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 May 19, 2007

Filer

Filing Type

Filing Proposal

End of Comment Period

BANK OF AMERICA CORPORATION

Other Foreign

Bank of America Corporation, Charlotte, North Carolina, to acquire U.S. Trust Corporation, New York, New York, and thereby indirectly acquire United States Trust Company International Corporation.

Newspaper:	Not applicable
Federal Register:	Not available

CHESAPEAKE BANK

* Branch

Chesapeake Bank, Kilmarnock, Virginia, proposes to establish a branch between 608 and 644 North Main Street, Kilmarnock, Virginia.

Newspaper:	05/25/2007
Federal Register:	Not applicable

NEW PEOPLES BANK, INC.

* 18C

New Peoples Bank, Inc., Honaker, Virginia, to acquire certain assets and assume certain liabilities of the Norton, Virginia, and Pennington Gap, Virginia, branch offices of FNB Southeast, Reidsville, North Carolina.

Newspaper:	06/01/2007
Federal Register:	Not applicable

SHORE BANK

Premises

Shore Bank, Onley, Virginia, proposes to increase its investment in bank premises by $2 million.

Newspaper:	Not applicable
Federal Register:	Not applicable

UNITED BANKSHARES, INC.

* 3A5
* 18C
* Branch

United Bankshares, Inc., Charleston, West Virginia, and George Mason Bankshares, Inc., Fairfax, Virginia, to acquire 100% of the voting securities of Premier Community Bankshares, Inc., Winchester, Virginia, and thereby indirectly acquire The Marathon Bank, Winchester, Virginia, Rockingham Heritage Bank, Harrisonburg, Virginia, and Premier Bank, Inc., Martinsburg, West Virginia.

Newspaper:	Not available
Federal Register:	Not available

VIRGINIA COMMERCE BANK

* Branch

Virginia Commerce Bank, Arlington, Virginia, proposes to establish a branch at 10800-A Courthouse Road, Fredericksburg, Virginia.

Newspaper:	05/31/2007
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
FNB SOUTHEAST, REIDSVILLE, NORTH CAROLINA	390925	07/31/2006	04/16/2007	S	Large Bank
HOMETOWN BK, ROANOKE, VIRGINIA	3357910	01/10/2007	04/09/2007	S	Small Bank
OLD LINE BK, BOWIE, MARYLAND	1401387	01/29/2007	04/25/2007	S	Small Bank
VIRGINIA HERITAGE BK, FAIRFAX, VIRGINIA	3374298	01/22/2007	04/16/2007	S	Small Bank

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

District: 5 Federal Reserve Bank of: Richmond

Filings received during the week ending May 19, 2007

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond