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 May 26, 2007

Filer Filing Type Filing Proposal End of Comment Period
CAPGEN CAPITAL GROUP LLC * 3A1 CapGen Capital Group LLC, Washington, D.C., to become a bank holding company by acquiring 100 percent control of CapGen Capital Group LP, Washington, D.C., and thereby indirectly acquiring control of The BANKshares, Inc., Melbourne, Florida, and its subsidiaries, BankFIRST, Winter Park, Florida, and Bank Brevard, Melbourne, Florida (Banks); and by CapGen Capital Group LP, Washington, D.C., to become a bank holding company by acquiring 21.8 percent of The BANKshares, Inc., Melbourne, Florida, and Banks.
Newspaper: 06/10/2007
Federal Register: 06/14/2007
CSB&T Bancorp, Inc. * 3A1 CSB&T Bancorp, Inc., Nashville, Tennessee, to become a bank holding company by acquiring 100 percent of the outstanding shares of Citizens Savings Bank & Trust Company, Nashville, Tennessee.
Newspaper: Not available
Federal Register: Not available
PINNACLE FINANCIAL CORPORATION * 3A5 Pinnacle Financial Corporation, Elberton, Georgia, to merge with Georgia Central Bancshares, Inc., and thereby acquire its subsidiary, Georgia Central Bank, both of Social Circle, Georgia.
Newspaper: 06/16/2007
Federal Register: 06/18/2007
SOUTHCREST FINANCIAL GROUP, INC. * 3A3 SouthCrest Financial Group, Inc., Fayetteville, Georgia, to acquire 100 percent of the outstanding shares of Bank of Chickamauga, Chickamauga, Georgia.
Newspaper: 06/10/2007
Federal Register: 06/05/2007
SOUTHERN NATIONAL CORPORATION * 3A3 Southern National Corporation, Andalusia, Alabama, to acquire 100 percent of the outstanding shares of People's Community Bank of the West Coast, Sarasota, Florida.
Newspaper: 06/07/2007
Federal Register: 06/08/2007
SUNTRUST BANK * Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located at 8990 Turkey Lake Road, Orlando, Florida, to be known as the Turkey Lake Wal-Mart Office.
Newspaper: 06/04/2007
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 Third Quarter of 2007 (July 1, 2007 - September 30, 2007)

Institution Location
ALIANT BK ALEXANDER CITY, ALABAMA
BANK OF YORK YORK, ALABAMA
FARMERS & MRCH BK CENTRE, ALABAMA
FIRST GA CMNTY BK JACKSON, GEORGIA
FIRST PROGRESSIVE BK BREWTON, ALABAMA

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