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 May 19, 2012

Filer

Filing Type

Filing Proposal

End of Comment Period

BANKANNAPOLIS

* Branch

BankAnnapolis, Annapolis, Maryland to establish a branch at 2379 Brandermill Blvd., Gambrills, Maryland.

Newspaper:	Not available
Federal Register:	Not applicable

BNC BANCORP

* 3A5

BNC Bancorp, High Point, North Carolina, to acquire 100% of the voting securities of KeySource Financial, Inc., Durham, North Carolina, and thereby indirectly acquire KeySource Commercial Bank, Durham, North Carolina.

Newspaper:	04/22/2012
Federal Register:	04/16/2012

HIGHLANDS BANKSHARES, INC.

CIC

James D. Moore, Jr., Abingdon, Virginia, to retain control of 10.77% of the voting shares of Highlands Bankshares, Inc., Abingdon, Virginia

Newspaper:	Not available
Federal Register:	Not available

SUMMIT FINANCIAL GROUP, INC.

CIC

John W. Crites, Marco Island, Florida, to individually retain control of10.41% of the voting shares of Summit Financial Group, Inc., Moorefield, West Virginia, with shares held in his individual capacity, jointly with Patricia Crites, and as trustee for the following trusts: Subtrust f/b/o Zackary Kenton Crites; Subtrust f/b/o Bailey Buena-Vista Crites; Subtrust f/b/o Kevin David Mongold; Subtrust f/b/o Jessica Ann Mongold; Subtrust f/b/o Joshua Alexander Wingard; and Subtrust f/b/o Bianca Marie Wingard; Patricia A. Crites 2010 Grantor Retained Annuity Trust; and Patricia A. Crites 2012 Grantor Retained Annuity Trust. In addition John and Patricia Crites and the following would controlin aggregate 17.01% of the voting shares of Summit Financial Group, Inc.: Valerie C. Mongold, Weyers Cave, Virginia,; Kelly C. Wingard, Petersburg, West Virginia, in her individual capacity and a Trustee for the following subtrusts: Subtrust f/b/o Jeremiah Thomas Wingard and Subtrust f/b/o Joseph Riley Wingard; and John W. Crites II, Petersburg, West Virginia.

Newspaper:	Not available
Federal Register:	05/29/2012

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
FAUQUIER BK, WARRENTON, VIRGINIA	976226	02/06/2012	05/10/2012	S	Large Bank

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 May 19, 2012

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond