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 February 23, 2008

Filer Filing Type Filing Proposal End of Comment Period
CAIXA DE AFORROS DE VIGO, OURENSE E PONTEVEDRA FBSEA Caixa de Aforros de Vigo, Ourense e Pontevedra, Vigo, Spain, to establish international bank branches in New York, New York, Chicago, Illinois, Los Angeles, California, and Houston, Texas.
Newspaper: Not available
Federal Register: Not applicable
COMPASS BANK * Branch Compass Bank, Birmingham, Alabama, to establish a branch located at 102 South Tejon Street, Colorado Springs, Colorado, to be known as the Alamo Center Branch.
Newspaper: 02/29/2008
Federal Register: Not applicable
FIRST CITIZENS BANKSHARES, INC. CIC (08-039) Prior change in control notice filed by Citizens Investors, LLC, Savannah, Georgia, along with its members, Robert C. Bush, Winter Park, Florida; Garfield Langmuir-Logan, San Juan Capistrano, California; John A. Murphy, Richmond Hill, Georgia; Thomas P. Prince, Winter Park, Florida; Elsie R. Chisholm, Michael M. Dobbs, Jack Eades, Harvey J. Gilbert, Douglas A. Goldstein, Thomas J. Hussey, Michael J. Kistler, Richard G. Mopper, Patrick T. O'Connor, Jerry E. Russell, Mark V. Smith, Henry D. Stevens IV, Gerald M. Thorne, and Jeffrey R. Tucker, all of Savannah, Georgia, to acquire 100 percent of the outstanding shares of First Citizens Bankshares, and its subsidiary, First Citizens Bank, both of Glennville, Georgia.
Newspaper: Not available
Federal Register: Not available
FIRST GUARANTY BANCSHARES, INC. * 3A5 First Guaranty Bancshares, Inc., Hammond, Louisiana, to merge with First Community Holding Company, and thereby acquire its subsidiary, First Community Bank, both of Hammond, Louisiana.
Newspaper: 03/07/2008
Federal Register: Not available
SILVERGATE CAPITAL CORPORATION * 3A1 Silvergate Capital Corporation, to become a bank holding company by acquiring 100 percent of the outstanding shares of Silvergate Bank, both of La Jolla, California.
Newspaper: Not available
Federal Register: 03/14/2008
SUMMIT FINANCIAL ENTERPRISES, INC. * 3A1 Summit Financial Enterprises, Inc., to become a bank holding company through the acquisition of 100 percent of the outstanding shares of Summit Bank, N.A., Panama City, Florida (in organization).
Newspaper: Not available
Federal Register: 03/17/2008


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 Second Quarter of 2008 (April 1, 2008 - June 30, 2008)

Institution Location
NONE

* Subject to the provisions of the Community Reinvestment Act

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