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 November 21, 2020

Filer Filing Type Filing Proposal End of Comment Period
ALLIANCE BANCORP CIC Alliance Bancorp Employee Stock Ownership Plan with 401(k) Provisions, Francesville, Indiana, together with Shane R. Pilarski, Francesville, Indiana, Ronald K. Kruger, Francesville, Indiana, and Alyssa M. Chapman, Winamac, Indiana, as administrators, and as a group acting in concert, to retain control of 10 percent or more of the voting shares of Alliance Bancorp, Francesville, Indiana, and thereby indirectly control Alliance Bank, Francesville, Indiana.
Newspaper: Not available
Federal Register: 12/08/2020
CBI BANK & TRUST * 18C
* Branch
CBI Bank & Trust, Muscatine, Iowa to merge with The Farmers and Mechanics Bank, Galesburg, Illinois and thereby establish branches at the following locations: 1230 N Henderson St, Galesburg, Illinois; 2616 Veterans Dr, Galesburg, Illinois; 21 E Main St, Galesburg, Illinois; 123 E Knoxville St, Brimfield, Illinois; and 4900 N Glen Park Pl, Peoria, Illinois.
Newspaper: Not available
Federal Register: Not applicable
DELHI BANCSHARES, INC. CIC Tamara L. Danover, Marion, Iowa, and Terry D. Cooper, Cedar Rapids, Iowa, individually and as trustees of the Delhi Bancshares, Inc. Subtrust, Marion, Iowa, the Delhi Bancshares, Inc. Subtrust, Marion, Iowa, together with Barbara A. Cooper, Robins, Iowa, individually and as trustee of the Delhi Bancshares, Inc. Revocable Trust, Robins, Iowa, the Delhi Bancshares, Inc. Revocable Trust, Robins, Iowa, Tad C. Cooper, Cedar Rapids, Iowa, and Tony A. Cooper, Batavia, Illinois, as a group acting in concert, to retain 25 percent or more of the shares and thereby control of Delhi Bancshares, Inc. and indirectly control Heritage Bank, both of Marion, Iowa.
Newspaper: Not available
Federal Register: 12/10/2020
FIRST FARMERS BANK & TRUST CO. * Branch First Farmers Bank & Trust, Converse, Indiana, to establish a branch located at 858 N Broadway, Peru, Indiana.
Newspaper: 12/01/2020
Federal Register: Not applicable
FIRST MID BANCSHARES, INC. * 3A5 First Mid Bancshares Inc., Mattoon, Illinois to acquire 100 percent of LINCO Bancshares, Inc., and thereby indirectly acquire Providence Bank, both of Columbia, Missouri.
Newspaper: Not available
Federal Register: 12/18/2020
FIRST STATE BANK HOLDING COMPANY CIC Notice by CCG Trust, Pleasant Hill, Iowa, Curtis Gause, Pleasant Hill, Iowa, as trustee, and Stephen J. Barnhouse, Vero Beach, Florida, to join the Gause Family Control Group approved on August 3, 2012, and retain control of 25 percent or more of First State Bank Holding Company, and thereby indirectly control of First State Bank, both of Lynnville, Iowa.
Newspaper: 12/01/2020
Federal Register: 12/02/2020
INDEPENDENCE BANCSHARES, INC. * 3A3 Independence Bancshares, Inc., Independence, Iowa, to acquire 100 percent of First State Bank, Sumner, Iowa.
Newspaper: Not available
Federal Register: 12/21/2020
RESOURCE BANCSHARES, INC. CIC Notice by the Richard J. Katz Trust No. 101, with Richard J. Katz as trustee both of Sycamore, Illinois; the Kathleen S. Katz Trust No. 102, with Kathleen S. Katz as trustee both of Sycamore, Illinois; Brian J. Katz, Tampa, Florida; Stephanie K. Korth, Sycamore, Illinois; Adam Katz, Sycamore, Illinois; the Richard J. Katz Irrevocable Trust, with Peter J. Wilder as trustee, both of Milwaukee, Wisconsin; and minor grandchildren to acquire and retain 25 percent or more control of the voting shares of Resource Bancshares, Inc. and thereby indirectly control Resource Bank, National Association, both of DeKalb, Illinois.
Newspaper: Not available
Federal Register: 10/28/2020
VANGUARD GROUP, INC. CIC Notice by The Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates (together with The Vanguard Group, Inc., "Vanguard"), and the investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard, to acquire aggregate control of 15 percent or more of the voting shares of Northern Trust Corporation, parent of The Northern Trust Company, both of Chicago, Illinois.
Newspaper: Not available
Federal Register: Not available
VANGUARD GROUP, INC. CIC Notice by The Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates (together with The Vanguard Group, Inc., "Vanguard"), and the investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard, to acquire aggregate control of 15 percent or more of the voting shares of Discover Financial Services, Riverwoods, Illinois, parent of Discover Bank, Greenwood, Delaware.
Newspaper: Not available
Federal Register: Not available
VEEDERSBURG BANK CORPORATION CIC Notice by David A. Songer, Veedersburg, Indiana, through joint ownership and as president of Songer Farms, Inc., Veedersburg, Indiana, individually, and together with Jahn S. Songer, Beverly D. Songer, and minor children, all of Veedersburg, Indiana; Tracy Songer Wright, Columbus, Indiana; Barbara L. Songer, Rotonda West, Florida; Suzanne N. Kunkle and Aaron H. Kunkle, both of Indianapolis, Indiana; and Marci S. Roark, Navarre, Florida, to join Stephen A. Songer, Veedersburg, Indiana, and form the Songer Family Control Group, a group acting in concert to retain 25 percent or more of the voting shares of Veedersburg Bank Corporation, and thereby indirectly control CentreBank, both of Veedersburg, Indiana.
Newspaper: 11/15/2020
Federal Register: 11/17/2020


