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 February 10, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BUFFALO BANCSHARES, INC. | Change in Bank Control | Notice by Rondal L. Wright Irrevocable Grantor Trust, R. Brent Wright individually and as trustee, both of Glasgow, Kentucky, to acquire 25 percent or more of the voting shares of Buffalo Bancshares, Inc., and thereby indirectly control Bank of Buffalo, both of Buffalo, Kentucky. | ||
| DREW BANCSHARES, INC. | Change in Bank Control | Notice by Bennie F. Ryburn, III, Ray Morrison Ryburn, Marion B. Ryburn, and Halley A. Ryburn, all of Monticello, Arkansas; Angelia D. Ryburn, Wilmar, Arkansas; Margaret Anne Ryburn, Atlanta, Georgia; and Madison A. Ryburn, Dallas, Texas, to join the Ryburn Family Control Group acting in concert, to retain 25 percent or more of the shares of and thereby retain control of Drew Bancshares, Inc., which controls Commercial Bank & Trust, both of Monticello, Arkansas. | 02/24/2024 | 02/27/2024 |
| MIDWEST REGIONAL BANCORP, INC. | Change in Bank Control | Notice by The Michael F. Bender Revocable Living Trust, Michael F. Bender and Diane M. Bender as co-trustees; and The Diane M. Bender Revocable Living Trust, Michael F. Bender and Diane M. Bender as co-trustees, all of Farmington, Missouri, to join the previously approved Bender Family Control Group and to retain 10 percent or more of the voting shares of Midwest Regional Bancorp, Inc., Festus, Missouri, and thereby indirectly retain control of Midwest Regional Bank, Clayton, Missouri. | 02/21/2024 | 02/27/2024 |
| RELYANCE BANK | * Branch (Domestic) | Relyance Bank, White Hall, Arkansas, to establish a branch facility to be located at 100 West Carpenter Street, Benton, Arkansas | 02/19/2024 | 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 |
|---|---|---|---|---|---|
| BANK OF ADVANCE, ADVANCE, MISSOURI | 879644 | 11/03/2023 | 07/24/2023 | S | Int Small Bank |
| FIRST SAVINGS BK, JEFFERSONVILLE, INDIANA | 785473 | 04/24/2023 | 04/18/2022 | S | Int Small Bank |
| LINDELL B&TC, SAINT LOUIS, MISSOURI | 185859 | 12/18/2023 | 09/05/2023 | S | Int Small Bank |
| MONTICELLO BKG CO, MONTICELLO, KENTUCKY | 266945 | 01/27/2024 | 09/05/2023 | S | Int Small Bank |
| OAKSTAR BK, SPRINGFIELD, MISSOURI | 3374412 | 12/19/2022 | 06/13/2022 | S | Int Small Bank |
| OLD MO BK, SPRINGFIELD, MISSOURI | 2785646 | 06/03/2023 | 03/06/2023 | S | Int Small Bank |
| RELYANCE BK, WHITE HALL, ARKANSAS | 49241 | 09/23/2023 | 06/05/2023 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||