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: 8
Federal Reserve Bank of: St. Louis

Filings received during the week ending August 16, 2008

Filer Filing Type Filing Proposal End of Comment Period
FIRST CECILIAN BANCORP, INC. 4c8 First Cecilian Bancorp, Inc., Cecilia, Kentucky, to engage in lending activities.
Newspaper: Not applicable
Federal Register: 09/04/2008
FIRST NATIONAL CORPORATION OF WYNNE * 3A3 First National Corporation of Wynne, Wynne, Arkansas, to acquire 35 percent of Twin Lakes Bancshares, Inc., Flippin, Arkansas, and thereby retain control of Twin Lakes Community Bank, Flippin, Arkansas. Also, a companion filing by First National Corporation of Wynne to indirectly acquire Smith Associated Banking Corporation, Hot Springs, Arkansas, and thereby indirectly acquire Bank of Salem, Salem, Arkansas.
Newspaper: 09/15/2008
Federal Register: 09/15/2008
TWIN LAKES BANCSHARES, INC. * 3A1
* 3A3
Twin Lakes Bancshares, Inc., Flippin, Arkansas, to become a bank holding company by acquiring 100 percent of Twin Lakes Community Bank, Flippin, Arkansas. Also, a companion filing by Twin Lakes Bancshares, Inc. to acquire 100 percent of Smith Associated Banking Corporation, Hot Springs, Arkansas, and thereby indirectly acquire Bank of Salem, Salem, Arkansas, immediately following the bank holding company formation.
Newspaper: 09/15/2008
Federal Register: 09/15/2008


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
BANK OF FAYETTEVILLE, FAYETTEVILLE, ARKANSAS 308443 04/28/2008 08/05/2008 S Int Sm 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