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 First Quarter of 2021 (January 1, 2021 - March 31, 2021) and Second Quarter of 2021 (April 1, 2021 - June 30, 2021)

Institution Location Quarter
BANK WAPELLO, IOWAFirst Quarter of 2021
BANK OF BRODHEAD BRODHEAD, WISCONSINFirst Quarter of 2021
COMMERCIAL SVGS BK CARROLL, IOWAFirst Quarter of 2021
FNNB BK NEWTON, IOWAFirst Quarter of 2021
INDEPENDENT BK GRAND RAPIDS, MICHIGANFirst Quarter of 2021
IOWA ST BK HULL, IOWAFirst Quarter of 2021
LAKE CITY BK WARSAW, INDIANAFirst Quarter of 2021
QUAD CITY B&TC BETTENDORF, IOWAFirst Quarter of 2021
RUSHVILLE ST BK RUSHVILLE, ILLINOISFirst Quarter of 2021
STATE BK GENEVA GENEVA, ILLINOISFirst Quarter of 2021
THUMB B&TC PIGEON, MICHIGANFirst Quarter of 2021
1ST SOURCE BK SOUTH BEND, INDIANASecond Quarter of 2021
AMERICAN ST BK OSCEOLA, IOWASecond Quarter of 2021
BANK MI BROOKLYN, MICHIGANSecond Quarter of 2021
BANK OF PONTIAC PONTIAC, ILLINOISSecond Quarter of 2021
FARMERS & MRCH BK BERLIN, WISCONSINSecond Quarter of 2021
FIRST IA ST BK KEOSAUQUA, IOWASecond Quarter of 2021
ISABELLA BK MOUNT PLEASANT, MICHIGANSecond Quarter of 2021
JOHNSON BK RACINE, WISCONSINSecond Quarter of 2021
NORTHSIDE CMNTY BK GURNEE, ILLINOISSecond Quarter of 2021
PEOPLES BK CLIVE, IOWASecond Quarter of 2021
WAUKON ST BK WAUKON, IOWASecond Quarter of 2021

* 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