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: 5
Federal Reserve Bank of: Richmond

Filings received during the week ending February 2, 2008

Filer Filing Type Filing Proposal End of Comment Period
BANK OF AMERICA, NATIONAL ASSOCIATION Investment Bank of America, N.A., Charlotte, North Carolina, requests relief from the rolling 12-month aggregate limits with respect to investments in Storey Asset Management Company, Reno, Neveda.
Newspaper: Not applicable
Federal Register: Not applicable
BANK OF AMERICA, NATIONAL ASSOCIATION Investment Bank of America, N.A., Charlotte, North Carolina, requests approval to make an investment of $288 million through its agreement corporation, Banc of America FSC Holdings, Inc., San Francisco, California, in Storey Asset Management Company, Reno, Nevada.
Newspaper: Not applicable
Federal Register: Not applicable
BENCHMARK COMMUNITY BANK Premises Benchmark Community Bank, Kenbridge, Virginia, to increase its investment in bank premises by $1.1 million.
Newspaper: Not applicable
Federal Register: Not applicable
CLEAR MOUNTAIN BANK * Branch Clear Mountain Bank, Bruceton Mills, West Virginia, proposes to establish a branch at 500 Sunset Towne Centre, Morgantown, West Virginia.
Newspaper: 02/11/2008
Federal Register: Not applicable
CLEAR MOUNTAIN BANK Premises Clear Mountain Bank, Bruceton Mills, West Virginia, to increase its investment in bank premises in the amount of $150,000.
Newspaper: Not applicable
Federal Register: Not applicable
COMMUNITY BANKERS ACQUISITION CORP. * 3A5 Community Bankers Acquisition Corp., Great Falls, Virginia (to be renamed Community Bankers Trust Corporation), to acquire 100% of the voting securities of BOE Financial Services of Virginia, Inc., Tappahannock, Virginia, and thereby indirectly acquire Bank of Essex, Tappahannock, Virginia.
Newspaper: 02/20/2008
Federal Register: 02/25/2008
EVB * 18C EVB, Tappahannock, Virginia, to acquire certain assets and assume certain liabilities of the Colonial Heights and Richmond, Virginia, branches of Millennium Bank, N.A., Reston, Virginia.
Newspaper: 02/25/2008
Federal Register: Not applicable
FIA CARD SERVICES, N.A. Investment FIA Card Services, N.A., Wilmington, Delaware, requests relief from the rolling 12-month aggregate limits with respect to proposed investments in two new Regulation K subsidiaires.
Newspaper: Not applicable
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

* Subject to the provisions of the Community Reinvestment Act

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