Federal Reserve Release

H.2

Actions of the Board, Its Staff,

and the Federal Reserve Banks; 

Applications and Reports Received

No. 52 

Week Ending December 27, 2008

Board of Governors of the Federal Reserve System, Washington, DC 20551
Bank Holding Companies

GMAC LLC, Detroit, Michigan, and IB Finance Holding Company, LLC -- to 

become bank holding companies on conversion of GMAC Bank, Midvale, Utah, 

from an industrial loan company to a commercial bank and to retain their nonbanking 

subsidiaries.

- Approved, December 24, 2008

Enforcement

Birthright Incorporated, Montgomery, Alabama -- written agreement with the Federal 

Reserve Bank of Atlanta.

- Announced, December 22, 2008

Cherokee Bancshares, Inc., St. Paul, Minnesota -- written agreement with the Federal 

Reserve Bank of Minneapolis.

- Announced, December 22, 2008

Michigan Heritage Bank, Farmington Hills, Michigan -- written agreement with the 

Federal Reserve Bank of Chicago and the Michigan Office of Financial and 

Insurance Regulation.

- Announced, December 22, 2008

Ocean Bankshares, Inc., Miami, Florida -- written agreement with the Federal 

Reserve Bank of Atlanta.

- Announced, December 23, 2008

H.2 Board Actions December 21, 2008 to December 27, 2008

(A/C) = Addition or Correction Board - Page 1 of 1
H.2 Actions under delegated authority

BS&R

C&CA

FOMC

Banking Supervision and Regulation

Consumer and Comminity Affairs

Federal Open Market Committee

RBOPS Reserve Bank Operations and Payment Systems

IF International Finance

OSDM Office of Staff Director for Management

December 21, 2008 to December 27, 2008

Bank Branches, Domestic

City State Bank, Ogden, Iowa -- to establish a branch at 217 Mulberry Street, Ogden.

Chicago

- Approved, December 26, 2008

Community Bank, Granbury, Texas -- to establish a branch at 1300 South University 

Drive, Fort Worth.

Dallas

- Approved, December 26, 2008

The First Bank and Trust Company, Lebanon, Virginia -- to establish a branch at the 

intersection of Forest Road and Cloverdale Boulevard, Forest.

Richmond

- Approved, December 22, 2008

Sonabank, National Association, Charlottesville, Virginia -- to establish a branch at 

1770 Timberwood Boulevard, Suite 100, Charlottesville, on Sonabank's conversion 

to a state-chartered institution.

Richmond

- Approved, December 24, 2008

United Bank Fairfax, Virginia -- to establish a branch at 2030 Westmoreland Street, 

Falls Church.

Richmond

- Approved, December 24, 2008

(A/C) = Addition or Correction Delegated - 1 of 5
Bank Branches, Domestic

United Bank, Fairfax, Virginia -- to establish a branch at 11921 Rockville Pike, 

Rockville, Maryland.

Richmond

- Approved, December 24, 2008

Bank Holding Companies

182 Bancshares, Inc., Mankato, Minnesota -- to become a bank holding company and 

to acquire Bank 182, Mankato, a de novo bank.

Minneapolis

- Withdrawn, December 23, 2008

Grant County State Bancshares, Inc., Employees Stock Ownership Plan, Swayzee, 

Indiana -- to increase its ownership of Grant County State Banschares, Inc., Swayzee, 

and thereby indirectly increase its ownership of Grant County State Bank.

Chicago

- Approved, December 26, 2008

Summit Financial Group, Inc., Moorefield, West Virginia -- to acquire Greater 

Atlantic Financial Corp., Reston, Virginia, and thereby indirectly acquire Greater 

Atlantic Bank.

Richmond

- Withdrawn, December 26, 2008

Tamalpais Bancorp, San Rafael, California -- to become a bank holding company on 

conversion of Tamalpais Bank, San Rafael, from an industrial bank to a commercial 

bank, and to engage in financial and investment advisory activities through 

Tamalpais Wealth Advisors.

San Francisco

- Approved, December 26, 2008

H.2 Actions under delegated authority December 21, 2008 to December 27, 2008

(A/C) = Addition or Correction Delegated - 2 of 5
Bank Holding Companies

TCF Financial Corporation, Wayzata, Minnesota -- waiver of application to establish 

TCF Interim National Bank, Sioux Falls, South Dakota, in connection with the 

merger of TCF Interim and TCF National Bank, Wayzata.

Minneapolis

- Approved, December 26, 2008

Banks, Foreign

Banco Santander International, Miami, Florida -- to amend its articles of association 

to increase capital stock.

New York

- Approved, December 24, 2008

Extensions of Time

First Southern Bancorp, Inc., Stanford, Kentucky -- extension to March 20, 2009, to 

acquire shares of CKF Bancorp, Inc., Danville.

Cleveland

- Granted, December 22, 2008

Prairieland Bancorp Employee Stock Ownership Plan and Trust, Bushnell, Illinois -- 

extension to April 9, 2009, to increase its ownership of Prairieland Bancorp, Inc., 

Bushnell, and thereby indirectly increase its ownership of Farmers and Merchants 

State Bank of Bushnell.

