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 2, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BANK OF FAYETTE COUNTY, THE | * Branch (Domestic) | The Bank of Fayette County, Piperton, Tennessee, to establish a branch facility to be located at 1624 U.S. Highway 51 S., Covington, Tennessee. | 11/18/2024 | Not applicable |
| CADENCE BANK | Membership | Cadence Bank, Tupelo, Mississippi, to become a member of the Federal Reserve System. | Not applicable | Not applicable |
| FIRST BANK | Public Welfare Investment | First Bank, Creve Coeur, Missouri, requests prior approval to make a public welfare investment of $1,000,000, pursuant to Section 208.22(d) of Regulation H | Not applicable | Not applicable |
| FIRST BANKERS TRUSTSHARES, INC. | Change in Bank Control | Notice by Phyllis Hofmeister, Quincy, Illinois; Robert Hofmeister, Quincy, Illinois; Kurt Hofmeister, Vero Beach, Florida; William Hofmeister, Quincy, Illinois; Norma Hofmeister, Quincy, Illinois; Jon Hofmeister, Warsaw, Illinois; Jane Wiley, Indianapolis, Indiana; Bruce Wiley, Indianapolis, Indiana; Elizabeth Wiley, Indianapolis, Indiana; and Carson Wiley, Indianapolis, Indiana, to establish the Hofmeister Family Control Group and to retain ten percent or more of the voting shares of First Bankers Trustshares, Inc., and thereby indirectly retain voting shares of First Bankers Trust Company, N.A., both of Quincy, Illinois; Robert Hofmeister, individually, to acquire additional voting shares of First Bankers Trustshares, Inc. | 11/22/2024 | 11/20/2024 |
| GENERATIONS BANK | Membership | Generations Bank, Rogers, Arkansas, to become a member of the Federal Reserve System | Not applicable | Not applicable |
| HELENA BANCSHARES, INC. | Change in Bank Control | Notice by The Drake Joint Bank Shares Revocable Trust, Sue Topp Drake and Jackie Doyle Drake as co-trustees, each of Germantown, Tennessee, Jackie Doyle Drake Jr. of Germantown, Tennessee, and Thomas Wooten Drake of Nashville, Tennessee, to establish the Drake Family Control Group to retain voting shares of Helena Bancshares, Inc., and thereby indirectly retain voting shares of Partners Bank, both of Helena, Arkansas. | 11/19/2024 | 11/18/2024 |
* 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 |
|---|---|---|---|---|---|
| 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 | ||