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 04/08/2000

  • 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)(3) Wells Fargo & Company, San Francisco, California, to acquire First Commerce Bancshares, Inc., Lincoln, Nebraska, and thereby indirectly acquire their subsidiaries. *

    Newspaper - 04/30/2000

    Fed Reg - 05/05/2000

    3(a)(3) Wells Fargo & Company, San Francisco, California, to acquire National Bancorp of Alaska, Inc., Anchorage, Alaska, and thereby indirectly acquire their subsidiaries. *

    Newspaper - 05/04/2000

    Fed Reg - 05/10/2000

    3(a)(3) Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan, indirectly through Dai-Ichi Kangyo Fuji Trust & Banking Co., Ltd., Tokyo, Japan, to acquire DKF Trust Company (USA), New York, New York. *

    Newspaper - N/Avail

    Fed Reg - 05/01/2000


    Section III
    Applications Subject to Federal Register Only

    None.

    Section IV
    Applications Not Subject to Federal Register Notice or Newspaper Notice

    Type Application  
    Waiver Bank of the Sierra, Porterville, California, requests waiver of any Bank Holding Company Act application requirement in connection with its acquisition of Sierra National Bank, Tehachapi, California, and to allow one year in which to divest its shares of Pacific Coast Bankers' Bancshares, San Francisco, 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
    678865 Revised from week ending 4/01/2000:
    Bay Area Bank
    900 Veterans Boulevard Redwood City, CA 94063
    (650) 367-1600     		11/01/1999 03/27/2000 S X
    16766 Revised from week ending 4/01/2000:
    Peninsula Bank of Commerce
    1001 Broadway
    Millbrae, CA 94030
    (650) 697-4333     		11/01/1999 03/27/2000 S X
    749569 Revised from week ending 4/01/2000:
    Golden Gate Bank
    344 Pine Street
    San Francisco, CA 94104
    (415) 421-9000     		11/01/1999 03/27/2000 S X

    *Subject to CRA.