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

District: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending August 24, 2019

Filer

Filing Type

Filing Proposal

End of Comment Period

FIRST BANK SHARES OF THE SOUTH EAST, INC.

CIC

After the fact change in control notice filed by Homer Lawton Johnson, Brunswick, Georgia; Jacquelyn S. Johnson, Alma, Georgia; Jacquelyn Lee Johnson, as co-trustee of the Zachary M. Johnson, Jr. Irrevocable Trust, Woodbine, Georgia; Ms. Jennifer J. Pope, as co-trustee of the Zachary M. Johnson, Jr. Irrevocable Trust, Macon, Georgia; Mr. Zachary M. Johnson, III, as co-trustee of the Zachary M. Johnson, Jr. Irrevocable Trust, Alma, Georgia; and Mr. Homer Jackson Johnson, as co-trustee of the Zachary M. Johnson, Jr. Irrevocable Trust, from Alma, Georgia, to retain a combined interest of shares and thereby control of First Bank Shares of the South East, Inc., and its subsidiary, FNB South (formerly known as First National Bank South), both of Alma, Georgia.

Newspaper:	09/03/2019
Federal Register:	09/05/2019

IFB BANCORP, INC.

3A1

IFB Bancorp, Inc., notice to become a bank holding company by acquiring 100 percent of the outstanding shares of International Finance Bank, both of Miami, Florida.

Newspaper:	Not applicable
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
NONE

CRA Examinations scheduled for Fourth Quarter of 2019 (October 1, 2019 - December 31, 2019) and First Quarter of 2020 (January 1, 2020 - March 31, 2020)

Institution	Location	Quarter
FIRST FL BK	DESTIN, FLORIDA	Fourth Quarter of 2019
TRUXTON TC	NASHVILLE, TENNESSEE	Fourth Quarter of 2019
BANK INDEP	SHEFFIELD, ALABAMA	First Quarter of 2020
FIRST FARMERS & MRCH B	COLUMBIA, TENNESSEE	First Quarter of 2020
FIRST PROGRESSIVE BK	BREWTON, ALABAMA	First Quarter of 2020

* Subject to the provisions of the Community Reinvestment Act

District: 6 Federal Reserve Bank of: Atlanta

Filings received during the week ending August 24, 2019

Availability of CRA Public Evaluations

CRA Examinations scheduled for Fourth Quarter of 2019 (October 1, 2019 - December 31, 2019) and First Quarter of 2020 (January 1, 2020 - March 31, 2020)

District: 6
Federal Reserve Bank of: Atlanta