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: 8
Federal Reserve Bank of: St. Louis

Filings received during the week ending March 6, 2021

Filer Filing Type Filing Proposal End of Comment Period
FIRST CHOICE BANK * Branch First Choice Bank, Pontotoc, Mississippi, to establish a branch facility to be located at 3850 North Gloster Street, Tupelo, Mississippi.
Newspaper: 03/18/2021
Federal Register: Not applicable
MIDWEST BANCORPORATION, INC. CIC Notice by Travis Brown, Angela J. McLane, individually and as Trustee of the Angela J. McLane Revocable Trust, and David Rowland, all of Poplar Bluff, Missouri, to join a family group acting in concert, to retain voting shares of Midwest Bancorporation, Inc., Poplar Bluff, Missouri. The family group consists of Jana McLane Brown, Joseph T. McLane, individually and as Trustee of the Joseph T. McLane Revocable Trust, and as Trustee of Midwest Bancorporation, Inc., and Affiliates Employee Stock Ownership Plan Trust, Jerri Ann McLane Rowland, and Norma McLane Smith as Trustee of the Norma McLane Smith Revocable Trust.
Newspaper: 03/26/2021
Federal Register: Not available
SOUTHERN BANCORP BANK * Branch Southern Bancorp Bank, Arkadelphia, Arkansas, to establish a branch facility to be located at 3002 Hardy Street, Suite 101, Hattiesburg, Mississippi.
Newspaper: 03/11/2021
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
NONE


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