Notice
of Formations & Mergers of, & Acquisitions by, BHCs
Week ending 3/17/2001
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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
|
Application
|
Ending date of
comment period
|
| 3(a)(1) |
SouthwestUSA Corporation to become a bank holding company
by acquiring SouthwestUSA Bank, both of Las Vegas, Nevada. |
Newspaper - 03/21/2001
Fed Reg - 03/26/2001
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Type
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Application
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Ending date of
comment period
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Type
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Application
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3(a)(5)(C)
3(a)(5)(C)
|
Coast Bancorp to become a bank holding company by acquiring Coast
National Bank, both of San Luis Obispo, California.
Center Financial Corporation to become a bank holding company by
acquiring California Center Bank, both of Los Angeles, California.
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|
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Waiver
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Zions Bancorporation, Salt Lake City, Utah, requests waiver of
any Bank Holding Company Act application requirement in connection
with its proposed merger with Eldorardo Bancshares, Inc., and thereby
acquiring Eldorado's wholly-owned subsidiaries, Antelope Valley
Bank and Eldorado Bank.
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|
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4(c)(8)
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Greater Bay Bancorp, Palo Alto, California, to acquire CAPCO Financial
Company, Inc., Bellevue, Washington.
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| 4(c)(8) |
Wells Fargo & Company, San Francisco,
California, to acquire ACO Brokerage Holdings Corporation, Chicago,
Illinois. |
|
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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|
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Section VI - CRA Examinations
Scheduled 1st Quarter of 2001
None.
*Subject to CRA.
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