12th District Applications and Notifications
Week ending 08/12/2000
| Type |
Application |
Ending date of comment period |
| 18(c) |
Westamerica Bank, San Rafael, California, to merge with
First Counties Bank, Clearlake, California. * |
Newspaper - 08/29/2000 |
None.
None.
| Type |
Application |
Ending date of comment period |
| S/R |
Oak Valley Community Bank, Oakdale, California, to repurchase
up to five percent of its outstanding shares. |
|
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 |
| 181169 |
Foothill Independent Bank
510 S. Grand Avenue
Glendora, California 91741
(626) 963-8551 |
04/07/2000 |
08/07/2000 |
S |
X
|
Section VI - CRA Examinations Scheduled for the 4th
Quarter of 2000
| Institution |
Location |
| Bank of Santa Clara |
Santa Clara, California |
| Bank of the Orient |
San Francisco, California |
| Eldorado Bank |
Tustin, California |
| First Security Bank |
Las Vegas, Nevada |
The inclusion on the list of institutions that are scheduled to undergo
CRA examinations in the next calendar quarter is not determinative of
whether the institution will be examined in that quarter. Reserve Banks
may need to defer a planned examination or conduct an unforeseen examination
because of scheduling difficulties or other circumstances.
*Subject to CRA.
|
