| Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control
Week ending July 29, 2000
| Type |
Application |
Ending date of comment period |
| Branch |
Foothill Independent Bank, Glendora, California, to
establish a branch office at 27576 Ynez Road, Temecula, California.
* |
Newspaper - 07/20/2000 |
| Type |
Application |
Ending date of comment period |
| 3(a)(3) |
North Valley Bancorp, Redding, California, to acquire
Six Rivers National Bank, Eureka, California. * |
Newspaper - 08/23/2000
Fed Reg - 08/21/2000 |
| Type |
Application |
Ending date of comment period |
| None |
|
|
| Type |
Application |
Ending date of comment period |
| 3(a)(5)(C) |
NWI Financial Corporation, Seattle, Washington, to become
a bank holding company by acquiring Northwest International Bank,
Seattle, Washington. |
|
| Member |
Coast Commercial Bank, Santa Cruz, 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 |
| None |
|
|
|
|
|
Section VI - CRA Examinations Scheduled
None.
*Subject to CRA.
|
