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

Week ending 10/02/1999

  • 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

    None

    Section II
    Applications Subject to Both Newspaper and Federal Register Notice

    Type Application Ending date of comment period
    3(a)(5) VIB Corp., El Centro, California, to merge with Kings River Bancorp, and thereby indirectly acquire its subsidiary, Kings River State Bank, both of Reedley, California. * Newspaper -
    N/Avail
    Fed Reg -
    11/01/1999

    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 Crest Capital, Inc., to become a bank holding company by acquiring Pacific Crest Bank, both of Augora Hills, California.  
    3(a)(5)(C) Intermountain First Bancorp to become a bank holding company by acquiring Nevada First Bank, both of Las Vegas, Nevada.  
    4(c)(8) Wells Fargo & Company, San Francisco, California, to acquire Allied Leasing Company, Burnsville, Minnesota.  
    S/R Westamerica Bank, San Rafael, California, to pay a dividend of $40 million to its parent, Westamerica Bancorporation, San Rafael, California.  

    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     Sm Bk
    843270 Community First Bank 555 W. Third Street P.O. Box 447 Prineville, OR 97754-1838
    (541) 447-6242     		06/01/1999 09/28/1999 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.