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 March 17, 2007

Filer

Filing Type

Filing Proposal

End of Comment Period

MONARCH BANK

* Branch

Monarch Bank, Chesapeake, Virginia, proposes to establish a branch trading as OBX Bank at 3708 Croatan Highway North, Unit #1, Kitty Hawk, North Carolina.

Newspaper:	03/23/2007
Federal Register:	Not applicable

Oak Ridge Financial Services, Inc.

* 3A5

Oak Ridge Financial Services, Inc., Oak Ridge, North Carolina, to become a bank holding company through the acquisition of 100% of the voting securities of the Bank of Oak Ridge, Oak Ridge, North Carolina.

Newspaper:	Not available
Federal Register:	Not available

PSB HOLDING CORP.

4c8

PSB Holding Corp., Preston, Maryland, to engage in the origination and sale of residential mortgage loans to the secondary marketng through the retention of 100% of the voting securities of Community Bank Mortgage Corporation, Easton, Maryland.

Newspaper:	Not applicable
Federal Register:	Not available

RBC CENTURA BANK

* Branch

RBC Centura Bank, Raleigh, North Carolina, to establish a branch at 169 Dauphin Street, Suite 319, Mobile, Alabama.

Newspaper:	03/23/2007
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
FREDERICK CTY BK, FREDERICK, MARYLAND	3058329	11/27/2006	02/14/2007	S	Small Bank
MIDDLEBURG BK, MIDDLEBURG, VIRGINIA	679826	10/30/2006	02/01/2007	S	Int Sm Bank
SHORE BK, ONLEY, VIRGINIA	310875	11/06/2006	02/05/2007	S	Small Bank

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

District: 5 Federal Reserve Bank of: Richmond

Filings received during the week ending March 17, 2007

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond