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 20, 2021

Filer Filing Type Filing Proposal End of Comment Period
BYLINE BANCORP, INC. CIC Maria Blanca del Valle Perochena, Mexico City, Mexico; and Maria de Guadalupe del Valle Perochena, Mexico City, Mexico; to become limited partners in MBG Investors I, L.P., Ontario, Canada, thereby indirectly acquiring voting shares of Byline Bancorp, Inc. and Byline Bank, both of Chicago, Illinois.
Newspaper: Not available
Federal Register: Not available
COMMERCIAL FINANCIAL CORP. CIC Carrie L. Brown, Storm Lake, Iowa; Joleen M. Brown, Spirit Lake, Iowa; Timothy J. Brown CFC Revocable Trust, Timothy J. Brown, as trustee, both of Storm Lake, Iowa; John C. Brown CFC Revocable Trust, John C. Brown, as trustee, both of Spirit Lake, Iowa; John C. Brown 2020 DGT Exempt Trust, Paul Brown, as trustee, both of Spirit Lake, Iowa; Joleen M. Brown 2021 DGT Exempt Trust, Paul Brown, as trustee, both of Spirit Lake, Iowa; and CFC Control Trust, Nick Brown, as trustee, both of Storm Lake, Iowa; to become members of the Brown Family Control Group, a group acting in concert, to acquire voting shares of Commercial Financial Corp., and thereby indirectly acquire voting shares of Central Bank, both of Storm Lake, Iowa.
Newspaper: Not available
Federal Register: 11/26/2021
EASTERN MICHIGAN BANK * Branch East Michigan Bank, Croswell, Michigan to establish a branch at 1430 Military Street, Port Huron, Michigan.
Newspaper: 07/26/2021
Federal Register: Not applicable
NORTHERN TRUST COMPANY, THE PWI The Northern Trust Company, Chicago, Illinois provided prior notice of its public welfare investment of $15,000,000 in NDC Corporate Equity Fund XVIII, L.P., pursuant to section 208.22(b)(1)(iv)(A) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
SPRING BANCORP, INC. CIC Tom E. Marantz, Springfield, Illinois, as trustee of the Tom E. Marantz Exempt Trust; the Tom E. Marantz Exempt Trust; Marla J. Marantz, Springfield, Missouri, as trustee of the Marla J. Marantz Exempt Trust; and the Marla J. Marantz Exempt Trust; Gregory Marantz, Springfield, Illinois, as Trustee of the Gregory R. Marantz Spring Bancorp Irrevocable Trust; Jennifer Marantz, St. Louis, Missouri, as Trustee of the Jennifer A. Marantz Spring Bancorp Irrevocable Trust; and, Melissa Knoedler, Bloomington, Illinois, as Trustee of the Melissa L. Knoedler Spring Bancorp Irrevocable Trust to be added to the Marantz family control group to acquire voting shares of Spring Bancorp, Inc., Springfield, Illinois, and thereby acquire voting shares of Bank of Springfield, Springfield, 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
FIRST BK, WAVERLY, IOWA 376442 08/23/2021 11/14/2021 S Int Small Bank


CRA Examinations scheduled for First Quarter of 2022 (January 1, 2022 - March 31, 2022) and Second Quarter of 2022 (April 1, 2022 - June 30, 2022)

Institution Location Quarter
FIRST BK OF BERNE BERNE, INDIANAFirst Quarter of 2022
FIRST CMNTY BK HARBOR SPRINGS, MICHIGANFirst Quarter of 2022
FIRST EAGLE BK CHICAGO, ILLINOISFirst Quarter of 2022
FIRST ST BK EASTPOINTE, MICHIGANFirst Quarter of 2022
HARTSBURG ST BK HARTSBURG, ILLINOISFirst Quarter of 2022
SAINT ANSGAR ST BK SAINT ANSGAR, IOWAFirst Quarter of 2022
STATE BK SPENCER, IOWAFirst Quarter of 2022
CENTRAL ST BK ELKADER, IOWASecond Quarter of 2022
CONNECTION BK FORT MADISON, IOWASecond Quarter of 2022
CUSB BK CRESCO, IOWASecond Quarter of 2022
FAIRMOUNT ST BK FAIRMOUNT, INDIANASecond Quarter of 2022
FARMERS ST BK WESTERN IL ALPHA, ILLINOISSecond Quarter of 2022
FIRST BK HAMPTON HAMPTON, IOWASecond Quarter of 2022
FNB BK FONTANELLE, IOWASecond Quarter of 2022
GRAND RIVER BK GRANDVILLE, MICHIGANSecond Quarter of 2022
HENDRICKS CTY B&TC BROWNSBURG, INDIANASecond Quarter of 2022
MAQUOKETA ST BK MAQUOKETA, IOWASecond Quarter of 2022
SECURITY SVGS BK GOWRIE, IOWASecond Quarter of 2022
WAYNE B&TC CAMBRIDGE CITY, INDIANASecond Quarter of 2022

* 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