Notice
of Formations & Mergers of, & Acquisitions by, BHCs
Week ending 2/10/2001
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Type
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Application
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Ending date of
comment period
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None.
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Type
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Application
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Ending date of
comment period
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3(a)(3)
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Centennial First Financial Services, Inc., Redlands, California,
to acquire Palomar Community Bank, Escondido, California.*
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Newspaper N/Avail
Fed Reg N/Avail
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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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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.
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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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None.
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:
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RSSD
number
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Institution/Location
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Examination
date
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CRA
public date
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CRA
rating
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Exam type
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LrgBk
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SmBk
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none
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Section VI - CRA Examinations
Scheduled 1st Quarter of 2001
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Institution
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Location
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Bank of Utah
Desert Community Bank
First Utah Bank
Heritage Bank of Commerce
Heritage Bank South Valley
Oak Valley Community Bank
Placer Sierra Bank
Silicon Valley Bank
Solano Bank
Utah Independent Bank
|
Ogden, UT
Victorville, CA
Salt Lake City, UT
San Jose, CA
Morgan Hill, CA
Oakdale, CA
Auburn, CA
Santa Clara, CA
Vacaville, CA
Salina, UT
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The inclusion on the list of institutions that are scheduled to
undergo CRA examinations in the next calendar quarter is not determinative
of whether the institution will be examined in that quarter. Reserve
Banks may need to defer a planned examination or conduct an unforeseen
examination because of scheduling difficulties or other circumstances.
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*Subject to CRA.
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