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 January 31, 2009

Filer

Filing Type

Filing Proposal

End of Comment Period

Live Oak Bancshares, Inc.

* 3A1

Live Oak Bancshares, Inc., Wilmington, North Carolina, to become a bank holding company through the acquisition of 100% of the voting securities of Live Oak Banking Company, Wilmington, North Carolina.

Newspaper:	02/20/2009
Federal Register:	02/20/2009

TRUPOINT BANK

* Branch

TruPoint Bank, Grundy, Virginia, proposes to establish a branch at 600 East Main Street, Abingdon, Virginia.

Newspaper:	02/13/2009
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
BANKANNAPOLIS, ANNAPOLIS, MARYLAND	1434826	08/18/2008	11/17/2008	S	Int Sm Bank
CITIZENS B&TC, BLACKSTONE, VIRGINIA	991621	10/06/2008	01/20/2009	S	Large Bank
COMMUNITY BK OF TRI-CTY, WALDORF, MARYLAND	697978	04/21/2008	01/01/2009	S	Large Bank
EVB, TAPPAHANNOCK, VIRGINIA	790721	08/25/2008	12/11/2008	S	Large Bank
PUTNAM CTY BK, HURRICANE, WEST VIRGINIA	417626	10/06/2008	01/06/2008	S	Int Sm Bank
RBC BK USA, RALEIGH, NORTH CAROLINA	1494240	04/21/2008	12/31/2008	S	Large Bank
SANDY SPRING BK, OLNEY, MARYLAND	506922	08/04/2008	01/18/2009	S	Large Bank

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 5 Federal Reserve Bank of: Richmond

Filings received during the week ending January 31, 2009

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond