Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 6: Federal Reserve Bank of Atlanta PDF
Filings received during the week ending March 16, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| CBS BANC-CORP. | Change in Bank Control | John Gregory Mitchell Batchelor, Russellville, Alabama, and John Bradley Batchelor Reeves, Tuscumbia, Alabama, to become members of the Batchelor Family Control Group, a group acting in concert, to retain voting shares of CBS Banc-Corp., and thereby indirectly retain voting shares of CB&S Bank, Inc., both of Russellville, Alabama. | 04/02/2024 | 04/02/2024 |
| Fifth District Bancorp, Inc. | * Unitary Formation | Fifth District Bancorp, Inc., to become a savings and loan holding company by acquiring Fifth District Savings Bank, both of New Orleans, Louisiana, in connection with the mutual-to-stock conversion of Fifth District Savings Bank. | 04/08/2024 | Not available |
| REGIONS BANK | Public Welfare Investment | Regions Bank, Birmingham, Alabama, to make eight public welfare investments. | Not applicable | Not applicable |
| FB BANCORP, INC | * 3A5 | FB Bancorp, Inc., New Orleans, Louisiana (Applicant), to become a bank holding company by acquiring control of Fidelity Bank, a statechartered mutual savings bank (Bank), New Orleans, Louisiana, in connection with Bank's conversion from a mutual to a stock form of organization, pursuant to section 3(a)(1) of the Bank Holding Company Act. | 04/08/2024 | 04/11/2024 |
* 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 |
|---|---|---|---|---|---|
| TENNESSEE ST BK, PIGEON FORGE, TENNESSEE | 479839 | 10/29/2023 | 06/12/2023 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||