The Board has reviewed the examination records of FFBT and Chrisman, including assessments of their management, risk-management systems, and operations.
FFBT and Chrisman are considered to be well managed.
The Board also has considered FFBT's plans for implementing the proposal.
Based on all the facts of record, including FFBT's supervisory record, managerial and operational resources, and plans for operating the combined institution after consummation, the Board has concluded that considerations relating to the financial and managerial resources and future prospects of FFBT, as well as the records of effectiveness of FFBT and Chrisman in combatting money-laundering activities, are consistent with approval.
The Board has considered all the facts of record, including reports of examination of the CRA performance of FFBT and Chrisman, information provided by FFBT, and confidential supervisory information.
CRA Performance of FFBT. FFBT received an overall rating of "satisfactory" at its most recent CRA performance examination by the Federal Reserve Bank of Chicago ("Reserve Bank"), in February 2012 ("FFBT Evaluation").
In evaluating the Lending Test, examiners found that a substantial majority of FFBT's HMDA-reportable, small business, and small farm loans were within the bank's assessment areas.
In evaluating the Community Development Test, examiners noted that FFBT's level of community development lending demonstrated adequate responsiveness to the needs of its assessment areas.
FFBT represents that the proposed transaction would provide Chrisman's customers with access to a broader network of branches and ATMs, enhanced products and services, and expanded financial resources and lending capacity.
The Board has considered all the facts of record, including reports of examination and the CRA records of the institutions involved, information provided by FFBT, and confidential supervisory information.
After consummation of the proposed transaction, FFBT would have approximately $1.5 billion in consolidated assets and would not be likely to pose systemic risks.
FFBT has applied under section 9 of the FRA to establish a branch at the current location of Chrisman, (31) and the Board has considered the factors it is required to consider when reviewing an application under that section.