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: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending August 25, 2007

Filer Filing Type Filing Proposal End of Comment Period
CITIZENS SOUTHERN BANCSHARES, INC. CIC Citizens Southern Bancshares, Inc., Vernon, Alabama (Bancshares), prior change in control notice filed by Guy F. Medley and Ann S. Medley; Michael A. Medley and Lanora A. Medley; Michael P. McCann and Janice A. McCann; Michael A. Bean and Deborah B. Bean; and Jeffrey K. Stout and Diane O. Stout, all of Dothan, Alabama, to collectively acquire 69.17 percent of the outstanding shares of Bancshares and its subsidiary, Citizens State Bank, Vernon, Alabama.
Newspaper: Not available
Federal Register: 09/10/2007
COASTAL COMMERCE BANCSHARES, INC. CIC Prior change in control notice filed by Leandre Joseph Folse; Bonnie Jane Folse; Mark Phillip Folse; Todd John Folse; and the Folse Family Voting Trust, Leandre Joseph Folse, Bonnie Jane Folse, and Mark Phillip Folse, trustees; all of Houma, Louisiana, and Carrie Jane Folse, Birmingham, Alabama, to collectively acquire approximately 1.9 percent of the outstanding shares of Coastal Commerce Bancshares, and its subsidiary, Coastal Commerce Bank, both of Houma, Louisiana. Total pro forma ownership for the group will be approximately 13.1 percent.
Newspaper: Not available
Federal Register: Not available
ENTERPRISE BANCORP, INC. 3A1 Enterprise Bancorp, Inc., notice to become a bank holding company by acquiring 100 percent of the outstanding shares of Enterprise National Bank, both of Palm Beach Gardens, Florida.
Newspaper: Not applicable
Federal Register: Not applicable
SUNTRUST BANK * Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located at 13728 Beach Boulevard, Jacksonville, Florida, to be known as the Pablo Creek Office.
Newspaper: 08/31/2007
Federal Register: Not applicable
SUNTRUST BANK * Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located at 8610 Dorchester Road, N. Charleston, South Carolina to be known as the Coosaw Creek Office.
Newspaper: 08/30/2007
Federal Register: Not applicable


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 Forth Quarter of 2007 (October 1, 2007 - December 31, 2007)

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