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 May 10, 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
HOMETOWN BANKING COMPANY, INC. * 3A3 Hometown Banking Company, Inc., Ft. Pierce, Florida, to retain control of 31.26 percent of the voting control of all classes of common stock of Hometown of Homestead Banking Company, and its subsidiary, 1st National Bank of South Florida, both of Homestead, Florida.
Newspaper: Not available
Federal Register: 06/09/2008
SOUTHERN BANC COMPANY, INC., THE * 3A1 The Southern Banc Company, Inc., Gadsden, Alabama, to become a bank holding company and thereby retain control of The Southern Bank Company, Gadsden, Alabama (Bank), upon the Bank's conversion from a federal savings bank to an Alabama state-chartered commercial bank.
Newspaper: 06/05/2008
Federal Register: 06/06/2008
SUNTRUST BANK * Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located at 9933 Sowder Village Square, Manassas, Virginia, to be known as the Innovation Bristow Office.
Newspaper: 05/17/2008
Federal Register: Not applicable
SUNTRUST BANK * 18C SunTrust Bank, Atlanta, Georgia, to merge with the following banks: Gainesville Bank & Trust, Gainesville, Georgia; Home Town Bank of Villa Rica, Villa Rica, Georgia; United Bank & Trust Company, Rockmart, Georgia; First National Bank of the South, Milledgeville, Georgia; Community Trust Bank, Hiram, Georgia; and First National Bank of Gwinnett, Duluth, Georgia.
Newspaper: 06/06/2008
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
NONE


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