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 April 23, 2011

Filer

Filing Type

Filing Proposal

End of Comment Period

CARROLL BANCORP, INC.

* 3A1

Carroll Bancorp, Inc., Sykesville, Maryland, to become a bank holding company through the acquisition of 100% of the voting stock of Carroll Community Bank, Sykesville, Maryland, upon its conversion from a mutual state savings bank to a state-chartered stock commercial bank.

Newspaper:	04/19/2011
Federal Register:	04/21/2011

PIEDMONT COMMUNITY BANK HOLDINGS, INC.

4c8

Piedmont Community Bank Holdings, Inc., Raleigh, North Carolina, to engage in lending and credit-related activities through its subsidiary, VantageSouth Holdings, LLC Raleigh, North Carolina.

Newspaper:	Not applicable
Federal Register:	05/09/2011

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
BENCHMARK CMNTY BK, KENBRIDGE, VIRGINIA	94522	12/06/2010	03/23/2011	S	Int Sm Bank
FREDERICK CTY BK, FREDERICK, MARYLAND	3058329	11/29/2010	03/15/2011	S	Small Bank
WACCAMAW BK, WHITEVILLE, NORTH CAROLINA	2607449	10/25/2010	03/28/2011	NI	Int Sm 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 April 23, 2011

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 5
Federal Reserve Bank of: Richmond