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 11, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| COMMERCE HOLDING CORPORATION | Change in Bank Control | Notice by Ethel Archer Davis; Frank Archer Davis, Sr., individually and as trustee of the Frank Archer Davis, Jr. Trust, the John Leland Davis Trust, and the Minor Child Trust; William Hull Davis, Jr., individually and as trustee of the William Hull Davis, Ill Trust, the Grace Ann Davis Trust, the George Newman Davis Trust, and the Samuel McTyeire Davis Trust, all of Corinth, Mississippi, to establish the Davis Family Control Group, a group acting in concert, to retain 10 percent or more of the voting shares of Commerce Holding Corporation, and thereby indirectly retain voting shares of Commerce Bank, both of Corinth, Mississippi | 05/30/2024 | 05/28/2024 |
| FARMERS STATE HOLDING CORP. | Change in Bank Control | Notice by Thomas Ryan Franks, Thomas Walker Franks, Amanda Jo Holland, and Elizabeth Lane Pilcher, all of Harrisburg, Illinois, to join Thomas William Franks, Marion, Illinois, to establish the Franks Family Control Group, a group acting in concert, to retain 25 percent or more of the shares of Farmers State Holding Corp., Harrisburg, Illinois, and thereby indirectly retain control of Farmers State Bank of Alto Pass, Alto Pass, Illinois. | 06/08/2024 | Not available |
| OAKSTAR BANK | * 18C * Branch (Domestic) | OakStar Bank, Springfield, Missouri, to purchase certain assets and assume certain liabilities of Riverstone Bank, Eagle, Nebraska, and to retain the acquired facility as a branch office. | 06/08/2024 | 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 |
|---|---|---|---|---|---|
| BANK OF ADVANCE, ADVANCE, MISSOURI | 879644 | 11/03/2023 | 07/24/2023 | S | Int Small Bank |
| CITIZENS BK, BATESVILLE, ARKANSAS | 856748 | 03/30/2024 | 05/15/2023 | S | Int Small Bank |
| FNB CMNTY BK, VANDALIA, ILLINOIS | 137447 | 11/03/2023 | 07/24/2023 | S | Int Small Bank |
| GUARANTY BK, SPRINGFIELD, MISSOURI | 3804535 | 03/31/2024 | 05/01/2023 | S | Int Small Bank |
| LINDELL B&TC, SAINT LOUIS, MISSOURI | 185859 | 12/18/2023 | 09/05/2023 | S | Int Small Bank |
| MONTICELLO BKG CO, MONTICELLO, KENTUCKY | 266945 | 01/27/2024 | 09/05/2023 | S | Int Small Bank |
| OAKSTAR BK, SPRINGFIELD, MISSOURI | 3374412 | 12/19/2022 | 06/13/2022 | S | Int Small Bank |
| OLD MO BK, SPRINGFIELD, MISSOURI | 2785646 | 06/03/2023 | 03/06/2023 | S | Int Small Bank |
| RELYANCE BK, WHITE HALL, ARKANSAS | 49241 | 09/23/2023 | 06/05/2023 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||