District 6: Federal Reserve Bank of Atlanta PDF

Filings received during the week ending November 5, 2022

Filer Filing Type Filing Proposal End of Comment Period
Newspaper Federal Register
FIRST BANK, THE * 18C The First Bank, Hattiesburg, Mississippi, to merge with Heritage Southeast Bank, Jonesboro Georgia, and thereby establish branches at the locations of Heritage Southeast Bank's main office and branches. 12/02/2022 Not applicable
SMARTBANK * Branch (Domestic) SmartBank, Pigeon Forge, Tennessee, to establish a branch located at 9050 Carothers Parkway, Franklin, Tennessee. 11/18/2022 Not applicable
WASHINGTON STATE BANCSHARES, INC. Change in Bank Control Paul A. Durand, Jr., Youngsville, Louisiana; to acquire control of voting shares of Washington State Bancshares, Inc. (Bancshares), Washington, Louisiana, by becoming co-trustee of The Sue Soileau Trust (Trust); and Karen Sue Rowe, Sunset, Louisiana; to acquire control of voting shares of Bancshares, by becoming co-trustee of the Washington State Bancshares, Inc. Employee Stock Ownership Plan (ESOP), the Trust and ESOP own Bancshares, and thereby indirectly own Washington State Bank, Washington, Louisiana. 11/13/2022 11/30/2022
COOPERATIVA DE AHORRO Y CREDITO ELGA, LTDA Foreign Orgs Rep Office Cooperativa de Ahorro y Credito ELGA, Ltda, Tegucigalpa, Honduras, to establish an International Representative Office in North Miami, Florida, pursuant to Section 10(a) of the International Banking Act and Section 211.24(a)(1)(i)(A) of Regulation K. 11/30/2022 Not available

* Subject to the provisions of the Community Reinvestment Act

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
CRA Examinations scheduled for    Quarter of
Institution Location Quarter
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Last Update: November 10, 2022