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 May 20, 2017

Filer Filing Type Filing Proposal End of Comment Period
FIRST IC CORPORATION CIC Prior change in control notice filed by Chong W. Chun, McDonough, Georgia, Kyong H. Chun, McDonough, Georgia, Sheila Chun, Atlanta, Georgia, Grace H. Chun, Mableton, Georgia, Hwa Yong Heidi Chun, McDonough, Georgia, Scott J. Cahoon, McDonough, Georgia, Hea Wong Chun Harris, Atlanta, Georgia, and Charles E. Harris, Atlanta, Georgia, to collectively acquire voting shares of First IC Corporation, Doraville, Georgia, and its subsidiary, First IC Bank, Atlanta, Georgia.
Newspaper: 06/07/2017
Federal Register: 05/31/2017
OCEAN BANKSHARES, INC. CIC After-the-fact notification filed by: 1) A. Alfonso Macedo, Adriana Macedo Moncayo, Olga E. Macedo, and Sandra Macedo Moncayo (the Macedo Family); 2) Javier Macedo Rodriguez, Belkis Macedo de Graterol, Candida Isabel Macedo Rodriguez, and Nelly Macedo Rodriguez (the Rodriguez Family); and 3) Ernesto de Abreu Gonzalez, Carmen Elena de Abreu, Mercedes Coromoto de Abreu Gonzalez, and Jose Alberto de Abreu Gonzalez (the Gonzalez Family) and the Macedo, Rodriguez, and Gonzalez Families' multiple related companies, partnerships, trusts, and trustees to maintain control of Ocean Bankshares, Inc. (Bankshares) and its subsidiary, Ocean Bank (Bank), both of Miami, Florida, pursuant to the Change in Bank Control Act of 1978.
Newspaper: 08/27/2015
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 Third Quarter of 2017 (July 1, 2017 - September 30, 2017) and Fourth Quarter of 2017 (October 1, 2017 - December 31, 2017)

Institution Location Quarter
BANK INDEP SHEFFIELD, ALABAMAThird Quarter of 2017
FIRST FARMERS & MRCH B COLUMBIA, TENNESSEEThird Quarter of 2017
PARADISE BK BOCA RATON, FLORIDAThird Quarter of 2017
INSBANK NASHVILLE, TENNESSEEFourth Quarter of 2017
USAMERIBANK CLEARWATER, FLORIDAFourth Quarter of 2017

* 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