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Federal Reserve Release
H.2
Actions of the Board, Its Staff,
and the Federal Reserve Banks;
Applications and Reports Received
No. 5
Week Ending January 30, 2021
Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2
Board Actions
January 24, 2021 to January 30, 2021
None
(A/C) = Addition or Correction
Board - Page 1 of
1
H.2
Actions under delegated authority
S&R Supervision and Regulation
C&CA Consumer and Community Affairs
FOMC Federal Open Market Committee
January 24, 2021 to January 30, 2021
RBOPS Reserve Bank Operations and Payment Systems
IF International Finance
MA Monetary Affairs
Bank Branches, Domestic
New York
The Adirondack Trust Company, Saratoga Springs, New York -- to establish a branch
at 79 Main Street, Queensbury.
- Approved, January 28, 2021
St. Louis
Encore Bank, Little Rock, Arkansas -- to establish a branch at 3720 South Weller
Avenue, Springfield, Missouri.
- Approved, January 25, 2021
Richmond
The First Bank and Trust Company, Lebanon, Virginia -- to establish a branch at
237 Pinnacle Parkway, Bristol, Tennessee, and increase its investment in bank
premises.
- Approved, January 27, 2021
Bank Holding Companies
Chicago
Pontiac Bancorp, Inc., Pontiac, Illinois -- (1) waiver of application to acquire First
Farmers State Bank (First Farmers), Minier, in connection with the merger of First
Farmers and Bank of Pontiac, Pontiac; and (2) for Bank of Pontiac to merge with
First Farmers and thereby establish branches at 101 South Main Street, Minier;
4001 General Electric Road, Bloomington; and 301 North Locust Street, Delavan.
- Approved, January 29, 2021
(A/C) = Addition or Correction
Delegated - 1 of
2
H.2
Actions under delegated authority
January 24, 2021 to January 30, 2021
Bank Holding Companies
Atlanta
Primary Bancshares Corporation, Atlanta, Georgia -- to become a bank holding
company by acquiring outstanding shares of Georgia Primary Bank, Atlanta.
- Approved, January 28, 2021
Banks, State Member
Secretary
Synovus Bank, Columbus, Georgia -- to make certain public welfare investments.
- Approved, January 28, 2021
Change in Bank Control
Kansas City
Sundance Bankshares, Inc., Sundance, Wyoming -- change in bank control of
Sundance Bankshares, Inc., and its subsidiary, Sundance State Bank, Sundance.
- Permitted, January 27, 2021
(A/C) = Addition or Correction
Delegated - 2 of
2
District: 1
Federal Reserve Bank of Boston
Filings received during the week ending January 30, 2021
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
District: 1
Federal Reserve Bank of Boston
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.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 2
Federal Reserve Bank of New York
Filings received during the week ending January 30, 2021
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
District: 2
Federal Reserve Bank of New York
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.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 3
Federal Reserve Bank of Philadelphia
Filings received during the week ending January 30, 2021
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
District: 3
Federal Reserve Bank of Philadelphia
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.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 4
Federal Reserve Bank of Cleveland
Filings received during the week ending January 30, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
PORTAGE COMMUNITY
BANK
* Branch
Application by Portage Community Bank,
Ravenna, Ohio, to establish a branch
facility at 4183 Tallmadge Road,
Rootstown, Ohio 44272
Newspaper:
02/15/2021
Federal Register:
Not applicable
* Subject to the provisions of the Community Reinvestment Act
District: 4
Federal Reserve Bank of Cleveland
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.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 5
Federal Reserve Bank of Richmond
Filings received during the week ending January 30, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
FIRST CITIZENS
BANCSHARES, INC.
4c8
First Citizens Bancshares, Inc., Raleigh,
North Carolina, through its subsidiary
bank, First-Citizens Bank & Trust
Company, both of Raleigh, North Carolina,
to indirectly acquire voting shares of CIT
Strategic Credit Partners Holdings, LLC,
and CIT Northbridge Credit, LLC, both of
New York, New York, and thereby engage
in lending activities pursuant to section
225.28 (b) (1) of Regulation Y.
Newspaper:
Not applicable
Federal Register:
02/22/2021
NEW REPUBLIC PARTNERS, 4c8
INC.
New Republic Partners, Inc., Charlotte,
North Carolina, to engage de novo in
financial and investment advisory activities
and agency transactional services through a
newly-formed wholly-owned subsidiary,
New Republic Securities, LLC, Charlotte,
North Carolina, pursuant to Sections
225.28 (6) and (7) of Regulation Y.
Newspaper:
Not applicable
Federal Register:
02/18/2021
SELECT BANK
Select Bank, Forest, Virginia, to purchase
certain assets and assume certain liabilities
of New Republic Bank, Roanoke Rapids,
North Carolina.
Newspaper:
02/22/2021
Federal Register:
Not applicable
* 18C
* Branch
* Subject to the provisions of the Community Reinvestment Act
District: 5
Federal Reserve Bank of Richmond
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.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 6
Federal Reserve Bank of Atlanta
Filings received during the week ending January 30, 2021
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
District: 6
Federal Reserve Bank of Atlanta
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.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 7
Federal Reserve Bank of Chicago
Filings received during the week ending January 30, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
PEOPLES COMMUNITY
BANCSHARES, INC., THE
CIC
Notice by Scott A. Schoenmann and
Tammi A. Schoenmann to retain 25 percent
or more voting shares of The Peoples
Community Bancshares, Inc. and thereby
indirectly control The Peoples Community
Bank both of Mazomanie, Wisconsin.
Newspaper:
Not available
Federal Register:
Not available
Notice by Timothy Schams, La Crosse,
Wisconsin to acquire 10 percent or more of
the shares of River Holding Company,
Stoddard, Wisconsin and thereby indirectly
control River Bank, Stoddard, Wisconsin
and Wisconsin River Bank, Sauk City,
Wisconsin.
Newspaper:
02/10/2021
Federal Register:
01/19/2021
RIVER HOLDING COMPANY CIC
* Subject to the provisions of the Community Reinvestment Act
District: 7
Federal Reserve Bank of Chicago
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.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 8
Federal Reserve Bank of St. Louis
Filings received during the week ending January 30, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
FIRST BANKERS
TRUSTSHARES, INC.
CIC
Notice by Carl W. Adams, Jr., Port
Charlotte, Florida, individually and as
trustee of the Carl W. Adams, Jr. Revocable
Living Trust; Curtis Adams, Quincy,
Illinois; Deborah Adams, Quincy, Illinois;
Collin Adams, Iowa City, Iowa; Caitlyn
Adams, Quincy, Illinois; Craig Adams,
Clive, Iowa, and his minor children; Heidi
Adams, Clive, Iowa and Jacob Adams,
Clive, Iowa; Curt Hilbing, Quincy, Illinois,
and his minor child; Crystal Hilbing,
Quincy, Illinois, and her minor children; to
retain control of First Bankers Trustshares,
Inc., the parent company of First Bankers
Trust Company, N.A., both of Quincy,
Illinois.
Newspaper:
02/11/2021
Federal Register:
02/11/2021
* Subject to the provisions of the Community Reinvestment Act
District: 8
Federal Reserve Bank of St. Louis
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.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 9
Federal Reserve Bank of Minneapolis
Filings received during the week ending January 30, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
MCINTOSH COUNTY BANK
HOLDING COMPANY, INC.
4c8
McIntosh County Bank Holding Company,
Inc., Ashley, North Dakota, to indirectly
retain voting shares of AccuData Services,
Inc., Park River, North Dakota
("AccuData"), through its subsidiary bank
holding company, North Star Holding
Company, Inc., which owns Unison Bank,
both of Jamestown, North Dakota, which
owns voting shares of AccuData, and
engage in certain data processing activities
pursuant to Section 225.28(b)(14)(i) of
Regulation Y.
Newspaper:
Not applicable
Federal Register:
Not available
* Subject to the provisions of the Community Reinvestment Act
District: 9
Federal Reserve Bank of Minneapolis
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.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 10
Federal Reserve Bank of Kansas City
Filings received during the week ending January 30, 2021
Filer
Filing Proposal
End of Comment Period
AMERICAN STATE BANK & * Branch
TRUST COMPANY
American State Bank & Trust Company,
Wichita, Kansas, to establish a de novo
branch at 430 E. Douglas, Wichita, Kansas.
Newspaper:
01/30/2021
Federal Register:
Not applicable
AMERICAN STATE BANK & * Branch
TRUST COMPANY
American State Bank & Trust Company,
Wichita, Kansas to establish a branch 2110
N. Webb Road, Wichita, Kansas.
Newspaper:
01/30/2021
Federal Register:
Not applicable
CHAMBANCO, INC.
