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 06/12/1999

  • 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 I
    Applications Subject to Newspaper Notice Only

     
    Type Application Ending date of comment period
    Branch

    Sun Country Bank, Victorville, California to establish a branch office at 123 E. Ninth Street, Upland, California.*

    Newspaper - 06/23/1999
    Branch Pacific Mercantile Bank, Newport Beach, California, to establish a branch office at 501 El Camino Real, San Clemente, California.* Newspaper - 07/01/1999
    18(c) Bank of Utah, Ogden, Utah, to merge with First Commerce Bancorp, Inc., and thereby acquire 13 branches of First Commerce Bank, both of Logan, Utah.* Newspaper - 07/12/1999

    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, all of Rancho Santa Fe, California, to indirectly acquire up to 45 percent of State National Bancshares, Inc., Lubbock, Texas.*

    Newspaper - N/Avail
    Fed Reg - 06/21/1999
    3(a)(3) Castle Creek Capital Partners Fund IIa, LP, and Castle Creek Capital Partners Fund II(b), LP, both of Rancho Santa Fe, California,, to directly acquire up to 34.21 percent of State National Bancshares, Inc., Lubbock, Texas.* Newspaper - N/Avail
    Fed Reg - 06/21/1999
    3(a)(3) Belvedere Capital Partners, LLC, California Community Financial Institutions Fund Limited Partnership, and Placer Capital Co., all of San Francisco, California, to acquire Placer Savings Bank, Auburn, California.* Newspaper - 07/09/1999
    Fed Reg - 07/09/1999

    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
    4(c)(8)

    Cowlitz Bancorporation, Longview, Washington, to acquire Independent Financial Network, Inc., Bellevue, Washington, and thereby engage in origination, purchasing, selling, and servicing loans through its wholly-owned subsidiary, Cowlitz Bank, Longview, Washington.

     

    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:

    None

    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.