Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 5: Federal Reserve Bank of Richmond PDF
Filings received during the week ending May 23, 2026
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BANK OF THE LOWCOUNTRY | * Branch (Domestic) | Bank of the Lowcountry, Walterboro, South Carolina, to establish a branch facility to be located at 186 Sea Island Parkway, Beaufort, South Carolina | 05/29/2026 | Not applicable |
| UNITED COMMUNITY BANKS, INC. | * 3A3 * 18C * Branch (Domestic) | United Community Banks, Inc., Greenville, South Carolina, to acquire 100% of the voting securities of Peach State Bancshares, Inc., Gainesville, Georgia, and thereby indirectly acquire Peach State Bank & Trust, Gainesville, Georgia. In addition, United Community Bank, Greenville, South Carolina, to merge with Peach State Bank & Trust and operate Peach State Bank & Trust's branches. | 06/19/2026 | 06/25/2026 |
* 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 |
|---|---|---|---|---|---|
| BANK OF CLARKE, BERRYVILLE, VIRGINIA | 753324 | 05/15/2025 | 09/16/2024 | S | Int Small Bank |
| BANK OF THE JAMES, LYNCHBURG, VIRGINIA | 2787770 | 11/20/2025 | 05/27/2025 | S | Int Small Bank |
| CHESAPEAKE BK, KILMARNOCK, VIRGINIA | 214722 | 05/09/2025 | 11/18/2024 | S | Int Small Bank |
| COASTAL STS BK, HILTON HEAD ISLAND, SOUTH CAROLINA | 3274709 | 04/06/2025 | 10/21/2024 | S | Int Small Bank |
| FARMERS & MERCHANTS BK, TIMBERVILLE, VIRGINIA | 713926 | 03/02/2026 | 09/22/2025 | S | Int Small Bank |
| FIRST BK, STRASBURG, VIRGINIA | 899428 | 04/04/2026 | 06/23/2025 | S | Int Small Bank |
| FIRST CAP BK, CHARLESTON, SOUTH CAROLINA | 2849463 | 11/03/2025 | 05/19/2025 | S | Int Small Bank |
| PUTNAM CTY BK, HURRICANE, WEST VIRGINIA | 417626 | 12/25/2025 | 08/04/2025 | S | Int Small Bank |
| TRUPOINT BK, GRUNDY, VIRGINIA | 274829 | 07/17/2025 | 03/03/2025 | S | Int Small Bank |
CRA Examinations scheduled for Third Quarter of 2026 (July 1, 2026 - September 30, 2026) and Fourth Quarter of 2026 (October 1, 2026 - December 31, 2026)
| Institution | Location | Quarter |
|---|---|---|
| BURKE & HERBERT B&TC | ALEXANDRIA, VIRGINIA | Third Quarter of 2026 |
| PRIMIS BK | TAPPAHANNOCK, VIRGINIA | Third Quarter of 2026 |
| ATLANTIC UNION BK | RICHMOND, VIRGINIA | Fourth Quarter of 2026 |
| FIRST SENTINEL BK | RICHLANDS, VIRGINIA | Fourth Quarter of 2026 |