Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending June 10, 2006

Filer Filing Type Filing Proposal End of Comment Period
ADAM BANK GROUP, INC. * 3A1 Adam Bank Group, Inc., Ocala, Florida, to become a bank holding company by acquiring at least 89 percent of the voting shares of American Commerce Bank, Tampa, Florida (in organization).
Newspaper: 07/09/2006
Federal Register: 07/07/2006
FIRST SOUTHERN BANK * Branch First Southern Bank, Boca Raton, Florida, to establish a branch located at 200 South Andrews Avenue, Unit R-B, Fort Lauderdale, Florida, to be known as the Downtown Fort Lauderdale Branch.
Newspaper: 06/30/2006
Federal Register: Not applicable
RIVERSIDE BANKING COMPANY * 3A5 Riverside Banking Company, Fort Pierce, Florida, to merge with First Community Bank Holding Company, and thereby acquire its subsidiary First Community Bank, both of Debary, Florida.
Newspaper: Not available
Federal Register: 07/06/2006
SECURITY BANK CORPORATION * 3A3 Security Bank Corporation, Macon, Georgia (Security), and its subsidiary, SBKC Interim Bank(Interim), to acquire 100 percent of the outstanding shares of common stock of Homestead Bank, Suwanee, Georgia, by merging with and into Interim. Interim will be a Georgia state bank and wholly owned acquisition subsidiary of Security, which will be formed soley to facilitate the acquisition. Homestead is a Georgia state chartered bank located at 1380 Peachtee Industrial Boulevard, Suwanee, Georgia. Interim will survive the merger and will continue to operate under the name "Security Bank of Gwinnett County." Security Bank of Gwinnett County will be a separate wholly owned subsidiary of Security after the merger.
Newspaper: 06/30/2006
Federal Register: 07/07/2006
SEQUATCHIE VALLEY BANCSHARES, INC. * 3A5 Sequatchie Valley Bancshares, Inc., Dunlap, Tennessee, to merge with F N Bancorp, Inc., and thereby acquire its subsidiary, First National Bank of Tullahoma, both of Tullahoma, Tennessee.
Newspaper: Not available
Federal Register: 07/07/2006


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
NONE


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco