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Notice of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control

Week ending 07/17/1999

  • 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 Bank of the Orient, San Francisco, California, to establish a branch office at 500 Broadway Avenue, Millbrae, California. * Newspaper - 07/31/1999

    Section II
    Applications Subject to Both Newspaper and Federal Register Notice

    Type Application Ending date of comment period
    3(a)(5) Greater Bay Bancorp, Palo Alto, California, to merge with Bay Commercial Services, and thereby indirectly acquire Bay Bank of Commerce, both of San Leandro, California. * Newspaper - 07/30/1999
    Fed Reg - 08/05/1999
    3(a)(3) Wells Fargo & Company, San Francisco, California, to acquire Texas Bancshares, Inc., San Antonio, Texas, and thereby indirectly acquire First National Bank of South Texas, and Bank of South Texas. * Newspaper - N/Avail
    Fed Reg - N/Avail
    3(a)(1) Wallowa Bancorp, Joseph, Oregon, to become a bank holding company by acquiring Community Bancshares, Inc., and its wholly-owned subsidiary, Community Bank, both of Joseph, Oregon. * Newspaper - 08/14/1999
    Fed Reg - 08/16/1999
    3(a)(5) Zions Bancorporation, Salt Lake City, Utah, to merge with Regency Bancorp and thereby indirectly acquire Regency Bank, both of Fresno, California. Regency Bank will then be merged into California Bank and Trust, San Diego, California. * Newspaper - N/Avail

    Fed Reg - 08/16/1999

    Section III
    Applications Subject to Federal Register Only

    Type Application Ending date of comment period
    4(c)(8) Wallowa Bancorp, Joseph, Oregon, to engage in title insurance and escrow services through the acquisition of Citizens Title & Escrow Service, Enterprise, Oregon. Fed Reg - 08/16/1999
    4(c)(8) Zions Bancorporation, Salt Lake City, Utah, to engage indirectly in nonbanking activities through the acquisition of Regency Investment Advisors, Inc., Fresno, California. Fed Reg - 08/16/1999
    4(c)(8) Umpqua Holdings Corporation, Roseburg, Oregon, to engage through its wholly-owned subsidiary, South Umpqua Bank, in securities and underwriting through the acquisition of Strand, Atkinson, Williams & York, Inc., Portland, Oregon. Fed Reg - N/Avail

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

    Type Application Ending date of comment period
    3(a)(5)(C) First Mutual Bancshares, Inc., to become a bank holding company by acquiring First Mutual Savings Bank, both of Bellevue, 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:

    RSSD
    number
    Institution/Location    		 Examination
    date    		 CRA
    public date    		 CRA
    rating    		 Exam type
    Lrg Bk     SmBk
    671464

    California Center Bank
    2222 W. Olympic Blvd.
    Los Angeles, CA 90006-2118
    (213) 386-2222

    		03/22/1999 07/15/1999    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.