Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 8: Federal Reserve Bank of St. Louis PDF
Filings received during the week ending November 25, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| FIRST BANK | * Branch (Domestic) | First Bank, Creve Coeur, Missouri, to establish a branch facility to be located at 11545 South Street, Cerritos, California, | 12/02/2023 | Not applicable |
| Tom Bean Bank Holding Company | * 3A1 | Tom Bean Bank Holding Company, Hope, Arkansas, to become a bank holding company by acquiring The First National Bank of Tom Bean, Tom Bean Texas | Not applicable | 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 |
|---|---|---|---|---|---|
| CITIZENS B&TC, VAN BUREN, ARKANSAS | 192147 | 01/29/2023 | 10/24/2022 | S | Int Small Bank |
| FIRST SAVINGS BK, JEFFERSONVILLE, INDIANA | 785473 | 04/24/2023 | 04/18/2022 | S | Int Small Bank |
| OAKSTAR BK, SPRINGFIELD, MISSOURI | 3374412 | 12/19/2022 | 06/13/2022 | S | Int Small Bank |
| OLD MO BK, SPRINGFIELD, MISSOURI | 2785646 | 06/03/2023 | 03/06/2023 | S | Int Small Bank |
| RELYANCE BK, WHITE HALL, ARKANSAS | 49241 | 09/23/2023 | 06/05/2023 | 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 |
|---|---|---|
| FIRST BK | CREVE COEUR, MISSOURI | First Quarter of 2024 |
| FIRST HORIZON BK | MEMPHIS, TENNESSEE | First Quarter of 2024 |
| NEW FRONTIER BK | SAINT CHARLES, MISSOURI | First Quarter of 2024 |
| STIFEL BK | ST. LOUIS, MISSOURI | First Quarter of 2024 |
| UNITED BK | SPRINGDALE, ARKANSAS | First Quarter of 2024 |
| CARROLL B&T | HUNTINGDON, TENNESSEE | Second Quarter of 2024 |
| INDEPENDENCE BK OF KY | OWENSBORO, KENTUCKY | Second Quarter of 2024 |
| RIVERWIND BK | AUGUSTA, ARKANSAS | Second Quarter of 2024 |