Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 10: Federal Reserve Bank of Kansas City PDF
Filings received during the week ending May 6, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| MORGAN CAPITAL CORPORATION | Change in Bank Control | John Sneed, individually, and as trustee of the FMS Bank Employee Stock Ownership and 401K Trust, to retain voting shares of Morgan Capital Corporation, and thereby indirectly acquire voting shares of FMS Bank; all of Fort Morgan, Colorado, and to form the Sneed Family Group, a group acting in concert. In addition, Mary Sneed, Fort Morgan, Colorado, to retain Morgan Capital Corporation shares and join the Sneed Family Group. | Not available | Not available |
| STOCKGROWERS STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN | * 3A3 | Stockgrowers State Bank Employee Stock Ownership Plan, Ashland, Kansas, to acquire additional voting shares up to 39 percent of Stockgrowers Banc Corporation, Ashland, Kansas, and thereby indirectly acquire additional shares of Stockgrowers State Bank, Ashland, Kansas; and Peoples Bank, Coldwater, Kansas. | Not available | 06/02/2023 |
* 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 |
|---|---|---|---|---|---|
| PEOPLES BK, PRATT, KANSAS | 530655 | 07/11/2022 | 04/25/2022 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||