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 November 21, 2009

Filer Filing Type Filing Proposal End of Comment Period
JOHN MARSHALL BANK * Branch John Marshall Bank, Falls Church, Virginia, to establish a branch at 4315 50th Street, NW, Washington, D.C.
Newspaper: Not available
Federal Register: Not applicable
MIDDLEBURG BANK * Branch Middleburg Bank, Middleburg, Virginia, proposes to establish a branch at 5372 Discovery Park Boulevard, Suite 101, Williamsburg, Virginia.
Newspaper: 11/23/2009
Federal Register: Not applicable
MONARCH BANK * Branch Monarch Bank, Chesapeake, Virginia, to establish a branch at 1635 Laskin Road, Virginia Beach, Virginia.
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
NONE


CRA Examinations scheduled for First Quarter of 2010 (January 1, 2010 - March 31, 2010)

Institution Location
BANK OF GASSAWAY GASSAWAY, WEST VIRGINIA
CENTRAL VA BK POWHATAN, VIRGINIA
COMMUNITY BKR BK MIDLOTHIAN, VIRGINIA
FAUQUIER BK WARRENTON, VIRGINIA
FIRST BK STRASBURG, VIRGINIA
FIRST PEOPLES BK INC MULLENS, WEST VIRGINIA
HIGHLANDS UNION BK ABINGDON, VIRGINIA
STELLARONE BK CHRISTIANSBURG, VIRGINIA

* 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

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Last update: November 30, 2009