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 August 29, 2009

Filer Filing Type Filing Proposal End of Comment Period
FARMERS BANK, WINDSOR VA Premises
* Branch 		Farmers Bank, Windsor, Virginia, proposes to establish a branch at 6255 College Drive, Suffolk, Virginia, and to increase its investment in bank premises by an amount of $40, 000.
Newspaper: 09/08/2009
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
BANK OF STANLY, ALBEMARLE, NORTH CAROLINA 590220 05/04/2009 08/17/2009 O Int Sm Bank
CABARRUS B&TC, CONCORD, NORTH CAROLINA 3166729 05/11/2009 08/11/2009 S Small Bank
FOUR OAKS B&TC, FOUR OAKS, NORTH CAROLINA 292524 04/06/2009 08/12/2009 S Large Bank
MAINSTREET BK, HERNDON, VIRGINIA 3248849 05/11/2009 08/10/2009 S Small 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: September 03, 2009