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 02/13/1999

  • 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 for 2nd Quarter of 1999

    • 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)(3) Eggemeyer Advisory Corp., WJR Corp., and Castle Creek Capital, LLC, Rancho Santa Fe, California, to indirectly acquire up to 25 percent of State National Bancshares, Inc., Lubbock, Texas; and Castle Creek Capital Partners Fund IIa, L.P., and Castle Creek Capital Partners Fund IIb, L.P., Rancho Santa Fe, California, to indirectly acquire up to 12 percent of State National Bancshares, Inc., Lubbock, Texas. * Newspaper - N/Avail
    Fed Reg - 03/07/1999
    3(a)(3)

    Eggemeyer Advisory Corp., WJR Corp., Castle Creek Capital, LLC, Castle Creek Capital Partners Fund-I, L.P., Castle Creek Capital Partners Fund IIa, L.P., and Castle Creek Capital Partners Fund IIb, L.P., all of Rancho Santa Fe, California, to acquire more than 5 percent of Valley Bancorp, Inc., El Paso, Texas. *

    Newspaper - N/Avail
    Fed Reg - 03/07/1999

     

    Section III
    Applications Subject to Federal Register Only

    None

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

    Type Application Ending date of comment period
    3(a)(5)(C) Pacific Financial Corporation to become a bank holding company by acquiring Bank of the Pacific, both of Long Beach, Washington.  
    Member

    The Bank of Orange County, Fountain Valley, California, to become a member of the Federal Reserve System.

     

    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:

    O = Outstanding
    S = Satisfactory
    NI = Needs to improve
    SN = Substantial noncompliance

    The following state member banks have been examined and their CRA public evaluations are now available:

    RSSD
    number
    Institution/Location    		 Examination
    date    		 CRA
    public date    		 CRA
    rating    		 Exam type
    Lrg Bk     SmBk
    995076 Cache Valley Bank
    101 North Main Street
    P.O. Box 3227
    Logan, UT 84323-3227
    (435) 753-3020    		 10/13/1998 02/05/1999 S

    X    

    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.

    Section VI
    CRA Examinations Scheduled for 2nd Quarter of 1999

    Institution Location
    American Pacific State Bank Sherman Oaks, CA
    Bank of Coronado Coronado, CA
    Community First Bank Prineville, OR
    Desert Community Bank Victorville, CA
    First American Bank Rosemead, CA
    Harris Bank and Trust Scottsdale, AZ
    Security First Bank Fullerton, CA
    Silicon Valley Bank Santa Clara, CA
    The Arizona Bank Tucson, AZ
    Valencia Bank Valencia, CA
    Valley Community Bank McMinnville, OR

    The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar quarter is not determinative of whether the institution will be examined in that quarter. Reserve Banks may need to defer a planned examination or conduct an unforeseen examination because of scheduling difficulties or other circumstances.

    *Subject to CRA.