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 12/18/1999

  • 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 Farmers & Merchants Bank of Central California, Lodi, California, to establish a branch office at 14137 River Road, Walnut Grove, California. * Newspaper -
    12/08/1999
    Branch Farmers & Merchants Bank of Central California, Lodi, California, to establish a branch office at 3500 Dale Road, Modesto, California * Newspaper -
    12/08/1999

     

    Section II
    Applications Subject to Both Newspaper and Federal Register Notice

    Type Application Ending date of comment period
    3(a)(3) Bank of Whitman Employee Stock Ownership Plan, to increase their ownership up to 44 percent of Whitman Bancorporation, Inc., both of Colfax, Washington. *

    Newspaper -
    01/08/2000

    Fed Reg -
    01/14/2000

    3(a)(3) Banque Nationale de Paris, Paris, France, to acquire up to 45 percent of BancWest Corporation, Honolulu, Hawaii. *

    Newspaper -
    01/10/2000

    Fed Reg -
    01/07/2000

    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
    S/R Millenium Bank, San Francisco, California, to pay a dividend in the amount of $500,000 in 1Q2000, and to pay quarterly dividends in the amount of $100,000 each, in 2000 and 2001.

     

     

    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
    1163171 Hacienda Bank
    361 Town Center
    West Santa Maria, California 93456
    (805) 346-8000     		08/16/1999 12/16/1999 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.