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 January 13, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| ARBOR BANCORP, INC. | Other BHC Filing | Arbor Bancorp Inc., a Michigan Corporation and registered financial holding company, explanation and permissibility regarding certain venture capital fund investments made. | Not applicable | Not applicable |
| EASTON BANCSHARES, INC. | Change in Bank Control | Sue Ann McClaren, Denver, Colorado, individually to become the largest shareholder and retain voting shares of Easton Bancshares, Inc., and thereby retain voting shares of Community Bank of Easton, both of Easton, Illinois. | Not available | Not available |
| FIRST BANCORP OF TAYLORVILLE, INC. | Change in Bank Control | Notice by Beth E. Brotherton, Taylorville, Illinois; Thomas Matthew Beavers, Mount Zion, Illinois; to acquire and to retain voting shares of First Bancorp of Taylorville Inc., and thereby indirectly acquire and retain voting shares of First National Bank in Taylorville, both of Taylorville, Illinois and First Security Bank, Mackinaw, Illinois. In addition, together with the Revocable Trust Agreement No. 060134, James O. Beavers, trustee, as a group acting in concert, to form the Beavers Family Control Group. | Not available | Not available |
| FIRST BUSEY CORPORATION | * 3A5 | First Busey Corporation, Champaign, Illinois, to merge with Merchants and Manufacturers Bank Corporation, Channahon, Illinois and thereby indirectly acquire Merchants and Manufacturers Bank, Joliet, Illinois. | Not available | 02/05/2024 |
| FORWARD MUTUAL HOLDING COMPANY | * Acquisition | Forward Mutual Holding Company and Forward Financial, Inc., both of Marshfield, Wisconsin, to acquire Lake City Federal Bank, Lake City, Minnesota. | 02/12/2024 | Not available |
| MIDLAND CAPITAL HOLDINGS CORPORATION | * Acquisition | Midfed Acquisition Corp., Wilmington, Delaware is proposing to become a savings and loan holding company through the acquisition of 100 percent of the voting shares of Midland Capital Holdings Corporation and thereby indirectly acquire Midland Federal Savings and Loan Association, both of Bridgeview, Illinois, pursuant to section 10(e) of HOLA. | Not available | 01/05/2024 |
| NORTHSTAR FINANCIAL GROUP, INC. | * 3A3 | Northstar Financial Group, Inc., Bad Axe Michigan, to acquire Mainstreet Community Bank of Florida, DeLand, Florida. | Not available | 02/15/2024 |
| 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 and The First National Bank of Beardstown, Beardstown, Illinois. | Not available | 10/27/2023 |
| PETEFISH, SKILES BANCSHARES, INC. | Change in Bank Control | Notice by Andrew Prather, Tina Prather, both of Petersburg, Illinois, Elizabeth A. Prather, Virginia, Illinois, and the Laura J. Prather Trust, Creve Coeur, Missouri, Laura J. Prather, Trustee, Creve Coeur, Missouri, 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 and The First National Bank of Beardstown, Beardstown, Illinois. | Not available | 11/16/2023 |
| TRI-COUNTY FINANCIAL GROUP, INC. | Change in Bank Control | Castle Creek Capital Partners VI, San Diego, California, to acquire voting shares of Tri-County Financial Group, Inc., and thereby indirectly acquire voting shares of First State Bank, both of Mendota, 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 |
|---|---|---|---|---|---|
| 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: January 18, 2024