Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 11: Federal Reserve Bank of Dallas PDF
Filings received during the week ending November 26, 2022
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| F & M BANCSHARES, INC. | Change in Bank Control | Scotty Dan Allen and Johnny Brad Allen, each of Stephenville, Texas have applied to the Federal Reserve Board as a group acting in concert for permission to control 25 percent or more of F&M Bancshares, Inc., De Leon, Texas (the "Company"), which controls Farmers and Merchants Bank, De Leon, Texas. Scotty Dan Allen is also seeking clearance to acquire 25 percent or more of the shares and thereby control the Company. | 12/07/2022 | 12/14/2022 |
| Lamar Street Investment Partners, LLC | * 3A1 | Lamar Street Investment Partners, LLC, Addison, Texas, to become a bank holding company, by acquiring Fidelity Bancshares, Inc., and thereby indirectly acquire Fidelity Bank of Texas, both of Waco, Texas | Not available | 12/29/2022 |
| THIRD COAST BANK, SSB | * Branch (Domestic) | Third Coast Bank, SSB, Humble, Texas, to establish a branch at 9709 Lakeside Blvd., The Woodlands, Texas 77339. | 12/05/2022 | Not applicable |
* Subject to the provisions of the Community Reinvestment Act
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 |
|---|---|---|---|---|---|
| CIERA BK, GRAHAM, TEXAS | 327855 | 05/13/2022 | 01/10/2022 | S | Int Small Bank |
| FIRST ST BK OF LIVINGSTON, LIVINGSTON, TEXAS | 884358 | 05/22/2022 | 02/07/2022 | O | Int Small Bank |
| SUSSER BK, DALLAS, TEXAS | 965789 | 08/27/2022 | 02/28/2022 | S | Int Small Bank |
| TEXAS FIRST BK, TEXAS CITY, TEXAS | 473266 | 08/07/2022 | 03/14/2022 | S | Int Small Bank |
| THIRD COAST BK SSB, HUMBLE, TEXAS | 3630323 | 08/14/2022 | 04/25/2022 | S | Int Small Bank |
| UNITED TX BK, DALLAS, TEXAS | 726953 | 02/20/2022 | 11/03/2021 | S | Int Small Bank |
CRA Examinations scheduled for First Quarter of 2023 (January 1, 2023 - March 31, 2023) and Second Quarter of 2023 (April 1, 2023 - June 30, 2023)
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||