Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 8: Federal Reserve Bank of St. Louis PDF
Filings received during the week ending November 12, 2022
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BRADFORD BANCORP, INC. | Change in Bank Control | The James C. Keaster III Revocable Trust, James C. Keaster, as trustee; the Rebecca R. Keaster Revocable Trust, Rebecca R. Keaster, as trustee; James Keaster IV, all of Greenville, Illinois, Benjamin Keaster, and Marie Keaster, both of Spring Arbor, Michigan, as a group acting in concert, to retain control of Bradford Bancorp, Inc., and thereby indirectly control The Bradford National Bank of Greenville, both of Greenville, Illinois. | 12/05/2022 | 12/05/2022 |
| BRADFORD BANCORP, INC. | * 3A5 | Bradford Bancorp, Inc., Greenville, Illinois, to merge with Community Bancshares, Inc., Irvington, Illinois, and thereby indirectly acquire Community Trust Bank, Irvington, Illinois. | 12/15/2022 | Not available |
| FIRST BANK | * Branch (Domestic) | First Bank, Creve Coeur, Missouri, to establish a branch facility to be located at 2950 S. El Camino Real, San Mateo, California. | 11/17/2022 | Not applicable |
| FIRST STATE BANCSHARES, INC. | Change in Bank Control | Notice by The First State Bank of St. Charles Employee Stock Ownership Plan ("ESOP"), and Luanne Caryl Cundiff, James Raymond Droste, Christopher Anthony Goellner, John Wesley McClure IV, and David Paul Strautz, all of St. Charles, Missouri, with each of the preceding individuals serving as trustees of the ESOP, together as a group acting in concert, to control First State Bancshares, Inc., and its subsidiary bank, First State Bank of St. Charles, both of St. Charles, Missouri. | 11/23/2022 | 12/02/2022 |
* Subject to the provisions of the Community Reinvestment Act
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 |
|---|---|---|---|---|---|
| DIAMOND BK, MURFREESBORO, ARKANSAS | 27847 | 11/08/2021 | 07/19/2021 | S | Int Small Bank |
| FIDELITY BK, WEST MEMPHIS, ARKANSAS | 848248 | 11/27/2021 | 08/23/2021 | S | Int Small Bank |
| FIRST WESTERN BK, BOONEVILLE, ARKANSAS | 34742 | 11/26/2021 | 07/19/2021 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||