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 December 20, 2008

Filer Filing Type Filing Proposal End of Comment Period
BANK OF MONROE, THE Premises The Bank of Monroe, Union, West Virginia, to increase its investment in bank premises in the amount of $900,000.
Newspaper: Not applicable
Federal Register: Not applicable
CAPITAL ONE FINANCIAL CORPORATION * 4c8 Capital One Financial Corporation, McLean, Virginia, to acquire 100% of the voting securities of Chevy Chase Bank, F.S.B., McLean, Virginia.
Newspaper: Not available
Federal Register: Not available
COMMUNITY BANK INVESTORS OF AMERICA, LP * 3A3 FA Capital, LLC. and Community Bank Investors of America, L.P., both located in Richmond, Virginia, to retain control of 6.82% and to acquire up to 7.55% of the voting securities of Commonwealth Bankshares, Inc., Norfolk, Virginia.
Newspaper: Not available
Federal Register: Not available
FIA CARD SERVICES, N.A. Investment FIA Card Services, N.A., Wilmington, Delaware, requests approval to make an investment through FIA Holdings S.a.r.l.-Zurich Branch, in Scottish Limited Partnership, Edinburgh, Scotland.
Newspaper: Not applicable
Federal Register: Not applicable
ICB FINANCIAL * 3A3 FA Capital, LLC. and Community Bank Investors of America, L.P., both located in Richmond, Virginia, to retain control of 5.81% and to acquire up to 9.90% of the voting securities of ICB Financial, Ontario, California.
Newspaper: Not available
Federal Register: Not available
SOUTHERN BANCSHARES (N.C.), INC. * 3A3 Southern Bancshares, Inc., Mount Olive, North Carolina, to acquire up to 9.9% of the outstanding common stock of ECB Bancorp, Inc., Englehard, North Carolina, and thereby indirectly acquire up to 9.9% of the shares of East Carolina Bank, Englehard, North Carolina.
Newspaper: Not available
Federal Register: 01/15/2009


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
CAPON VALLEY BK, WARDENSVILLE, WEST VIRGINIA 18836 07/14/2008 10/14/2008 O Small Bank


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