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 December 2, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| CITIZENS STATE BANK | * Branch (Domestic) | Citizens State Bank, Woodville, Texas -- to establish a branch at 22410 Highway 59, Porter, Texas. | 12/15/2023 | Not applicable |
| 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 |
| TNB BANCSHARES, INC. | Change in Bank Control | Kellye Lynee Ortega and Myrhanda Ortega, both of Edinburg, Texas, and as a group acting in concert, are requesting prior approval to acquire 25 percent or more of the shares and thereby control TNB Bancshares, Inc., Mercedes, Texas. TNB Bancshares, Inc. controls Texas National Bank, Mercedes, Texas. | ||
| WEST TEXAS NATIONAL BANK | Change in Bank Control | First West Texas Bancshares, Inc., Midland, Texas -- Nicholas Andrew Davis, Midland, Texas, to join the Davis/Maddox Family Group, a group acting in concert, and to acquire voting shares of First West Texas Bancshares, Inc., and thereby indirectly acquire voting shares of West Texas National Bank, both of Midland, Texas. | 12/21/2023 | 12/26/2023 |
* 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 Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||