| Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control
Week ending 10/14/2000
| Type |
Application |
Ending date of comment period |
| None |
|
|
| Type |
Application |
Ending date of comment period |
| None |
|
|
| Type |
Application |
Ending date of comment period |
| |
|
|
| Type |
Application |
Ending date of comment period |
| 3(a)(5)(C) |
Prime Pacific Financial Services, Inc., to become a
bank holding company by acquiring Prime Pacific Bank, N.A., both of
Lynwood, Washington. |
|
| 3(a)(5)(C) |
Mission Community Bancorp, to become a bank holding
company by acquiring Mission Community Bank, both of San Luis Obispo,
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 |
| 1162017 |
United Security Bank 1525 East Shaw Avenue Fresno, CA
93710 (559) 225-0101 |
06/05/2000 |
10/03/2000 |
S |
X |
| The above listing has been prepared as a courtesy by the Federal
Reserve Bank of San Francisco, and is not intended to replace formal
notices required by statute or regulation; the Reserve Bank assumes
no responsibility for errors or omissions. |
.
Section VI - CRA Examinations Scheduled
None.
*Subject to CRA.
|
