Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending May 20, 2006

Filer Filing Type Filing Proposal End of Comment Period
HOMETOWN OF HOMESTEAD, INC. * 3A1
* 3A3
Hometown of Homestead, Inc., Ft. Pierce, Florida (Hometown), to become a bank holding company by acquiring 100 percent of the outstanding shares of First of Homestead, Inc., and its subsidiary, 1st National Bank of South Florida (Bank), both of Homestead, Florida. Also enclosed are the applications by Hometown Banking Company, Ft. Pierce, Florida, to acquire 30 percent of the outstanding shares of Hometown and Bank; The Prosperity Banking Company, Inc., St. Augustine, Florida, to acquire 10 percent of the outstanding shares of Hometown and Bank; and Riverside Gulf Coast Banking Company, Cape Coral, Florida, to acquire 10 percent of the outstanding shares of Hometown and Bank. Hometown will change its name to Hometown of Homestead Banking Company after consummation.
Newspaper: 06/09/2006
Federal Register: 05/15/2006
MID-AMERICA BANCSHARES, INC. * 3A1 Mid-America Bancshares, Inc., Nashville, Tennessee, to become a bank holding company by acquiring 100 percent of the voting shares of Bank of the South, Mt. Juliet, Tennessee, and PrimeTrust Bank, Nashville, Tennessee.
Newspaper: Not available
Federal Register: Not available
MOUNTAIN COMMERCE BANCORP, INC. * 3A1 Mountain Commerce Bancorp, Inc., Johnson City, Tennessee, to become a bank holding company by acquiring 100 percent of the outstanding shares of Erwin National Bank, Erwin, Tennessee.
Newspaper: 06/12/2006
Federal Register: 06/15/2006
REGIONS BANK * Branch Regions Bank, Birmingham, Alabama, to establish a branch located at 275 Gunter Avenue, Guntersville, Alabama.
Newspaper: 05/25/2006
Federal Register: Not applicable
REGIONS BANK * Branch Regions Bank, Birmingham, Alabama, to establish a branch located at 1450 Greene Street, Augusta, Georgia.
Newspaper: 05/26/2006
Federal Register: Not applicable
SUNTRUST BANK * Branch SunTrust Bank, Atlanta, Georgia, to establish branches at the following locations: 308 High Tide Drive, St. Augustine, Florida, to be known as the Anastasia Island Office; and 100 Town Center Parkway, Jacksonville, Florida, to be known as the St. Johns Town Center Office.
Newspaper: 05/29/2006
Federal Register: Not applicable
SUNTRUST BANK * Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located at 15753 Pines Boulevard, Pembroke Pines, Florida, to be known as the Pines at Paraiso Office.
Newspaper: 05/26/2006
Federal Register: Not applicable


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
PILOT BK, TAMPA, FLORIDA 318835 01/23/2006 05/15/2006 S Small Bank


CRA Examinations scheduled for Third Quarter of 2006 (July 1, 2006 - September 30, 2006)

Institution Location
AMSOUTH BK BIRMINGHAM, ALABAMA
AUBURNBANK AUBURN, ALABAMA
FIRST S BK BOCA RATON, FLORIDA
INDEPENDENT BKR BK OF FL LAKE MARY, FLORIDA
PREMIER BK OF THE S GOOD HOPE, ALABAMA
TENNESSEE ST BK PIGEON FORGE, TENNESSEE

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco