The Federal Reserve Bank of San Francisco
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Notice of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control

Week ending 11/14/97

  • 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) Urban Bank, Makati City, Philippines, to become a bank holding company by acquiring Redwood Bancorp, San Francisco, California. * Newspaper 11/28/97
    Fed Reg 12/10/97
    3(a)(5) InterWest Bancorp, Inc., Oak Harbor, Washington, to merge with Puget Sound Bancorp, Inc., Port Orchard, Washington. * Newspaper 12/07/97
    Fed Reg N/Avail
    3(a)(3) Eggemeyer Advisory Corp., Castle Creek, L.L.C., and Castle Creek Capital Partners Fund-I, L.P., all of San Diego, California, to acquire up to 24.9 percent of Regency Bancorp, Fresno, California. * Newspaper 12/11/97
    Fed Reg N/Avail

    Section III
    Applications Subject to Federal Register Only

    Type Application Ending date of comment period
    4(c)(8) First Security Corporation, Salt Lake City, Utah, to engage in underwriting and dealing in certain "bank eligible" and "bank ineligible" securities, other securities related activities, and activities incidental thereto through the establishment of a Section 20 broker dealer subisidiary, First Security Capital Markets, Inc., Salt Lake City, Utah. Fed Reg N/Avail
    4(c)(8) Eggemeyer Advisory Corp., Castle Creek, L.L.C., and Castle Creek Capital Partners Fund-I, L.P., all of San Diego, California, to engage in certain nonbanking activities through the acquisition of Regency Investment Advisors, Inc., Fresno, California. Fed Reg N/Avail

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

    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:

    None

    Section VI

    CRA examinations scheduled Quarter of First Quarter of 1998
    Institution Location
    Bank of Coronado Coronado, CA
    Bank of Ephraim Ephraim, UT
    Bank of Lake County Lakeport, CA
    Cache Valley Bank Logan, UT
    California Center Bank Los Angeles, CA
    Capital Bank of North County Carlsbad, CA
    Community First Bank Prineville, OR
    Cuyamaca Bank Santee, CA
    Farmers and Merchants Bank of Central California Lodi, CA
    Farmers and Merchants Bank of Long Beach Long Beach, CA
    First American Bank Rosemead, CA
    Foothill Independent Bank Glendora, CA
    Harris Trust Bank of Arizona Scottsdale, AZ
    Humboldt Bank Eureka, CA
    Idaho Banking Company Boise, ID
    Mid-Peninsula Bank Palo Alto, CA
    North County Bank Escondido, CA
    San Benito Bank Hollister, CA
    Westamerica Bank San Rafael, CA

    Footnotes: The above data are being provided for your information should you wish to share comments with this Reserve Bank regarding the CRA performance of a scheduled bank's examination. Examinations may have to be rescheduled during the calendar quarter in which they are designated to begin. If an institution's examination is rescheduled for a date later than the end of the date range reflected in a published schedule, the institution's name will be republished in an appropriate later listing. Any comments received as a result of either the first publication or subsequent publications will be considered during the examination. Written comments should be directed to W. Gordon Smith at the Federal Reserve Bank of San Francisco, Division of Banking Supervision and Regulation (MS620), 101 Market Street, San Francisco, CA 94105.

    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.