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 November 22, 2008

Filer Filing Type Filing Proposal End of Comment Period
INDEPENDENT BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN * 3A3 Independent Bancshares, Inc. Employee Stock Ownership Plan, Red Bay, Alabama, to acquire 26.46 percent of the outstanding shares of Independent Bancshares, Inc., and its subsidiaries, Community Spirit Bank, both of Red Bay, Alabama, along with Spirit Bancshares, Inc., and Spirit Bank, both of Belmont, Mississippi.
Newspaper: Not available
Federal Register: 12/22/2008
PROTECTIVE LIFE CORPORATION * 3A1 Protective Life Corporation, Birmingham, Alabama, to become a bank holding company by acquiring 100 percent of the outstanding shares of Bonifay Holding Company, Inc., and its subsidiary, The Bank of Bonifay, both of Bonifay, Florida.
Newspaper: 12/19/2008
Federal Register: 12/12/2008
SUNTRUST BANK * Branch SunTrust Bank, Atlanta, Georgia, to establish a branch located at 11255 State Road 70 E, Bradenton, Florida, to be known as the Lakewood Walk Office.
Newspaper: 12/01/2008
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
AUBURNBANK, AUBURN, ALABAMA 749635 07/21/2008 11/11/2008 S Int Sm Bank


CRA Examinations scheduled for First Quarter of 2009 (January 1, 2009 - March 31, 2009)

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