Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
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|
|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||NONE|
CRA Examinations scheduled for Quarter of