Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 5
Federal Reserve Bank of: Richmond

Filings received during the week ending December 3, 2005

Filer

Filing Type

Filing Proposal

End of Comment Period

ATLANTIC BANCSHARES, INC.

* 3A1

Atlantic Bancshares, Inc., Bluffton, South Carolina, to become a bank holding company through the acquisition of 100% of the voting securities of Atlantic Community Bank, Bluffton, South Carolina (in organization).

Newspaper:	12/16/2005
Federal Register:	12/27/2005

CITIZENS BANK AND TRUST COMPANY

Premises

Citizens Bank & Trust Company, Blackstone, Virginia, to increase its investment in bank premises in the amount of $95,000.

Newspaper:	Not applicable
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
COMMERCEFIRST BK, ANNAPOLIS, MARYLAND	2897736	08/15/2005	11/14/2005	S	Small Bank
PUTNAM CTY BK, HURRICANE, WEST VIRGINIA	417626	08/08/2005	11/09/2005	S	Large Bank
RIVER CITY BK, MECHANICSVILLE, VIRGINIA	3267185	08/15/2005	11/10/2005	S	Small Bank
SOUTHERN CMNTY B&TC, WINSTON-SALEM, NORTH CAROLINA	2514547	06/27/2005	09/29/2005	S	Large Bank

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

District: 5 Federal Reserve Bank of: Richmond

Filings received during the week ending December 3, 2005

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond