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

District: 5
Federal Reserve Bank of: Richmond

Filings received during the week ending November 25, 2006

Filer

Filing Type

Filing Proposal

End of Comment Period

FIRST CHARTER BANK

* 18C
* Branch

First Charter Bank, Charlotte, North Carolina, to merge with Gwinnett Banking Company, Lawrenceville, Georgia.

Newspaper:	12/16/2006
Federal Register:	Not applicable

MONARCH BANK

* Branch

Monarch Bank, Chesapeake, Virginia, proposes to establish a branch at 5225 Providence Road, Virginia Beach, Virginia.

Newspaper:	12/05/2006
Federal Register:	Not applicable

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 First Quarter of 2007 (January 1, 2007 - March 31, 2007)

Institution	Location
BANK OF FLOYD	FLOYD, VIRGINIA
BANK OF THE COMMONWEALTH	NORFOLK, VIRGINIA
FARMERS BK WINDSOR VA	WINDSOR, VIRGINIA
FOUR OAKS B&TC	FOUR OAKS, NORTH CAROLINA
HOMETOWN BK	ROANOKE, VIRGINIA
NBRS FNCL	RISING SUN, MARYLAND
OLD LINE BK	BOWIE, MARYLAND
SECURITY ONE BK	BAILEYS CROSSROADS, VIRGINIA
VIRGINIA BUS BK	RICHMOND, VIRGINIA
VIRGINIA HEARTLAND BK	FREDERICKSBURG, VIRGINIA
VIRGINIA HERITAGE BK	FAIRFAX, VIRGINIA

District: 5 Federal Reserve Bank of: Richmond

Filings received during the week ending November 25, 2006

Availability of CRA Public Evaluations

CRA Examinations scheduled for First Quarter of 2007 (January 1, 2007 - March 31, 2007)

District: 5
Federal Reserve Bank of: Richmond