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 June 10, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BOSSHARD FINANCIAL GROUP, INC. | Change in Bank Control | Dairyland Bank Holding Corporation, La Crosse, WI, and its shareholders, William Bosshard, and Andrew Bosshard, Joseph Bosshard, Makenzie Bosshard, Carlista Bosshard, and John Bosshard as Tenants in Common, intend to apply to the Federal Reserve Board for permission to become members of the Bosshard Family Control Group, a group acting in concert, to acquire less than 5 percent of the voting shares of Bosshard Financial Group, Inc., La Crosse, Wisconsin, and thereby indirectly acquire voting shares of One Community Bank, Oregon, Wisconsin. | Not available | 06/29/2023 |
| NORTHERN TRUST COMPANY, THE | Investment | The Northern Trust International Banking Corporation, Jersey City, New Jersey, a wholly-owned edge corporation of The Northern Trust Company, Chicago, Illinois, to establish Northern Trust MENA RHQ, a newly formed Saudi Arabian entity, as a subsidiary, pursuant to Section 211.9(f) Regulation K. | ||
| ONE COMMUNITY BANK | * 18C * Branch (Domestic) | One Community Bank, Oregon, Wisconsin to merge with Farmers State Bank - Hillsboro, Hillsboro, Wisconsin, pursuant to section 18(c) of the Federal Deposit Insurance Act. As a result of the merger, One Community Bank will establish branches located at 726 Water Avenue, Hillsboro, Wisconsin; 119 Main Street, La Farge, Wisconsin; 111 W Wisconsin Avenue, Readstown, Wisconsin; 226 Center Street, Wonewoc, Wisconsin; and 435 Bridge Street, Wonewoc, Wisconsin, pursuant to section 9 of the Federal Reserve Act. | Not available | 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 ST BK, EASTPOINTE, MICHIGAN | 113740 | 09/12/2022 | 03/14/2022 | S | Int Small Bank |
| ONE CMNTY BK, OREGON, WISCONSIN | 247140 | 04/28/2023 | 11/28/2022 | S | Int Small Bank |
| VISIONBANK OF IA, AMES, IOWA | 269049 | 05/21/2023 | 02/27/2023 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||