Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 6: Federal Reserve Bank of Atlanta PDF
Filings received during the week ending August 19, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| REGIONS BANK | Public Welfare Investment | Regions Bank, Birmingham, Alabama, to make one public welfare investment. | Not applicable | Not applicable |
| SOUTHERN BANKSHARES, INC. | Change in Bank Control | Robert M. Clements; George M. Egan; W. Ross Singletary, II; John S. Surface; Scott C. Verlander; Jason Burhyte; W. Bret Cato; Jed V. Davis; Preston H. Haskell III Revocable Trust; Allen D. Miller; William H. Morris 2008 Trust, FH Morris LLC, and Wingman IrrevocableTrust; Charles B. Tomm; Alonzo D. S. Walton; and Patrick Zalupski, all of Jacksonville, Florida; Michael Hodge, Jacksonville Beach, Florida; William P. Battle; Cooper Family Venture, LLC; Donald Glisson, Jr., all of Ponte Vedra Beach, Florida; Steven C. Edwards and Steven Edward IRA, Atlanta, Georgia; Robert J. Mylod, Jr., Birmingham, Michigan; Frederic H. Garner; Robert H. Sheridan, III, all of Charlotte, North Carolina; Brothers Brooks, LLC, Darien, Connecticut; John F. Cozzi Revocable Trust, Malvern, Pennsylvania; Merrick R. Kleeman, Norwalk, Connecticut; Patrick K. McGee, Dallas, Texas; and John J. Schickel, Jr., Coppell, Texas; a group acting in concert, and to acquire voting shares of Southern Bankshares, Inc., and thereby indirectly acquire outstanding voting shares of The Claxton Bank, both of Claxton, Florida. | Not available | Not available |
* 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 |
|---|---|---|---|---|---|
| INSBANK, NASHVILLE, TENNESSEE | 2877345 | 02/05/2023 | 11/07/2022 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||