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 July 3, 2010

Filer Filing Type Filing Proposal End of Comment Period
FIRST AMERICAN FINANCIAL MANAGEMENT COMPANY * 3A1 First American Financial Management Company, Salisbury, North Carolina, to become a bank holding company through the acquisition of 51% of the voting securities of Community Bank of Rowan, Salisbury, North Carolina.
Newspaper: Not available
Federal Register: 07/30/2010
FIRST NATIONAL FINANCIAL GROUP, INC. * 3A1 First National Financial Group, Inc., Shelby, North Carolina, to become a bank holding company through the acquisition of 100% of the voting shares of First National Bank of Shelby, Shelby, North Carolina.
Newspaper: 08/02/2010
Federal Register: 07/30/2010
PALMETTO BANCSHARES, INC. CIC Patriot Financial Partners, GP, L.P., Patriot Financial Partners, L.P., Patriot Financial Partners Parallel, L.P., Patriot Financial Partners, GP, LLC, Patriot Financial Managers, L.P., and Messrs. Ira M. Lubert, W. Kirk Wycoff and James J. Lynch, all of Philadelphia, Pennsylvania, to purchase up to 19.2 percent of Palmetto Bancshares, Inc., Greenville, SC.
Newspaper: Not available
Federal Register: 07/20/2010
UNION FIRST MARKET BANK * 18C Union First Market Bank, Richmond, Virginia, to merge with The Rappahannock National Bank, Washington, Virginia.
Newspaper: 08/04/2010
Federal Register: Not applicable
UNION FIRST MARKET BANK * 18C Union First Market Bank, Richmond, Virginia, to merge with Northern Neck State Bank, Warsaw, Virginia.
Newspaper: 08/04/2010
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
CONSOLIDATED B&TC, RICHMOND, VIRGINIA 517423 03/08/2010 06/10/2010 S Small Bank
FAUQUIER BK, WARRENTON, VIRGINIA 976226 03/01/2010 06/01/2010 S Large Bank
FIRST BK, STRASBURG, VIRGINIA 899428 02/16/2010 05/20/2010 S Int Sm Bank
FIRST PEOPLES BK INC, MULLENS, WEST VIRGINIA 708333 03/01/2010 06/02/2010 S Small Bank


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