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 October 12, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| FIRST STATE BANCSHARES, INC. | * Change in Bank Control | Notice by Teresa Grindstaff and Greg Allen as co-trustees of the Justin W. Gillam 2016 Irrevocable Family Trust U/A DTD 11/14/2016, the Paul Grindstaff III 2020 Irrevocable Trust U/A DTD 12/30/2020, the Teresa A. Grindstaff 2021 Irrevocable Trust U/A DTD 12/09/2021, and the Paul Grindstaff Jr 2021 Irrevocable Family Trust U/A DTD 12/27/2021; Paul Grindstaff III and Greg Allen as co-trustees of the Teresa A. Grindstaff 2021 Irrevocable Family Trust U/A DTD 12/16/2021 and the Paul Grindstaff III 2021 Irrevocable Trust U/A DTD 12/16/2021; Paul Grindstaff III and Ashley L. Grindstaff as co-trustees of the Paul Grindstaff III and Ashley L Grindstaff Revocable Trust DTD 01/19/2016; Paul Grindstaff III as co-trustee of the Teresa A. Grindstaff 2012 Family Trust; Bryant C. Allen and Alta C. Allen as co-trustees of the Bryant C. Allen and Alta C. Allen Revocable Trust DTD 08/27/2019, all of Farmington, Missouri; Bryana M. Martin, Fort Worth, Texas; and Finian C. Boesch, Cape Girardeau, Missouri, to join the previously approved Grindstaff/Allen control group and retain voting shares of First State Bancshares, Inc., and thereby indirectly retain voting shares of First State Community Bank, both of Farmington, Missouri | 10/31/2024 | 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 |
|---|---|---|---|---|---|
| BANK OF ADVANCE, ADVANCE, MISSOURI | 879644 | 11/03/2023 | 07/24/2023 | S | Int Small Bank |
| CARROLL B&T, HUNTINGDON, TENNESSEE | 541857 | 09/27/2024 | 06/03/2024 | S | Int Small Bank |
| CITIZENS BK, BATESVILLE, ARKANSAS | 856748 | 03/30/2024 | 05/15/2023 | S | Int Small Bank |
| FNB CMNTY BK, VANDALIA, ILLINOIS | 137447 | 11/03/2023 | 07/24/2023 | S | Int Small Bank |
| GUARANTY BK, SPRINGFIELD, MISSOURI | 3804535 | 03/31/2024 | 05/01/2023 | S | Int Small Bank |
| LINDELL B&TC, SAINT LOUIS, MISSOURI | 185859 | 12/18/2023 | 09/05/2023 | S | Int Small Bank |
| MONTICELLO BKG CO, MONTICELLO, KENTUCKY | 266945 | 01/27/2024 | 09/05/2023 | S | Int Small Bank |
| OAKSTAR BK, SPRINGFIELD, MISSOURI | 3374412 | 12/19/2022 | 06/13/2022 | S | Int Small Bank |
| PATRIOT BK, MILLINGTON, TENNESSEE | 3120646 | 07/23/2022 | 02/07/2022 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||