Larry Adams, individually as the largest
shareholder, as trustee of the Patrick
Adams Testamentary Trust and the S and B
Trust, all of Chambers, Nebraska, and as a
member of the Adams Family Group, a
group acting in concert, to retain voting
shares of Chambanco, Inc. (Chambanco),
Chambers, Nebraska, and thereby
indirectly retain shares of Chambers State
Bank, Chambers, Nebraska. In addition,
Patrick Adams, individually; the Patrick
Adams Testamentary Trust; and the S and
B Trust, all of Chambers, Nebraska, to
retain shares of Chambanco, and join the
Adams Family Group.
Newspaper:
Not available
Federal Register:
02/11/2021
Equitable Bank, Grand Island, Nebraska, to
establish a branch at 20112 Pierce Street,
Elkhorn, Nebraska.
Newspaper:
02/04/2021
Federal Register:
Not applicable
Jeremy Brian McHugh, Donielle Eileen
McHugh, Nathan Donald McHugh, and
Kristina Lee McHugh, all of Murdock,
Nebraska, as a group acting in concert, to
retain voting shares of McHugh Investment
Company, Murdock, Nebraska, and thereby
indirectly retain voting shares of Corn
Growers State Bank, Murdock, Nebraska.
Newspaper:
Not available
Federal Register:
02/11/2021
The Michael Stephens Leonard Second
Amended and Restated Revocable Trust,
Mike Leonard as trustee, both of
Muskogee, Oklahoma; the Amended and
Restated Ginger Batson Trust, Ginger
Batson as trustee, both of Muskogee,
Oklahoma; The Amy N. Bennett
Revocable Trust Agreement and Amy
Bennett, individually and as trustee, both
of Bixby, Oklahoma; and Courtney
Michelle Lamont and Carsen Lamont, both
of Muskogee, Oklahoma, and certain minor
children of the listed individuals; to
establish the Leonard Family Group, a
group acting in concert, to acquire voting
shares of Stigler Bancorporation, Inc. and
thereby indirectly acquire voting shares of
The First National Bank of Stigler, both of
Stigler, Oklahoma.
Newspaper:
Not available
Federal Register:
02/18/2021
EQUITABLE BANK
Filing Type
CIC
* Branch
MCHUGH INVESTMENT
COMPANY
CIC
STIGLER
BANCORPORATION, INC.
CIC
* Subject to the provisions of the Community Reinvestment Act
District: 10
Federal Reserve Bank of Kansas City
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.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 11
Federal Reserve Bank of Dallas
Filings received during the week ending January 30, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
RIVERBEND FINANCIAL
CORPORATION
CIC
Barkat Ali, Southlake, Texas, Kevin
Johnston, Pantego, Texas, Mike Farhat,
Southlake, Texas, Judy Han, Houston,
Texas, Wea Lee, Houston, Texas, Young
Yoo, Dallas, Texas, Jeung-Ho Park, Irving,
Texas, Clinton Dunn, Dallas, Texas,
Andrew Park, Santa Clarita, California,
and Mihir Patel, Coppell, Texas, as a group
acting in concert, to control Riverbend
Financial Corporation, and Spectra Bank,
both of Fort Worth, Texas
Newspaper:
Not available
Federal Register:
08/13/2020
VERABANK, INC.
* 3A3
VeraBank, Inc., Henderson, Texas, to
acquire Panola National Bank, Carthage,
Texas.
Newspaper:
Not available
Federal Register:
03/04/2021
* Subject to the provisions of the Community Reinvestment Act
District: 11
Federal Reserve Bank of Dallas
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.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 12
Federal Reserve Bank of San Francisco
Filings received during the week ending January 30, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
ADYEN N.V.
FBSEA
Adyen, N.V., Amsterdam, Netherlands, to
establish a branch in San Francisco,
California, pursuant to Section 7(d) of the
International Banking Act.
Newspaper:
Not available
Federal Register:
Not applicable
East West Bank, Pasadena, California,
proposes to make a public welfare
investment of $12.5 million in Hunt
Capital Partners Tax Credit Fund 41, LP.
Newspaper:
Not applicable
Federal Register:
Not applicable
St. Laurent Investments LLC, Vancouver,
Washington, to become a bank holding
company by acquiring People's Bank of
Commerce, Medford, Oregon.
Newspaper:
Not available
Federal Register:
02/25/2021
EAST WEST BANK
ST. LAURENT
INVESTMENTS LLC
PWI
* 3A1
* Subject to the provisions of the Community Reinvestment Act
District: 12
Federal Reserve Bank of San Francisco
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.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
@FedFRASER