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 August 5, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| CLARK BANCSHARES, INC. | Listed Going Concern | Clark Bancshares, Inc., Clarks, Nebraska, to engage in insurance activities through the acquisition of substantially all of the assets of M & L Cave, Inc., d/b/a Silver Creek Insurance Agency. | Not applicable | 08/29/2023 |
| Commerce Financial Company | * 3A1 | Commerce Financial Company, Duncan, Oklahoma, to become a bank holding company by merging with Commerce Bancorp, Inc. Duncan, Oklahoma, thereby indirectly acquiring Bank of Commerce, Duncan, Oklahoma. | 08/31/2023 | 09/13/2023 |
| FARMERS BANCSHARES, INC. | Change in Bank Control | Sharon Meek, Rogers, Arkansas, to retain voting shares of Farmers Bancshares, Inc., and thereby indirectly retain voting shares of Independent Farmers Bank, both of Maysville, Missouri. | Not available | 07/27/2023 |
| JONAH BANKSHARES | Change in Bank Control | The Luck and Guts Trust and Trudi Holthouse as trustee, all of Casper, Wyoming, to acquire voting shares of Jonah Bankshares, Inc. and thereby indirectly acquire voting shares of Jonah Bank, all of Casper, Wyoming. | 08/07/2023 | 08/28/2023 |
| Savile Capital Group LLC | * 3A1 Election (Domestic) | Savile Capital Group LLC, Sheridan, Wyoming, to become a bank holding company through the acquisition of Farmers State Bankshares, Inc., and thereby indirectly acquire Wyoming Bank & Trust, both of Cheyenne, Wyoming. | 09/01/2023 | 09/08/2023 |
* 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 |
|---|---|---|---|---|---|
| FIRST OPTION BK, OSAWATOMIE, KANSAS | 285852 | 06/16/2023 | 03/06/2023 | S | Int Small Bank |
| FIVE POINTS BK, GRAND ISLAND, NEBRASKA | 554857 | 06/10/2023 | 03/13/2023 | O | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||