Community Reinvestment Act

Under the Federal Community Reinvestment Act (C.R.A.), the Federal Reserve Board (Board) evaluates our record of helping to meet the credit needs of this community consistent with safe and sound operations. The board also takes this record into account when deciding on certain applications submitted by us. Your involvement is encouraged.

You are entitled to certain information about our operations and our performance under the C.R.A., including, for example: information about our offices, such as their location and services provided at them; the public section of our most recent C.R.A. performance evaluation, prepared by the Federal Bank of Chicago (Reserve Bank); and comments received from the public relating to our performance in helping to meet community credit needs, as well as our responses to those comments. You may review this information today.

At least 30 days before the beginning of each quarter, the Federal Reserve System publishes a list of the banks that are scheduled for C.R.A. examination by the Reserve Bank in that quarter. This list is available from the Division of Compliance and Consumer Affairs, Federal Reserve Bank of Chicago, 230 South LaSalle Street, PO Box 834, Chicago, IL 60604. You may send written comments about our performance in helping to meet community credit needs to Gary Beggs, President, Bank Iowa, 101 North 15th Street, Clarinda, IA 51632, and Officer in Charge of Supervision, Federal Reserve Bank of Chicago, 230 South LaSalle Street, PO Box 834, Chicago, IL 60604. Your letter, together with any response by us, will be considered by the Federal Reserve System in evaluation of our C.R.A. performance and may be made public.

You may ask to look at any comments received by the Reserve Bank. You may also request, from the Reserve Bank, an announcement of our applications covered by the C.R.A. filed with the Reserve Bank. We are an affiliate of Bank Iowa Corporation, a bank holding company. You may request, from the Officer in Charge of Supervision, Federal Reserve Bank of Chicago, 230 South LaSalle Street, PO Box 834, Chicago, IL 60604, an announcement of applications by the C.R.A. file by bank holding companies.