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: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending October 28, 2017

Filer Filing Type Filing Proposal End of Comment Period
CITIZENS CORPORATION CIC After-the-fact change in control notice filed by Gregory W. Griffith, Silver Spring, Maryland; Beverly Franklin Hales, Peachtree City, Georgia; Ethel Stephanie Stuckey Benfield, Atlanta, Georgia; Russell D. Franklin, Tallahassee, Florida; Jay Gould Stuckey, Los Angeles, California; Scott M. Stuckey, Los Angeles, California; Marietta Bryson Stuckey, Augusta, Georgia; W. S. Stuckey IV, Augusta, Georgia; James Austin Putnam, Eastman, Georgia; Williamson Elliott Putnam, Eastman, Georgia; Christine, S. Boland, Washington, DC; Michelle S. Stuckey, Atlanta, Georgia; Andrew Stuckey, Brookline, Massachusetts; Todd Giddens as Trustee of the LSF Family Trust, Dublin, Georgia, and Gregory W. Griffith as Trustee of the WSS Family Trust, Silver Spring, Maryland; to retain voting shares of Citizens Corporation, and its subsidiary, Citizens Bank & Trust Company, both of Eastman, Georgia.
Newspaper: 11/15/2017
Federal Register: 11/16/2017
LAKESIDE BANCSHARES, INC. * 3A1 Lakeside Bancshares, Inc., to become a bank holding company by acquiring 100 percent of the outstanding shares of Lakeside Bank, both of Lake Charles, Louisiana.
Newspaper: 11/19/2017
Federal Register: 11/16/2017
OCEAN BANKSHARES, INC. CIC After-the-fact notification filed by the Abreu Family: Ernesto de Abreu Gonzalez, Carmen Elena de Abreu, Mercedes Coromoto de Abreu Gonzalez, and Jose Alberto de Abreu Gonzalez; and Macedo family 1: A. Alfonso Macedo, Adriana Macedo Moncayo, Olga E. Macedo, and Sandra Macedo Moncayo; and Macedo family 2: Javier Macedo Rodriguez,Belkis Macedo de Graterol, Candida Macedo Rodriguez, and Nelly Macedo Rodriguez (Notificants), and Notificants multiple related companies, trusts, and trustees to maintain control of Ocean Bankshares, Inc. (Bankshares) and its subsidiary, Ocean Bank (Bank), both of Miami, Florida, pursuant to the Change in Bank Control Act of 1978.
Newspaper: Not available
Federal Register: 09/11/2017
RELIANT BANK * Branch Reliant Bank, Brentwood, Tennessee, to establish the following branch offices: 633 Chestnut Street, Suite 100, Chattanooga, Tennessee and 1835 E. Northfield Boulevard, Murfreesboro, Tennessee.
Newspaper: 10/29/2017
Federal Register: Not applicable
* 4c8
* 3A1
Southeastern Bancorp, Inc., Dickson, Tennessee, a savings and loan holding company, to become a bank holding company for a moment in time by merging with Cumberland Bancorp Inc., and thereby acquiring its subsidiary bank, Cumberland Bank & Trust, both of Clarksville, Tennessee. In connection, Southeastern Bancorp, Inc. will retain ownership of its savings association subsidiary, First Federal Bank, Dickson, Tennessee, for the moment in time that it is a bank holding company and thereby engage in operating a savings association. Finally, Southeastern Bancorp, Inc. will convert back to a savings and loan holding company after the merger of Cumberland Bank & Trust with and into First Federal Bank.
Newspaper: Not available
Federal Register: 11/28/2017
TENNESSEE STATE BANCSHARES, INC. CIC Lawrence Andrew Proffitt, Gatlinburg, Tennessee; to act as substitute trustee and vote the shares of Tennessee State Bancshares, Inc., and thereby indirectly control Tennessee State Bank, both of Pigeon Forge, Tennessee.
Newspaper: 11/08/2017
Federal Register: 11/13/2017

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
Exam Date
Public Date
Exam Method

CRA Examinations scheduled for     Quarter of

Institution Location Quarter

* 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