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: 11
Federal Reserve Bank of: Dallas

Filings received during the week ending November 15, 2008

Filer Filing Type Filing Proposal End of Comment Period
INDEPENDENT BANK GROUP, INC. * 3A5 Independent Bank Group, Inc., McKinney, Texas, to acquire by merger 100 percent of Independent Bank Group Central Texas, Inc., McKinney, Texas, and indirectly acquire Independent Bank, Waco, Texas.
Newspaper: Not available
Federal Register: 12/04/2008
MARION BANCSHARES, INC. * 3A1 Marion Bancshares, Inc., Marion, Texas, to become a bank holding company by acquiring 100 percent of Marion State Bank, Marion, Texas.
Newspaper: 11/30/2008
Federal Register: 11/28/2008
MNB VENTURES, INC. CIC Notice by David 0. Rogers, Jr. and Dora Rogers of Edinburg, Texas, Saul and Kellye Ortega of Edinburg, Texas, and Arturo and Sonja Ortega of Weslaco, Texas, to acquire shares of, and thereby control, MNB Ventures, Inc., Mercedes, Texas, which controls Texas National Bank, Mercedes, Texas.
Newspaper: Not available
Federal Register: 11/20/2008
OCWEN FINANCIAL CORPORATION * 3A1 Ocwen Financial Corporation, West Palm Beach, Florida, to become a bank holding company by acquiring 100 percent of Kent County State Bank, Jayton, Texas.
Newspaper: Not available
Federal Register: Not available
SOUTHWEST BANK * Branch Southwest Bank, Fort Worth, Texas, to establish a branch to be located at 2200 West 7th Street, Fort Worth, Texas 76107.
Newspaper: 11/18/2008
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
NONE


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