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 March 15, 2025

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FilerFiling TypeFiling ProposalEnd of Comment Period
NewspaperFederal Register
ALLY BANKPublic Welfare InvestmentAlly Bank, Sandy, Utah to make up to a public welfare investment, pursuant to section 208.22(b)(1)(iv)(A) of Regulation H.Not applicableNot applicable
ALLY BANKPublic Welfare InvestmentAlly Bank, Sandy, Utah to make up to a public welfare investment, pursuant to section 208.22(b)(1)(iv)(A) of Regulation H. Not applicableNot applicable
BANK* 18C
* 3A3
* Branch (Domestic)		BANK, Wapello, Iowa to merge with First Trust and Savings Bank, Coralville, Iowa, and thereby establish branches at 1831 2nd Street, Coralville, Iowa and 102 Augusta Avenue, Oxford, Iowa. Not availableNot available
LONGVIEW CAPITAL CORPORATION* 3A3Longview Capital Corporation, Newman, Illinois to acquire Middletown State Bank, Middletown, Illinois. Not available04/03/2025
MERCHANTS BANCORPChange in Bank ControlNotice by The Petrie Grandchildren Trust (12/27/2019), Carmel, Indiana with Julia L. Kaercher, Carmel, Indiana, Emily J. Pell, Denver, Colorado, and Jody Petrie, Carmel, Indiana as co-trustees, Kaercher Children GST Trust (10/29/2021), Carmel, Indiana with Emily J. Pell, Denver, Colorado as trustee, Kaercher Children GST Trust (12/08/2020), Carmel, Indiana, with Emily J. Pell, Denver, Colorado as trustee and Julia L. Kaercher, Carmel, Indiana, to retain voting shares of Merchants Bancorp and thereby indirectly retain voting shares of Merchants Bank of Indiana, both of Carmel, Indiana. Additionally, Emily J Pell, Denver, Colorado, to acquire voting shares of Merchants Bancorp and thereby indirectly acquire voting shares of Merchants Bank of Indiana, both of Carmel, Indiana.Not availableNot 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.

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Institution / LocationRSSD IDExam DateCRA Public DateCRA RatingExam Method
BANK OF PONTIAC, PONTIAC, ILLINOIS93044210/25/202407/15/2024SInt Small Bank
CHELSEA ST BK, CHELSEA, MICHIGAN71154806/10/202402/26/2024SInt Small Bank
COMMUNITY ST BK, AVILLA, INDIANA50274606/15/202403/04/2024SInt Small Bank
GNB BK, GRUNDY CENTER, IOWA72474402/08/202511/18/2024SInt Small Bank
GUARANTY BK, SPRINGFIELD, MISSOURI380453503/31/202405/01/2023SInt Small Bank
IOWA ST BK, HULL, IOWA98234807/21/202404/01/2024SInt Small Bank
TRI-COUNTY BK, BROWN CITY, MICHIGAN69534904/06/202408/14/2023SInt Small Bank
WASHINGTON ST BK, WASHINGTON, IOWA43394305/05/202401/22/2024SInt Small Bank
CRA Examinations scheduled for    Quarter of
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Last Update: March 25, 2025