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

District: 5
Federal Reserve Bank of: Richmond

Filings received during the week ending February 17, 2018

Filer

Filing Type

Filing Proposal

End of Comment Period

ASHECO, M.H.C.

* 3A1

AsheCo MHC, Inc. and LifeStore Financial Group, Inc., both of West Jefferson, North Carolina, to become bank holding companies through the conversion of LifeStore Bank, West Jefferson, North Carolina, a federal savings bank, to a commercial state-member bank.

Newspaper:	03/09/2018
Federal Register:	03/08/2018

BENCHMARK COMMUNITY BANK

* Branch

Benchmark Community Bank, Kenbridge, Virginia, to establish a branch at 316 W. Atlantic Street, Emporia, Virginia.

Newspaper:	Not available
Federal Register:	Not applicable

FIRST SENTINEL BANK

* Branch

First Sentinel Bank, Richlands, Virginia, to establish a branch at 427 Main Street, Bland, Virginia.

Newspaper:	02/23/2018
Federal Register:	Not applicable

HIGHLANDS COMMUNITY BANK

* 18C
* Branch

Highlands Community Bank, Covington, Virginia, has submitted an application to acquire certain assets and assume certain liabilities of the Hot Springs, Virginia, branch of Carter Bank and Trust, Martinsville, Virginia.

Newspaper:	03/18/2018
Federal Register:	Not applicable

VCC BANK

* Branch

VCC Bank, Christiansburg, Virginia, to establish a branch at 110 Peppers Ferry Road, N.W., Christiansburg, Virginia.

Newspaper:	03/02/2018
Federal Register:	Not applicable

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
BANK OF ROMNEY, ROMNEY, WEST VIRGINIA	722432	09/11/2017	01/31/2018	O	Small Bank

CRA Examinations scheduled for Quarter of

Institution	Location	Quarter
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 5 Federal Reserve Bank of: Richmond

Filings received during the week ending February 17, 2018

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond