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

District: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending December 6, 2008

Filer

Filing Type

Filing Proposal

End of Comment Period

EDUCATIONAL FUNDING OF THE SOUTH, INC.

* 3A1

Educational Funding of the South, Inc., Knoxville, Tennessee, to become a bank holding company by acquiring 100 percent of the outstanding shares of Community Bank of the Cumberlands, Jamestown, Tennessee.

Newspaper:	12/26/2008
Federal Register:	12/26/2008

EDUCATIONAL FUNDING OF THE SOUTH, INC.

4c8

Educational Funding of the South, Inc., Knoxville, Tennessee, to engage in making, acquiring, brokering, or servicing loans, or other extensions of credit.

Newspaper:	Not applicable
Federal Register:	12/16/2008

FIRST TRUST CORPORATION

* 4c8

First Trust Corporation, and its subsidiary, First Bank and Trust, both of New Orleans, Louisiana, to acquire 100 percent of the outstanding shares of Globe Bancorp, Inc, and its subsidiary, Globe Homestead Savings Bank, FSA, both of Metairie, Louisiana, and thereby engage in operating a savings association.

Newspaper:	Not available
Federal Register:	Not available

FMB BANKING CORPORATION

CIC

Prior change in control notice filed by F.W. Carraway, Jr., Caroline Carraway Sutton, Ann Elizabeth Ray, Leslie Erin Hammelman, Nicholas Stephens Sutton, Matthew Yancey Sutton, and Emily Carraway Kemp, all of Tallahassee, Florida; F. Wilson Carraway, III, and Evan Caroline Carraway, both of Carrabelle, Florida; Edward H. Carraway and F.W. Carraway, II, both of Sarasota, Florida; Elizabeth Leigh Neilson, Destin, Florida; Rena Katherine Taylor, Alligator Point, Florida; the FMB Banking Corporation KSOP, F. Wilson Carraway and R. Michael Sims, trustees, all of Monticello, Florida; to collectively acquire an additional 45 percent of the outstanding shares of FMB Banking Corporation, and its wholly owned subsidiary, Farmers & Merchants Bank, both of Monticello, Florida. Total pro forma ownership will equal 77.67 percent.

Newspaper:	12/17/2008
Federal Register:	12/19/2008

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
FIRST FARMERS & MRCH B, COLUMBIA, TENNESSEE	150035	08/18/2008	12/01/2008	S	Int Sm Bank

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 6 Federal Reserve Bank of: Atlanta

Filings received during the week ending December 6, 2008

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 6
Federal Reserve Bank of: Atlanta