| Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control
Week ending 11/13/1999
None.
| Type |
Application |
Ending date of comment period |
| 3(a)(3) |
Wells Fargo & Company, San Francisco, California, to acquire North
County Bancorp and its subsidiary, North County Bank, both of Escondido,
California. * |
Newspaper -
12/01/1999
Fed Reg -
12/10/1999 |
| 3(a)(1) |
SouthwestUSA Corporation to become a bank holding company by acquiring
Southwest USA Bank, both of Las Vegas, Nevada.. * |
Newspaper -
N/Avail
Fed Reg -
N/Aval |
None.
| Type |
Application |
Ending date of comment period |
| 4(c)(8) |
Eggemeyer Advisory Corp., WJR Corp., Castle Creek Capital, LLC,
Castle Creek Capital Partners Fund-I, L.P., Castle Creek Capital Partners
Fund-IIa, L.P., and Castle Creek Capital Partners Fund-IIb, L.P.,
all of Rancho Santa Fe, California, to engage in nonbanking activities
through the acquisition of approximately 14.98 percent, on an aggregate
basis, of Union Acceptance Corporation, Indianapolis, Indiana. |
|
| Waiver |
GBC Bancorp, Los Angeles, California, requests a waiver of any Bank
Holding Company Act application requirement in connection with the
proposed acquisition of General Savings Bank of Washington (In Organization),
Bellevue, Washington. |
|
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.
Section VI
CRA Examinations Scheduled for 1st Quarter of 2000
| Institution |
Location |
| Bank of Lake County |
Lakeport, CA |
| County Bank of Merced |
Merced, CA |
| CalWest Bank |
Downey, CA |
| Family Security Bank |
Harbor, OR |
| Farmers & Merchants Bank |
Lodi, CA |
| Foothill Independent Bank |
Glendora, CA |
| Idaho Banking Company |
Boise, ID |
| Lincoln Security Bank |
Newport, OR |
| McKenzie State Bank |
Springfield, OR |
| Oregon Pacific Banking Company |
Florence, OR |
| Oregon State Bank |
Corvalis, OR |
| Pacific Mercantile Bank |
Newport Beach, CA |
| Pacific State Bank |
Reedsport, OR |
| Security Bank |
Coos Bay, OR |
| Utah Independent Bank |
Salina, UT |
| Valley Independent Bank |
El Centro, CA |
| Westamerica Bank |
Fairfield, CA |
The inclusion on the list of institutions that are scheduled to undergo
CRA examinations in the next calendar quarter is not determinative of
whether the institution will be examined in that quarter. Reserve Banks
may need to defer a planned examination or conduct an unforeseen examination
because of scheduling difficulties or other circumstances.
*Subject to CRA.
|
