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 September 27, 2014

Filer Filing Type Filing Proposal End of Comment Period
BANK OF AMERICA, NATIONAL ASSOCIATION Investment Bank of America, N.A., Charlotte, North Carolina, to establish a new foreign bank subsidiary, Bank of America (China) Limited, Shanghai, China.
Newspaper: Not applicable
Federal Register: Not applicable
BAY BANCORP, INC. CIC EREF-MP Alpha, LLC; East Rock Endowment Fund, L.P.; East Rock Capital, LLC; East Rock Capital GP, LLC; D Partners Management, LLC; Shapiro Partners Management, LLC; Graham Duncan and Adam Shapiro, all located in New York, New York; and MP Alpha Holdings LLLP, Miami, Florida, to retain a 14.96% ownership interest in Bay Bancorp, Inc., Columbia, Maryland.
Newspaper: Not available
Federal Register: 10/16/2014
KS BANCORP, INC. CIC Harold T. Keen, Four Oaks, North Carolina, to individually control 10.00% of KS Bancorp, Inc., Smithfield, North Carolina, and together with the Barbara A. Keen, Four Oaks, North Carolina, Matthew Keen, Annapolis, Maryland, and Catherine Keen Hock, Greensboro, North Carolina, as a group acting in concert, to control 12.22% of KS Bancorp, Inc.
Newspaper: Not available
Federal Register: 10/14/2014
MB BANCORP, INC. * SLHC Formation MB Bancorp, Inc., Forest Hill, Maryland, to become a savings and loan holding company through the acquisition of 100% of the voting securities of Madison Bank of Maryland, Forest Hill, Maryland, in connection with its conversion from a mutual to stock form.
Newspaper: 10/17/2014
Federal Register: 10/17/2014
SANDY SPRING BANK * Branch Sandy Spring Bank has submitted an application to open a branch at 7550 Wisconsin Avenue, Bethesda, Maryland.
Newspaper: Not available
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