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 May 24, 2008

Filer Filing Type Filing Proposal End of Comment Period
BENCHMARK COMMUNITY BANK * Branch Benchmark Community Bank, Kenbridge, Virginia, proposes to establish a branch at 290 South Main Street, Halifax, Virginia.
Newspaper: 06/05/2008
Federal Register: Not applicable
Blue Ridge Bank Holdings, Inc. * 3A1 Blue Ridge Bank Holdings, Inc., Asheville, North Carolina, to become a bank holding company through the retention of 100% of the voting securities of Blue Ridge Savings Bank, Incorporated, Asheville, North Carolina.
Newspaper: Not available
Federal Register: Not available
EAGLE BANCORP, INC. * 3A5
* 18C
* Branch 		Eagle Bancorp, Inc., Bethesda, Maryland, to acquire 100% of the voting securities of Fidelity & Trust Financial Corporation, Bethesda, Maryland and thereby indirectly acquire Fidelity & Trust Bank, Bethesda, Maryland.
Newspaper: Not available
Federal Register: 06/16/2008
OLD LINE BANK * Branch Old Line Bank, Bowie, Maryland, to establish a branch at 167 Jennifer Road, Suite U, Annapolis, Maryland.
Newspaper: 06/05/2008
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
CENTRAL VA BK, POWHATAN, VIRGINIA 436823 02/04/2008 05/05/2008 S Large Bank


CRA Examinations scheduled for Third Quarter of 2008 (July 1, 2008 - September 30, 2008)

Institution Location
BANK OF THE JAMES LYNCHBURG, VIRGINIA
BANKANNAPOLIS ANNAPOLIS, MARYLAND
CAPON VALLEY BK WARDENSVILLE, WEST VIRGINIA
EVB TAPPAHANNOCK, VIRGINIA
FARMERS & MERCHANTS BK TIMBERVILLE, VIRGINIA
GATEWAY B&TC ELIZABETH CITY, NORTH CAROLINA
SANDY SPRING BK OLNEY, MARYLAND
SELECT BK FOREST, VIRGINIA
TRUPOINT BK GRUNDY, VIRGINIA

* 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

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Last update: May 29, 2008