Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending March 3, 2012

Filer

Filing Type

Filing Proposal

End of Comment Period

CARVER FINANCIAL CORPORATION

4c8

After-the-fact notification filed by Carver Financial Corporation, Savannah, Georgia, to continue engaging in community development activities through its subsidiary, Carver Development CDE I, LLC, Savannah, Georgia. Specifically, Carver Financial Corporation, through Carver Development CDE I, LLC served as intermediary in a New Markets Tax Credit loan transaction between Merrill Lynch NMTC Corporation and Savannah College of Art & Design, Savannah, Georgia.

Newspaper:	Not applicable
Federal Register:	03/23/2012

PCNB BANCSHARES, INC.

CIC

Prior Change in control notice filed by Bixby Bridge Financial, LP and David D. Colburn, as general partner both of Northbrook, Illinois, to collectively acquire up to 91.27 percent voting stock, and 21.90 percent of non-voting stock of PCNB Bancshares, Inc., and its subsidiary, Peoples Community Bank, both of Bremen, Georgia.

Newspaper:	Not available
Federal Register:	Not available

PSB BANCGROUP, INC.

CIC

Prior Change in control notice filed by Renny B. Eadie and Robert M. Eadie, both of Lake City, Florida, to collectively acquire an additional 3.87 percent of the outstanding shares of PSB BancGroup, Inc., and its subsidiary, Peoples State Bank, both of Lake City, Florida. Total pro forma ownership will equal 13.45 percent.

Newspaper:	Not available
Federal Register:	03/21/2012

UNITED GROUP OF CENTRAL FLORIDA II, LLC

* 3A1

United Group of Central Florida II, LLC, Longwood, Florida, to become a bank holding company by acquiring 100 percent of the outstanding shares of Citizens Bancorp of Oviedo, Inc. and its subsidiary, Citizens Bank of Florida, both of Oviedo, Florida.

Newspaper:	Not available
Federal Register:	03/23/2012

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 INDEP, SHEFFIELD, ALABAMA	539032	11/14/2011	03/01/2012	S	Large Bank
FIRST PROGRESSIVE BK, BREWTON, ALABAMA	177135	09/26/2011	02/23/2012	S	Small Bank

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 6 Federal Reserve Bank of: Atlanta

Filings received during the week ending March 3, 2012

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 6
Federal Reserve Bank of: Atlanta