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 May 21, 2022

Filer Filing Type Filing Proposal End of Comment Period
MCGEHEE BANK EMPLOYEE STOCK OWNERSHIP PLAN THE * 3A3 The McGehee Bank Employee Stock Ownership Plan, McGehee, Arkansas, to acquire additional direct ownership of up to 35 percent of Southeast Financial Bankstock Corp., McGehee, Arkansas, and thereby increase its indirect control of McGehee Bank, McGehee, Arkansas.
Newspaper: 06/03/2022
Federal Register: 06/23/2022


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 Third Quarter of 2022 (July 1, 2022 - September 30, 2022) and Fourth Quarter of 2022 (October 1, 2022 - December 31, 2022)

Institution Location Quarter
BANK OF IBERIA IBERIA, MISSOURIThird Quarter of 2022
CASEY COUNTY BK LIBERTY, KENTUCKYThird Quarter of 2022
COMMUNITY BK LEXINGTON, TENNESSEEThird Quarter of 2022
FINANCIAL FED BK MEMPHIS, TENNESSEEThird Quarter of 2022
PIGGOTT ST BK PIGGOTT, ARKANSASThird Quarter of 2022
SIMMONS BK PINE BLUFF, ARKANSASThird Quarter of 2022
SOUTHERN BANCORP BK ARKADELPHIA, ARKANSASThird Quarter of 2022
TEUTOPOLIS ST BK TEUTOPOLIS, ILLINOISThird Quarter of 2022
CITIZENS B&TC VAN BUREN, ARKANSASFourth Quarter of 2022
COMMUNITY FNCL SVC BK BENTON, KENTUCKYFourth Quarter of 2022
FARMERS B&TC MAGNOLIA, ARKANSASFourth Quarter of 2022
FIRST NATURALSTATE BK MCGEHEE, ARKANSASFourth Quarter of 2022
FIRST ST BK SAINT PETER, ILLINOISFourth Quarter of 2022
FNBC BK ASH FLAT, ARKANSASFourth Quarter of 2022
PREMIER BK OF AR JONESBORO, ARKANSASFourth Quarter of 2022
UNION BK OF MENA MENA, ARKANSASFourth Quarter of 2022

* 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