| Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control
Week ending 05/20/2000
| Type |
Application |
Ending date of comment period |
| FBSEA |
Banque Nationale de Paris, Paris, France, to establish branch offices
in Chicago, Illinois, New York, New York, and Los Angeles, California;
an agency in Houston, Texas; and representative offices in Atlanta,
Georgia, Dallas, Texas, and San Francisco, California. |
Newspaper - 05/13/2000
|
None.
| Type |
Application |
Ending date of comment period |
| 4(c)(8) |
Silicon Valley Bancshares, Santa Clara, California, to engage in
acting as an investment or financial advisor, directly, or through
one or more subsidiaries or affiliates, by forming a joint venture
with SVB Strategic Investors Fund, LP, Santa Clara, California. |
Fed Reg - N/Avail
|
| Type |
Application |
|
| Member |
1st Pacific Bank of California (In Organization), San
Diego, California, to become a member of the Federal Reserve System. |
|
| Member |
Heritage Bank South Valley, Morgan Hill, California,
to become a member of the Federal Reserve System. |
|
| Member |
Heritage Bank East Bay, Fremont, 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:
RSSD
number |
Institution/Location |
Examination
date |
CRA
public date |
CRA
rating |
Exam type
Lrg Bk Sm Bk |
| 814261 |
Cal West Bank
23550 Hawthorne Blvd., Suite 100
Torrance, CA 90505
(562) 862-2311 |
01/18/2000 |
05/15/2000 |
S |
X |
Section VI - CRA Examinations Scheduled
None.
*Subject to CRA.
|
