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: 8
Federal Reserve Bank of: St. Louis

Filings received during the week ending November 10, 2007

Filer Filing Type Filing Proposal End of Comment Period
FIRST ALLIANCE BANCSHARES, INC. 3A1 First Alliance Bancshares, Inc., Cordova, Tennessee, to become a bank holding company by acquiring 100 percent of First Alliance Bank, Cordova, Tennessee.
Newspaper: Not applicable
Federal Register: Not applicable
MERCHANTS & PLANTERS BANCSHARES, INC. CIC Notice by a control group to increase its control of Merchants & Planters Bancshares, Inc., Toone, Tennessee. The control group consists of Nancy C. Wilson, Memphis, Tennessee; Charles D. Newell, Jr., Germantown, Tennessee; Michael B. Baird, Cordova, Tennessee; Jon A. Reeves, Olive Branch, Mississippi; and Peter T. Hodo, West Point, Mississippi.
Newspaper: Not available
Federal Register: Not available
MIDWEST BANCORPORATION, INC. CIC Notice by the McLane Family Control Group, Poplar Bluff, Missouri, to increase its control of Midwest Bancorporation, Inc., Poplar Bluff, Missouri. The control group consists of Joseph T. McLane, Jana McLane Brown, Jerri Ann McLane, the Norma McLane Smith Revocable Trust ("Trust"), Norma McLane Smith as trustee of Trust, and the Midwest Bancorporation, Inc. and Affiliates Employee Stock Ownership Plan Trust (Joseph T. McLane as trustee), all of Poplar Bluff, Missouri.
Newspaper: 11/21/2007
Federal Register: 11/27/2007


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