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: 10
Federal Reserve Bank of: Kansas City

Filings received during the week ending October 11, 2008

Filer Filing Type Filing Proposal End of Comment Period
COLLEGIATE PEAKS BANK * Branch Collegiate Peaks Bank, Buena Vista, Colorado, to establish a branch at 885 South Colorado Boulevard, Denver, Colorado; and to establish a branch at 2191 North Ursula #12, Aurora, Colorado.
Newspaper: Not available
Federal Register: Not applicable
FOUNDATION FIRST CORPORATION * 3A1 Foundation First Corporation, Omaha, Nebraska, to become a bank holding company through the acquisition of 100 percent of the voting shares of Western State Bancshares, Inc., Waterloo, Nebraska and thereby indirectly acquire Western State Bank, Waterloo, Nebraska.
Newspaper: 11/06/2008
Federal Register: 11/10/2008
GRACE INVESTMENT COMPANY, INC. CIC Notice by Peggy J. Wisdom, M.D., Edmond, Oklahoma, individually and as Personal Representative of the Estate of Grace V. Wisdom, to retain control of Grace Investment Company, Inc., Alva, Oklahoma, parent of Alva State Bank, Alva, Oklahoma and First National Bank in Okeene, Okeene, Oklahoma.
Newspaper: 10/29/2008
Federal Register: 10/28/2008
LINDOE, INC. * 3A3 Lindoe, Inc., Ordway, Colorado, to acquire up to 25 percent of the voting shares of Southern Colorado National Bancorporation, Inc., Pueblo, Colorado and thereby indirectly acquire Southern Colorado National Bank, Pueblo, Colorado.
Newspaper: Not available
Federal Register: 11/06/2008
SUMMERFIELD FINANCIAL SERVICES, LLC * 3A1 Summerfield Financial Services, LLC, Fremont, Nebraska, to become a bank holding company through the acquisition of 100 percent of the voting shares of The First National Bank of Summerfield, Summerfield, Kansas.
Newspaper: 11/01/2008
Federal Register: 11/06/2008
THE GRACE INVESTMENT COMPANY, INC. ESOP * 3A1 The Grace Investment Company, Inc. ESOP, Alva, Oklahoma, to become a bank holding company through the acquisition of 30 percent of the voting shares of Grace Investment Company, Inc., Alva, Oklahoma, and thereby indirectly acquire Alva State Bank & Trust Company, Alva, Oklahoma and First National Bank in Okeene, Okeene, Oklahoma.
Newspaper: 11/10/2008
Federal Register: 11/07/2008


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