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

District: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending March 7, 2020

Filer

Filing Type

Filing Proposal

End of Comment Period

ANCHOR BANKSHARES, INC.

* 3A1

Anchor Bankshares, Inc., Palm Beach Gardens, Florida to become a bank holding company by acquiring outstanding shares of Anchor Bank, Palm Beach Gardens, Florida.

Newspaper:	03/30/2020
Federal Register:	Not available

BBVA USA

PWI

BBVA USA (formerly known as Compass Bank), Birmingham, Alabama, request for approval to make four public welfare investments.

Newspaper:	Not applicable
Federal Register:	Not applicable

SMARTBANK

* Branch

SmartBank, Pigeon Forge, Tennessee, to establish a branch located at 2108 Medical Center Parkway, Suite J, Murfreesboro, Tennessee.

Newspaper:	Not available
Federal Register:	Not applicable

SOUTH STATE CORPORATION

* 3A5
* 3A3

South State Corporation, Columbia, South Carolina, proposes to merge with CenterState Bank Corporation, and thereby acquire its subsidiary, CenterState Bank, N.A., both of Winter Haven, Florida, pursuant to section 3(a)(5) of the Bank Holding Company Act (the Act). South State Corporation will be the surviving entity of the merger, and will relocate its headquarters office to Winter Haven, Florida. In connection with this proposal, South State Corporation, Columbia, South Carolina, will indirectly acquire CenterState Bank Corporation, and thereby acquire its subsidiary, CenterState Bank, N.A., both of Winter Haven, Florida, pursuant to section 3(a)(3) of the Act.

Newspaper:	04/04/2020
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
NONE

CRA Examinations scheduled for Quarter of

Institution	Location	Quarter
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 6 Federal Reserve Bank of: Atlanta

Filings received during the week ending March 7, 2020

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 6
Federal Reserve Bank of: Atlanta