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 January 31, 2009

Filer Filing Type Filing Proposal End of Comment Period
Live Oak Bancshares, Inc. * 3A1 Live Oak Bancshares, Inc., Wilmington, North Carolina, to become a bank holding company through the acquisition of 100% of the voting securities of Live Oak Banking Company, Wilmington, North Carolina.
Newspaper: 02/20/2009
Federal Register: 02/20/2009
TRUPOINT BANK * Branch TruPoint Bank, Grundy, Virginia, proposes to establish a branch at 600 East Main Street, Abingdon, Virginia.
Newspaper: 02/13/2009
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
BANKANNAPOLIS, ANNAPOLIS, MARYLAND 1434826 08/18/2008 11/17/2008 S Int Sm Bank
CITIZENS B&TC, BLACKSTONE, VIRGINIA 991621 10/06/2008 01/20/2009 S Large Bank
COMMUNITY BK OF TRI-CTY, WALDORF, MARYLAND 697978 04/21/2008 01/01/2009 S Large Bank
EVB, TAPPAHANNOCK, VIRGINIA 790721 08/25/2008 12/11/2008 S Large Bank
PUTNAM CTY BK, HURRICANE, WEST VIRGINIA 417626 10/06/2008 01/06/2008 S Int Sm Bank
RBC BK USA, RALEIGH, NORTH CAROLINA 1494240 04/21/2008 12/31/2008 S Large Bank
SANDY SPRING BK, OLNEY, MARYLAND 506922 08/04/2008 01/18/2009 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