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 August 24, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| ANDERSON BANCORP, INC. | Change in Bank Control | Notice by Richard D. Anderson of Dahinda, IL, individually, and as a trustee of the Mary Jan Anderson Trust, Galesburg, IL; Andrew V. Anderson, Monument, CO; Megan L. Compton, Oneida, IL; and Wesley J. Anderson, Oneida, IL to form the Anderson Family Control Group, a group acting in concert, for approval to control more than 25 percent of voting shares of Anderson Bancorp and thereby indirectly control Anderson State Bank, both of Oneida, Illinois. | 08/30/2024 | 08/28/2024 |
* 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 |
|---|---|---|---|---|---|
| CHELSEA ST BK, CHELSEA, MICHIGAN | 711548 | 06/10/2024 | 02/26/2024 | S | Int Small Bank |
| COMMUNITY ST BK, AVILLA, INDIANA | 502746 | 06/15/2024 | 03/04/2024 | S | Int Small Bank |
| EASTERN MI BK, CROSWELL, MICHIGAN | 643340 | 01/20/2024 | 07/17/2023 | S | Int Small Bank |
| GUARANTY BK, SPRINGFIELD, MISSOURI | 3804535 | 03/31/2024 | 05/01/2023 | S | Int Small Bank |
| IOWA ST BK, HULL, IOWA | 982348 | 07/21/2024 | 04/01/2024 | S | Int Small Bank |
| OXFORD BK, OXFORD, MICHIGAN | 448040 | 02/16/2024 | 05/15/2023 | S | Int Small Bank |
| TRI-COUNTY BK, BROWN CITY, MICHIGAN | 695349 | 04/06/2024 | 08/14/2023 | S | Int Small Bank |
| WASHINGTON ST BK, WASHINGTON, IOWA | 433943 | 05/05/2024 | 01/22/2024 | S | Int Small Bank |
CRA Examinations scheduled for Fourth Quarter of 2024 (October 1, 2024 - December 31, 2024) and First Quarter of 2025 (January 1, 2025 - March 31, 2025)
| Institution | Location | Quarter |
|---|---|---|
| CHOICEONE BK | SPARTA, MICHIGAN | Fourth Quarter of 2024 |
| COMMUNITY ST BK | ANKENY, IOWA | Fourth Quarter of 2024 |
| BANK OF BRODHEAD | BRODHEAD, WISCONSIN | First Quarter of 2025 |
| FIRST BK OF BERNE | BERNE, INDIANA | First Quarter of 2025 |
| ONE CMNTY BK | OREGON, WISCONSIN | First Quarter of 2025 |
| THUMB B&TC | PIGEON, MICHIGAN | First Quarter of 2025 |