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

District: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending November 15, 2008

Filer

Filing Type

Filing Proposal

End of Comment Period

BANCO DE DESARROLLO RURAL, S.A.

FBSEA

Banco de Desarrollo Rural, S.A., (BANRURAL), Guatemala City, Guatemala, to establish a representative office located in Miami, Florida.

Newspaper:	11/30/2008
Federal Register:	Not applicable

BANCO ITAU S.A.

Other Foreign

Banco Itau S.A., Sao Paulo, Brazil, prior change in control notice to indirectly acquire an additional 80 percent of the outstanding shares of Banco Itau Europa International, Miami, Florida. Total pro forma will equal 100 percent.

Newspaper:	Not applicable
Federal Register:	Not applicable

BANCTENN CORP.

* 3A3

BancTenn Corp., Kingsport Tennessee, to acquire up to 20 percent of the voting shares of Paragon Commercial Corporation, and its subsidiary, Paragon Commercial Bank, both of Raleigh, North Carolina.

Newspaper:	12/11/2008
Federal Register:	12/12/2008

PROTECTIVE LIFE CORPORATION

* 3A1

Protective Life Corporation, Birmingham, Alabama, to become a bank holding company by acquiring 100 percent of the outstanding shares of Bonifay Holding Company, Inc., and its subsidiary, The Bank of Bonifay, both of Bonifay, Florida.

Newspaper:	Not available
Federal Register:	12/12/2008

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

District: 6 Federal Reserve Bank of: Atlanta

Filings received during the week ending November 15, 2008

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 6
Federal Reserve Bank of: Atlanta