Notice of Formations & Mergers of, &
Acquisitions by, BHCs; Change in Bank Control
No. 97-37
Week ending 9/12/97
This bulletin identifies final domestic applications filed in the Twelfth
Federal Reserve District during the week ended August 29, 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.
Bank of Casa Grande Valley, Casa Grande, Arizona, to establish a branch
office at 325 W. Alma School Road, Chandler, Arizona. *
Comment Period Ending Date
Newspaper: 10/03/97
CivicBank of Commerce, Oakland, California, to establish a branch office
at 250 Cambridge Avenue, Palo Alto, California. *
Comment Period Ending Date
Newspaper: 10/06/97
Saehan Bancorp, Los Angeles, California, to become a bank holding company
by acquiring Saehan Bank, Los Angeles, California. *
Comment Period Ending Date
Newspaper: 9/15/97 Fed. Reg.: 9/19/97
Belvedere Capital Partners, Inc., San Francisco, California; California
Community Financial Institutions Fund Limited Partnership, San Francisco,
California; and Newco, San Francisco, California; to each become bank
holding companies through the acquisition of 63.2 percent of Security
First Bank, Fullerton, California.*
Comment Period Ending Date
Newspaper: 9/30/97 Fed. Reg.: 9/29/97
National Bancorp of Alaska, Inc., Anchorage, Alaska, to indirectly acquire
9.9 percent of Security First Bank, Fullerton, California.*
Comment Period Ending Date
Newspaper: 9/29/97 Fed. Reg.: 9/29/97
United Security Bancorporation, Spokane, Washington, to merge with Community
BanCorporation, which owns Bank of Pullman, both of Pullman, Washington.
*
Comment Period Ending Date
Newspaper: 9/29/97 Fed. Reg.: 9/29/97
None
BYL Bancorp to become a bank holding company by acquiring Bank of Yorba
Linda, both of Yorba Linda, California.
Commerce Security Bancorp, Inc., Huntington Beach, California, to be
paid a dividend of $800,000, by Eldorado Bank, Tustin, California.
Valley Independent Bank, El Centro, California, to become a member of
the Federal Reserve System.
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.
None
Location
Examination Date
Rating**
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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