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: 5
Federal Reserve Bank of: Richmond

Filings received during the week ending October 13, 2007

Filer Filing Type Filing Proposal End of Comment Period
BANK OF LANCASTER * Branch Bank of Lancaster, Kilmarnock, Virginia, proposes to establish a branch at Route 205, Beachgate Shopping Center, Colonial Beach, Virginia.
Newspaper: 10/19/2007
Federal Register: Not applicable
ROYAL BANK OF CANADA FBSEA Royal Bank of Canada, Montreal, Canada, to establish a branch at Three World Financial Center, 200 Vesey Street, New York, New York.
Newspaper: Not available
Federal Register: Not applicable
SNS PROPERTY FINANCE B.V. FBSEA SNS Property Finance B.V., Hoevelaken, Netherlands, to establish a representative office in Reston, Virginia.
Newspaper: Not available
Federal Register: Not applicable
SUMMIT FINANCIAL GROUP, INC. * 4c8 Summit Financial Group, Inc., Moorefield, West Virginia, to acquire 100% of the voting securities of Greater Atlantic Financial Corp., Reston, Virginia, and thereby indirectly acquire Greater Atlantic Bank, Reston, Virginia.
Newspaper: 10/20/2007
Federal Register: 11/09/2007
WACCAMAW BANK * Branch Waccamaw Bank, Whiteville, North Carolina, proposes to establish a branch at 8001 East Oak Island Drive, Oak Island, North Carolina.
Newspaper: 10/19/2007
Federal Register: Not applicable
WACCAMAW BANK * Branch Waccamaw Bank, Whiteville, North Carolina, proposes to establish a branch at 200 Smith Avenue, Shallotte, North Carolina.
Newspaper: 10/19/2007
Federal Register: Not applicable
WACCAMAW BANK * Branch Waccamaw Bank, Whiteville, North Carolina, proposes to establish a branch at 5429 Dick Pond Road, Myrtle Beach, South Carolina.
Newspaper: 10/20/2007
Federal Register: Not applicable
WACCAMAW BANK * Branch Waccamaw Bank, Whiteville, North Carolina, proposes to establish a branch at 112 Waccamaw Medical Park, Conway, South Carolina.
Newspaper: 10/26/2007
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     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