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: 8
Federal Reserve Bank of: St. Louis

Filings received during the week ending May 19, 2007

Filer Filing Type Filing Proposal End of Comment Period
COMMUNITY FIRST BANCSHARES, INC. * 3A3 Community First Bancshares, Inc., Harrison, Arkansas ("Community"), to acquire additional shares of White River Bancshares Company, Fayetteville, Arkansas ("Bancshares"), and thereby indirectly acquire Signature Bank, Fayetteville, Arkansas. The acquisition will result in Community retaining ownership of up to 23.13 percent of Bancshares stock.
Newspaper: 06/09/2007
Federal Register: 05/29/2007
FIRST STATE BANK OF DEQUEEN * Branch First State Bank of De Queen, De Queen, Arkansas, to establish a branch facility to be located at 202 Main Street, Dierks, Arkansas.
Newspaper: 05/27/2007
Federal Register: Not applicable
FIRST STATE BANK OF DEQUEEN * Branch First State Bank of De Queen, De Queen, Arkansas, to establish a branch facility to be located at 201 S. Washington Avenue, Suite A, Murfreesboro, Arkansas.
Newspaper: 05/27/2007
Federal Register: Not applicable
FIRST STATE BANK OF RED BUD * Branch First State Bank of Red Bud, Red Bud, Illinois, to establish a branch facility to be located at 2100 South Illinois Street, Belleville, Illinois.
Newspaper: 06/01/2007
Federal Register: Not applicable
FIRST TENNESSEE BANK NATIONAL ASSOCIATION MEMPHIS Investment
Other Foreign
First Tennessee Bank National Association, Memphis, Tennessee ("Bank"), to make an investment in FTN Financial Investment Corp, Memphis, Tennessee, pursuant to Section 211.5(g)of Regulation K. In connection with this investment, Bank will be making its initial overseas investment through its indirect investment in FTN Financial Asia, Limited, Hong Kong, pursuant to 211.5(c)(3) of Regulation K.
Newspaper: Not applicable
Federal Register: Not applicable
HOME BANCSHARES, INC. * 3A3 Home Bancshares, Inc., Conway, Arkansas ("Home"), to acquire additional shares of White River Bancshares Company, Fayetteville, Arkansas ("Bancshares"), and thereby indirectly acquire Signature Bank, Fayetteville, Arkansas. The acquisition will result in Home retaining ownership of at least 20.0 percent of Bancshares stock.
Newspaper: 06/09/2007
Federal Register: 05/29/2007
MRV FINANCIAL CORP * 3A1 MRV Financial Corp, Ste. Genevieve, Missouri, to become a bank holding company by acquiring 100 percent of MRV Banks, Ste. Genevieve, Missouri (in organization).
Newspaper: 06/08/2007
Federal Register: 06/18/2007


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

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