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: 4
Federal Reserve Bank of: Cleveland

Filings received during the week ending June 23, 2012

Filer Filing Type Filing Proposal End of Comment Period
CENTERGROUP FINANCIAL, INC. * 3A1 CenterGroup Financial, Inc., Milford, OH to become a bank holding company by acquiring 100% of the voting shares of the CenterBank, Milford, OH, pursuant to section 3(a)(1)of the Bank Holding Company Act
Newspaper: 07/15/2012
Federal Register: 07/16/2012
KENTUCKY FIRST FEDERAL BANCORP MHC Minority Stock Issuance
* SLHC Acquisition
Application by First Federal MHC, Hazard, KY; Kentucky First Federal Bancorp, Hazard, KY; and Frankfort First Bancorp, Inc., Frankfort, KY to acquire CKF Bancorp, Inc., Danville, KY and its wholly-owned subsidiary, Central Kentucky Federal Savings Bank, Danville, KY and Application by Kentucky First Federal Bancorp, Hazard, KY for approval of a minority stock issuance by a savings association subsidiary of a mutual holding company.
Newspaper: Not available
Federal Register: 07/16/2012
S & T BANCORP, INC. * 3A3 Application by S&T Bancorp, Inc., Indiana, PA to acquire Gateway Bank of Pennsylvania, McMurray, PA pursuant to Section 3 of the Bank Holding Company Act
Newspaper: 06/30/2012
Federal Register: 07/05/2012


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
APOLLO TC, APOLLO, PENNSYLVANIA 368522 02/21/2012 05/31/2012 S Small Bank
WESTERN RESERVE BK, MEDINA, OHIO 2730477 03/19/2012 06/08/2012 S Small 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