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 31, 2012

Filer Filing Type Filing Proposal End of Comment Period
BENCHMARK COMMUNITY BANK Premises Benchmark Community Bank, Kenbridge, Virginia, for an increase in its investment in bank premises
Newspaper: Not applicable
Federal Register: Not applicable
BNC BANCORP * 3A5 BNC Bancorp, High Point, North Carolina, to acquire 100% of the voting securities of KeySource Financial, Inc., Durham, North Carolina, and thereby indirectly acquire KeySource Commercial Bank, Durham, North Carolina.
Newspaper: Not available
Federal Register: 04/16/2012
CFG COMMUNITY BANK * Branch CFG Community Bank, Towson, Maryland, to establish a branch at 11 W. Ridgely Road, Lutherville, Maryland
Newspaper: Not available
Federal Register: Not applicable
HARVEST BANCORP, INC. CIC U.S. Immigration Investment Center, LLC, Washington, D.C., and Ms. Mahnaz Khazen, as its managing director, to acquire up to 24.9% of the voting securities of HarVest Bancorp, Inc., Gaithersburg, Maryland.
Newspaper: Not available
Federal Register: 04/10/2012
HOMETRUST BANCSHARES, INC. * SLHC Formation HomeTrust Bancshares, Inc., Clyde, North Carolina, to become a savings and loan holding company upon the conversion of HomeTrust Bank, Clyde, North Carolina, from a mutual to stock form of ownership.
Newspaper: 04/04/2012
Federal Register: 04/19/2012
MAINSTREET BANK * Branch Main Street Bank, Herndon, Virginia, to establish a branch at 727 Elden Street, Herndon, Virginia
Newspaper: 04/06/2012
Federal Register: Not applicable
MORGANTON FEDERAL SAVINGS AND LOAN ASSOCIATION Member Morganton Savings Bank, S.S.B., Morganton, North Carolina, to become a state member bank upon the charter conversion of Morganton Federal Savings and Loan Association.
Newspaper: Not applicable
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
NONE


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