District 5: Federal Reserve Bank of Richmond PDF

Filings received during the week ending September 16, 2023

FilerFiling TypeFiling ProposalEnd of Comment Period
NewspaperFederal Register
ATLANTIC UNION BANKSHARES CORPORATION* 18C
* 3A5
* Branch (Domestic)
Atlantic Union Bankshares Corporation, Richmond, Virginia, to acquire 100% of the voting securities of American National Bankshares Inc. Danville, Virginia, and thereby indirectly acquire American National Bank and Trust Company, Danville, Virginia. In addition, Atlantic Union Bank, Richmond, Virginia, to merge with American National Bank and Trust Company and operate American National Bank and Trust Company's branches.10/14/202310/19/2023
BURKE & HERBERT FINANCIAL SERVICES CORP.Election (Domestic)Burke & Herbert Financial Services Corp., Alexandria, virginia elects to become a Financial Holding Compnay.Not applicableNot 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 / LocationRSSD IDExam DateCRA Public DateCRA RatingExam Method
BENCHMARK CMNTY BK, KENBRIDGE, VIRGINIA9452202/04/202308/15/2022SInt Small Bank
CHESAPEAKE BK, KILMARNOCK, VIRGINIA21472211/14/202206/13/2022SInt Small Bank
FARMERS & MERCHANTS BK, TIMBERVILLE, VIRGINIA71392609/18/202204/04/2022SInt Small Bank
FREEDOM BK OF VIRGINIA, FAIRFAX, VIRGINIA301998206/24/202310/24/2022SInt Small Bank
CRA Examinations scheduled for    Quarter of
InstitutionLocationQuarter
NONE
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Last Update: September 21, 2023