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 July 8, 2017

Filer

Filing Type

Filing Proposal

End of Comment Period

CHESAPEAKE BANK

* Branch

Chesapeake Bank, Kilmarnock, Virginia, to establish a branch at 2300 Cedarfield Pkwy, Richmond, VA 23233

Newspaper:	07/21/2017
Federal Register:	Not applicable

FIRST BANCORP

* 3A5
* 18C
* Branch

First Bancorp, Southern Pines, North Carolina, to acquire 100% of the voting securities of ASB Bancorp, Inc., Asheville, North Carolina, and thereby indirectly acquire Asheville Savings Bank, SSB, Asheville, North Carolina. In addition, First Bank, Troy, North Carolina, to merge with Asheville Savings Bank, SSB, Asheville, North Carolina.

Newspaper:	Not available
Federal Register:	07/24/2017

FIRST BANK

* Branch

First Bank, Strasburg, Virginia, requests approval to establish a branch at 5601 Patterson Avenue, Richmond, Virginia.

Newspaper:	07/20/2017
Federal Register:	Not applicable

SANDY SPRING BANCORP, INC.

4c8
* 3A5
* 18C
* Branch

Sandy Spring Bancorp, Inc., Olney, Maryland, to acquire WashingtonFirst Bankshares, Inc., Reston, Virginia, and thereby indirectly acquire WashingtonFirst Bank, Reston, Virginia, pursuant to Sections 3 and 4 of the Bank Holding Company Act. Additionally, Sandy Spring Bank, Olney, Maryland, to merge with WashingtonFirst Bank, Reston, Virginia, and incident thereto establish branches.

Newspaper:	07/26/2017
Federal Register:	08/01/2017

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	Quarter
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 5 Federal Reserve Bank of: Richmond

Filings received during the week ending July 8, 2017

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond