The Federal Reserve Bank of San Francisco
Home Careers Fed Links Subscriptions
Banking Information
Notice of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control

Week ending 12/16/2000

  • 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

    California Center Bank, Los Angeles, California, to establish three branch offices located at: 2742 West Sepulveda Boulevard, Torrance, California; 17127 Pioneer Boulevard, Artesia, California; and 3435 Wilshire Boulevard, Los Angeles, California. *

    Newspaper – 11/30/2000

    Branch

    Bank of the Orient, San Francisco, California to establish a branch office at 18605 East Gale Avenue, City of Industry, California. *

    Newspaper – 12/28/2000

    * Subject to the provisions of the Community Reinvestment Act
    Newspaper - Newspaper Comment Period Ending Date



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


    Type


    Application

    Ending date of
    comment period

    CIC

    Louis Charles McMurray, Madera, California, to acquire additional shares of Central Valley Community Bancorp, Clovis, California. *

    Newspaper – N/Avail

    Fed Reg – 01/05/2001

    * Subject to the provisions of the Community Reinvestment Act
    Fed Reg - Federal Register Comment Period Ending Date
    Newspaper - Newspaper Comment Period Ending Date
    N/Avail - Not Available (Not yet available; Not available at this time)

     


    Section III - Applications Subject to Federal Register Only


    Type


    Application

    Ending date of
    comment period

    4(c)(8)

    City National Corporation, Beverly Hills, California, to acquire Reed, Conner & Birdwell, Inc., Los Angeles, California, and thereby engage in acting as investment and financial advisor, and providing administrative services to mutual funds.

    Fed Reg – 01/05/2001

    Fed Reg - Federal Register Comment Period Ending Date

     


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

    Type

    Application

    Member

    Bank of Los Altos, Los Altos, California to become a member of the Federal Reserve System.

     

    4(c)(8)

    Wells Fargo & Company, San Francisco, California, together with Wells Fargo Financial Services, Inc., and Wells Fargo Financial, Inc., Des Moines Iowa, to acquire Conseco Finance Vendor Services Corporation, Paramus, New Jersey.

     

    COM

    Community Bancorporation, Pleasant Grove, Utah, request for relief of commitment not to incur debt in excess of $500,000, without prior approval from the Reserve Bank.

     


    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:

    None.


    Section VI - CRA Examinations Scheduled 1st Quarter of 2001

    Institution

    Location

    None.


    *Subject to CRA.