Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 7: Federal Reserve Bank of Chicago PDF
Filings received during the week ending December 17, 2022
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| ARNESON BANCSHARES, INC. | Change in Bank Control | The Ray V. Hewitt By-Pass Trust f/b/o Julie Stauffacher, with Mark Hewitt as trustee, both of Mason City, Iowa; the Ray V. Hewitt By-Pass Trust f/b/o Carrie Nicols, Iowa City, Iowa, with Mark Hewitt as trustee, Mason City, Iowa; and the Ray V. Hewitt By-Pass Trust f/b/o Mark Hewitt, Mark Hewitt as trustee, both of Mason City, Iowa, all to join the Hewitt Family Control Group and acquire voting shares Arneson Bancshares, Inc., and thereby indirectly acquire voting shares of Clear Lake Bank & Trust, both of Clear Lake, Iowa. | 01/19/2023 | 01/09/2023 |
| NORTHERN TRUST COMPANY, THE | * Branch (Domestic) | The Northern Trust Company, Chicago, Illinois, to establish a branch located at 1700 south Pavilion Center Drive, 6th Floor, Las Vegas, Nevada. | 12/23/2022 | Not applicable |
| ONE COMMUNITY BANK | * Branch (Domestic) | One Community Bank, Oregon, Wisconsin to establish a branch located in Cottage Grove, Wisconsin. | 12/21/2022 | Not applicable |
| Brookfield Bancshares, Inc. | * Branch (Domestic) | Brookfield HoldCo, Inc., Brookfield, Illinois to become a bank holding company by acquiring the voting shares of First National Bank of Brookfield, Brookfield, Illinois | Not applicable | Not applicable |
* Subject to the provisions of the Community Reinvestment Act
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 |
|---|---|---|---|---|---|
| CBI B&TC, MUSCATINE, IOWA | 830542 | 11/14/2022 | 07/18/2022 | S | Int Small Bank |
| FIRST BK OF BERNE, BERNE, INDIANA | 312244 | 05/07/2022 | 01/31/2022 | S | Int Small Bank |
| FIRST ST BK, EASTPOINTE, MICHIGAN | 113740 | 09/12/2022 | 03/14/2022 | S | Int Small Bank |
| PEOPLES BK, CLIVE, IOWA | 968249 | 12/18/2021 | 07/19/2021 | S | Int Small Bank |
| TOWN & CNTRY BK, SPRINGFIELD, ILLINOIS | 590248 | 02/13/2022 | 09/27/2021 | O | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||