12th District
Applications and Notifications
Week ending 11/21/97
None
| Type |
Application |
Ending date of comment period |
| 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 12/15/97 |
| 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 12/15/97 |
| * Subject to the provisions of the
Community Reinvestment Act. |
| 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 12/09/97 |
| 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 12/15/97 |
| Type |
Application |
Ending date of comment period |
| S/R |
Southern California Bank, Anaheim, California,
to distribute approximately $15 million from retained earnings to
Western Bancorp, Laguna Niguel, California. |
None |
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
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.
|
