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 August 4, 2007

Filer Filing Type Filing Proposal End of Comment Period
BANCTENN CORP. * 3A3 BancTenn Corporation, Kingsport, Tennessee, to acquire 20 percent of the outstanding shares of Paragon Commercial Corporation, and thereby acquire its subsidiary, Paragon Commercial Bank, both of Raleigh, North Carolina.
Newspaper: Not available
Federal Register: Not available
COLONIAL BANCGROUP, INC., THE * 3A5 The Colonial BancGroup, Inc., Montgomery, Alabama, to merge with Citrus & Chemical Bancorporation, and its subsidiary Citrus & Chemical Bank, both of Bartow, Florida.
Newspaper: 09/02/2007
Federal Register: 08/31/2007
FBC BANCORP, INC. * 3A3 FBC Bancorp, Inc., Orlando, Florida to acquire 100 percent of the outstanding shares of Prime Bank, Melbourne, Florida.
Newspaper: 08/24/2007
Federal Register: 08/27/2007
FIRST FARMERS AND MERCHANTS BANK * Branch First Farmers and Merchants Bank, Columbia, Tennessee, to establish a branch located at 9040 Carothers Parkway, Franklin, Tennessee.
Newspaper: 08/07/2007
Federal Register: Not applicable
GULF COAST BANCSHARES, INC. CIC Gulf Coast Bancshares, Inc., Abbeville, Louisiana, after-the-fact change in control notification by the CAP Voting Trust, Lafayette, Louisiana (the Trust); Patrick Oswell Patout, Abbeville, Louisiana, Paul D. Patout, Youngsville, Louisiana, and Raymond Paul Patout, Lafayette, Louisiana, as trustees of the Trust; Rae Meng Patout, Raymond Paul Patout, Barbara Rae Patout Landry, and Mary E. Patout Lacour, all of Lafayette, Louisiana; David Joseph Patout and Charles Arthur Patout, Jr., both of Baton Rouge, Louisiana; Patrick Oswell Patout, Abbeville, Louisiana; and Paul D. Patout, Youngsville, Louisiana; to collectively retain 24.85 percent of the outstanding shares of Gulf Coast Bancshares, Inc., and its subsidiary, Gulf Coast Bank, both of Abbeville, Louisiana.
Newspaper: 08/14/2007
Federal Register: 08/20/2007
MARCO COMMUNITY BANCORP, INC. CIC Marco Community Bancorp, Inc., Marco Island, Florida, prior change in control notice filed by BC Qualified Family Partnership, LLLP, Naples, Florida, to acquire 24.84 percent of the outstanding shares of Marco Community Bancorp, Inc., and its subsidiary, Marco Community Bank, both of Marco Island, Florida.
Newspaper: 07/04/2007
Federal Register: 08/20/2007
REGIONS BANK * Branch Regions Bank, Birmingham, Alabama, to establish branches at the following locations: 3365 Cobb Parkway, Acworth, Georgia, to be known as the Mars Hill Branch; and 340 Royal Palm Way, Suite 200, Palm Beach, Florida, to be known as the Island of Palm Beach Private Banking Office.
Newspaper: 08/10/2007
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