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 March 21, 2009

Filer Filing Type Filing Proposal End of Comment Period
BANK OF AMERICA CORPORATION Investment Bank of America Corporation, Charlotte, North Carolina, through its wholly-owned subsidiary, Merrill Lynch & Co., Inc., New York, New York, to increase its investment in Merrill Lynch International Bank Limited, Dublin, Ireland.
Newspaper: Not applicable
Federal Register: Not applicable
BANK OF AMERICA, NATIONAL ASSOCIATION Investment Bank of America, National Association, Charlotte, North Carolina, through its Edge corporation, BankAmerica International Financial Corporation, San Francisco, California, to increase its investment in Montrose Global Capital, LLP, London, England.
Newspaper: Not applicable
Federal Register: Not applicable
Randolph Bancshares, Inc. * 3A1 Randolph Bancshares, Inc., Asheboro, North Carolina, to become a bank holding company through the acquisition of 100% of the voting securities of Randolph Bank & Trust Company, Asheboro, North Carolina.
Newspaper: Not available
Federal Register: 04/17/2009


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
BANK OF CLARKE CTY, BERRYVILLE, VIRGINIA 753324 10/20/2008 02/16/2009 S Int Sm Bank
CAPITAL ONE BK, GLEN ALLEN, VIRGINIA 2253891 09/04/2007 01/14/2008 O Whole/Ltd Purp
FARMERS & MERCHANTS BK, TIMBERVILLE, VIRGINIA 713926 07/28/2008 02/23/2009 S Int Sm Bank
GATEWAY B&TC, ELIZABETH CITY, NORTH CAROLINA 2748650 09/15/2008 02/15/2009 S Int Sm Bank
MIDDLEBURG BK, MIDDLEBURG, VIRGINIA 679826 11/17/2008 02/16/2009 S Int Sm Bank
TRUPOINT BK, GRUNDY, VIRGINIA 274829 10/27/2008 03/02/2009 S Int Sm Bank
WACCAMAW BK, WHITEVILLE, NORTH CAROLINA 2607449 10/27/2008 02/15/2009 S Int Sm Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

* Subject to the provisions of the Community Reinvestment Act

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

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Last update: March 26, 2009