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 8, 2008

Filer Filing Type Filing Proposal End of Comment Period
CAPITALSOURCE INC. * 3A1 CapitalSource Inc., CapitalSource Finance LLC, and CapitalSource TRS Inc., all located in Chevy Chase, Maryland, to become bank holding companies through the acquisition of 100% of the voting securities of CapitalSource Bank, Los Angeles, California.
Newspaper: 12/03/2008
Federal Register: 12/05/2008
HAMPTON ROADS BANKSHARES, INC. * 3A5 Hampton Roads Bankshares, Inc., Norfolk, Virginia, to acquire 100% of the voting securities of Gateway Financial Holdings, Inc., Virginia Beach, Virginia, and thereby indirectly acquire Gateway Bank and Trust Co., Elizabeth City, North Carolina.
Newspaper: Not available
Federal Register: Not available
JOHN MARSHALL BANK * Branch John Marshall Bank, Falls Church, Virginia, proposes to establish a branch at 2300 Wilson Boulevard, Arlington, Virginia.
Newspaper: 11/14/2008
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
BAY CMNTY BK, NEWPORT NEWS, VIRGINIA 2736442 06/16/2008 10/08/2008 S Small Bank
FARMERS & MRCH BK OF CRAIG CTY, NEW CASTLE, VIRGINIA 804422 06/02/2008 09/02/2008 O Small Bank
MONARCH BK, CHESAPEAKE, VIRGINIA 2718345 05/05/2008 10/02/2008 S Int Sm Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

* Subject to the provisions of the Community Reinvestment Act

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