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 August 26, 2017

Filer

Filing Type

Filing Proposal

End of Comment Period

BANK OF AMERICA, NATIONAL ASSOCIATION

Investment

Bank of America, National Association, Charlotte, North Carolina, to investment in Merrill Lynch International Bank, Designated Activity Company, Dublin, Ireland.

Newspaper:	Not applicable
Federal Register:	Not applicable

BANK OF MCKENNEY

* 18C
* Branch

Bank of McKenney, McKenney, Virginia, to merge with CCB Bankshares, Inc. and Citizens Community Bank, both of South Hill, Virginia, and to operate branches at the locations of Citizens Community Bank locations.

Newspaper:	09/20/2017
Federal Register:	Not applicable

BANK OF ROMNEY, THE

* Branch

The Bank of Romney, Romney, West Virginia, to establish a branch in Slanesville, West Virginia.

Newspaper:	08/11/2017
Federal Register:	Not applicable

FIRST CITIZENS BANCSHARES, INC.

* 3A3

First Citizens Bancshares, Inc., Raleigh, North Carolina, to acquire up to 80% of the voting securities of KS Bancorp, Inc., Smithfield, North Carolina, and thereby indirectly acquire a controlling interest in KS Bank, Inc., Smithfield, North Carolina.

Newspaper:	Not available
Federal Register:	Not available

UNION BANKSHARES CORPORATION

* 3A5
* 18C
* Branch

Union Bankshares Corporation, Richmond, Virginia, to acquire 100% of the voting securities of Xenith Bankshares, Inc., Richmond, Virginia, and thereby indirectly acquire Xenith Bank, Richmond, Virginia. Additionally, Union Bank & Trust, Richmond, Virginia, to merge with and operate the branches of Xenith Bank.

Newspaper:	Not available
Federal Register:	09/22/2017

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 Fourth Quarter of 2017 (October 1, 2017 - December 31, 2017) and First Quarter of 2018 (January 1, 2018 - March 31, 2018)

Institution	Location	Quarter
CITIZENS CMNTY BK	SOUTH HILL, VIRGINIA	Fourth Quarter of 2017
GREAT ST BK	WILKESBORO, NORTH CAROLINA	Fourth Quarter of 2017
SELECT BK	FOREST, VIRGINIA	Fourth Quarter of 2017
VIRGINIA COMMONWEALTH BK	RICHMOND, VIRGINIA	Fourth Quarter of 2017
VIRGINIA PTNR BK	FREDERICKSBURG, VIRGINIA	Fourth Quarter of 2017
1880 BK	CAMBRIDGE, MARYLAND	First Quarter of 2018
EAGLEBANK	BETHESDA, MARYLAND	First Quarter of 2018
FIRST SENTINEL BK	RICHLANDS, VIRGINIA	First Quarter of 2018
UNION B&TR	RICHMOND, VIRGINIA	First Quarter of 2018

* Subject to the provisions of the Community Reinvestment Act

District: 5 Federal Reserve Bank of: Richmond

Filings received during the week ending August 26, 2017

Availability of CRA Public Evaluations

CRA Examinations scheduled for Fourth Quarter of 2017 (October 1, 2017 - December 31, 2017) and First Quarter of 2018 (January 1, 2018 - March 31, 2018)

District: 5
Federal Reserve Bank of: Richmond