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 December 16, 2006

Filer

Filing Type

Filing Proposal

End of Comment Period

FREEDOM BANK OF VIRGINIA, THE

CIC

Dr. Terry Collins, Springfield, Virginia; Mr. Norman Horn, Oakton, Virginia; Mr. David Karlgaard, Fairfax, Virginia; Mr. Richard Litman, Fairfax Station; Mr. Alvin Nashman, Falls Church, Virginia; Mr. Russell Sherman, Fairfax, Virginia; and Ategra Community Financial Institution Fund, LP, Vienna, Virginia, acting as a group to purchase up to 19.03% of the voting securities of The Freedom Bank of Virginia, Vienna, Virginia.

Newspaper:	Not available
Federal Register:	Not available

RBC CENTURA BANK

* Branch

RBC Centura Bank, Raleigh, North Carolina, to establish a branch at 3685 Dallas Highway, Marietta, Georgia.

Newspaper:	12/24/2006
Federal Register:	Not applicable

RBC CENTURA BANK

* Branch

RBC Centura Bank, Raleigh, North Carolina, to establish a branch at 293 Pharr Road, Atlanta, Georgia.

Newspaper:	12/24/2006
Federal Register:	Not applicable

ROYAL BANK OF CANADA

FBSEA

Royal Bank of Canada, Montreal, Canada, to establish a state-licensed agency in Houston, Texas.

Newspaper:	01/07/2007
Federal Register:	Not applicable

SANDY SPRING BANCORP, INC.

* 18C
* Branch
* 3A3

Sandy Spring Bancorp, Inc., Olney, Maryland, to acquire 100% of the voting securities of Potomac Bank of Virginia, Fairfax, Virginia.

Newspaper:	Not available
Federal Register:	Not available

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 December 16, 2006

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond