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 July 18, 2009

Filer Filing Type Filing Proposal End of Comment Period
COMMUNITY BANK INVESTORS OF AMERICA, LP * 3A3 FA Capital, LLC. and Community Bank Investors of America, L.P., both located in Richmond, Virginia, to retain control of 7.08% and to acquire up to 7.80% of the voting securities of Commonwealth Bankshares, Inc., Norfolk, Virginia.
Newspaper: 08/10/2009
Federal Register: 08/07/2009
EASTERN VIRGINIA BANKSHARES, INC. * 3A5 Eastern Virginia Bankshares, Inc., Tappahannock, Virginia, to acquire 100% of the voting securities of First Capital Bancorp, Inc., Glen Allen, Virginia, and thereby indirectly acquire First Capital Bank, Glen Allen, Virginia.
Newspaper: 07/31/2009
Federal Register: 07/30/2009
Piedmont Community Bank Holdings, Inc. * 3A1 Piedmont Community Bank Holdings, Inc., Chapel Hill, North Carolina, to become a bank holding company through the acquisition of up to 62% of the voting securities of VantageSouth Bank, Burlington, North Carolina.
Newspaper: Not available
Federal Register: Not available
PIONEER COMMUNITY BANK, INC. CIC The Haga Family Revocable Trust, Phillip Blair Haga and Betty Jane Haga, Trustees, to retain 10.00% ownership of Pioneer Community Group, Inc., Iaeger, West Virginia
Newspaper: 07/15/2009
Federal Register: 07/31/2009


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 THE COMMONWEALTH, NORFOLK, VIRGINIA 821120 02/02/2009 06/18/2009 S Int Sm Bank
CITIZENS CMNTY BK, SOUTH HILL, VIRGINIA 2847432 03/02/2009 06/25/2009 S Small Bank
FARMERS BK WINDSOR VA, WINDSOR, VIRGINIA 619327 03/09/2009 06/18/2009 S Int Sm Bank
FRONTIER CMNTY BK, WAYNESBORO, VIRGINIA 3627109 03/23/2009 06/25/2009 S Small 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