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 February 6, 2016

Filer

Filing Type

Filing Proposal

End of Comment Period

PARKWAY ACQUISITION CORP

* 3A1

Parkway Acquisition Corp, Floyd, Virginia, to become a bank holding company through the acquisition of 100% of the voting securities of Grayson Bankshares, Inc., Independence, Virginia, and indirectly acquire The Grayson National Bank, Independence, Virginia; and 100% of the voting securities of Cardinal Bankshares Corporation, Floyd, Virginia, and thereby indirectly acquire Bank of Floyd, Floyd, Virginia. Grayson Bankshares, Inc. and Cardinal Bankshares Corporation would merge with Parkway Acquisition Corp., and Bank of Floyd would merge into The Grayson National Bank.

Newspaper:	02/20/2016
Federal Register:	02/29/2016

UNION BANK & TRUST

* Branch

Union Bank & Trust, Richmond, Virginia, has submitted an application to open a branch at 1738 Amherst Street, Winchester, Virginia.

Newspaper:	01/31/2016
Federal Register:	Not applicable

UNITED BANKSHARES, INC.

* 18C
* Branch
* 3A3

United Bankshares, Inc., Charleston, West Virginia, to acquire 100% of the voting securities of Bank of Georgetown, Washington, D.C. Additionally, United Bank, Fairfax, Virginia, to merge with Bank of Georgetown.

Newspaper:	02/29/2016
Federal Register:	03/04/2016

VIRGINIA COMMONWEALTH BANK

* Branch

Virginia Commonwealth Bank, Petersburg, Virginia, has submitted an application to open a new branch at 900 North Parham Road, Richmond, Virginia.

Newspaper:	Not available
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 February 6, 2016

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond