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 May 27, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| COMERICA BANK | Public Welfare Investment | Comerica Bank, Dallas, Texas, to make a Community Development and Public Welfare Investment in Grow Michigan II, LLC, a Michigan limited liability company | Not applicable | Not applicable |
| FROST BANK | * Branch (Domestic) | Frost Bank, San Antonio, Texas to establish a branch at 600 East 15th Street, Plano, Texas 75074 | 05/31/2023 | Not applicable |
| FROST BANK | * Branch (Domestic) | Frost Bank, San Antonio, Texas to establish a branch at 108 Southmore Avenue, Pasadena, TX 77502 | Not available | Not applicable |
| FROST BANK | * Branch (Domestic) | Frost Bank, San Antonio, Texas to establish a branch at 2810 S. State Hwy 161, Grand Prairie, TX 75052 | 06/08/2023 | 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 |
|---|---|---|---|---|---|
| AMERICAN ST BK, ARP, TEXAS | 262358 | 01/13/2023 | 09/26/2022 | S | Int Small Bank |
| 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 |
| TEXAS RGNL BK, HARLINGEN, TEXAS | 380458 | 01/08/2023 | 08/15/2022 | S | Int Small Bank |
| THIRD COAST BK SSB, HUMBLE, TEXAS | 3630323 | 08/14/2022 | 04/25/2022 | S | Int Small Bank |
CRA Examinations scheduled for Third Quarter of 2023 (July 1, 2023 - September 30, 2023) and Fourth Quarter of 2023 (October 1, 2023 - December 31, 2023)
| Institution | Location | Quarter |
|---|---|---|
| CHARLES SCHWAB BK SSB | WESTLAKE, TEXAS | Third Quarter of 2023 |
| COMERICA BK | DALLAS, TEXAS | Third Quarter of 2023 |
| FIRST ST BK | GAINESVILLE, TEXAS | Third Quarter of 2023 |