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 October 26, 2013

Filer Filing Type Filing Proposal End of Comment Period
CARDINAL FINANCIAL CORPORATION * 3A5 Cardinal Financial Corporation, McLean, Virginia, proposes to acquire 100% of the voting securities of United Financial Banking Companies, Inc., Vienna, Virginia, and thereby indierctly acquire The Business Bank, Vienna Virginia.
Newspaper: Not available
Federal Register: Not available
FREEDOM BANK OF VIRGINIA, THE * Branch The Freedom Bank of Virginia, Vienna, Virginia, to establish a branch at 11700 Plaza America Drive, Reston, Virginia.
Newspaper: 11/05/2013
Federal Register: Not applicable
NEW PEOPLES BANKSHARES, INC. CIC Family's Future IV Limited Partnership, a qualified limited partnership with the general partner being Richard G. Perservati, Captiva, Florida, and the limited partner being the Richard G. and Karen N. Preservati Grandchildren's Trust, the co-trustees of which are Richard G. Preservati, II, Princeton, West Virginia; Gina Preservati Boggess, Princeton, West Virginia; Nicholas S. Preservati, Charleston, West Virginia; and Arnold D. Lively, Venice, Florida, to acquire 11.32% of the outstanding shares of New Peoples Bankshares, Inc., Honaker, Virginia, and thereby indirectly acquire an interest in New Peoples Bank, Inc., Honaker, Virginia. Richard G. Preservati, II, Princeton, West Virginia, proposes to individually acquire up to .13% of New Peoples Bankshares, Inc. The aggregate ownership for the group acting in concert would be 13.71%.
Newspaper: 11/13/2013
Federal Register: 11/08/2013


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