Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received

District 6: Federal Reserve Bank of Atlanta PDF

Filings received during the week ending April 4, 2026

FilerFiling TypeFiling ProposalEnd of Comment Period
NewspaperFederal Register
COMMERCEONE FINANCIAL CORPORATIONChange in Bank ControlC1B Shares LLC, Bill Smith as manager, both of Birmingham, Alabama; Bill Ira Smith Family 2025 Irrevocable Trust, Pierre, South Dakota, Bill Smith, Birmingham, Alabama as Investment Advisor, Bridgeford Trust Company, LLC, Pierre, South Dakota as Trustee, and Arlington Trust Company, LLC, Birmingham, Alabama as Trust Protector; Bill and Pam Smith Foundation, Inc., Birmingham, Alabama; Jeffrey L. Smith 2014 Irrevocable Trust, Birmingham, Alabama, Bill Smith, Birmingham, Alabama as Trustee and Arlington Trust Company, LLC, Birmingham, Alabama as Trust Protector; Bill Smith Roth IRA, Birmingham, Alabama; Pamela Smith, Birmingham, Alabama; Pamela Smith Roth IRA, Birmingham, Alabama; Shirley E. Smith 2014 Irrevocable Trust, Mountain Brook, Alabama, Jeff Smith, Birmingham, Alabama as Trustee, Arlington Trust Company, LLC, Birmingham, Alabama as Trust Protector; Keith Jeffrey Smith, Birmingham, Alabama; Jennifer Conner Smith, Homewood, Alabama; and certain minor children, Bill Smith, Birmingham, Alabama as custodian, to join the Bill Smith Family Group, a group acting in concert, to retain voting shares of CommerceOne Financial Corporation, and thereby indirectly retain voting shares of CommerceOne Bank, both of Birmingham, Alabama. Bill Smith was previously permitted by the Federal Reserve System to acquire voting shares of CommerceOne Financial Corporation in his individual capacity. 04/21/2026Not available

* 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 / LocationRSSD IDExam DateCRA Public DateCRA RatingExam Method
AUBURNBANK, AUBURN, ALABAMA74963506/22/202503/03/2025SInt Small Bank
INSBANK, NASHVILLE, TENNESSEE287734502/09/202611/03/2025SInt Small Bank
CRA Examinations scheduled for    Quarter of
InstitutionLocationQuarter
NONE
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Last Update: April 09, 2026