Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 8: Federal Reserve Bank of St. Louis PDF
Filings received during the week ending March 16, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| CITIZENS BANCORP OF HICKMAN, INC. | Change in Bank Control | Notice by Minor Child A and Minor Child B, Carla Campbell Coffey as custodian, all of Troy, Tennessee, to join the Coffey family control group, a group acting in concert, to retain voting shares of Citizens Bancorp of Hickman, Inc., and thereby indirectly retain voting shares of The Citizens Bank, both of Hickman, Kentucky. | 04/09/2024 | 04/04/2024 |
| FIRST UNION FINANCIAL CORPORATION | Change in Bank Control | Notice by Zach John Scott McClendon, the Zach John Scott McClendon Irrevocable Trust, Zach John Scott McClendon as trustee; Robin Ann McClendon, the Robin Ann McClendon Irrevocable Trust, Robin Ann McClendon as trustee; and the Zach McClendon, Jr. Trust, Zach McClendon, Jr. as trustee, all of Monticello, Arkansas, to establish a family control group and retain 25 percent or more of the voting shares of First Union Financial Corporation and thereby indirectly retain voting shares of Union Bank & Trust Company, both of Monticello, Arkansas. | 03/31/2024 | 04/02/2024 |
* Subject to the provisions of the Community Reinvestment Act
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 |
|---|---|---|---|---|---|
| BANK OF ADVANCE, ADVANCE, MISSOURI | 879644 | 11/03/2023 | 07/24/2023 | S | Int Small Bank |
| FIRST SAVINGS BK, JEFFERSONVILLE, INDIANA | 785473 | 04/24/2023 | 04/18/2022 | S | Int Small Bank |
| LINDELL B&TC, SAINT LOUIS, MISSOURI | 185859 | 12/18/2023 | 09/05/2023 | S | Int Small Bank |
| MONTICELLO BKG CO, MONTICELLO, KENTUCKY | 266945 | 01/27/2024 | 09/05/2023 | S | Int Small Bank |
| OAKSTAR BK, SPRINGFIELD, MISSOURI | 3374412 | 12/19/2022 | 06/13/2022 | S | Int Small Bank |
| OLD MO BK, SPRINGFIELD, MISSOURI | 2785646 | 06/03/2023 | 03/06/2023 | S | Int Small Bank |
| RELYANCE BK, WHITE HALL, ARKANSAS | 49241 | 09/23/2023 | 06/05/2023 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||