Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 4: Federal Reserve Bank of Cleveland PDF
Filings received during the week ending November 23, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| FARMERS NATIONAL BANC CORP. | Listed Going Concern | Notification for prior approval under the 12 business day expedited procedures for certain nonbanking proposals as described in Section 225.23 of Regulation Y and Section 4(c)(8) of the BHC Act by Farmers National Banc Corp. Canfield, Ohio, through its acquisition of the assets of Crest Retirement Advisors, LLC, Dublin, Ohio, a going concern that proposes to engage in consulting services specific to corporate and organization retirement plans pursuant to Section 225.28(b)(9)(C)(ii) of Regulation Y. | Not applicable | Not applicable |
| FIRST FINANCIAL BANK | Public Welfare Investment | First Financial Bank, Cincinnati, Ohio, seeks prior approval to make an additional $1.7 million public welfare investment in CREA First Financial Tax Credit Fund 77, LLC At Main, located in Dayton, OH. | Not applicable | Not applicable |
| STATE BANK AND TRUST COMPANY, THE | * Branch (Domestic) | The State Bank and Trust Company, Defiance, Ohio, intends to establish a full service branch office located at 307 N. Wayne Street, Angola, Indiana 46703. | 12/04/2024 | 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 |
|---|---|---|---|---|---|
| HEARTLAND BK, WHITEHALL, OHIO | 853112 | 12/17/2023 | 04/11/2022 | O | Int Small Bank |
CRA Examinations scheduled for First Quarter of 2025 (January 1, 2025 - March 31, 2025) and Second Quarter of 2025 (April 1, 2025 - June 30, 2025)
| Institution | Location | Quarter |
|---|---|---|
| OHIO VALLEY BK CO | GALLIPOLIS, OHIO | First Quarter of 2025 |
| ST HENRY BK | SAINT HENRY, OHIO | First Quarter of 2025 |