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

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending September 8, 2007

Filer Filing Type Filing Proposal End of Comment Period
CITIZENS SOUTHERN BANCSHARES, INC. CIC Citizens Southern Bancshares, Inc., Vernon, Alabama (Bancshares), prior change in control notice filed by Guy F. Medley and Ann S. Medley; Michael A. Medley and Lanora A. Medley; Michael P. McCann and Janice A. McCann; Michael A. Bean and Deborah B. Bean; and Jeffrey K. Stout and Diane O. Stout, all of Dothan, Alabama, to collectively acquire 69.17 percent of the outstanding shares of Bancshares and its subsidiary, Citizens State Bank, Vernon, Alabama.
Newspaper: 09/04/2007
Federal Register: 09/10/2007
COASTAL COMMERCE BANCSHARES, INC. CIC Prior change in control notice filed by Leandre Joseph Folse; Bonnie Jane Folse; Mark Phillip Folse; Todd John Folse; and the Folse Family Voting Trust, Leandre Joseph Folse, Bonnie Jane Folse, and Mark Phillip Folse, trustees; all of Houma, Louisiana, Carrie Jane Folse, Birmingham, Alabama; The Myrtis Folse Lucas Revocable Trust, Tulsa, Oklahoma, Mytris Folse Lucas, grantor; and The Joe W. Smith Revocable Trust, Tulsa, Oklahoma, Joe W. Smith, grantor and trustee; to collectively acquire 2.0 percent of the outstanding shares of Coastal Commerce Bancshares, and its subsidiary, Coastal Commerce Bank, both of Houma, Louisiana. Total pro forma ownership for the group will be 14.2 percent.
Newspaper: 10/01/2007
Federal Register: 09/27/2007
FIRST GUARANTY BANCSHARES, INC. * 3A3 First Guaranty Bancshares, Inc., to acquire 100 percent of the outstanding shares of Douglass National Bank, Kansas City, Missouri.
Newspaper: 10/06/2007
Federal Register: 10/04/2007
FLORIDA SHORES BANCORP, INC. * 3A3 Smith Associates Florida Banking Fund LLC, along with Smith Associates Bank Fund Management LLC, and Florida Shores Bancorp, Inc., all of Pompano Beach, Florida, to acquire 60 percent of the outstanding shares of Florida Shores Bank - Southwest, Venice, Florida (in organization).
Newspaper: 10/05/2007
Federal Register: 10/09/2007
SECURITY BANK CORPORATION * 3A3 Security Bank Corporation, Macon, Georgia, advance federal register for the proposal to acquire 100 percent of the outstanding shares of Security Bank of the Coast, Brunswick, Georgia (in organization).
Newspaper: Not available
Federal Register: 10/04/2007
STERLING BANK * Branch Sterling Bank, Lantana, Florida, to establish a branch located at 2465 Wilton Drive, Wilton Manors, Florida.
Newspaper: 09/15/2007
Federal Register: Not applicable
SUNTRUST BANK * Branch SunTrust Bank, Atlanta, Georgia, to establish branches at the following locations: 16116 State Road 54, Odessa, Florida, to be known as the Suncoast Crossings Office; 4386 Cobb Parkway, Acworth, Georgia, to be known as the Governor's Towne Club Office; and 8109 Kensington Drive, Waxhaw, North Carolina, to be known as the Cureton Office.
Newspaper: 09/13/2007
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

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco