District 5: Federal Reserve Bank of Richmond PDF

Filings received during the week ending June 15, 2024

FilerFiling TypeFiling ProposalEnd of Comment Period
NewspaperFederal Register
UNITED BANKSHARES, INC.* 18C
* 3A5
* Branch (Domestic)
United Bankshares, Inc., Charleston, West Virginia to acquire 100% of the voting securities of Piedmont Bancorp, Inc., Peachtree Corners, Georgia, and thereby indirectly acquire The Piedmont Bank, Peachtree Corners, Georgia. In addition, United Bank, Fairfax, Virginia, to merge with The Piedmont Bank and operate The Piedmont Bank's branches.07/13/2024Not available
UNITED COMMUNITY BANK* Branch (Domestic)United Community Bank, Greenville, South Carolina, to establish a branch facility to be located at 1110 N. Charles Seivers Blvd., Clinton, Tennessee. 06/27/2024Not 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
CLEAR MNT BK, BRUCETON MILLS, WEST VIRGINIA88662411/19/202306/05/2023SInt 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: June 25, 2024