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: 10
Federal Reserve Bank of: Kansas City

Filings received during the week ending July 5, 2008

Filer Filing Type Filing Proposal End of Comment Period
CITIZENS SECURITY BANK & TRUST COMPANY * 18C
* Branch
Citizens Security Bank & Trust Company, Bixby, Oklahoma, to merge with The Bank of Commerce, Wetumka, Oklahoma, and incident thereto, to establish a branch.
Newspaper: Not available
Federal Register: Not applicable
ROCKY MOUNTAIN BANK * Branch Rocky Mountain Bank, Wilson, Wyoming, to establish a branch at 890 West Broadway, Jackson, Wyoming; and to relocate its main office from Rock Springs, Wyoming, to Wilson, Wyoming, thereby establishing Rock Springs, Wyoming as a branch.
Newspaper: Not available
Federal Register: Not applicable
STOCKMENS FINANCIAL CORPORATION * 3A3 Stockmens Financial Corporation, Rapid City, South Dakota, to acquire 100 percent of the voting shares of Homestead Financial Corporation, parent of The First National Bank and Trust, both in Beatrice, Nebraska.
Newspaper: 08/02/2008
Federal Register: 06/30/2008
STOCKMENS LIMITED PARTNERSHIP * 3A1 Stockmens Limited Partnership, Rapid City, South Dakota, to become a bank holding company through the direct acquisition of 66.85 percent of the voting shares of Stockmens Financial Corporation, Rapid City, South Dakota, parent of Security First Bank, Lincoln, Nebraska; and through the indirect acquisition of 100 percent of Homestead Financial Corporation, parent of The First National Bank and Trust, both in Beatrice, Nebraska.
Newspaper: 08/02/2008
Federal Register: 07/28/2008


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
COTTONWOOD VALLEY BK, CEDAR POINT, KANSAS 921655 04/07/2008 06/18/2008 S Small Bank
FIRST BANKCENTRE, BROKEN ARROW, OKLAHOMA 2371508 03/10/2008 06/12/2008 S Small Bank
SECURITY ST BK, BASIN, WYOMING 955959 03/03/2008 05/29/2008 S Small Bank
SHERIDAN ST BK, SHERIDAN, WYOMING 555658 02/25/2008 05/28/2008 S Small Bank


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