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 June 19, 2021

Filer Filing Type Filing Proposal End of Comment Period
CYPRESS CAPITAL GROUP, INC. 4c8
* 3A1
Cypress Capital Group, Inc., Palm Beach, Florida, to become a bank holding company concurrently with the conversion of its wholly-owned subsidiary, Cypress Trust Company, Palm Beach, to a Florida state-charted non-member bank under the name %Cypress Bank & Trust%; and Cypress Capital Group, Inc. to engage in investment advisory activities pursuant to section 225.28(b)(6) of the Board%s Regulation Y.
Newspaper: 07/14/2021
Federal Register: 07/26/2021
REGIONS BANK PWI Regions Bank, Birmingham, Alabama, request for approval to make one public welfare investment.
Newspaper: Not applicable
Federal Register: Not applicable
UNITED BANCORPORATION OF ALABAMA, INC. * 3A3 United Bancorporation of Alabama, Atmore, Alabama, to acquire Town-Country National Bank, Camden, Alabama, pursuant to section 3(a)(3) of the BHC Act.
Newspaper: 07/03/2021
Federal Register: 07/06/2021


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