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 December 6, 2008

Filer Filing Type Filing Proposal End of Comment Period
EDUCATIONAL FUNDING OF THE SOUTH, INC. * 3A1 Educational Funding of the South, Inc., Knoxville, Tennessee, to become a bank holding company by acquiring 100 percent of the outstanding shares of Community Bank of the Cumberlands, Jamestown, Tennessee.
Newspaper: 12/26/2008
Federal Register: 12/26/2008
EDUCATIONAL FUNDING OF THE SOUTH, INC. 4c8 Educational Funding of the South, Inc., Knoxville, Tennessee, to engage in making, acquiring, brokering, or servicing loans, or other extensions of credit.
Newspaper: Not applicable
Federal Register: 12/16/2008
FIRST TRUST CORPORATION * 4c8 First Trust Corporation, and its subsidiary, First Bank and Trust, both of New Orleans, Louisiana, to acquire 100 percent of the outstanding shares of Globe Bancorp, Inc, and its subsidiary, Globe Homestead Savings Bank, FSA, both of Metairie, Louisiana, and thereby engage in operating a savings association.
Newspaper: Not available
Federal Register: Not available
FMB BANKING CORPORATION CIC Prior change in control notice filed by F.W. Carraway, Jr., Caroline Carraway Sutton, Ann Elizabeth Ray, Leslie Erin Hammelman, Nicholas Stephens Sutton, Matthew Yancey Sutton, and Emily Carraway Kemp, all of Tallahassee, Florida; F. Wilson Carraway, III, and Evan Caroline Carraway, both of Carrabelle, Florida; Edward H. Carraway and F.W. Carraway, II, both of Sarasota, Florida; Elizabeth Leigh Neilson, Destin, Florida; Rena Katherine Taylor, Alligator Point, Florida; the FMB Banking Corporation KSOP, F. Wilson Carraway and R. Michael Sims, trustees, all of Monticello, Florida; to collectively acquire an additional 45 percent of the outstanding shares of FMB Banking Corporation, and its wholly owned subsidiary, Farmers & Merchants Bank, both of Monticello, Florida. Total pro forma ownership will equal 77.67 percent.
Newspaper: 12/17/2008
Federal Register: 12/19/2008


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
FIRST FARMERS & MRCH B, COLUMBIA, TENNESSEE 150035 08/18/2008 12/01/2008 S Int Sm 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