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 October 11, 2008

Filer Filing Type Filing Proposal End of Comment Period
BANK OF AMERICA CORPORATION * 4c8 Bank of America Corporation, Charlotte, North Carolina, to acquire 100% of the voting securities of Merrill Lynch Bank & Trust Co., FSB, New York, New York, and Merrill Lynch Bank USA, Salt Lake City, Utah. Also, Bank of America Corporation, Charlotte, North Carolina, to acquire up to 19.9% of the voting securities of Merill Lynch & Co., Inc., New York, New York, under certain circumstances.
Newspaper: 10/29/2008
Federal Register: 10/31/2008
CAPGEN CAPITAL GROUP II LLC * 3A1 CapGen Capital Group II LLC, New York, New York, and CapGen Capital Group II LP, New York, New York, to become bank holding companies through the acquisition of 12.4% of the voting securities of PacWest Bancorp, San Diego, California, and indirectly acquire Pacific Western Bank, San Diego, California.
Newspaper: 10/27/2008
Federal Register: 10/30/2008
Coastal Carolina Bancshares, Inc. * 3A1 Coastal Carolina Bancshares, Inc., Myrtle Beach, South Carolina, to become a bank holding company by acquiring 100% of Coastal Carolina National Bank, Myrtle Beach, South Carolina (in organization).
Newspaper: Not available
Federal Register: Not available
ROYAL BANK OF CANADA 4c8 Royal Bank of Canada, Montreal, Canada, to indirectly acquire Humboldt Merchant Services, LP, Reno, Nevada, through Moneris Solutions Corporation, Toronto, Canada, and to engage in lending, activities related to extending credit, and data processing activities.
Newspaper: Not applicable
Federal Register: 10/27/2008
SHORE BANK * 18C Shore Bank, Onley, Virginia, proposes to acquire certain assets and assume certain liabilities of the Salisbury, Maryland, branch office of Chevy Chase Bank, FSB, McLean, Virginia.
Newspaper: 10/29/2008
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

Institution Location
NONE

* 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