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 27, 2008

Filer

Filing Type

Filing Proposal

End of Comment Period

CAPITAL ONE FINANCIAL CORPORATION

* 4c8

Capital One Financial Corporation, McLean, Virginia, to acquire 100% of the voting securities of Chevy Chase Bank, F.S.B., McLean, Virginia.

Newspaper:	Not available
Federal Register:	01/12/2009

COMMUNITY BANK INVESTORS OF AMERICA, LP

* 3A3

FA Capital, LLC. and Community Bank Investors of America, L.P., both located in Richmond, Virginia, to retain control of 6.82% and to acquire up to 7.55% of the voting securities of Commonwealth Bankshares, Inc., Norfolk, Virginia.

Newspaper:	Not available
Federal Register:	Not available

ICB FINANCIAL

* 3A3

FA Capital, LLC. and Community Bank Investors of America, L.P., both located in Richmond, Virginia, to retain control of 5.81% and to acquire up to 9.90% of the voting securities of ICB Financial, Ontario, California.

Newspaper:	Not available
Federal Register:	Not available

SOUTHERN BANCSHARES (N.C.), INC.

* 3A3

Southern Bancshares, Inc., Mount Olive, North Carolina, to acquire up to 9.9% of the outstanding common stock of ECB Bancorp, Inc., Englehard, North Carolina, and thereby indirectly acquire up to 9.9% of the shares of East Carolina Bank, Englehard, North Carolina.

Newspaper:	01/19/2009
Federal Register:	01/15/2009

UNION BANK AND TRUST COMPANY

* Branch

Union Bank and Trust Company, Bowling Green, Virginia, proposes to establish a branch at 8983 Staples Mill Road, Richmond, Virginia.

Newspaper:	01/07/2009
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
NONE

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 5 Federal Reserve Bank of: Richmond

Filings received during the week ending December 27, 2008

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond