Notice
of Formations & Mergers of, & Acquisitions by, BHCs
Week ending 2/03/2001
|
|
|
Type
|
Application
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Ending date of
comment period
|
|
Branch
|
Business Bank of Nevada, Las Vegas, Nevada, to establish a branch
office at 2690 East Sunset Road, Las Vegas, Nevada.*
|
Newspaper – 01/20/2001
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Branches
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Pacific Mercantile Bank, Newport Beach, California, to establish
branch offices at 9720 Wilshire Blvd., Beverly Hills, California;
and at 949 South Coast Drive, Costa Mesa, California.*
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Newspaper – 02/15/2001
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Branch
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Oak Valley Community Bank, Oakdale, California, to establish a
branch office at 170 Mountain Boulevard, Mammoth Lakes, California.*
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Newspaper – 02/02/2001
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* Subject to the provisions of the Community Reinvestment Act
Newspaper - Newspaper Comment Period Ending Date
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|
|
|
Type
|
Application
|
Ending date of
comment period
|
|
none.
|
|
|
|
Type
|
Application
|
Ending date of
comment period
|
|
4(c)(8)
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Mitsubishi Tokyo Financial Group, Inc., and The Bank of Tokyo-Mitsubishi,
Ltd., both of Tokyo, Japan, to engage in nonbanking activities through
the acquisition of Kokusai America Incorporated, New York, New York.
|
Fed Reg – N/Avail
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Fed Reg - Federal Register Comment Period Ending Date
N/Avail - Not Available (Not yet available; Not available at this
time)
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Type
|
Application
|
|
|
COM
|
Eldorado Bancshares, Inc. requests a relief of a commitment in
order to pay a cash dividend in the amount of $807,061, or $.05
per share to all holders of record of common stock and the holders
of certain warrants.
|
|
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Waiver
|
Premier West Bancorp, Medford, Oregon, requests a waiver of any
Bank Holding Company Act application requirement in connection with
their proposed merger with Timberline Bancshares, Inc., and thereby
indirectly acquiring Timberline Community Bank, both of Yreka, California
|
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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 |
= |
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
|
|
LrgBk
|
SmBk
|
|
none
|
|
|
|
|
|
|
|
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Section VI - CRA Examinations
Scheduled 1st Quarter of 2001
None.
*Subject to CRA.
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