| Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control
Week ending 01/22/2000
None.
| Type |
Application |
Ending date of comment period |
| 3(a)(1) |
First Community Bancorp, Rancho Santa Fe, California, to become
a bank holding company by acquiring Rancho Santa Fe National Bank,
Rancho Santa Fe, California, and First Community Bank of the Desert,
Indian Wells, California. * |
Newspaper -
02/16/2000
Fed Reg -
02/17/2000 |
| 3(a)(3) |
Eggemeyer Advisory Corp., WJR Corp., Castle Creek Capital, LLC,
Castle Creek Capital Partners Fund-I, LP, Castle Creek Capital Partners
Fund-IIa, LP, and Castle Creek Capital Partners Fund-IIb, LP, to acquire
up to 35 percent of First Community Bancorp, all of Rancho Santa Fe,
California. * |
Newspaper -
02/16/2000
Fed Reg -
02/17/2000 |
| 3(a)(3) |
Wells Fargo & Company, San Francisco, California, to acquire Napa
National Bancorp, Napa, California, and thereby indirectly acquire
their wholly-owned subsidiaries. * |
Newspaper -
02/18/2000
Fed Reg -
N/Avail |
| Type |
Application |
Ending date of comment period |
| 4(c)(8) |
Wells Fargo & Company, San Francisco, California, to acquire Ragen
MacKenzie Group, Inc., Seattle, Washington, and thereby engage in
section 20 activities. |
Fed Reg -
02/07/2000 |
| Type |
Application |
Ending date of comment period |
| Member |
Heritage Bank of Commerce, San Jose, California, to become a member
of the Federal Reserve System. |
|
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.
*Subject to CRA.
|
