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 September 2, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| FIRST PARAGOULD BANKSHARES, INC. | Change in Bank Control | Notice by the Brewer Family Trust, James F. Gramling (individually and as special trustee of the Brewer Family Trust), the William E. Brewer Irrevocable Trust, the William E. Brewer, III Irrevocable Trust, the Elizabeth Shaw Brewer Irrevocable Trust, William E. Brewer (individually and as trustee of the William E. Brewer Irrevocable Trust, the William E. Brewer, III Irrevocable Trust and the Elizabeth Shaw Brewer Irrevocable Trust), the Shawill Irrevocable Trust, William E. Brewer, III (individually and as trustee of the Shawill Irrevocable Trust), Diane Elizabeth Brewer, Meredith Brewer, Elizabeth Shaw Brewer, Neeley Camp and Britt Camp, all of Paragould, Arkansas, to retain the voting shares of First Paragould Bankshares, Inc., and thereby retain the voting shares of First National Bank, both of Paragould, Arkansas | 09/18/2023 | 09/18/2023 |
| NEW FRONTIER BANK | * Branch (Domestic) | New Frontier Bank, St. Charles, Missouri, to establish a branch facility to be located at 100 Ridgeway Cove Lane, Lake Saint Louis, Missouri. | 09/12/2023 | Not applicable |
| SOUTHERN BANCORP BANK | * Branch (Domestic) | Southern Bancorp Bank, Arkadelphia, Arkansas, to establish a branch facility located at 5218 Goodman Road, Suite 101, Olive Branch, Mississippi | 09/15/2023 | 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 |
|---|---|---|---|---|---|
| CITIZENS B&TC, VAN BUREN, ARKANSAS | 192147 | 01/29/2023 | 10/24/2022 | S | Int Small Bank |
| FIRST SAVINGS BK, JEFFERSONVILLE, INDIANA | 785473 | 04/24/2023 | 04/18/2022 | S | Int Small Bank |
| OAKSTAR BK, SPRINGFIELD, MISSOURI | 3374412 | 12/19/2022 | 06/13/2022 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||