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 March 30, 2013

Filer

Filing Type

Filing Proposal

End of Comment Period

FIRST CITIZENS BANCSHARES, INC.

CIC

Olivia Britton Holding, Raleigh, North Carolina, to retain control of 11.5% of First Citizens BancShares, Inc., Raleigh, North Carolina.

Newspaper:	04/17/2013
Federal Register:	04/15/2013

FIRST CITIZENS BANCSHARES, INC.

CIC

Frank Brown Holding, Jr., Raleigh, North Carolina, to retain control of 10.5% of First Citizens BancShares, Inc., Raleigh, North Carolina.

Newspaper:	Not available
Federal Register:	04/15/2013

INDEPENDENCE BANCSHARES, INC.

CIC

Gordon A. Baird, Darien, Connecticut, individually to control up to 12.11% of the outstanding voting shares of Independence Bancshares, Inc., Greenville, South Carolina. Additionally, Gordon A. Baird and Alvin G. Hageman, Westport, Connecticut, together with Baird Hageman & Co., LLC, Darien, Connecticut, as a group acting in concert to control up to 14.42% of the outstanding voting shares of Independence Bancshares, Inc., Greenville, South Carolina

Newspaper:	04/13/2013
Federal Register:	04/09/2013

SOUTHERN BANCSHARES (N.C.), INC.

CIC

Hope Holding Connell, Raleigh, North Carolina, to retain control of 11.9% of Southern BancShares (N.C.), Inc., Mount Olive, North Carolina.

Newspaper:	Not available
Federal Register:	Not available

SURREY BANCORP

CIC

Betty J. Wright, Mount Airy, North Carolina, to individually control 11.21% of Surrey Bancorp, Mount Airy, North Carolina, and together with the Hylton Wright Living Trust Agreement and ARMAT Foundation, as a group acting in concert, to control 12.31% of Surrey Bancorp.

Newspaper:	Not available
Federal Register:	03/14/2013

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 March 30, 2013

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond