Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 5
Federal Reserve Bank of: Richmond

Filings received during the week ending September 16, 2006

Filer Filing Type Filing Proposal End of Comment Period
BANK OF THE COMMONWEALTH * Branch Bank of the Commonwealth, Norfolk, Virginia, proposes to establish a branch at 2600 Taylor Road, Chesapeake, Virginia.
Newspaper: 09/30/2006
Federal Register: Not applicable
BANK OF THE COMMONWEALTH * Branch Bank of the Commonwealth, Norfolk, Virginia, proposes to establish a branch at 1020 London Boulevard, Portsmouth, Virginia.
Newspaper: 09/30/2006
Federal Register: Not applicable
FIRST CHARTER CORPORATION * 3A5 First Charter Corporation, Charlotte, North Carolina, to acquire 100% of the voting securities of GBC Bancorp, Inc., Lawrenceville, Georgia, and thereby indirectly acquire Gwinnett Banking Company, Lawrenceville, Georgia.
Newspaper: 09/23/2006
Federal Register: 09/25/2006
HOMETOWN BANK * Branch HomeTown Bank, Roanoke, Virginia, proposes to establish a branch at 4227 Colonial Avenue, Roanoke, Virginia.
Newspaper: 09/30/2006
Federal Register: Not applicable
RBC CENTURA BANKS, INC. * 18C
* Branch
* 3A3
RBC Centura Banks, Inc., Raleigh, North Carolina, and its parent companies, Royal Bank of Canada, Montreal, Quebec; Royal Bank Holding Inc., Toronto, Ontario; RBC Holding (USA) Inc., New York, New York; RBC USA Holdco Corporation, New York, New York; RBC Holdings (Delaware) Inc., Wilmington, Delaware; Prism Financial Corporation, Chicago, Illinois; and FLAG Acquisition Sub, Inc., Rocky Mount, North Carolina, to acquire 100% of the voting shares of FLAG Financial Corporation, Atlanta, Georgia, and thereby indirectly acquire FLAG Bank, Atlanta, Georgia.
Newspaper: Not available
Federal Register: 10/13/2006


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
NONE


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco