Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 5
Federal Reserve Bank of: Richmond

Filings received during the week ending February 22, 2020

Filer Filing Type Filing Proposal End of Comment Period
BANK OF OAK RIDGE Member Bank of Oak Ridge, Oak Ridge, North Carolina, to become a member of the Federal Reserve Bank.
Newspaper: Not applicable
Federal Register: Not applicable
UB Bancorp * 3A5 UB Bancorp, Greenville, North Carolina, to become a bank holding company through the acquisition of 100% of the voting securities of Union Bank, Greenville, North Carolina.
Newspaper: Not available
Federal Register: Not available


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 05/20/2019 02/16/2020 S Int Small Bank


CRA Examinations scheduled for Second Quarter of 2020 (April 1, 2020 - June 30, 2020) and Third Quarter of 2020 (July 1, 2020 - September 30, 2020)

Institution Location Quarter
ESSEX BK RICHMOND, VIRGINIASecond Quarter of 2020
SHORE UNITED BK EASTON, MARYLANDSecond Quarter of 2020
UNITED BK FAIRFAX, VIRGINIASecond Quarter of 2020
BANK OF MARION MARION, VIRGINIAThird Quarter of 2020
FIRST B&TC LEBANON, VIRGINIAThird Quarter of 2020
JOHN MARSHALL BK RESTON, VIRGINIAThird Quarter of 2020
UWHARRIE BK ALBEMARLE, NORTH CAROLINAThird Quarter of 2020

* Subject to the provisions of the Community Reinvestment Act

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

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Last update: February 27, 2020