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 20, 2016

Filer Filing Type Filing Proposal End of Comment Period
AMERICAN COMMUNITY FINANCIAL, INC. CIC ACBT L.P., a Delaware limited partnership, Huntley, Illinois; Charles W. Ruth, Huntley, Illinois; Helen J. Ruth, Huntley, Illinois; William A. Ruth, Woodstock, Illinois; Mary H. Ruth, Woodstock, Illinois; Emily Ruth Smith, Lake in the Hills, Illinois; Eric L. Ruth, Huntley, Illinois; and Scott H. Ruth, Marengo, Illinois; as a group acting in concert, have applied to the Federal Reserve Board for permission to retain and obtain control over 17.26 percent of the voting shares of American Community Financial, Inc., Woodstock, Illinois, and thereby indirectly retain control of American Community Bank, Woodstock, Illinois.
Newspaper: 01/25/2016
Federal Register: 03/09/2016
CALUMET BANCORPORATION, INC. * 3A5 Calumet Bancorporation, Inc., Chilton, Wisconsin, to acquire via merger 100 percent of Calumet Bancshares, Inc., Brillion, Wisconsin, and thereby indirectly acquire Calumet County Bank, Brillion, Wisconsin.
Newspaper: Not available
Federal Register: 03/18/2016
COMMUNITY SHORES BANK CORPORATION CIC Bruce J. Essex, Jr. individually and as Trustee of the Bruce J. Essex, Jr. 2016 Revocable Trust; and the Bruce J. Essex, Jr. 2016 Revocable Trust, both of Spring Lake, Michigan, to acquire ten percent or more of the outstanding voting stock and thereby control Community Shores Bank Corporation and indirectly control Community Shores Bank both of Muskegon, Michigan. In addition, The Bruce J. Essex, Jr. 2016 Revocable Trust to be added to the Essex Family Control Group approved in April 2009. Bruce J. Essex, Sr., individually, of Twin Lake, Michigan, to acquire ten percent or more of the outstanding voting stock and thereby control Community Shores Bank Corporation and indirectly control Community Shores Bank both of Muskegon, Michigan.
Newspaper: Not available
Federal Register: 03/01/2016
COMMUNITY SHORES BANK CORPORATION CIC Robert L. Chandonnet, individually, of Muskegon, Michigan, to acquire ten percent or more of the outstanding voting stock and thereby control Community Shores Bank Corporation and indirectly control Community Shores Bank both of Muskegon, Michigan.
Newspaper: Not available
Federal Register: Not available
EASTERN MICHIGAN FINANCIAL CORPORATION * 3A5
* 18C
Eastern Michigan Financial Corporation, Croswell, Michigan, to merge with Ruth Bank Corporation, Ruth, Michigan and thereby acquire control of Ruth State Bank, Ruth, Michigan.
Newspaper: Not available
Federal Register: Not available
MAINSOURCE FINANCIAL GROUP, INC. * 4c8 MainSource Financial Group, Inc., Greensburg, Indiana, to merge with Cheviot Financial Corp., Cheviot, Ohio, a savings and loan holding company and thereby indirectly acquire control of Cheviot Savings Bank, Cheviot, Ohio, a chartered savings and loan association.
Newspaper: Not available
Federal Register: 02/29/2016
MB FINANCIAL, INC. * 3A5 MB Financial, Inc., Chicago, Illinois, to merge with American Chartered Bancorp, Inc., Schaumburg, Illinois and thereby indirectly acquire control of American Chartered Bank, Schaumburg, Illinois.
Newspaper: 03/06/2016
Federal Register: 02/29/2016
NORTHBROOK BANK & TRUST COMPANY * Branch Northbrook Bank & Trust Company, Northbrook, Illinois, to establish a branch at 9390 Ballard Road, Des Plaines, Illinois.
Newspaper: 02/23/2016
Federal Register: Not applicable
NORTHWEST BANCORPORATION OF ILLINOIS, INC. CIC Mr. James J. Dolan, Naples, Florida as trustee of Voting Trust Agreement; Mrs. Patricia D. Dolan as trustee of Royston Road Trust, Naples, Florida; and Mr. Gregory F. Dolan as trustee of JJD 2012 Family Trust, Washington, DC, as a group acting in concert to acquire control of Northwest Bancorporation of Illinois, Inc. and thereby indirectly acquire control of First Bank and Trust Company of Illinois, both of Palatine, Illinois.
Newspaper: Not available
Federal Register: Not available
ROYAL FINANCIAL, INC. * 4c8 Royal Financial Corporation, Chicago, Illinois, intends to apply for permission to merge with Park Bancorp, Inc., Chicago, Illinois. Royal Financial, Inc. also intends to acquire control of Park Bancorp, Inc.'s subsidiary bank, Park Federal Savings Bank, Chicago, Illinois.
Newspaper: Not available
Federal Register: Not available
WINTRUST FINANCIAL CORPORATION * 3A5
* 18C
* Branch
Wintrust Financial Corporation, Rosemont, Illinois, to acquire via merger Generations Bancorp, Inc. and thereby indirectly acquire Foundations Bank, both of Pewaukee, Wisconsin. In addition, Town Bank, Hartland, Wisconsin, to merge with Foundations Bank. As a result of the merger, Town Bank to establish a branch office at N35 W23877 Highfield Court, Pewaukee, Wisconsin.
Newspaper: 03/02/2016
Federal Register: 03/04/2016


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
CHEMICAL BK, MIDLAND, MICHIGAN 542649 10/26/2015 04/08/2016 O Large Bank


CRA Examinations scheduled for Second Quarter of 2016 (April 1, 2016 - June 30, 2016)

Institution Location
FARMERS & MRCH BK ORFORDVILLE ORFORDVILLE, WISCONSIN
FIRST AMER BK FORT DODGE, IOWA
FIRST CITIZENS NB MASON CITY, IOWA
GLENWOOD ST BK GLENWOOD, IOWA
ILLINI ST BK OGLESBY, ILLINOIS
INDEPENDENT BK GRAND RAPIDS, MICHIGAN
PACIFIC GLOBAL BK CHICAGO, ILLINOIS
PREMIER BK DUBUQUE, IOWA
QUAD CITY B&TC BETTENDORF, IOWA
ST CHARLES B&TC SAINT CHARLES, ILLINOIS
STATE BK GENEVA GENEVA, ILLINOIS
WAYNE B&TC CAMBRIDGE CITY, INDIANA

* 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