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 November 4, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| EASTERN MICHIGAN BANK | * Branch (Domestic) | Eastern Michigan Bank, Croswell, Michigan, to establish a branch located at 355 South Parker Street, Marine City, Michigan. | 10/27/2023 | Not applicable |
| FIRST STATE ASSOCIATES, INC. | Change in Bank Control | Notice by the Orville A. Rehder 2nd Revocable Living Trust, with Orville A. Rehder as trustee; Jeffrey A. Rehder; and Steve C. Rehder, all of Hawarden, Iowa, as a group acting in concert, to acquire voting shares of First State Associates, Inc., Hawarden, Iowa, and thereby indirectly acquire voting shares of Rivers Edge Bank, Marion, South Dakota. | Not available | 11/20/2023 |
| IXONIA BANCSHARES, INC. | Change in Bank Control | Kristine L. MacDonald Ixonia Trust, Joan P. Lubar Ixonia Trust, Susan A. Lubar Ixonia Trust and Sheldon B. and Marianne Lubar Ixonia Trust, each of Milwaukee, Wisconsin with David J. Lubar of Fox Point, Wisconsin as trustee; Ixonia Control Trust of Milwaukee, Wisconsin, with David J. Lubar of Fox Point Wisconsin as trustee and Patrick Lubar of Fox Point, Wisconsin as secondary trustee; and David J. Lubar Ixonia Trust of Milwaukee, Wisconsin, with Patrick Lubar of Fox Point, Wisconsin as trustee to join the Lubar Family Control Group, and acquire voting shares of Ixonia Bancshares, Inc. and thereby indirectly control Ixonia Bank, both of Ixonia, Wisconsin. Additionally, Ixonia Bancshares Investors, LP, a Delaware limited partnership and qualified family partnership, with the Ixonia Control Trust, Ixonia Control Trust, David J. Lubar as Trustee, all of Ixonia, Wisconsin, as general partner to join the Lubar Family Control Group and acquire shares in Ixonia Bancshares, Inc. and thereby indirectly control Ixonia Bank, both of Ixonia, Wisconsin. | Not available | Not available |
| MIDWESTONE FINANCIAL GROUP, INC. | Waiver | MidWestOne Financial Group, Inc. is requesting a waiver regarding its proposed acquisition of Denver Bankshares, Inc. and its wholly-owned banking subsidiary, the Bank of Denver. | Not applicable | Not applicable |
| NORTHERN TRUST COMPANY, THE | * Branch (Domestic) | The Northern Trust Company, Chicago, Illinois to establish a branch located at 390 Park Avenue, New York, NY 10022. | Not available | Not applicable |
| PETEFISH, SKILES BANCSHARES, INC. | Change in Bank Control | Notice by George Bley, II & Michelle Bley, both of Palm Harbor, Florida, and Jan E. Rhode, Springfield, Illinois, with the Bley Family Control Group, a group acting in concert, to retain the voting shares of Petefish, Skiles Bancshares, Inc. and thereby indirectly retain voting shares of Petefish, Skiles & Company, both of Virginia, Illinois. | Not available | 10/27/2023 |
| PETEFISH, SKILES BANCSHARES, INC. | Change in Bank Control | Notice by Andrew L. & Tina Prather, Petersburg, IL, individually, Elizabeth A. Prather, Virginia, IL, individually, and Laura J. Prather, Creve Coeur, MO, individually and as trustee of the Laura J. Prather Trust, and all acting in concert with the Prather Family Control Group for approval to retain the voting shares of Petefish, Skiles Bancshares, Inc. and thereby indirectly retain voting shares of Petefish, Skiles & Company, both of Virginia, Illinois. | Not available | 11/16/2023 |
| PETEFISH, SKILES BANCSHARES, INC. | Change in Bank Control | Notice by Nancy Bley Cowen, Bearston, Illinois, to retain voting shares of Petefish, Skiles Bancshares, Inc. and thereby indirectly retain voting shares of Petefish, Skiles & Company, both of Virginia, Illinois. | Not available | Not available |
| TREYNOR BANCSHARES, INC. | * 3A3 | Treynor Bancshares, Inc., Treynor, Iowa, to acquire common shares of TS Contrarian Bancshares, Inc., Treynor, Iowa, and thereby indirectly acquire voting shares of Bank of Tioga, Tioga, North Dakota, and First National Bank and Trust Company, Clinton, Illinois. In addition, the Joshua Guttau Generational Irrevocable Trust and the Heidi A. Guttau Generational Irrevocable Trust intend to apply to the Federal Reserve board to each acquire 10 percent of more of common shares of Treynor Bancshares, Treynor, Iowa, and thereby indirectly acquire voting shares of TS Bank, Treynor, Iowa. . Simultaneously with the previously described share purchases of TS Contrarian Bancshares, Inc., TS Contrarian Bancshares, Inc. will be merged into Treynor Bancshares, Inc. with Treynor Bancshares, Inc. being the survivor, and thereby indirectly acquire Bank of Tioga, Tioga, North Dakota, and First National Bank and Trust Company, Clinton, Illinois. | Not available | Not available |
* 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 |
| NORTHSTAR BK, BAD AXE, MICHIGAN | 2958972 | 07/10/2023 | 02/06/2023 | 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 | ||
Last Update: November 09, 2023