| Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control
Week ending 04/24/1999
None
| Type |
Application |
Ending date of comment period |
| 3(a)(1) |
Bank On It, Inc., Stockton, California, to become a bank holding
company by acquiring Community Bank of San Joaquin (Proposed), Stockton,
California. *
|
Newspaper - 05/11/1999
Fed Reg - 05/17/1999
|
None
| Type |
Application |
Ending date of comment period |
| Waiver |
Banque Nationale de Paris, Paris, France, and BancWest Corporation,
Honolulu, Hawaii, requests a waiver of any Bank Holding Company Act
application requirement in connection with its proposed acquisition
of SierraWest Bancorp and its subsidiary, SierraWest Bank, Truckee,
California, and the subsequent merger of SierraWest Bank with and
into Bank of the West, San Francisco, California. |
|
| 3(a)(5)(C) |
Community Bancorp, Inc., to become a bank holding company by acquiring
Fallbrook National Bank, both of Fallbrook, California.
|
|
| S/R |
Santa Lucia Bank, Atascadero, California, to repurchase up to ten
percent of its outstanding common stock. |
|
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 |
| 36063 |
Bank of Commerce
9918 Hibert Street
San Diego, CA 92196-0489
(619) 536-4505 |
11/02/1998 |
04/23/1999 |
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.
*Subject to CRA.
|
