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 April 5, 2008

Filer Filing Type Filing Proposal End of Comment Period
ALLIANCE FINANCIAL CORPORATION * 3A1 Alliance Financial Corporation, Gastonia, North Carolina, to become a bank holding company by acquiring 100 percent of Alliance Bank & Trust Company, Gastonia, North Carolina.
Newspaper: 04/19/2008
Federal Register: 04/18/2008
BANKANNAPOLIS * Branch BankAnnapolis, Annapolis, Maryland, proposes to establish a branch at Annapolis Towne Center at Parole, Annapolis, Maryland.
Newspaper: 04/14/2008
Federal Register: Not applicable
HAMPTON ROADS BANKSHARES, INC. * 3A5 Hampton Roads Bankshares, Inc., Norfolk, Virginia, to acquire 100% of the voting securities of Shore Financial Corporation, Onley, Virginia, and thereby indirectly acquire Shore Bank, Onley, Virginia.
Newspaper: Not available
Federal Register: Not available
SECOND BANK & TRUST * 18C Second Bank and Trust, Fredericksburg, Virginia, to merge with First National Bank, Christiansburg, Virginia, and Planters Bank & Trust Company of Virginia, Staunton, Virginia.
Newspaper: 04/24/2008
Federal Register: Not applicable
VIRGINIA PARTNERS BANK Member
* Branch
Virginia Partners Bank, Fredericksburg, Virginia (in organization), to become a member of the Federal Reserve System and to establish two branches.
Newspaper: 04/10/2008
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
HIGHLANDS CMNTY BK, COVINGTON, VIRGINIA 3125315 10/29/2007 01/28/2008 S Small Bank
VIRGINIA CMRC BK, ARLINGTON, VIRGINIA 1190074 10/01/2007 01/30/2008 S Large Bank


CRA Examinations scheduled for     Quarter of

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