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 October 26, 2013

Filer Filing Type Filing Proposal End of Comment Period
BANCO DE CREDITO E INVERSIONES S.A. * 3A1 Banco De Credito E Inversiones, Empresas Juan Yarur S.A.C., Inversiones Petro S.A., Inversiones Baquio LTDA., Inversiones Nueve LTDA., and Administraciones Baquio LTDA., all of Santiago, Chile, to become bank holding companies by acquiring 100 percent of CM Florida Holdings, Inc., Coral Gables, Florida, and its subsidiary, City National Bank of Florida, Miami, Florida.
Newspaper: Not available
Federal Register: 08/08/2013
FIRST VISION BANK OF TENNESSEE * Branch First Vision Bank of Tennessee, Tullahoma, Tennessee, to establish a branch located at 303 West Main Street, Murfreesboro, Tennessee.
Newspaper: Not available
Federal Register: Not applicable
MERCHANTS AND FARMERS BANCSHARES, INC. CIC After the fact change in control notice filed by Jane Bryant Banks, Mary Banks Garnand, James Banks Garnand, Daniel Michael Garnand, all of Eutaw, Alabama, to collectively retain 16.6 percent of the outstanding voting shares of common stock of Merchants and Farmers Bancshares, Inc., and its subsidiary, Merchants & Farmers Bank of Greene County, both of Eutaw, Alabama.
Newspaper: Not available
Federal Register: 11/07/2013
NCG BANCO, S.A. FBSEA NCG Banco, S.A., A Coruna, Spain, to establish an international representative-administrative office located in Miami, Florida.
Newspaper: Not available
Federal Register: Not applicable
SOUTHERN BANK OF TENNESSEE * Branch Southern Bank of Tennessee, Mt. Juliet, to establish a branch located at 1213 West Main Street, Lebanon, Tennessee, to be known as the Lebanon Office.
Newspaper: 11/07/2013
Federal Register: Not applicable
Southern Community Bancshares, Inc. Employee Stock Ownership Plan * 3A1 Southern Community Bancshares, Inc. Employee Stock Ownership Plan, to increase its ownership of Southern Community Bancshares, Inc. from 24.27 percent to 51 percent, and thereby increase its indirect ownership of First Community Bank of Cullman, all of Cullman, Alabama.
Newspaper: Not available
Federal Register: Not available


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