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 April 6, 2013

Filer Filing Type Filing Proposal End of Comment Period
HAZARD BANCORP CIC Notice of Change in Bank Control by Julie Rose Akemon, Individually, and the Julie Rose Akemon Control Group consisting of Julie Rose Akemon; Kemberly Clemons; Earl D. Clemons; David Clemons: the Jade Clemons Trust, Julie Rose Akemon, Trustee; the Rose Clemons Trust, Julie Rose Akemon, Trustee; Eva Dmitrieva, Vienna, Austria; the Eva Dmitrieva Trust, Earl D. Clemons, Trustee; and Leon L. Hollon, individually and as co-executor of the Estate of Edward L. Clemons; to acquire 10 percent or more of the shares and acquire control of Hazard Bancorp, Hazard, Kentucky, and thereby indirectly control the Peoples Bank and Trust Company, Hazard, KY, in connection with the partial distribution of Hazard Bancorp stock by the Estate of Edward L. Clemons to its beneficiaries.
Newspaper: 04/09/2013
Federal Register: 04/23/2013
JOHN R TURNER HOLDING COMPANY CIC Notice of Change in Bank Control by Julie Rose Akemon, Individually, and the Julie Rose Akemon Control Group consisting of Julie Rose Akemon; Kemberly Clemons; Earl D. Clemons; David Clemons: the Jade Clemons Trust, Julie Rose Akemon, Trustee; the Rose Clemons Trust, Julie Rose Akemon, Trustee; Eva Dmitrieva, Vienna, Austria; the Eva Dmitrieva Trust, Earl D. Clemons, Trustee; and Leon L. Hollon, individually and as co-executor of the Estate of Edward L. Clemons; to acquire 10 percent or more of the shares and acquire control of John R. Turner Holding Company, Jackson, Kentucky, and thereby indirectly control the Citizens Bank and Trust, Jackson, KY and Farmers Deposit Bank, Middleburg, KY, in connection with the partial distribution of John R. Turner Holding Company stock by the Estate of Edward L. Clemons to its beneficiaries.
Newspaper: 04/09/2013
Federal Register: 04/23/2013
MADISON FINANCIAL CORPORATION CIC Interagency Notice of Change in Bank Control submitted by Michael R. Eaves, as an individual, Richmond, KY and Interagency Notice of Change in Bank Control submitted by Dr. William R. Allen and Pattris S. Allen and Dr, WIlliam R. Allen and Pattris S. Allen's IRA and/or 401K account(s); Michael R. Eaves and Ava M. Eaves and Michael R. Eaves and Ava M. Eaves' IRA and/or 401K account(s); Michael D. Eidson and Kathleen H. Eidson and Michael D. Eidson's IRA account(s); Jeffrey E. Neal and Debra G. Neal and Jeffrey E. Neal and Debra G. Neal's IRA and/or 401K account(s); Corey E. Neal; and Stuart K. Olds, all of Richmond, KY and J. Michael Burns, Nicholasville, KY to acquire 10% or more of the outstanding voting shares of Madison Financial Corporation, Richmond, KY.
Newspaper: Not available
Federal Register: 04/02/2013
WVS FINANCIAL CORP. CIC Interagency Notice of Change in Bank Control submitted by WVS Financial Corp., ESOP and John W. Grace, Trustee, Pittsburgh, PA to retain 13.45% of the outstanding voting shares of WVS Financial Corp., Pittsburgh, PA and to acquire additional shares not to exceed 24.9% of WVS Financial Corp. total shares outstanding.
Newspaper: 03/25/2013
Federal Register: 03/25/2013


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
BUCKEYE CMNTY BK, LORAIN, OHIO 2836306 07/16/2012 03/22/2013 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