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 November 16, 2013

Filer Filing Type Filing Proposal End of Comment Period
CAPGEN CAPITAL GROUP III LLC * 3A3 CapGen Capital Group III LLC and CapGen Capital Group III LP, both of New York, New York, to increase their investment up to 25% of the outstanding common stock of Seacoast Banking Corporation of Florida, Stuart, Florida, and thereby increase their investment in Seacoast National Bank, Stuart, Florida.
Newspaper: Not available
Federal Register: 12/12/2013


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 MARION, MARION, VIRGINIA 858528 07/15/2013 11/03/2013 S Large Bank
BCBANK, PHILIPPI, WEST VIRGINIA 829032 06/03/2013 10/31/2013 S Small Bank
MAINSTREET BK, FAIRFAX, VIRGINIA 3248849 07/29/2013 11/04/2013 S Small Bank
UNITED BK, FAIRFAX, VIRGINIA 365325 06/03/2013 11/07/2013 S Large Bank
UNITED BK, PARKERSBURG, WEST VIRGINIA 1010930 06/03/2013 11/07/2013 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