Notice of Formations & Mergers of, &
Acquisitions by, BHCs; Change in Bank Control
No. 96-34
This bulletin identifies final domestic applications filed in the Twelfth
Federal Reserve District during the week ended August 23, 1996. The
bulletin is published weekly as a courtesy of the Federal Reserve and
does not constitute notice of these applications. The bulletin also
contains a list (Section V) of those state-member banks which have been
examined for CRA (Community Reinvestment Act) and whose public disclosure
assessment is now available.
Members of the public may comment on an application; however, comments
must be received by the Federal Reserve on or before the last
day of the comment period. The comment period ends no earlier than the
date specified in the newspaper notice and, in the case of change in
control notices and bank holding company applications for which a Federal
Register notice is published, may end later than that date. If
you have any questions concerning procedures that should be followed
in commenting on an application, you may contact Patricia Marshall at
the Federal Reserve Bank of San Francisco at 101 Market Street, San
Francisco, California 94105, or by telephone at 415-974-2963.
If you cannot submit your comments by the end of the period, you may
request an extension of time by contacting the Secretary of the Federal
Reserve Board, Washington, D.C. 20551. Your request for an extension
of time must be made no later than the last day of the comment period
and should explain why you are unable to submit your comments on time.
You will find more information on how to request additional time in
the Code of Federal Regulations ("CFR") at 12 CFR Section
262.25(B), 49 Federal Register 5603 (February 14, 1984).
In addition to submitting written materials, you may request that a
public meeting or hearing, or both, be held on an application. You should
indicate the matters that you intend to discuss at such a proceeding
and explain why you could not provide these comments in writing. The
Federal Reserve may request that you attend a private meeting or provide
additional information prior to making a determination on your request
for a public meeting or hearing. For further information on the Board's
policy concerning the holding of public meetings, please see the Board's
Policy Statement for the Handling of Protested Applications found at
12 CFR Section 262.25(C) and (D). The procedure for requesting a hearing
can be found at 12 CFR Section 262.3(e).
You may also wish to consult the Board's Policy Statement for the Handling
of Protested Applications, found at 12 CFR Section 262.25.
U.S. Bank of Idaho, Boise, Idaho, to establish branch offices at the
Albertson's stores located at 715 12th Avenue South, Nampa; 250 S. Eagle
Road, Eagle; and 3301 W. Cherry Lane, Meridian, Idaho. *
Comment Period Ending Date
Newspaper: 9/11/96
Mid-Peninsula Bancorp, Palo Alto, California, to merge with Cupertino
National Bancorp, Cupertino, California. *
Comment Period Ending Date
Newspaper: 9/21/96; Fed. Reg.: 9/23/96
Centennial Holdings, Ltd., Olympia, Washington, to engage in the activity
of arranging commercial real estate equity financing through Totten,
Inc., Olympia, Washington.
Comment Period Ending Date
Fed. Reg.: 9/10/96
Community Bank of Nevada, Las Vegas, Nevada, to increase its investment
up to an additional $20,000 in bank premises.
The CRA public evaluations of the institution(s) below became available
during this week. Information about a particular institution's CRA evaluation
may be obtained directly from the institution.
Liberty Bank
Location
500 Linden Avenue
P.O. Box 431
South San Francisco, CA 94083-0431
(415) 871-2400
Examination Date
4/22/96
Rating**
Needs to Improve
Bank of Ephraim
Location
2 N. Main Street
P.O. Box 705
Ephraim, UT 84627-0705
(801) 283-4621
Examination Date
4/29/96
Rating**
Satisfactory
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.
**Under the rating system an institution's CRA performance is assigned
one of the following four ratings:
- Outstanding record of meeting community credit needs: An institution
has an outstanding record of, and is a leader in, ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
- Satisfactory record of meeting community credit needs: An institution
has a satisfactory record of ascertaining and meeting the credit needs
of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
- Needs to improve record of meeting community credit needs: An institution
needs to improve its overall record of ascertaining and helping to
meet the credit needs of its entire delineated community, including
low- to moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
- Substantial noncompliance in meeting community credit needs: An
institution has a substantially deficient record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- to moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
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