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Notice of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control

Week ending 10/10/97

  • Section I - Applications Subject to Newspaper Notice Only
  • Section II - Applications Subject to Both Newspaper and Federal Register Notice
  • Section III - Applications Subject to Federal Register Only
  • Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice
  • Section V - Availability of CRA Public Evaluations
  • Section VI - CRA examinations scheduled

    • Section I
    Applications Subject to Newspaper Notice Only

    None

    Section II
    Applications Subject to Both Newspaper and Federal Register Notice

    Type Application Ending date of comment period
    3(a)(1) Heritage Financial Corporation to become a bank holding company by acquiring Heritage Savings Bank, both of Olympia, Washington. *

    Newspaper 10/29/97

    Fed Reg 10/31/97
    3(a)(3) Greater Bay Bancorp, Palo Alto, California, to acquire Peninsula Bank of Commerce, Millbrae, California. *

    Newspaper 11/06/97

    Fed Reg 10/31/97
    CIC Ronald B. Douglass, Medina, Washington, to increase his ownership up to 24.9 percent of Washington Commercial Bancorp, Redmond, Washington. *

    Newspaper 10/22/97

    Fed Reg 10/29/97
    CIC Wendell Allen Jacobson, Fountain Green, Utah, to increase his ownership to 25.24 percent of Bank of Ephraim, Ephraim, Utah. *

    Newspaper N/Avail


    Fed Reg N/Avail
    3(a)(5) City National Corporation, Beverly Hills, California, to acquire Harbor Bancorp, Long Beach, California. *

    Newspaper 11/06/97

    Fed Reg 11/07/97

    Section III
    Applications Subject to Federal Register Only

    None

    Section IV
    Applications Not Subject to Federal Register Notice or Newspaper Notice

    Type Application Ending date of comment period
    3(a)(5)(C) Roseville 1st Community Bancorp, to become a bank holding company by acquiring Roseville First National Bank, both of Roseville, California. None
    COM Zubair and Khatija Kazi and Yahia and Magda Abdul-Rahman, Studio City, California, requests a relief of commitments in connection with their Change in Bank Control Notice to acquire Greater Pacific Bancshares, Whittier, California. None

    Section V
    Publicly available CRA 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.

    The federal bank regulators use the following four performance levels to rate an institution's performance under CRA:

    Outstanding
    Satisfactory
    Needs to improve
    Substantial noncompliance

    The following state member banks have been examined and their CRA public evaluations are now available:


    RSSD
    number
    Institution Location
    Examination
    date
    CRA
    public date
    CRA
    rating    		 Exam type
    Large bank Small bank
    02866

    Silicon Valley Bank
    3003 Tasman Drive
    Santa Clara, CA 95054

    (408) 654-7400    		 6/02/97 10/06/97 Satisfactory

    X

    Section VI
    CRA examinations scheduled

    None

    The above listing has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or omissions.

    *Subject to CRA.