| Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control
Week ending July 15, 2000
| Type |
Application |
Ending date of comment period |
| Branch |
Westamerica Bank, San Rafael, California, to establish
a branch office at 5858 Horton Street, Suite 150, Emeryville, California.
* |
Newspaper - 07/20/2000 |
| Type |
Application |
Ending date of comment period |
| 3(a)(5) |
Wells Fargo & Company, San Francisco, California, to
acquire First Security Corporation, Salt Lake City, Utah, and thereby
indirectly acquire their bank subsidiaries. * |
Newspaper - 07/31/2000
Fed Reg - 08/03/2000 |
| Type |
Application |
Ending date of comment period |
| 4(c)(8) |
Wells Fargo & Company, San Francisco, California, to
acquire First Security Corporation, Salt Lake City, Utah, and thereby
engage in nonbanking subsidiaries. |
Fed Reg - 08/03/2000 |
| Type |
Application |
Ending date of comment period |
| 4(c)(8) |
Wells Fargo & Company to acquire Charter Financial,
Inc., New York, New York. |
|
| 3(a)(5)(C) |
Sonoma Valley Bancorp to become a bank holding company
by acquiring Sonoma Valley Bank, both of Sonoma, California. |
|
| 3(a)(5)(C) |
NCAL Bancorp to become a bank holding company by acquiring
National Bank of California, both of Los Angeles, California. |
|
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 |
| 877369 |
Valley Independent Bank 1498 Main Street El Centro,
California 92243
(760) 352-5000 |
01/22/2000 |
07/11/2000 |
S |
X
|
Section VI - CRA Examinations Scheduled
None.
*Subject to CRA.
|
