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 November 26, 2005

Filer Filing Type Filing Proposal End of Comment Period
Atlantic Bancshares, Inc. * 3A1 Atlantic Bancshares, Inc., Bluffton, South Carolina, to become a bank holding company through the acquisition of 100% of the voting securities of Atlantic Community Bank, Bluffton, South Carolina (in organization).
Newspaper: 12/16/2005
Federal Register: Not available
BANK OF WILLIAMSBURG, THE * Branch Bank of Williamsburg, Williamsburg, Virginia, to establish a branch facility to be located at 5030 George Washington Memorial Highway, Grafton, Virginia.
Newspaper: 12/02/2005
Federal Register: Not applicable
WACHOVIA BANK, NATIONAL ASSOCIATION Investment Wachovia Bank, National Association, Charlotte, North Carolina, to establish and subsequently make investments in two subsidiaries of Cardinal International Leasing, LLC., an Agreement Corporation.
Newspaper: Not applicable
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 First Quarter of 2006 (January 1, 2006 - March 31, 2006)

Institution Location
BANK OF GASSAWAY GASSAWAY, WEST VIRGINIA
BANK OF NORTHUMBERLAND HEATHSVILLE, VIRGINIA
COMMUNITY BK OF TRI-CTY WALDORF, MARYLAND
FAUQUIER BK WARRENTON, VIRGINIA
FIRST CHARTER BK CHARLOTTE, NORTH CAROLINA
HIGHLANDS UNION BK ABINGDON, VIRGINIA
JOHNSONVILLE ST BK JOHNSONVILLE, SOUTH CAROLINA
PEOPLES BK OF MULLENS MULLENS, WEST VIRGINIA
RBC CENTURA BK ROCKY MOUNT, NORTH CAROLINA
RESOURCE BK VIRGINIA BEACH, VIRGINIA
SECOND B&TC CULPEPER, VIRGINIA

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