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: 10
Federal Reserve Bank of: Kansas City

Filings received during the week ending June 2, 2018

Filer Filing Type Filing Proposal End of Comment Period
ARKANSAS VALLEY BANCSHARES, INC. CIC Kelley A. Rash, Broken Arrow, Oklahoma, to acquire voting shares of Arkansas Valley Bancshares, Inc., Broken Arrow, Oklahoma. In addition, Sally G. Wilton, Oklahoma City, Oklahoma, Kerry K. Kimbrough, Broken Arrow, Oklahoma, Sara N. Cruncleton, Tulsa, Oklahoma, Cooper N. Rash, Broken Arrow, Oklahoma, Henry G. Wilton, Austin, Texas, Samuel W. Wilton, Oklahoma City, Oklahoma, the Kerry K. Kimbrough Revocable Trust, Broken Arrow, Oklahoma, the Neely W. Kimbrough Revocable Trust, Broken Arrow, Oklahoma, the Kelley Rash Living Trust, Broken Arrow, Oklahoma, the Kelley Rash Trust B, Broken Arrow, Oklahoma, the Cooper Nakai Rash AVB Trust B, Broken Arrow, Oklahoma, the Sally Wilton Revocable Trust, Oklahoma City, Oklahoma, the Sally Wilton Trust B, Oklahoma City, Oklahoma, the Estelle Brown Family Trust #5, Oklahoma City, Oklahoma, and the Estelle Brown Family Trust #6, Oklahoma City, Oklahoma for permission to become members of the Kimbrough Family group which controls more than 25 percent of Arkansas Valley Bancshares, Inc., Broken Arrow, Oklahoma. Arkansas Valley Bancshares, Inc. controls AVB Bank, Broken Arrow, Oklahoma.
Newspaper: Not available
Federal Register: 06/20/2018
CATTLE CROSSING, INC. CIC Catherine L. Cattle, Seward, Nebraska, as trustee of multiple family trusts, to retain 25 percent or more of the shares and thereby control Cattle Crossing, Inc., Seward, Nebraska. Cattle Crossing, Inc. controls Cattle Bank & Trust, Seward, Nebraska. Additionally, the following persons to retain shares of Cattle Crossing, Inc. and to be approved as members of the Cattle Family Group, which acting in concert controls more than 25 percent of the shares of Cattle Crossing, Inc.: Roger D. Cattle, Lincoln, Nebraska, John T. Cattle, Overland Park, Kansas, Whitney M. Cattle, St. Joseph, Missouri, Clarke D. Ralston, Chicago, Illinois, Kylie M. Dews, Lincoln, Nebraska, Connor V. Dews, Lincoln, Nebraska, Calvin P. Schneider, Isanti, Minnesota, Elsie G. Schneider, Isanti, Minnesota, Ellis V. Ralston, Chicago, Illinois, the WMC Irrevocable Trust, Seward, Nebraska, the Roger D. Cattle Irrevocable Trust, Seward, Nebraska and the John T. Cattle Irrevocable Trust, Seward, Nebraska. Persons who previously have been approved as members of the Cattle Family Group are Virginia C. Cattle, John W. Cattle, Jr., Rebecca Vahle, Heather A. Dews, Van C. Vahle, Nicole A. Schneider and Kourtney A. Vahle.
Newspaper: Not available
Federal Register: 06/21/2018
FRAZER BANK Premises
* 18C
* Branch
Frazer Bank, Altus, Oklahoma, to purchase certain assets and assume certain liabilities of those branches, located at 120 East 1st Street, Grandfield, Oklahoma, and 102 South Main Street, Davidson, Oklahoma, of Valor Bank, Edmond, Oklahoma, and to increase its investment in bank premises in the amount of $560,000.
Newspaper: Not available
Federal Register: Not applicable
PROTECTION BANK HOLDING COMPANY, INC., THE CIC The Merle Wait Trust, Protection, Kansas, and co-trustees Brenda Martin and Candace Murphy, Protection, Kansas, Merle Wait, Jr., Watauga, Texas, and Elaine Philips, Arkansas City, Kansas, to acquire voting shares of The Protection Bank Holding Company, Inc., Protection, Kansas, and to be approved as members of the Wait Family Control Group. The Protection Bank Holding Company, Inc. controls, The Bank of Protection, Protection, Kansas. Additionally, Tom Murphy and Hilary Murphy, both of Protection, Kansas, to be approved as members of the Wait Family Control Group.
Newspaper: 06/14/2018
Federal Register: 06/05/2018


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
FIRSTBANK, ANTLERS, OKLAHOMA 296456 02/12/2018 05/21/2018 S Int Sm Bank
HIGH PLAINS BK, FLAGLER, COLORADO 247551 02/05/2018 05/23/2018 S Small Bank


CRA Examinations scheduled for     Quarter of

Institution Location Quarter
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