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: 3
Federal Reserve Bank of: Philadelphia

Filings received during the week ending July 17, 2010

Filer Filing Type Filing Proposal End of Comment Period
PATRIOT FINANCIAL PARTNERS LP CIC Patriot Financial Partners, GP, L.P., Patriot Financial Partners, L.P., Patriot Financial Partners Parallel, L.P., Patriot Financial Partners, GP, LLC, Patriot Financial Managers, L.P., and Messrs. Ira M. Lubert, W. Kirk Wycoff and James J. Lynch, all of Philadelphia, Pennsylvania, to purchase up to 19.2 percent of Palmetto Bancshares, Inc., Greenville, SC.
Newspaper: Not available
Federal Register: 07/20/2010
WLR SBI AcquisitionCo, LLC CIC WLR SBI AcquisitionCo, LLC, New York, NY, WL Ross & Co. LLC, New York, NY, Wilbur L. Ross, Jr., Palm Beach, FL, WLR Recovery Fund IV, L.P., New York, NY, WLR IV Parallel ESC, L.P., New York, NY, Invesco Ltd., Atlanta, GA, Invesco Holding Company Limited, London, United Kingdom, IVZ, Inc., Atlanta, GA, Invesco Group Services, Inc., Atlanta, GA, Invesco AIM Management Group, Inc., Houston, TX, Invesco North America Holdings, Inc., New York, NY, Invesco Advisers, Inc., Atlanta, GA, Invesco Private Capital, Inc., Atlanta, GA, INVESCO WLR IV Associates LLC, New York, NY, WLR Recovery Associates IV LLC, New York, NY, WL Ross Group L.P. New York, and EL Vedado LLC, New York, NY, to purchase 10 percent or more of Sun Bancorp, Inc., Vineland, NJ.
Newspaper: 08/09/2010
Federal Register: 08/05/2010


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