District 6: Federal Reserve Bank of Atlanta PDF

Filings received during the week ending September 9, 2023

FilerFiling TypeFiling ProposalEnd of Comment Period
NewspaperFederal Register
OPTIMUMBANK HOLDINGS, INC.Change in Bank ControlMoishe Gubin and Gubin Optimum Trust, Ft. Lauderdale, Florida to acquire voting shares of OptimumBank Holdings, Inc., and thereby indirectly retain voting shares of OptimumBank Holding Company, both of Ft. Lauderdale, Florida.10/02/2023Not 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 / LocationRSSD IDExam DateCRA Public DateCRA RatingExam Method
INSBANK, NASHVILLE, TENNESSEE287734502/05/202311/07/2022SInt Small Bank
CRA Examinations scheduled for    Quarter of
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Last Update: September 14, 2023