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 September 1, 2007

Filer Filing Type Filing Proposal End of Comment Period
BANC OF AMERICA FSC HOLDINGS, INC. Investment Banc of America FSC Holdings, Inc., San Francisco, California, requests approval to make an investment of $95.1 million in Storey Asset Management Company, Reno, Nevada.
Newspaper: Not applicable
Federal Register: Not applicable
BANK OF MONROE, THE Premises The Bank of Monroe, Union, West Virginia, to increase its investment in bank premises in the amount of $1 million.
Newspaper: Not applicable
Federal Register: Not applicable
COMMUNITY CAPITAL BANK OF VIRGINIA Member Community Capital Bank of Virginia, Christiansburg, Virginia, to become a member of the Federal Reserve Bank.
Newspaper: Not applicable
Federal Register: Not applicable
FIRST VIRGINIA COMMUNITY BANK Member First Virginia Community Bank, Fairfax, Virginia, an organizing bank, to become a member of the Federal Reserve Bank of Richmond.
Newspaper: Not applicable
Federal Register: Not applicable
SELECT BANK * Branch Select Bank, Forest, Virginia, proposes to establish a branch at 7113 Timberlake Road, Lynchburg, Virginia.
Newspaper: 09/12/2007
Federal Register: Not applicable
VIRGINIA COMMUNITY CAPITAL, INC. 4c8
* 3A1
Virginia Community Capital, Inc., Christiansburg, Virginia, to become a bank holding company through the acquisition of 99% of the voting securities of Community Capital Bank of Virginia, Christiansburg, Virginia, an organizing bank.
Newspaper: 09/22/2007
Federal Register: 09/21/2007


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