Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 11: Federal Reserve Bank of Dallas PDF
Filings received during the week ending April 29, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| 5th Generation Holdings, Inc. | * 3A1 | 5th Generation Holdings, Inc., Groom, Texas, to become a bank holding company by acquiring to Groom Bancshares, Inc., and indirectly, The State National Bank of Groom, both of Groom, Texas. | Not available | 05/26/2023 |
| CHARLES SCHWAB BANK, SSB | Public Welfare Investment | Charles Schwab Bank, SSB, Westlake, Texas, to make a Community Development and Public Welfare Investment, pursuant to Section 208.22(d) of Regulation H. | Not applicable | Not applicable |
| CHARLES SCHWAB BANK, SSB | Public Welfare Investment | Charles Schwab Bank, SSB, Westlake, Texas, to make a Community Development and Public Welfare Investment, pursuant to Section 208.22(d) of Regulation H. | Not applicable | Not applicable |
| COMERICA BANK | * Branch (Domestic) | Comerica Bank, Dallas, Texas, to establish a branch located at 17 Cowboys Way, Frisco, Collin County, TX 75034 | 05/11/2023 | Not applicable |
| OVERTON FINANCIAL CORPORATION | * 3A1 | RJ Pope Management GP, LLC, and RJ Pope Investments IV, Ltd., both of Longview, Texas, to register as bank holding companies and retain 47.06 percent of Overton Financial Corporation, Overton, Texas, and indirectly, Overton Delaware Corporation, Lindale Delaware Corporation, Longview Financial Corporation, and Texas Bank and Trust Company, all of Longview, Texas | 05/23/2023 | 06/01/2023 |
| VISTA BANK | * Branch (Domestic) | Vista Bank, Dallas, Texas, to establish a branch located at 3835 PGA Blvd., Suite 305, Palm Beach Gardens, Florida 33410 | 05/04/2023 | Not applicable |
* Subject to the provisions of the Community Reinvestment Act
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 |
|---|---|---|---|---|---|
| AMERICAN ST BK, ARP, TEXAS | 262358 | 01/13/2023 | 09/26/2022 | S | Int Small Bank |
| CIERA BK, GRAHAM, TEXAS | 327855 | 05/13/2022 | 01/10/2022 | S | Int Small Bank |
| FIRST ST BK OF LIVINGSTON, LIVINGSTON, TEXAS | 884358 | 05/22/2022 | 02/07/2022 | O | Int Small Bank |
| SUSSER BK, DALLAS, TEXAS | 965789 | 08/27/2022 | 02/28/2022 | S | Int Small Bank |
| TEXAS FIRST BK, TEXAS CITY, TEXAS | 473266 | 08/07/2022 | 03/14/2022 | S | Int Small Bank |
| TEXAS RGNL BK, HARLINGEN, TEXAS | 380458 | 01/08/2023 | 08/15/2022 | S | Int Small Bank |
| THIRD COAST BK SSB, HUMBLE, TEXAS | 3630323 | 08/14/2022 | 04/25/2022 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||