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 April 9, 2016

Filer Filing Type Filing Proposal End of Comment Period
BANKCAP EQUITY FUND, LLC * 3A3 BCP Fund I Virginia Holdings, LLC, The BankCap Association, which consists of BankCap Equity Fund, LLC, BankCap Partners GP, L.P., and BankCap Partners Fund I, L.P.; and BankCap Partners Opportunity Fund, L.P., all of Dallas, Texas, to acquire up to 7.1% of the voting shares of Hampton Roads Bankshares, Inc., Virginia Beach, Virginia, and thereby indirectly acquire voting shares of Bank of Hampton Roads, Virginia Beach, Virginia.
Newspaper: 04/23/2016
Federal Register: 04/25/2016
CHESAPEAKE BANK * Branch Chesapeake Bank, Kilmarnock, Virginia, intends to open a new branch at 1900 Lauderdale Drive, Henrico, Virginia.
Newspaper: 04/08/2016
Federal Register: Not applicable
EAGLEBANK * Branch EagleBank, Bethesda, Maryland, has submitted an application to open a new branch at 3143 N Street, NW, Washington, D.C.
Newspaper: Not available
Federal Register: Not applicable
FIRST BANK * Branch First Bank, Troy, North Carolina, to establish a branch at 4201 Congress Street, Suite 100, Charlotte, North Carolina.
Newspaper: 04/04/2016
Federal Register: Not applicable
FIRST BANK * 18C
* Branch
First Bank, Troy, North Carolina, to acquire certain assets and assume certain liabilities of six branch offices of First Community Bank, Bluefield, Virginia.
Newspaper: 05/07/2016
Federal Register: Not applicable
FIRST COMMUNITY BANK * 18C
* Branch
First Community Bank, Bluefield, Virginia, to acquire certain assets and assume certain liabilities of seven branch offices of First Bank, Troy, North Carolina.
Newspaper: 05/07/2016
Federal Register: Not applicable
HAMPTON ROADS BANKSHARES, INC. * 3A5
* 18C
* Branch
CapGen Capital Group VI LP, CapGen Capital Group VI LLC, both of New York, New York, and Hampton Roads Bankshares, Inc., Virginia Beach, Virginia, to acquire 100% of the voting securities of Xenith Bankshares, Inc., Richmond, Virginia, and thereby indirectly acquire Xenith Bank, Richmond, Virginia. In addition, Bank of Hampton Roads, Virginia Beach, Virginia, to merge with Xenith Bank, Richmond, Virginia.
Newspaper: 04/22/2016
Federal Register: 04/25/2016


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
UNION FIRST MKT BK, RICHMOND, VIRGINIA 693224 01/12/2015 03/28/2016 S Large 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