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 October 20, 2007

Filer Filing Type Filing Proposal End of Comment Period
ALIANT BANK * Branch Aliant Bank, Alexander City, Alabama, to establish a branch located at 2401 Stemley Bridge Road, Suite 13, Pell City Alabama.
Newspaper: 10/25/2007
Federal Register: Not applicable
ALLIANCE BANCSHARES, INC. CIC Alliance Bancshares, Inc., Dalton, Georgia, prior change in control notice filed by Jackson Parks Turner, Dalton, Georgia, to acquire 4.1 percent of the outstanding shares of Alliance Bancshares, Inc., and its subsidiary, Alliance National Bank, Dalton, Georgia.
Newspaper: 11/08/2007
Federal Register: 11/06/2007
BAY FINANCIAL SAVINGS BANK, F.S.B. Member Bay Financial Savings Bank, F.S.B., Tampa, Florida, to become a member of the Federal Reserve System, upon its conversion to Bay Bank, Tampa, Florida.
Newspaper: Not applicable
Federal Register: Not applicable
COMMUNITY BANK INVESTORS OF AMERICA, LP * 3A1 Community Bank Investors of America, LP, Midlothian, Virginia, to become a bank holding company by acquiring 34 percent of the outstanding shares of Bay Bank, Tampa, Florida (upon the conversion of Bay Financial Savings Bank, F.S.B., Tampa, Florida, to a state member bank); and FA Capital, LLC, Midlothian, Virginia, to become a bank holding company by acquiring 34 percent of the outstanding shares of Bay Bank, Tampa, Florida (upon the conversion of Bay Financial Savings Bank, F.S.B., Tampa, Florida, to a state member bank).
Newspaper: 11/05/2007
Federal Register: 11/16/2007
Touchstone Bancshares, Inc. * 3A1 Touchstone Bancshares, Inc., Norcross, Georgia, to become a bank holding company by acquiring 100 percent of the outstanding shares of Touchstone National Bank, Duluth, Georgia (in organization).
Newspaper: 11/16/2007
Federal Register: 11/19/2007


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