Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 6: Federal Reserve Bank of Atlanta PDF
Filings received during the week ending September 30, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| ALTRUST FINANCIAL SERVICES, INC. | Change in Bank Control | Wanda Walker Clay, Cecil Alan Walker, Amy Prather Walker, Trent Alan Walker, and Chelsy Shea Walker, all of Cullman, Alabama; Lance William Walker, Vestavia, Alabama; Terry Neal Walker, Tressa Denise Walker, Tillman Neal Walker, Whitney Walker Gibbs, and certain minor children, all of Baileyton, Alabama; and Timothy Dudley Walker (individually and as custodian for a certain minor child), Kathy Doreen Walker, and Shannon Dudley Walker, all of Joppa, Alabama; as a group acting in concert, to retain voting shares of Altrust Financial Services, Inc., and thereby indirectly retain voting shares of Peoples Bank of Alabama, both of Cullman, Alabama. | 10/17/2023 | 10/19/2023 |
* 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 |
|---|---|---|---|---|---|
| INSBANK, NASHVILLE, TENNESSEE | 2877345 | 02/05/2023 | 11/07/2022 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||