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: 5
Federal Reserve Bank of: Richmond

Filings received during the week ending January 25, 2020

Filer Filing Type Filing Proposal End of Comment Period
CITIZENS FINANCIAL CORP. 4c8 Citizens Financial Corp., Elkins, West Virginia, to engage in consulting activities.
Newspaper: Not applicable
Federal Register: Not applicable
COASTAL BANK & TRUST * Branch Coastal Bank & Trust, Jacksonville, North Carolina, to establish a branch at 4737 G Arandell Street, Morehead City, North Carolina.
Newspaper: 01/30/2020
Federal Register: Not applicable


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 2020 () and First Quarter of 2020 (January 1, 2020 - March 31, 2020)

Institution Location Quarter
FARMERS BK WINDSOR VA WINDSOR, VIRGINIAFirst Quarter of 2020
FVCBANK FAIRFAX, VIRGINIAFirst Quarter of 2020
HIGHLANDS CMNTY BK COVINGTON, VIRGINIAFirst Quarter of 2020
SANDY SPRING BK OLNEY, MARYLANDFirst Quarter of 2020
VCC BK RICHMOND, VIRGINIAFirst Quarter of 2020

* 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