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 05/13/2000

  • 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 VI - CRA Examinations Scheduled

    • Section I
    Applications Subject to Newspaper Notice Only

    Type Application Ending date of comment period
    18(c) Santa Barbara Bank & Trust, Santa Barbara, California, to merge with Los Robles Bank, Thousand Oaks, California. *

    Newspaper- 06/07/2000
    Branch M&I Thunderbird Bank, Phoenix, Arizona, to establish a branch office at 1200 North Wilmot Road, Tucson, Arizona. * Newspaper - 05/13/2000
    Branch Sacramento Commercial Bank, Sacramento, California, to establish a branch office at 112 Harding Boulevard, Roseville, California. * Newspaper - 06/02/2000

    Section II
    Applications Subject to Both Newspaper and Federal Register Notice

    Type Application Ending date of comment period
    3(a)(3) Pacific Capital Bancorp, Santa Barbara, California, to acquire San Benito Bank, Hollister, California. *

    Newspaper - 06/07/2000
    F ed Reg - 06/05/2000

    3(a)(5) Pacific Capital Bancorp, Santa Barbara, California, to merge with Los Robles Bancorp, Thousand Oaks, California. * Newspaper - 06/07/2000
    Fed Reg - 06/05/2000
    3(a)(3) Greater Bay Bancorp, Palo Alto, California, to acquire Bank of Santa Clara, Santa Clara, California. * Newspaper - 06/11/2000
    F ed Reg - 06/09/2000

    Section III
    Applications Subject to Federal Register Only

    None.

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

    Type Application  
    Waiver Foothill Independent Bancorp, Glendora, California, to reincorporate in Delaware.  
    S/R California Center Bank, Los Angeles, California, to repurchase shares of its common stock between May 2000 and May 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:

    None.

    Section VI
    CRA Examinations Scheduled for 3rd Quarter of 2000

    Institution Location
    Barnes Banking Company Kaysville, Utah
    CivicBank of Commerce Oakland, California
    Santa Barbara Bank & Trust Santa Barbara, California
    Nevada First Bank Las Vegas, Nevada
    Bank of the Orient San Francisco, California
    El Dorado Bank Tustin, California

    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.