Chicago

- Granted, December 22, 2008

H.2 Actions under delegated authority December 21, 2008 to December 27, 2008

(A/C) = Addition or Correction Delegated - 3 of 5
Extensions of Time

WebFive, MHC, Webster, Massachusetts, and WebFive Financial Services, Inc. -- 

extension to January 25, 2009, to become a mutual bank holding company and stock 

bank holding company, respectively, and to acquire Webster Five Cents Savings 

Bank, Webster.

Boston

- Granted, December 23, 2008

Financial Holding Companies 

Kinderhook Bank Corp., Kinderhook, New York -- election to become a financial 

holding company.

New York

- Effective, December 22, 2008

Lloyds TSB Group plc, London, England, and Lloyds TSB Bank plc -- elections to 

be treated as financial holding companies.

Director, BS&R

- Effective, December 24, 2008

International Operations

Bank of America, National Association, Charlotte, North Carolina -- for its Canadian 

branch to acquire BANA Canada Funding Company Ltd., Calgary, Canada, and 

BANA Alberta Funding Company, ULC.

Director, BS&R

- Approved, December 22, 2008

H.2 Actions under delegated authority December 21, 2008 to December 27, 2008

(A/C) = Addition or Correction Delegated - 4 of 5
Membership

Bank VI, Salina, Kansas -- to become a member of the Federal Reserve System.

Kansas City

- Approved, December 22, 2008

Peoples Exchange Bank, Belleville, Kansas -- to become a member of the Federal 

Reserve System.

Kansas City

- Approved, December 22, 2008

Sonabank, National Association, Charlottesville, Virginia -- to retain membership in 

the Federal Reserve System on conversion to a state-chartered institution.

Richmond

- Approved, December 24, 2008

H.2 Actions under delegated authority December 21, 2008 to December 27, 2008

(A/C) = Addition or Correction Delegated - 5 of 5
District: 1

Federal Reserve Bank of Boston

Filings received during the week ending December 27, 2008

Filer Filing Type Filing Proposal End of Comment Period

NONE

* Subject to the provisions of the Community Reinvestment Act
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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 2

Federal Reserve Bank of New York

Filings received during the week ending December 27, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 3A3 01/08/2009

01/12/2009

MORGAN STANLEY Morgan Stanley, New York, New York, to acquire 

additional common shares up to 9.9 percent of the 

outstanding common shares of Chinatrust 

Financial Holding Company, Ltd., Taipei, 

Taiwan, Republic of China.

* Subject to the provisions of the Community Reinvestment Act
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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 3

Federal Reserve Bank of Philadelphia

Filings received during the week ending December 27, 2008

Filer Filing Type Filing Proposal End of Comment Period

NONE

* Subject to the provisions of the Community Reinvestment Act
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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 4

Federal Reserve Bank of Cleveland

Filings received during the week ending December 27, 2008

Filer Filing Type Filing Proposal End of Comment Period

NONE

* 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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 5

Federal Reserve Bank of Richmond

Filings received during the week ending December 27, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 4c8 Not available

01/12/2009

Capital One Financial Corporation, McLean, 

Virginia, to acquire 100% of the voting 

securities of Chevy Chase Bank, F.S.B., 

McLean, Virginia.

CAPITAL ONE FINANCIAL 

CORPORATION

Newspaper:

Federal Register:

* 3A3 Not available

Not available

FA Capital, LLC. and Community Bank 

Investors of America, L.P., both located in 

Richmond, Virginia, to retain control of 6.82% 

and to acquire up to 7.55% of the voting 

securities of Commonwealth Bankshares, Inc., 

Norfolk, Virginia.

COMMUNITY BANK 

INVESTORS OF AMERICA, LP

Newspaper:

Federal Register:

* 3A3 Not available

Not available

FA Capital, LLC. and Community Bank 

Investors of America, L.P., both located in 

Richmond, Virginia, to retain control of 5.81% 

and to acquire up to 9.90% of the voting 

securities of ICB Financial, Ontario, California.

ICB FINANCIAL

Newspaper:

Federal Register:

* 3A3 01/19/2009

01/15/2009

Southern Bancshares, Inc., Mount Olive, North 

Carolina, to acquire up to 9.9% of the 

outstanding common stock of ECB Bancorp, 

Inc., Englehard, North Carolina, and thereby 

indirectly acquire up to 9.9% of the shares of 

East Carolina Bank, Englehard, North Carolina.

SOUTHERN BANCSHARES 

(N.C.), INC.

Newspaper:

Federal Register:

* Branch

Not applicable

Union Bank and Trust Company, Bowling 01/07/2009

Green, Virginia, proposes to establish a branch 

at 8983 Staples Mill Road, Richmond, Virginia.

