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 May 27, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| ENCORE BANK | * Branch (Domestic) | Encore Bank, Little Rock, Arkansas, to establish a branch facility to be located at 18 S. Markley Street, Suite A, Greenville, South Carolina | 05/31/2023 | Not applicable |
| OAKSTAR BANK | * Branch (Domestic) | Oakstar Bank, Springfield, Missouri, to establish a branch facility located at 501 Main Street, Grand Junction, Colorado | 06/08/2023 | 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 |
|---|---|---|---|---|---|
| CITIZENS B&TC, VAN BUREN, ARKANSAS | 192147 | 01/29/2023 | 10/24/2022 | S | Int Small Bank |
| OAKSTAR BK, SPRINGFIELD, MISSOURI | 3374412 | 12/19/2022 | 06/13/2022 | S | Int Small Bank |
CRA Examinations scheduled for Third Quarter of 2023 (July 1, 2023 - September 30, 2023) and Fourth Quarter of 2023 (October 1, 2023 - December 31, 2023)
| Institution | Location | Quarter |
|---|---|---|
| BANK OF ADVANCE | ADVANCE, MISSOURI | Third Quarter of 2023 |
| BANKOKOLONA | OKOLONA, MISSISSIPPI | Third Quarter of 2023 |
| LINDELL B&TC | SAINT LOUIS, MISSOURI | Third Quarter of 2023 |
| MONTICELLO BKG CO | MONTICELLO, KENTUCKY | Third Quarter of 2023 |
| BANK OF CROCKETT | BELLS, TENNESSEE | Fourth Quarter of 2023 |
| BANKFIRST FINANCIAL SVC | MACON, MISSISSIPPI | Fourth Quarter of 2023 |
| DU QUOIN ST BK | DU QUOIN, ILLINOIS | Fourth Quarter of 2023 |
| SOUTHERN BK | POPLAR BLUFF, MISSOURI | Fourth Quarter of 2023 |