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: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending December 25, 2021

Filer Filing Type Filing Proposal End of Comment Period
LOCAL BANCORP, INC. * 3A1 Local Bancorp, Inc., Little Rock, Arkansas to become a bank holding company by acquiring Red Level Financial Corporation and its wholly owned subsidiary, The Peoples Bank of Red Level, both of Red Level, Alabama.
Newspaper: Not available
Federal Register: 01/14/2022
LOWNDES BANCSHARES, INC. * 4c8
* 3A1
Lowndes Bancshares, Inc., Valdosta, Georgia (Bancshares), to convert from a savings and loans holding company to a bank holding company in connection with its acquisition of the outstanding shares of The Citizens National Bank of Quitman, Quitman, Georgia. Bancshares also to retain Commercial Banking Company, Valdosta, Georgia, and thereby engage in operating a savings association pursuant to section 225.28(b)(4)(ii) of Regulation Y.
Newspaper: 01/16/2022
Federal Register: Not available
PEOPLES BANCSHARES, INC. CIC Bradley C. Davis, Charleston, South Carolina, a member of the Davis Family Group, to retain voting shares of Peoples Bancshares, Inc., and thereby indirectly retain voting shares of Peoples Bank, both of Mendenhall, Mississippi. In addition, Sidney Dewitt Davis III, Mendenhall, Mississippi and Bradley C. Davis, Charleston, South Carolina, as co-trustees for The Sid Davis Trust; Melissa Lenox, Charleston, South Carolina; Sharon Ammann, Steve Ammann, and Steven Wade Ammann, all of Mendenhall, Mississippi; Charles Cockrell, Dauphin Island, Alabama; Michael Tolleson and Brian Jernigan, both of Madison, Mississippi; Margaret Steinberger, trustee of the Margaret Steinberger Revocable Trust and Bruce Steinberger, both of Coral Gables, Florida; Audrey Davis, Magee, Mississippi; to join the Davis Family Group, a group acting in concert, to retain voting shares of Peoples Bancshares, Inc., and thereby indirectly retain voting shares of Peoples Bank, both of Mendenhall, Mississippi.
Newspaper: 11/24/2021
Federal Register: Not available
PEOPLES FINANCIAL CORPORATION CIC Stilwell Activist Investments, L.P, Stilwell Activist Fund, L.P., and Stilwell Value Partners VII, L.P., three of the affiliated private investment partnerships known as The Stilwell Group, with Stilwell Value LLC, the general partner of each of the limited partnerships (each of the foregoing entities are of New York, New York), and Mr. Joseph D. Stilwell (of San Juan, Puerto Rico), who controls Stilwell Value LLC, have applied to the Federal Reserve Board, individually and as part of a group acting in concert, to acquire common stock of Peoples Financial Corporation, and its subsidiary, The Peoples Bank, both of Biloxi, Mississippi.
Newspaper: Not available
Federal Register: Not available
RAYMOND JAMES FINANCIAL, INC. * 3A1
* 3A3
Raymond James Financial, Inc., St. Petersburg, Florida, through established wholly owned subsidiaries, will merge with Tristate Capital Holdings, Inc., and thereby indirectly acquire its subsidiary, Tristate Capital Bank, both of Pittsburg, Pennsylvania. In connection with this merger, RJF subsidiary Macaroon Two LLC, St. Petersburg, Florida, will become a bank holding company by acquiring and merging with Tristate Capital Holdings, Inc., thereby indirectly acquiring Tristate Capital Bank.
Newspaper: 01/18/2022
Federal Register: 01/27/2022
REGIONS BANK * Branch Regions Bank, Birmingham, Alabama, to establish a mobile branch to be known as the Portable Branch Facility in the Birmingham-Hoover, AL Core Based Statistical Area which includes the following counties: Jefferson County, Shelby County, Bibb County, Blount County, Chilton County, and St. Clair County.
Newspaper: 12/30/2021
Federal Register: Not applicable


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

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