No. 97-18

Week ending 5/2/97

This bulletin identifies final domestic applications filed in the Twelfth Federal Reserve District during the week ended May 2, 1997. 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.

Section I - Applications Subject to Newspaper Notice Only

Application

Eldorado Bank, Irvine, CA, to merge with: Liberty National Bank, Huntington Beach, CA; Commerce Security Bank, Sacramento, CA; and San Dieguito National Bank, Encinitas, CA.*

Comment Period Ending Date

Newspaper: 5/24/97

Application

Security State Corporation, to become a bank holding company by acquiring Security State Bank, both of Centralia, CA.

Comment Period Ending Date

Newspaper: Not available

Section II - Applications Subject to Both Newspaper and Federal Register Notice

Application

Imperial Bancorp, Inglewood, California, to acquire Imperial Bank of Arizona, Phoenix, AZ.*

Comment Period Ending Date

Newspaper: 5/23/97; Fed. Reg.: 5/01/97

Application

First Security Corporation, Salt Lake City, Utah, to acquire by merger American Bancorp of Nevada, Las Vegas, NV.*

Comment Period Ending Date

Newspaper: 5/22/97; Fed. Reg.: 5/27/97

Application

Clifford R. Ronnenberg, Sunset Beach, California, to increase his ownership up to 27.8 percent of Security First Bank, Fullerton, CA.*

Comment Period Ending Date

Newspaper: Not available; Fed. Reg.: 5/27/97

Section III -Applications Subject to Federal Register Only

Application

None

Comment Period Ending Date

Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice (Cont'd.)

Application

None.

Section V - Availability of CRA Public Evaluations

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.

Institution

Cuyamaca Bank

Location

9955 Mission Gorge Rd.
Santee, CA 92071-3841

(619) 562-6400

Examination Date

1/06/97

Rating**

Satisfactory

Institution

Western Security Bank

Location

7401 E Camelback Rd.
Scottsdale, AZ 85251-3508

(602) 947-9888

Examination Date

1/06/97

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.