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 February 23, 2013

Filer Filing Type Filing Proposal End of Comment Period
BANQUE CENTRALE POPULAIRE FBSEA Banque Centrale Populaire, Casablanca, Morocco, to establish a representative office in Washington, D.C.
Newspaper: Not available
Federal Register: Not applicable
SURREY BANCORP CIC Betty J. Wright, Mount Airy, North Carolina, to individually control 12.31% of Surrey Bancorp, Mount Airy, North Carolina, and together with the Hylton Wright Living Trust Agreement and ARMAT Foundation, as a group acting in concert, to control 12.31% of Surrey Bancorp.
Newspaper: Not available
Federal Register: 03/14/2013


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 10/30/2012 02/03/2013 S Int Sm Bank
UNION FIRST MKT BK, RICHMOND, VIRGINIA 693224 09/17/2012 02/04/2013 S Large Bank


CRA Examinations scheduled for Second Quarter of 2013 (April 1, 2013 - June 30, 2013)

Institution Location
BANK OF STANLY ALBEMARLE, NORTH CAROLINA
BANK OF VA MIDLOTHIAN, VIRGINIA
BCBANK PHILIPPI, WEST VIRGINIA
CABARRUS B&TC CONCORD, NORTH CAROLINA
CHESAPEAKE BK KILMARNOCK, VIRGINIA
CITIZENS CMNTY BK SOUTH HILL, VIRGINIA
FARMERS & MRCH BK OF CRAIG CTY NEW CASTLE, VIRGINIA
FARMERS BK WINDSOR VA WINDSOR, VIRGINIA
FOUR OAKS B&TC FOUR OAKS, NORTH CAROLINA
FRONTIER CMNTY BK WAYNESBORO, VIRGINIA
UNITED BK FAIRFAX, VIRGINIA
UNITED BK PARKERSBURG, WEST VIRGINIA
VALLEY BK ROANOKE, 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