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 January 22, 2011

Filer Filing Type Filing Proposal End of Comment Period
AMERICAN STATE BANCSHARES, INC. 4c8 American State Bancshares, Inc., to acquire 100 percent of ASB Holdings, LLC, both in Great Bend, Kansas, and thereby engage in information technology consulting services.
Newspaper: Not applicable
Federal Register: 02/08/2011
FIVE POINTS BANK * 18C Five Points Bank, Grand Island, Nebraska, to purchase certain assets and assume certain liabilities of the LaVista, Nebraska branch of First State Bank, Gothenberg, Nebraska.
Newspaper: Not available
Federal Register: Not applicable
FRONTIER HOLDINGS, LLC * 3A3 Frontier Holdings, LLC, Omaha, Nebraska, to acquire 100 percent of the voting shares of ARSEBECO, Inc., parent of Richardson County Bank & Trust Company, both in Falls City, Nebraska. Frontier Management, LLC, Omaha, Nebraska, to acquire indirect control of 100 percent of the voting shares of ARSEBECO, Inc., parent of Richardson County Bank & Trust Company, both in Falls City, Nebraska, by virtue of its control of the affairs of Frontier Holdings, LLC, Omaha, Nebraska.
Newspaper: Not available
Federal Register: Not available
NORCON FINANCIAL CORP. CIC Notice submitted by Jeffrey J. Heiman and Jerod J. Heiman, both of Wichita, Kansas, to retain control of Norcon Financial Corp., parent of Conway Bank, National Association, both in Conway Springs, Kansas.
Newspaper: Not available
Federal Register: 01/03/2011
SOUTHEASTERN BANCSHARES, INC. CIC Notice submitted by the Linda Lake Young Irrevocable Trust, the Lori Lee Young Irrevocable Trust, and the Robyn Elizabeth Batson Irrevocable Trust, all of Broken Bow, Oklahoma and all as members of the Young Family control group, to retain control of Southeastern Bancshares, Inc., parent of 1st Bank & Trust, both in Broken Bow, Oklahoma. Robyn Batson, Broken Bow, Oklahoma, serves as sole trustee of each of the trusts.
Newspaper: 01/10/2011
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