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 January 21, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| VANTAGE BANK TEXAS | * Branch (Domestic) | Vantage Bank to establish a branch at 5151 San Felipe , Houston, Texas 77056 | Not available | Not applicable |
| WALLIS BANCSHARES, INC. | Change in Bank Control | Notice by The Dakri Grandchildren's 2022 GST Trust for Haaris A. Dakri, the Dakri Grandchildren's 2022 GST Trust for Minor Child 1, the Dakri Grandchildren's 2022 GST Trust for Minor Child 2 (Asif M. Dakri and Faizel M. Dakri, as co-trustees of the aforementioned trusts), all of Houston, Texas; to join the Dakri Family Control Group, a group acting in concert, to acquire voting shares of Wallis Bancshares, Inc., and thereby indirectly acquire voting shares of Wallis Bank, both of Wallis, Texas. | 01/18/2023 | Not available |
| WESTERN COMMERCE BANCSHARES OF CARLSBAD, INC. | * 3A5 | Western Commerce Bancshares of Carlsbad, Inc., Carlsbad, New Mexico, to acquire Western Bancshares of Clovis, Inc., Carlsbad, New Mexico, and indirectly acquire Western Bank of Clovis, Clovis, New Mexico. | Not available | 02/09/2023 |
* 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 Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||