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 November 25, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| FIRST NEW MEXICO FINANCIAL CORPORATION | Listed DeNovo | First New Mexico Financial Corporation, Deming, New Mexico, engaged in extending credit and servicing loans through its wholly-owned subsidiaries, ArmsLength, LLC, and Five Seven Five, LLC, both of Deming, New Mexico, pursuant to Section 225.28(b)(1) of the Board's Regulation Y. | Not applicable | Not available |
| FIRST STATE BANK OF SAN DIEGO | Change in Bank Control | Notice filed by Francisco Perales, San Antonio, Texas to acquire voting shares of San Diego Bancshares, Inc. ("Company"), and indirectly First State Bank of San Diego ("Bank"), both of San Diego, Texas. | Not available | Not available |
| SANGER BANCSHARES, INC. | Change in Bank Control | Margaret Long, Christine Long and Don Long, Jr., all of Montague, Texas, to form the Long Family Control Group, a group acting in concert, to retain voting shares of Sanger Bancshares, Inc., and thereby indirectly retain voting shares of Sanger Bank, both of Sanger, Texas. | Not available | 11/29/2023 |
| The Adam Corporation Group | * 3A1 | The Adam Corporation/Group and TAC Financial Corporation, both of College Station, Texas; to become bank holding companies by acquiring up to 95.4 percent of Adam Bank Group, Inc., and thereby indirectly acquiring American Momentum Bank, both of College Station, Texas; AND The Adam Corporation/Group and TAC Financial Corporation, both of College Station, Texas; to retain Globaltech Securities, LLC, Clifton Park, New York, and thereby engage either directly or indirectly in agency transactional services for customer investments pursuant to Section 225.28(b)(7) of Regulation Y. | 12/25/2023 | 12/28/2023 |
* 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 |
| 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 First Quarter of 2024 (January 1, 2024 - March 31, 2024) and Second Quarter of 2024 (April 1, 2024 - June 30, 2024)
| Institution | Location | Quarter |
|---|---|---|
| FROST BK | SAN ANTONIO, TEXAS | First Quarter of 2024 |
| PLAINSCAPITAL BK | UNIVERSITY PARK, TEXAS | First Quarter of 2024 |
| TEXAS FIRST BK | TEXAS CITY, TEXAS | Second Quarter of 2024 |
| VISTA BK | DALLAS, TEXAS | Second Quarter of 2024 |