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 November 24, 2018

Filer Filing Type Filing Proposal End of Comment Period
UNION BANKSHARES CORPORATION * 3A5
* 18C
* Branch 		Union Bankshares Corporation, Richmond, Virginia, to acquire 100% of the voting securities of Access National Corporation, Reston, Virginia, and thereby indirectly acquire Access National Bank, Reston, Virginia. In addition, Union Bank & Trust, Richmond, Virginia, to merge with Access National Bank, Reston, Virginia.
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 First Quarter of 2019 (January 1, 2019 - March 31, 2019) and Second Quarter of 2019 (April 1, 2019 - June 30, 2019)

Institution Location Quarter
BANK OF CLARKE CTY BERRYVILLE, VIRGINIAFirst Quarter of 2019
CECIL BK ELKTON, MARYLANDFirst Quarter of 2019
FIRST BK SOUTHERN PINES, NORTH CAROLINAFirst Quarter of 2019
BENCHMARK CMNTY BK KENBRIDGE, VIRGINIASecond Quarter of 2019
CHESAPEAKE BK KILMARNOCK, VIRGINIASecond Quarter of 2019
FAUQUIER BK WARRENTON, VIRGINIASecond Quarter of 2019
PLEASANTS CTY BK SAINT MARYS, WEST VIRGINIASecond Quarter of 2019
SONABANK GLEN ALLEN, VIRGINIASecond Quarter of 2019

* 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

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Last update: November 29, 2018