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: 5
Federal Reserve Bank of: Richmond

Filings received during the week ending June 30, 2007

Filer Filing Type Filing Proposal End of Comment Period
BANK OF AMERICA CORPORATION * 3A5 Bank of America Corporation, Charlotte, North Carolina, to acquire 100% of the voting securities of ABN AMRO North America Holding Company, Chicago, Illionois, and thereby indirectly acquire LaSalle Bank National Association, Chicago, Illinois, and LaSalle Bank Midwest National Association, Troy, Michigan.
Newspaper: 07/02/2007
Federal Register: 07/03/2007
FIA CARD SERVICES, N.A. Investment FIA Card Services, N.A., Wilmington, Delaware, to make an investment in a subsidiary.
Newspaper: Not applicable
Federal Register: Not applicable
HARVEST BANCORP, INC. 3A1 HarVest Bancorp, Inc., Rockville, Maryland, to become a bank holding company by acquiring 100% of the voting shares of HarVest Bank of Maryland, Rockville, Maryland.
Newspaper: Not applicable
Federal Register: Not applicable
RBC CENTURA BANK * Branch RBC Centura Bank, Raleigh, North Carolina, proposes to establish a branch at 10360 Royal Palm Boulevard, Coral Springs, Florida.
Newspaper: 07/11/2007
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
FARMERS & MERCHANTS BK, TIMBERVILLE, VIRGINIA 713926 07/24/2006 05/16/2007 S Int Sm Bank
NBRS FNCL, RISING SUN, MARYLAND 368429 02/05/2007 05/15/2007 S Small Bank
SECURITY ONE BK, BAILEYS CROSSROADS, VIRGINIA 3419416 03/19/2007 05/27/2007 S Small Bank
TRADERS BK, SPENCER, WEST VIRGINIA 13037 10/23/2006 05/14/2007 S Small Bank
UNITED BK, FAIRFAX, VIRGINIA 365325 11/27/2006 06/06/2007 S Large Bank
UNITED BK, PARKERSBURG, WEST VIRGINIA 1010930 11/27/2006 06/11/2007 S Large Bank
VIRGINIA BUS BK, RICHMOND, VIRGINIA 3390702 03/05/2007 06/06/2007 S Small Bank


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