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 24, 2008

Filer Filing Type Filing Proposal End of Comment Period
BANCOLOMBIA S.A. 4c8 Bancolombia S.A., Suramericana de Invesiones S.A., Inversiones Argos S.A., all of Medellin, Colombia, and Cementos Argos S.A., Barranquilla, Colombia, to collectively retain 50 percent of their direct and indirect interests in Todo 1 Services, Inc., Medley, Florida, and thereby engage in providing data processing and data transmission services.
Newspaper: Not applicable
Federal Register: 06/10/2008
CAIXA DE AFORROS DE VIGO, OURENSE E PONTEVEDRA FBSEA Caixa de Aforros de Vigo, Ourense e Pontevedra, Vigo, Spain, to establish international bank branches in New York, New York, Chicago, Illinois, Los Angeles, California, and Houston, Texas.
Newspaper: Not available
Federal Register: Not applicable
CAJA DE AHORROS Y MONTE DE PIEDAD DE MADRID * 3A1 Caja de Ahorros y Monte de Piedad de Madrid, along with its subsidiaries, Caja Madrid Cibeles S.A., both of Madrid, Spain, and CM Florida Holdings, Inc., Coral Gables, Florida, to become bank holding companies by acquiring 83 percent of the controlling interest of City National Bancshares, Inc., and its subsidiary, City National Bank of Florida, both of Miami, Florida.
Newspaper: Not available
Federal Register: 06/23/2008
HOMETOWN BANKING COMPANY, INC. * 3A3 Hometown Banking Company, Inc., Ft. Pierce, Florida, to retain control of 31.26 percent of the voting control of all classes of common stock of Hometown of Homestead Banking Company, and its subsidiary, 1st National Bank of South Florida, both of Homestead, Florida.
Newspaper: 06/04/2008
Federal Register: 05/29/2008
Monte de Piedad y Caja de Ahorros San Fernando de Huelva FBSEA Monte de Piedad y Caja de Ahorros San Fernando de Huelva, Sevilla, Spain (CAJASOL), to establish a representative office in Miami, Florida.
Newspaper: Not available
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
CAPITALSOUTH BK, BIRMINGHAM, ALABAMA 567231 01/14/2008 05/04/2008 S Int Sm Bank
FIRST GA CMNTY BK, JACKSON, GEORGIA 2508126 09/10/2007 12/31/2007 S Small Bank
OLD SOUTHERN BK, ORLANDO, FLORIDA 3414046 05/21/2007 09/09/2007 S Small Bank
RIVERSIDE BK OF CENT FL, WINTER PARK, FLORIDA 3048861 06/04/2007 09/24/2007 S Small Bank
TRANSATLANTIC BK, MIAMI, FLORIDA 972237 10/15/2007 05/21/2008 S Int Sm Bank


CRA Examinations scheduled for Third Quarter of 2008 (July 1, 2008 - September 30, 2008)

Institution Location
RBC BK GA ATLANTA, GEORGIA

* 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

Home | Banking information and regulation
Accessibility | Contact us
Last update: May 29, 2008