The Federal Reserve Bank of San Francisco
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Notice of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control

Week ending September 16, 2000

  • Section I - Applications Subject to Newspaper Notice Only
  • Section II - Applications Subject to Both Newspaper and Federal Register Notice
  • Section III - Applications Subject to Federal Register Only
  • Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice
  • Section V - Availability of CRA Public Evaluations
  • Section VI - CRA Examinations Scheduled

    • Section I - Applications Subject to Newspaper Notice Only

    Type Application Ending date of comment period
    Branch Oak Valley Community Bank, Oakdale, California, to establish a branch office at 166 Main Street, Bridgeport, California. * Newspaper - 09/15/2000

    Section II - Applications Subject to Both Newspaper and Federal Register Notice

    Type Application Ending date of comment period
    3(a)(1) Innovative Bancorp, Calabasas, California, to become a bank holding company by acquiring Bank of Oakland, Oakland, California. * Newspaper - 10/10/2000
    Fed Reg - 10/06/2000
    * Subject to the provisions of the Community Reinvestment Act Fed Reg - Federal Register Comment Period Ending Date Newspaper - Newspaper Comment Period Ending Date

    Section III - Applications Subject to Federal Register Only

    Type Application Ending date of comment period
    4(c)(8) Humboldt Bancorp, Eureka, California, to acquire convertible preferred shares of Central Pacific Mortgage Company, Folsom, California. Fed Reg - 09/29/2000
    4(c)(8) Greater Bay Bancorp, Palo Alto, California, to acquire The Matsco Companies, Inc., Emeryville, California, and thereby engage directly and indirectly in nonbanking activities by merging Matsco into Cupertino National Bank, Cupertino, California. Fed Reg - N/Avail
    Fed Reg - Federal Register Comment Period Ending Date N/Avail - Not Available (Not yet available; Not available at this time)

    Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice

    Type Application Ending date of comment period
    Member Bank of Santa Clara, Santa Clara, California, to become a member of the Federal Reserve System.  

    Section V - Publicly Available CRA Evaluations

    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
    2661898 Pacific Liberty Bank 19950 Beach Boulevard Huntington Beach, CA 92648 (714) 429-2100 05/15/2000 09/06/2000  

    Section VI - CRA Examinations Scheduled

    None.

    *Subject to CRA.