSON FINANCIAL GROUP, INC. CIC Notice by Winifred J. Marquart, Herbert F. Johnson III, Samuel C. Johnson III, Odinn R. Johnson, Olivia S. Johnson, Conrad W. Leipold, Samuel C. Leipold, Michael D. Marquart, Samantha G. Marquart, and Isabelle C. Marquart (all of Racine, Wisconsin) as a group working in concert to retain control of Johnson Financial Group, Inc., Racine, Wisconsin, and thereby indirectly control Johnson Bank, Racine, Wisconsin.
Newspaper: Not available
Federal Register: Not available
MINIER FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/401(K) PROVISIONS * 3A3 Minier Financial, Inc. Employee Stock Ownership Plan with 401(k) Provisions, Minier, Illinois, to increase its ownership of Minier Financial, Inc., Minier, Illinois, from 34 percent to up to 51 percent, and thereby increase its indirect ownership of First Farmers State Bank, Minier, Illinois.
Newspaper: Not available
Federal Register: Not available
NORTHBROOK BANK & TRUST COMPANY * Branch Notice by Northbrook Bank & Trust Company, Northbrook, Illinois, to open a branch location at 70 West Madison, Chicago, Illinois.
Newspaper: Not available
Federal Register: Not applicable
RUSH-OAK CORPORATION CIC Notice by the Patricia I. Walsh Trust, Patricia I. Walsh individually and as trustee of the Patricia I. Walsh Trust, River Forest, Illinois, Mark J. Walsh, River Forest, Illinois, Richard A. Walsh, La Grange, Illinois, Katherine Walsh Hennessy, Chicago, Illinois, Anne E. Walsh, Forest Park, Illinois, Brian J. Walsh, Forest Park, Illinois, and Patrick M. Walsh, Chicago, Illinois, together as a group acting in concert, to acquire over 25 percent of the outstanding shares of Rush-Oak Corporation, Chicago, Illinois, and thereby indirectly acquire control of Oak Bank, Chicago, Illinois.
Newspaper: Not available
Federal Register: 02/14/2012
SPECTOR PROPERTIES, INC CIC Notice by Steven D. Spector, as an individual and as trustee of the Alan L. Spector GST Family Trust, the Walter W. Spector, Steven D. Spector, Andrew M. Spector, and Nancy S. Spector Dynasty Trusts, and two Phillip J. Spector GST Trusts and Steven D. Spector, Walter W. Spector, Andrew M. Spector, Nancy S. Spector, the Phillip J. Spector GST Trust - FBO Michael Spector, Michael Spector and Steven Spector trustees, the Phillip J. Spector GST Trust - FBO Shelley Spector, Shelley Spector and Steven D. Spector trustees, and the Alan L. Spector GST Family Trust, the Walter W. Spector Dynasty Trust, the Steven D. Spector Dynasty Trust, the Andrew M. Spector Dynasty Trust, the Nancy S. Spector Dynasty Trust (Steven D. Spector trustee) as a group working in concert to acquire and/or retain 25 percent or more of the shares of Spector Properties, Inc., Chicago, Illinois and thereby indirectly acquire Andalusia Community Bank, Andalusia, Illinois.
Newspaper: Not available
Federal Register: Not available
WAYTRU BANCORP 4c8 Notice by Waytru Bancorp, Cambridge City, Indiana, to continue to engage in the permissible nonbanking activity of extending credit and servicing loans.
Newspaper: Not applicable
Federal Register: 02/27/2012


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 T&SB, DUBUQUE, IOWA 596848 06/06/2011 11/04/2011 S Int Sm Bank
BLENCOE ST BK, BLENCOE, IOWA 886044 11/01/2010 11/28/2011 S Small Bank
CITIZENS FIRST ST BK OF WALNUT, WALNUT, ILLINOIS 476342 07/25/2011 11/21/2011 S Small Bank
CLEAR LAKE B&TC, CLEAR LAKE, IOWA 865544 07/25/2011 11/21/2011 S Small Bank
JOHNSON BK, RACINE, WISCONSIN 58243 01/03/2011 03/12/2012 O Large Bank
OSB CMNTY BK, BROOKLYN, MICHIGAN 382742 05/30/2011 11/07/2011 S Small Bank
UNION ST BK, ROCKWELL CITY, IOWA 409649 11/14/2011 03/12/2012 S Small Bank


CRA Examinations scheduled for     Quarter of

Institution Location
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