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 27, 2016

Filer Filing Type Filing Proposal End of Comment Period
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: 03/01/2016
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: 03/01/2016
COUNTRY BANCORPORATION CIC Notice by Thomas R. Bernau, Des Moines, Iowa, and John W. Bernau, Manchester, Iowa, each individually and as co-trustees of the Kay J. A. Bernau Marital Election Trust and the Kay J. A. Bernau Marital Trust; and together as a family control group acting in concert with the Bernau Family Control Group consisting of the William R. and Kay J. A. Bernau Family Trust for Thomas R. Bernau and the William R. and Kay J. A. Bernau Family Trust for John W. Bernau, to retain control of 100 percent of the voting shares of Country Bancorporation, Crawfordsville, Iowa. Country Bancorporation controls eight banks: Peoples Savings Bank, Crawfordsville, Iowa; Walker State Bank, Walker, Iowa; Center Point Bank and Trust Company, Center Point, Iowa; Peoples Trust and Savings Bank, Riverside, Iowa; Hiawatha Bank and Trust Company, Hiawatha, Iowa; White State Bank, South English, Iowa; The Exchange State Bank, Springville, Iowa; and Lone Tree Service Company, Lone Tree, Iowa, which controls Farmers and Merchants Savings Bank, Iowa City, Iowa.
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: 02/20/2016
Federal Register: 02/29/2016
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, Inc., 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
STC BANCSHARES CORP. CIC Robert Greco, Wayne, Illinois; Gian Greco, Wayne, Illinois; Pasquale Greco, St. Charles, Illinois, Francesca Greco, Jaffe, St. Charles, Illinois and Eduardo Greco, St. Charles, Illinois; together as a group acting in concert, have applied to the FRB for permission to acquire over ten percent (10%) of the voting shares of STC Bancshares Corp., St. Charles, Illinois, and thereby indirectly control of STC Capital Bank, St. Charles, Illinois.
Newspaper: Not available
Federal Register: Not available


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     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