Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 5
Federal Reserve Bank of: Richmond

Filings received during the week ending January 27, 2007

Filer

Filing Type

Filing Proposal

End of Comment Period

BANK OF THE COMMONWEALTH

* Branch

Bank of the Commonwealth, Norfolk, Virginia, proposes to establish a branch at 5460 Wesleyan Drive, Virginia Beach, Virginia.

Newspaper:	02/02/2007
Federal Register:	Not applicable

BB&T CORPORATION

* 4c8

BB&T Corporation, Winston-Salem, North Carolina, to acquire 100% of the voting securities of Coastal Financial Corporation, Myrtle Beach, South Carolina, and thereby indirectly acquire Coastal Federal Bank, Myrtle Beach, South Carolina, and engage in operating a savings association, and indirectly acquire Coastal Planners Holding Corporation, Myrtle Beach, South Carolina, which is the holding company of Coastal Retirement, Estate & Tax Planners, Inc., Myrtle Beach, South Carolina, and engage in the activities of financial planning and tax preparation services, and indirectly acquire Coastal Federal Holding Corporation, Wilmington, Delaware, which is the holding company of Coastal Real Estate Investment Corporation, Sunset Beach, North Carolina, and engage in the activities of acquiring and servicing loans.

Newspaper:	02/09/2007
Federal Register:	02/23/2007

NEW PEOPLES BANK, INC.

* Branch

New Peoples Bank, Inc., Honaker, Virginia, proposes to establish a branch at the Southeast corner of Maine and Brick Street, Bramwell, West Virginia.

Newspaper:	02/06/2007
Federal Register:	Not applicable

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
NONE

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

District: 5 Federal Reserve Bank of: Richmond

Filings received during the week ending January 27, 2007

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond