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 August 4, 2007

Filer Filing Type Filing Proposal End of Comment Period
BLUE RIDGE FINANCIAL CORPORATION * 3A1 Blue Ridge Financial Corporation, Walhalla, South Carolina, to become a bank holding company by acquiring 100% of Blue Ridge Bank of Walhalla, Walhalla, South Carolina.
Newspaper: Not available
Federal Register: 08/27/2007
FIRST BANCAPITAL FUND I, L.P. 4c8
* 3A1
* 3A3
First BanCapital Fund I, L.P., First BanCapital Parallel Fund I, L.P., CBCF Partners, L.P., MJR, LLC, MJR Financial Group, LLC: to become bank holding companies through the acquisition of up to 54.9% of the voting securities of Revere Bank, Laurel, Maryland (in organization); to retain 8.28% of the voting securities of NCB Holdings, Inc., Chicago, Illinois, and thereby indirectly hold an interest in New Century Bank, Chicago, Illinois; and to engage in private placement, investment advisory, and securities brokerage activities.
Newspaper: Not available
Federal Register: Not available
RBC CENTURA BANK * Branch RBC Centura Bank, Raliegh, North Carolina, proposes to establish a branch at 2920 Jones Franklin Road, Cary, North Carolina.
Newspaper: 08/13/2007
Federal Register: Not applicable
RBC CENTURA BANK * Branch RBC Centura Bank, Raleigh, North Carolina, proposes to establish a branch at 3619 Rogers Road, Wake Forest, North Carolina.
Newspaper: 08/13/2007
Federal Register: Not applicable
ROYAL BANK OF CANADA FBSEA Royal Bank of Canada, Montreal, Canada, to convert its Dallas, Texas, representative office to a state-licensed agency.
Newspaper: 08/29/2007
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