| Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control
Week ending 10/23/1999
None
| Type |
Application |
Ending date of comment period |
| 3(a)(1) |
FNB Bancorp, Layton, Utah, to become a bank holding company by acquiring
The First National Bank of Layton, Layton, Utah.* |
Newspaper -
N/Avail
Fed Reg -
11/22/1999 |
| CIC |
Imperial Credit Industries, Inc., Torrance, California, to acquire
approximately 14.7 percent of Bay View Capital Corporation, San Mateo,
California.* |
Newspaper -
N/Avail
Fed Reg -
11/12/1999 |
| CIC |
Steven A. Petterson, San Luis Obispo, California, to retroactively
acquire 20.04 percent of First Bancshares, Inc., San Luis Obispo,
California.* |
Newspaper -
N/Avail
Fed Reg -
N/Avail |
None.
| Type |
Application |
Ending date of comment period |
| Member |
Business Bank of Nevada, Las Vegas, Nevada, to become a member of
the Federal Reserve System. |
|
| 3(a)(5)(C) |
Business Bancorp, San Bernardino, California, to become a bank holding
company by acquiring Business Bank of California, San Bernardino,
California. |
|
| Waiver |
SJNB Financial Corp., San Jose, California, requests for waiver
of any Bank Holding Company Act application requirement in connection
with the merger with Saratoga Bancorp and the subsequent merger of
Saratoga National Bank with and into San Jose National Bank. |
|
| Waiver |
East West Bancorp, San Marino, California, requests for waiver of
any Bank Holding Company Act application requirement in connection
with the proposed acquisition of America International Bank, Los Angeles,
California, which will be merged into East-West, San Marino, California. |
|
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 |
| 738367 |
Bank of Orange County
10101 Slater Avenue
P.O. Box 8707
Fountain Valley,
CA 92728-8707
(714) 964-6607 |
06/14/1999 |
10/19/1999 |
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.
|
