Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 8: Federal Reserve Bank of St. Louis PDF
Filings received during the week ending January 21, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| CARROLL BANK AND TRUST | * Branch (Domestic) | Carroll Bank and Trust, Huntingdon, Tennessee, to establish a branch facility located at 386 West Church Street, Lexington, Tennessee | 02/07/2023 | Not applicable |
| ENCORE BANK | * Branch (Domestic) | Encore Bank, Little Rock, Arkansas, to establish a branch facility located at 6900 E. Layton, Avenue, Suite 1350, Denver, Colorado | 01/24/2023 | Not applicable |
| MIDLAND STATES BANK | * Branch (Domestic) | Midland States Bank, Effingham, Illinois, to establish a branch facility located at 4400 E. Lincolnway, Sterling, Illinois | 01/29/2023 | Not applicable |
| MO-ARK Bancshares, Inc. | * 3A1 | MO/ARK Bancshares, Inc., Hollister, Missouri, to become a bank holding company by acquiring Stone Bancshares, Inc., and thereby indirectly acquiring Stone Bank, both of Mountain View, Arkansas | 02/19/2023 | 02/23/2023 |
| Power Bancshares, Inc. | * 3A1 | Power Bancshares, Inc., Bradley, Arkansas, to become a bank holding company by acquiring Community State Bank, Bradley, Arkansas | Not applicable | 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 |
|---|---|---|---|---|---|
| FARMERS & MERCHANTS BK, STUTTGART, ARKANSAS | 677644 | 04/17/2022 | 01/10/2022 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||