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 August 22, 2009

Filer Filing Type Filing Proposal End of Comment Period
BANK OF AMERICA, NATIONAL ASSOCIATION Investment Bank of America, N.A., Charlotte, North Carolina, through its Edge Corporation, BankAmerica International Finance Corporation, San Francisco, California, and FIA Card Services, N.A., Wilmington, Deleware, to make an indirect investment in MBNA Europe Bank Limited, Chester, England.
Newspaper: Not applicable
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
BCBANK, PHILIPPI, WEST VIRGINIA 829032 04/13/2009 07/16/2009 S Small Bank
PAGE VALLEY BK, LURAY, VIRGINIA 233527 03/30/2009 07/01/2009 O Small Bank
UNITED BK, FAIRFAX, VIRGINIA 365325 02/02/2009 08/03/2009 S Large Bank
UNITED BK, PARKERSBURG, WEST VIRGINIA 1010930 02/02/2009 08/03/2009 S Large Bank
VALLEY BK, ROANOKE, VIRGINIA 2303086 04/20/2009 07/30/2009 S Int Sm Bank


CRA Examinations scheduled for Forth Quarter of 2009 (October 1, 2009 - December 31, 2009)

Institution Location
BANK OF HAMPTON ROADS NORFOLK, VIRGINIA
COMMUNITY CAP BK VA CHRISTIANSBURG, VIRGINIA
ESSEX BK TAPPAHANNOCK, VIRGINIA
FIRST B&TC LEBANON, VIRGINIA
FIRST SENTINEL BK RICHLANDS, VIRGINIA
PATAPSCO BK DUNDALK, MARYLAND
VA COMMONWEALTH BK PETERSBURG, VIRGINIA
VIRGINIA CMRC BK ARLINGTON, 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: August 27, 2009