UNION BANK AND TRUST 

COMPANY

* 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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 6

Federal Reserve Bank of Atlanta

Filings received during the week ending December 27, 2008

Filer Filing Type Filing Proposal End of Comment Period

NONE

* Subject to the provisions of the Community Reinvestment Act
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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 7

Federal Reserve Bank of Chicago

Filings received during the week ending December 27, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

4c8 Not applicable

01/12/2009

Freeport Bancshares, Inc., Freeport, Illinois, to 

acquire 100 percent of the voting shares of 

Community Redevelopment, LLC, Freeport, 

Illinois, and thereby to engage in extending 

credit and servicing loans.

FREEPORT BANCSHARES, INC.

Newspaper:

Federal Register:

* 3A3 01/17/2009

01/12/2009

Glenwood Bancorporation, Glenwood, Iowa, to 

acquire 100 percent of Tabor Enterprises, Inc., 

Tabor, Iowa, and thereby indirectly acqurie First 

State Bank, Tabor, Iowa.

GLENWOOD 

BANCORPORATION

* 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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 8

Federal Reserve Bank of St. Louis

Filings received during the week ending December 27, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* Branch

Not applicable

Centennial Bank, Conway, Arkansas, to 01/03/2009

establish a branch facility to be located at 1631 

Highway 25B N, Heber Springs, Arkansas.

CENTENNIAL BANK

Newspaper:

Federal Register:

CIC 12/31/2008

01/13/2009

Notice by Leon Dale Loveall, individually, and 

acting in concert with Marlese Loveall, both of 

Columbia, Missouri, to gain control of Mid 

America Banking Corporation, Columbia, 

Missouri.

MID AMERICA BANKING 

CORPORATION

* 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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 9

Federal Reserve Bank of Minneapolis

Filings received during the week ending December 27, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 18C Not available

* Branch Not applicable

1st Bank, Evanston, Wyoming, to merge with 

First National Bank of Morgan, Morgan, Utah, 

and incident thereto establish branches at 120 

North State Street, Morgan, Utah, and 5015 

West Old Hwy Road, Morgan, Utah.

1ST BANK

* 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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 10

Federal Reserve Bank of Kansas City

Filings received during the week ending December 27, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* Branch

Not applicable

Bank of Versailles, Versailles, Missouri, to 12/12/2008

establish a branch at 76 Grand Point Boulevard, 

Sunrise Beach, Missouri.

BANK OF VERSAILLES

Newspaper:

Federal Register:

Member Not applicable

Not applicable

Gardner National Bank (to be known as Gardner 

Bank), Gardner, Kansas, to retain its 

membership in the Federal Reserve System 

following its conversion from a national to a 

state charter.

GARDNER NATIONAL BANK

* 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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 11

Federal Reserve Bank of Dallas

Filings received during the week ending December 27, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* Branch

Not applicable

Community Bank, Granbury, Texas, establish a 12/17/2008

branch to be located at 1300 South University 

Drive, Fort Worth, Texas 76107.

COMMUNITY BANK

* 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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act
District: 12

Federal Reserve Bank of San Francisco

Filings received during the week ending December 27, 2008

Filer Filing Type Filing Proposal End of Comment Period

Newspaper:

Federal Register:

* 3A3

Not available

Carpenter Fund Manager GP, LLC, Carpenter 01/23/2009

Fund Management, LLC, Carpenter Community 

Bancfund, L.P., Carpenter Community 

Bancfund-A, L.P., Carpenter Community 

Bancfund-CA, L.P., CCFW, Inc., and SCJ, Inc., 

all of Irvine, California, to acquire up to 18 

percent of Heritage Bank, National Association, 

New York, New York.

CARPENTER FUND MANAGER 

GP, LLC

Newspaper:

Federal Register:

* 3A3 Waived

01/23/2009

Franklin Resources, Inc., San Mateo, California, 

to acquire up to 8.4 percent of AB&T Financial 

Corporation, and thereby indirectly its 

subsidiary, Alliance Bank & Trust Company, 

both of Gastonia, North Carolina, pursuant to 

section 3(a)(3) of the Bank Holding Company 

Act.

FRANKLIN RESOURCES, INC.

Newspaper:

Federal Register:

* 3A1

Member

4c8

12/06/2008

12/12/2008

Marlin Business Services Corp., Mount Laurel, 

New Jersey, to: 1) become a bank holding 

company upon the conversion of Marlin 

Business Bank, Salt Lake City, Utah, from an 

industrial bank to a commercial bank, pursuant 

to section 3(a)(1) of the Bank Holding Company 

Act; 2) Marlin Business Services Corp. to 

engage indirectly in equipment leasing services 

through Marlin Leasing Corporation, both of 

Mount Laurel, New Jersey, pursuant to section 

225.28(b)(3) of Regulation Y and 4(c)(8) of the 

Bank Holding Company Act; and 3) Marlin 

Business Bank, Salt Lake City, Utah, to become 

a member of the Federal Reserve System.

MARLIN BUSINESS SERVICES 

CORP.

* 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.

Exam Method

CRA

Institution / Location Exam Date Rating

RSSD

ID

CRA

Public Date

NONE

CRA Examinations scheduled for Quarter of 

Institution Location

NONE

* Subject to the provisions of the Community Reinvestment Act