Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 5: Federal Reserve Bank of Richmond PDF
Filings received during the week ending May 25, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| CAPITAL BANCORP, INC. | * 3A3 * 3A5 Listed Going Concern | Capital Bancorp, Inc., Rockville, Maryland, to acquire 100% of the outstanding voting securities of Integrated Financial Holdings, Inc., Raleigh, North Carolina, and thereby indirectly acquire West Town Bank & Trust, North Riverside, Illinois, and to acquire interests in certain nonbank subsidiaries, which include Windsor Advantage, LLC, Chicago, Illinois, and VeriLeaf, Inc., Austin, Texas, pursuant to Sections 3 and 4 of the Bank Holding Company Act. | 06/19/2024 | 07/01/2024 |
| PRIMIS BANK | * Branch (Domestic) | Primis Bank, Tappahannock, Virginia, to expand its courier services in Spotsylvania County, Virginia, Fredericksburg, Virginia, Charles County, Maryland, Frederick County, Maryland, Richmond County, Virginia, Westmoreland County, Virginia, and King George County, Virginia. | 06/10/2024 | 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 |
|---|---|---|---|---|---|
| CLEAR MNT BK, BRUCETON MILLS, WEST VIRGINIA | 886624 | 11/19/2023 | 06/05/2023 | S | Int Small Bank |
| FREEDOM BK OF VIRGINIA, FAIRFAX, VIRGINIA | 3019982 | 06/24/2023 | 10/24/2022 | S | Int Small Bank |
CRA Examinations scheduled for Third Quarter of 2024 (July 1, 2024 - September 30, 2024) and Fourth Quarter of 2024 (October 1, 2024 - December 31, 2024)
| Institution | Location | Quarter |
|---|---|---|
| HOMETRUST BK | ASHEVILLE, NORTH CAROLINA | Third Quarter of 2024 |
| CHESAPEAKE BK | KILMARNOCK, VIRGINIA | Fourth Quarter of 2024 |
| COASTAL STS BK | HILTON HEAD ISLAND, SOUTH CAROLINA | Fourth Quarter of 2024 |
| EAGLEBANK | BETHESDA, MARYLAND | Fourth Quarter of 2024 |