| Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control
Week ending 06/10/2000
| Type |
Application |
Ending date of comment period |
| Branch |
First State Bank, Flagstaff, Arizona, to establish a branch office
at 3150 N. Winding Brook Road, Flagstaff, Arizona. * |
Newspaper - 05/07/2000
|
| Branch |
County Bank, Merced, California, to establish a branch office at
1330 East Shaw Avenue, Fresno, California. * |
Newspaper - 06/22/2000 |
| Branch |
Pacific State Bank, Reedsport, Oregon, to establish a branch office
at 200 South 8th Street, Lakeside, Oregon. * |
Newspaper - 06/22/2000 |
| Type |
Application |
Ending date of comment period |
| CIC |
Thomas W. Healy, Olympia; Ned D. Williams, Gig Harbor; Ronald W.
Pemberton, Lakewood; James D. Marchetti, Gig Harbor; Charles H. Kester,
Bellevue; Robert H. Pearson, Gig Harbor; Carole J. Aztell, Puyallup;
and Timothy A. Williams, Tacoma; all of the State of Washington, to
acquire voting shares of Pierce County Bancorp, and thereby indirectly
acquire voting shares of Pierce Commercial Bank, both of Tacoma, Washington.
* |
Newspaper - 06/30/2000 Fed Reg - 06/27/2000
|
| Type |
Application |
Ending date of comment period |
| 4(c)(8) |
Pierce County Bancorp, Tacoma, Washington, to acquire
Olympic Equities Corporation, Puyallup, Washington, and thereby engage
in making residential and construction loans and other related activities
related to the extension of credit. |
Fed Reg - 06/27/2000 |
| Type |
Application |
|
| Member |
Solano Bank (In Organization), Vacaville, California,
to become a member of the Federal Reserve System. |
|
| 211.5(c)(3) |
Zions Bancorporation, Salt Lake City, Utah, to acquire
up to 20 percent of Garban-Intercapital plc, London, England, and
thereby indirectly acquire in brokerage activities. |
|
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 |
| 191663 |
County Bank
550 Main Street
P.O. Box 1191
Merced, California 95341-1191
(209) 725-2200 |
01/30/2000 |
06/09/2000 |
S |
X |
Section VI - CRA Examinations Scheduled
None.
*Subject to CRA.
|
