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 December 12, 2020

Filer

Filing Type

Filing Proposal

End of Comment Period

COMMUNITY FIRST BANCORPORATION

* 4c8

Community First Bancorporation, Walhalla, South Carolina, to acquire 100% of the voting securities of SFB Bancorp, Inc., Elizabethton, Tennessee, and thereby indirectly acquire Security Federal Bank, Elizabethton, Tennessee.

Newspaper:	Not available
Federal Register:	Not available

FIRST CITIZENS BANCSHARES, INC.

Other Foreign
* 3A3

First Citizens BancShares, Inc., Raleigh, North Carolina, to acquire 100% of the voting securities of CIT Group, Inc., Livingston, New Jersey, and thereby indirectly acquire CIT Bank, National Association, Pasadena, California.

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
FVCBANK, FAIRFAX, VIRGINIA	3614976	08/03/2020	12/06/2020	S	Int Small Bank

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 December 12, 2020

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond