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

District: 11
Federal Reserve Bank of: Dallas

Filings received during the week ending April 14, 2007

Filer

Filing Type

Filing Proposal

End of Comment Period

COMMUNITY BANCSHARES, INC.

* 3A1

Community Bancshares, Inc., Bridgeport, Texas, to become a bank holding company by acquiring 100 percent of The Community Bank, Bridgeport, Texas (de novo).

Newspaper:	Not available
Federal Register:	05/11/2007

PEOPLES BANK

* Branch

Peoples Bank, Lubbock, Texas, to establish a branch to be located at 8001 CR 1540 (the SW corner of U.S. Highway 84 and County Road 1540), Shallowater, Texas 79424.

Newspaper:	04/25/2007
Federal Register:	Not applicable

SOUTH PLAINS FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

* 3A3

South Plains Financial, Inc. Employee Stock Ownership Plan, Lubbock, Texas, to acquire additional shares up to 30.7 percent of South Plains Financial, Inc., Lubbock, Texas, and indirectly acquire South Plains Delaware Financial Corporation, Dover, Delaware, City Bank, Lubbock, Texas, Zia Financial Corporation, Ruidoso, New Mexico, and City Bank New Mexico, Ruidoso, New Mexico.

Newspaper:	05/02/2007
Federal Register:	05/07/2007

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: 11 Federal Reserve Bank of: Dallas

Filings received during the week ending April 14, 2007

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 11
Federal Reserve Bank of: Dallas