Federal Reserve Bank Control Acquisition Notices: First Illinois Corporation Retention
Summary
The Federal Reserve published public notice of applications under the Change in Bank Control Act (12 U.S.C. 1817(j)) for acquiring or retaining voting shares of banks and bank holding companies. One application involves David W. Rathje, Kelly S. Rathje Brandon, the Jonathan 2012 Irrevocable Trust, the Lauren 2012 Irrevocable Trust, David J. Rathje, Rachel O. Rathje, and Roxane Rathje, acting as a group in concert, to retain voting shares of First Illinois Corporation and indirectly HPB Holdings, Inc. and Hickory Point Bank and Trust, all of Decatur, Illinois. The Federal Reserve is accepting public comments on all listed applications through May 12, 2026.
“Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Benjamin W. McDonough, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001, not later than May 12, 2026.”
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What changed
The Federal Reserve published notices of applications under the Change in Bank Control Act and Regulation Y (12 CFR 225.41) for acquiring or retaining voting shares of banks and bank holding companies. The notice makes application materials available for public inspection at the Federal Reserve Bank of Chicago and the Board's offices in Washington, DC. Interested persons may submit written comments on the enumerated applications.
Affected parties include banks, bank holding companies, and their existing shareholders who may face scrutiny of control changes. Members of the public, competing institutions, and community stakeholders may submit comments by the deadline. Applications will be reviewed under the factors enumerated in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)), which consider the financial condition of the acquirer, managerial resources, compliance with banking laws, and other relevant factors.
Archived snapshot
Apr 28, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Content
The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the
Board's Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered
in acting on the applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).
The public portions of the applications listed below, as well as other related filings required by the Board, if any, are
available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors.
This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank
and from the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm. Interested persons may express their views in writing on the standards enumerated in paragraph 7 of the Act.
Comments received are subject to public disclosure. In general, comments received will be made available without change and
will not be modified to remove personal or business information including confidential, contact, or other identifying information.
Comments should not include any information such as confidential information that would not be appropriate for public disclosure.
Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of
Governors, Benjamin W. McDonough, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001,
not later than May 12, 2026.
A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414. Comments can also be
sent electronically to Comments.applications@chi.frb.org:
- David W. Rathje, Kelly S. Rathje Brandon, the Jonathan 2012 Irrevocable Trust, with Kelly S. Rathje Brandon and David W. Rathje, as co-trustees, the Lauren 2012 Irrevocable Trust, with Kelly S. Rathje Brandon and David W. Rathje, as co-trustees, David J. Rathje, and Rachel O. Rathje, all of Decatur, Illinois; and Roxane Rathje, Chattanooga, Tennessee; a group acting in concert, to retain voting shares of First Illinois Corporation, and thereby indirectly retain voting shares of HPB Holdings, Inc. and Hickory Point Bank and Trust, all of Decatur, Illinois.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell, Associate Secretary of the Board. [FR Doc. 2026-08161 Filed 4-24-26; 8:45 am] BILLING CODE P
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