| Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control
Week ending 12/16/2000
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Type
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Application
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Ending date of
comment period
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Branch
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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.
*
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Newspaper – 11/30/2000
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Branch
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Bank of the Orient, San Francisco, California to
establish a branch office at 18605 East Gale Avenue, City of Industry,
California. *
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Newspaper – 12/28/2000
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* Subject to the provisions of the Community Reinvestment
Act
Newspaper - Newspaper Comment Period Ending Date
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Type
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Application
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Ending date of
comment period
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CIC
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Louis Charles McMurray, Madera, California, to acquire
additional shares of Central Valley Community Bancorp, Clovis, California.
*
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Newspaper – N/Avail
Fed Reg – 01/05/2001
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* 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)
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Type
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Application
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Ending date of
comment period
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4(c)(8)
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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.
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Fed Reg – 01/05/2001
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Fed Reg - Federal Register Comment Period Ending
Date
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Type
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Application
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Member
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Bank of Los Altos, Los Altos, California to become
a member of the Federal Reserve System.
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4(c)(8)
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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.
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COM
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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.
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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 |
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Outstanding |
| S |
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Satisfactory |
| NI |
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Needs to improve |
| SN |
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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
None.
*Subject to CRA.
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