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: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending June 2, 2007

Filer Filing Type Filing Proposal End of Comment Period
FIRST NATIONAL CORPORATION CIC First National Corporation, Savannah, Georgia, after-the-fact change in control notice filed by Mr. Heys Edward McMath, III, Savannah, Georgia, to retain 10.32 percent of the outstanding shares of First National Corporation, and its subsidiary, First National Bank, both of Savannah, Georgia.
Newspaper: Not available
Federal Register: Not available
REGIONS BANK * Branch Regions Bank, Birmingham, Alabama, to establish a branch located at the corner of HWY 11-E and Clear Creek Road, Bristol, Virginia, to be known as the Lee Highway Exit 7 Branch.
Newspaper: 06/11/2007
Federal Register: Not applicable
RELIANT BANK Member Reliant Bank, Brentwood, Tennessee, to become a member of the Federal Reserve System.
Newspaper: Not applicable
Federal Register: Not applicable
SMARTBANK * Branch SmartBank, Pigeon Forge, Tennessee, after-the-fact branch application to establish a branch located at 1011 Parkway, Sevierville, Tennessee.
Newspaper: Not available
Federal Register: Not applicable
SUN AMERICAN BANK * Branch Sun American Bank, Boca Raton, Florida, to establish a branch located at 2171 S.E. Federal Highway, Stuart, Florida.
Newspaper: 06/06/2007
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     Quarter of

Institution Location
NONE

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