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 April 1, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| FARMERS FINANCIAL CORPORATION | Change in Bank Control | Notice by Ralph M. Pratt, III, individually and as trustee of the Ralph M. Pratt, III Trust and the Minor Daughter Trust, and Jacqueline K. Pratt, all of Prospect, Kentucky; Ralph Martin Pratt, IV, Avon, Indiana; Jeffrey Paul Pratt, individually and as trustee of the Minor Son Trust, all of Jacksonville, Florida; Colburn Allen Pratt, individually and as trustee of the Minor Son Trust A and the Minor Son Trust B, all of Montrose, Colorado; Cynthia Marie P. Graft, indivdually and as trustee of the Cynthia Marie Graft Trust, the Matthew Madison Graft Trust, and the Harold Raymond Graft Trust, and Raymond M. Graft, all of Louisville, Kentucky; Benjamin A. Graft, Henryville, Indiana; Robert William Pratt, individually and as trustee of the Robert William Pratt Trust and the Erin Adele Ray Trust, all of Madison, Indiana; to establish the Pratt Family Control Group, a group acting in concert, to retain voting shares of Farmers Financial Corporation, and thereby indirectly retain voting shares of The Farmers Bank of Milton, both of Milton, Kentucky | 04/28/2023 | Not available |
| SIMMONS BANK | * Branch (Domestic) | Simmons Bank, Pine Bluff, Arkansas, to establish a branch located at 5411 Plaza Drive, Suite A, Texarkana, Texas. | 04/03/2023 | Not applicable |
| SIMMONS BANK | * Branch (Domestic) | Simmons Bank, Pine Bluff, Arkansas, to establish a branch located at 3309 West Camp Wisdom Road, Dallas, Texas. | 04/03/2023 | Not applicable |
| SIMMONS BANK | * Branch (Domestic) | Simmons Bank, Pine Bluff, Arkansas, to establish a branch located at 510 Tillman Street, Suite 101, Memphis, TN | 04/10/2023 | Not applicable |
* 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 |
|---|---|---|---|---|---|
| FARMERS & MERCHANTS BK, STUTTGART, ARKANSAS | 677644 | 04/17/2022 | 01/10/2022 | S | Int Small Bank |
| OAKSTAR BK, SPRINGFIELD, MISSOURI | 3374412 | 12/19/2022 | 06/13/2022 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||