Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 5
Federal Reserve Bank of: Richmond

Filings received during the week ending November 5, 2005

Filer

Filing Type

Filing Proposal

End of Comment Period

CECIL BANCORP, INC.

CIC

Notice by Charles F. Sposato Flint Trust/trustee Mark Wayne Saunders, Elkton, Maryland, to control 33.68% of the voting shares of Cecil Bancorp, Inc., Elkton, Maryland.

Newspaper:	11/15/2005
Federal Register:	11/16/2005

GATEWAY FINANCIAL HOLDINGS, INC.

* 3A3

Gateway Financial Holdings, Inc., Elizabeth City, North Carolina, to acquire up to 9.9% of the outstanding common stock of Commonwealth Bankshares, Inc., Norfolk, Virginia, and thereby indirectly acquire up to 9.9% of the shares of Bank of the Commonwealth, Norfolk, Virginia.

Newspaper:	11/24/2005
Federal Register:	11/29/2005

WACCAMAW BANK

* Branch

Waccamaw Bank, Whiteville, North Carolina, to establish a branch facility located at 306 South Poplar Street, Elizabethtown, North Carolina.

Newspaper:	11/16/2005
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

District: 5 Federal Reserve Bank of: Richmond

Filings received during the week ending November 5, 2005

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond