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Fed roundup: Chicago Fed approves Blackhawk Bancorp/First McHenry deal

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Fed roundup: Chicago Fed approves Blackhawk Bancorp/First McHenry deal

S&P Global Market Intelligence presents a weekly roundup of notable actions of the Federal Reserve, as well as applications and reports received from banks, thrifts and credit unions. This feature excludes branch news and news previously covered by S&P Global Market Intelligence.

M&A

Beloit, Wis.-based Blackhawk Bancorp Inc. secured the Federal Reserve Bank of Chicago's approval to acquire Illinois-based First McHenry Corp. and indirectly acquire unit First National Bank of McHenry.

Financial holdco election, BHC formation

Defiance, Ohio-based SB Financial Group Inc. became a financial holding company.

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NBC Bancorp Inc. applied with the Federal Reserve Bank of New York to become a bank holding company by acquiring New York-based National Bank of Coxsackie.