| Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control
Week ending 06/17/2000
| Type |
Application |
Ending date of comment period |
| 18(c) |
Westamerica Bank, San Rafael, California, to merge with Bank of
Lake County, Lakeport, California. * |
Newspaper - 07/14/2000
|
None.
| Type |
Application |
Ending date of comment period |
| 4(c)(8) |
CB Bancshares, Inc., to acquire Citibank Properties,
Inc., both of Honolulu,, Hawaii, and thereby engage in holding and
acquiring commercial and residential mortgage loans and mortgage-backed
securities. |
Fed Reg - 07/05/2000 |
| Type |
Application |
|
| 3(a)(5)(C) |
Central Valley Bancorp to become a bank holding company
by acquiring Modesto Commerce Bank, both of Modesto, California. |
|
| FIRREA |
Steven M. Coffey, Las Vegas, Nevada, to become a director
of Business Bank of Nevada, Las Vegas, Nevada. |
|
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 |
| 10577 |
Pacific State Bank
1975 Winchester Avenue
Reedsport, Oregon 97467-1149
(541) 271-2176 |
01/18/2000 |
06/13/2000 |
O |
X |
| 2735762 |
Oregon State Bank
415 NW 3rd Street
Corvalis, Oregon 97330
(541) 752-0474 |
01/18/2000 |
06/13/2000 |
S |
X |
| 2697619 |
McKenzie State Bank
251 Main Street
Springfield, Oregon 97478
(541) 726-6100 |
01/18/2000 |
06/13/2000 |
S |
X |
| 2670818 |
Family Security Bank
6271 Highway 101
South Harbor, Oregon 97415
(541) 469-5335
|
01/18/2000 |
06/13/2000 |
S |
X |
Section VI - CRA Examinations Scheduled
None.
*Subject to CRA.
|
