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 August 16, 2014

Filer Filing Type Filing Proposal End of Comment Period
BANCO DE CREDITO E INVERSIONES S.A. * 3A1 Banco De Credito E Inversiones, Empresas Juan Yarur S.A.C., Inversiones Petro S.A., Inversiones Baquio LTDA., Inversiones Nueve LTDA., and Administraciones Baquio LTDA., all of Santiago, Chile, to become bank holding companies by acquiring 100 percent of CM Florida Holdings, Inc., Coral Gables, Florida, and its subsidiary, City National Bank of Florida, Miami, Florida.
Newspaper: Not available
Federal Register: 08/08/2013
C1 FINANCIAL, INC. CIC Prior change in control notice filed by Trevor R. Burgess, St. Petersburg, Florida, Marcio Camargo, São Paulo, Brazil, Marcelo Lima, São Paulo, Brazil, Erwin Russel, São Paulo, Brazil, CBM Holdings Qualified Family, L.P. Toronto, Ontario, Canada, an Ontario, Canada limited partnership, the General Partner of which is Marcelo Lima, and Amazonite Family Limited Partnership, Ontario, Canada, the General Partner of which is Erwin Russel, for Mr. Russel to transfer his shares of C1 Financial, Inc., to Amazonite Family Limited Partnership, and for the latter to acquire 10 percent or more of the shares and thereby control of C1 Financial, Inc., and its subsidiary bank, C1 Bank, both of St. Petersburg, Florida.
Newspaper: 08/11/2014
Federal Register: 08/25/2014
FIRST FLORIDA BANK Member First Florida Bank, Destin, Florida, to become a member of the Federal Reserve System.
Newspaper: Not applicable
Federal Register: Not applicable
IBERIABANK * Branch IBERIABANK, Lafayette, Louisiana, to establish a branch located at 2506 Poplar Avenue, Memphis, Tennessee, to be known as the Binghampton Branch.
Newspaper: 08/22/2014
Federal Register: Not applicable
MIDCOUNTRY FINANCIAL CORP CIC Prior change in control notice filed by James Lee Clayton and BF3, LP, both of Knoxville, Tennessee; to collectively control more than 10 percent of the outstanding shares of MidCountry Financial Corp, Macon, Georgia, and its subsidiary, MidCountry Bank, Marion, Illinois.
Newspaper: Not available
Federal Register: 09/02/2014
TOUCHMARK BANCSHARES, INC. CIC After-the-fact change in control notice filed by Jayendrakumar J. (J.J.) Shah; Meena J. (M.J.) Shah; 455 Trust, M.J. Shah and K.J. Parikh, trustees; 475 Trust, J.J. Shah and Shveta S. Raju, trustees; Mahendrabala J. Parikh; Asha J. Shah; Eastern Horizons Properties, LP, and its managing general partner, Eastern Horizons Management, Inc.; GCMT 17, LLC; GCMT2, LLC; DVR Trust No. 1, M.J. Shah, trustee; DVR Trust No. 2, J.J. Shah, trustee; Dinesh V. Raju; and Shveta S. Raju; all of Duluth, Georgia, to retain approximately 20.21 percent of the shares and thereby retain direct control of Touchmark Bancshares, Inc., and indirect control of Touchmark National Bank, both of Alpharetta, Georgia. Also, prior notification by the notificants listed above to acquire an additional 600,000 common shares of Touchmark Bancshares, Inc., representing additional ownership of approximately 17 percent.
Newspaper: Not available
Federal Register: Not available
WB&T BANKSHARES, INC. * 3A3 WB&T Bankshares, Inc., Waycross, Georgia, to acquire The Citizens Exchange Bank, Pearson, Georgia.
Newspaper: Not available
Federal Register: Not available


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

* 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