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 June 9, 2007

Filer Filing Type Filing Proposal End of Comment Period
BANCOLOMBIA S.A. 4c8 Bancolombia S.A., Medellin, Columbia, proposes to acquire Bienes y Servicios,S.A., Santa Tecla, El Salvador, and thereby engage in activities related to money transfer services and selling prepaid calling cards. The activities will be engaged in pursuant to 12 C.F.R. 225.28(b)(14) and prior Board Orders (see Midland Bank, PLC, 76 Fed. Res. Bull. 860 (October 1990); Norwest Corporation, 81 Fed. Res. Bull. 1130 (December 1995); and Popular, Inc., 84 Fed. Res. Bull. 481 (June 1998 (prepaid telephone cards). See also BankBoston Corporation, et. al., 85 Fed. Res. Bull. 582 (August 1999) (electronic fund transfer related data processing and transmission services); The Bank of Nova Scotia, et. al., 83 Fed. Res. Bull. 127 (February 1997) (foreign exchange clearing and settlement services); CoreStates Financial Corp., et. al., 79 Fed. Res. Bull. 1158 (December 1993) (electronic payments devices); Avantor Financial Corporation, 76 Fed. Res. Bull. 779 (September 1990) (electronic fund transfer services); Citicorp, 68 Fed. Res. Bull. 505 (August 1982) (electronic fund transfers and check clearing and collection services).
Newspaper: Not applicable
Federal Register: Not available
FIRST BOAZ BANCORPORATION 4c8 First Boaz Bancorporation, to acquire 100 percent of the outstanding shares of First Bank Mortgage Services, Inc., both of Boaz, Alabama, and thereby engage de novo in making, acquiring, brokering, or servicing loans or other extensions of credit.
Newspaper: Not applicable
Federal Register: Not applicable
FIRST GEORGIA COMMUNITY BANK * Branch First Georgia Community Bank, Jackson, Georgia, to establish a branch located at 361 Wilson Road, Griffin, Georgia.
Newspaper: 06/23/2007
Federal Register: Not applicable
FIRST NATIONAL CORPORATION CIC First National Corporation, Savannah, Georgia, after-the-fact change in control notice filed by Mr. Heys Edward McMath, III, Savannah, Georgia, to retain 10.32 percent of the outstanding shares of First National Corporation, and its subsidiary, First National Bank, both of Savannah, Georgia.
Newspaper: 06/25/2007
Federal Register: 06/22/2007
NORTHSTAR BANKING CORPORATION * 3A1 NorthStar Banking Corporation, to become a bank holding company by acquiring 100 percent of the outstanding shares of NorthStar Bank (in organization), both of Tampa, Florida.
Newspaper: 06/21/2007
Federal Register: Not available
PRO FINANCIAL HOLDINGS, INC. * 3A1 Pro Financial Holdings, Inc., to become a bank holding company by acquiring 100 percent of the outstanding shares of Pro Bank (in organization), both of Tallahassee, Florida.
Newspaper: 06/22/2007
Federal Register: 07/06/2007
SMARTBANK * Branch SmartBank, Pigeon Forge, Tennessee, after-the-fact branch application to establish a branch located at 1011 Parkway, Sevierville, Tennessee.
Newspaper: 06/08/2007
Federal Register: Not applicable
SUNTRUST BANK * Branch SunTrust Bank, Atlanta, Georgia, to establish branches in the following locations: 404 Johnnie Dodds Boulevard, Mt. Pleasant, South Carolina, to be known as the Mathis Ferry Office; 601 Courtland Boulevard, Delton, Florida, to be known as the Deltona Commons Office; and 11721 Bonita Beach Road, SE, Bonita Springs, Florida, to be known as the Livingston Road Office.
Newspaper: 06/21/2007
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
NONE


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

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