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 February 16, 2008

Filer Filing Type Filing Proposal End of Comment Period
GATEWAY BANK & TRUST CO. * Branch Gateway Bank & Trust Co., Elizabeth City, North Carolina, proposes to establish a branch at 504 Meadowmont Village Circle, Chapel Hill, North Carolina.
Newspaper: 02/22/2008
Federal Register: Not applicable
RBC CENTURA BANK * 18C
* Branch
RBC Centura Bank, Raleigh, North Carolina, to merge with Alabama Exchange Bank, Tuskegee, Alabama; Community Bank of Naples, National Association, Naples, Florida; The Peachtree Bank, Duluth, Georgia; Florida Choice Bank, Mount Dora, Florida; Indian River National Bank, Vero Beach, Florida; First American Bank, Birmingham, Alabama; Georgia State Bank, Mableton, Georgia; CypressCoQuina Bank, Ormond Beach, Florida; Millennium Bank, Gainesville, Florida; and First Gulf Bank, National Association, Pensacola, Florida.
Newspaper: 03/09/2008
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
BANK OF HAMPTON ROADS, NORFOLK, VIRGINIA 1161029 09/17/2007 12/27/2007 S Int Sm Bank
BANK OF LANCASTER, KILMARNOCK, VIRGINIA 34425 08/20/2007 01/03/2008 S Int Sm Bank
BANK OF MCKENNEY, MCKENNEY, VIRGINIA 746429 07/30/2007 10/23/2007 O Small Bank
CHESAPEAKE BK, KILMARNOCK, VIRGINIA 214722 06/25/2007 10/29/2007 S Int Sm Bank
CLEAR MNT BK, BRUCETON MILLS, WEST VIRGINIA 886624 09/10/2007 12/27/2007 O Int Sm Bank
EAGLEBANK, BETHESDA, MARYLAND 2652092 08/06/2007 11/07/2007 S Int Sm Bank
FIRST CAP BK, GLEN ALLEN, VIRGINIA 2742153 09/10/2007 12/10/2007 S Small Bank
NEW PEOPLES BK, HONAKER, VIRGINIA 2736451 08/13/2007 12/18/2007 S Large Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

* Subject to the provisions of the Community Reinvestment Act

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