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 05/27/2000

  • 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
    Branch Community Bank of Nevada, Las Vegas, Nevada, to establish a branch office at 375 North Stephanie Street, Henderson, Nevada.*

    Newspaper - 06/01/2000

    Section II - Applications Subject to Both Newspaper and Federal Register Notice

    Type Application Ending date of comment period
    3(a)(3) North Bay Bancorp, Napa, California, to acquire Solano Bank (In Organization), Vacaville, California.*

    Newspaper - 06/16/2000
    Fed Reg - 06/26/2000


    Section III - Applications Subject to Federal Register Only

    Type Application Ending date of comment period
    4(c)(8) Silicon Valley Bancshares, Inc., Santa Clara, California, to engage directly, or indirectly, in acting as investment or financial advisor through its subsidiary, SVB Strategic Investors Fund, L.P., Santa Clara, California.

    06/14/2000

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

    Type Application  
    Waiver Business Bank of California, San Bernardino, California, requests a waiver of any Bank Holding Company Act application requirement in connection with its proposed merger with Valley Merchants Bank, N.A., Hemet, 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:

    None.

    Section VI - CRA Examinations Scheduled

    None.

    *Subject to CRA.