Notice
of Formations & Mergers of, & Acquisitions by, BHCs
Week ending 5/5/2001
|
|
|
Type
|
Application
|
Ending date of
comment period
|
none
|
|
|
Type
|
Application
|
Ending date of
comment period
|
| 3(a)(1) |
The Bank of East Asia, Limited, Hong Kong,
and East Asia Holding Company, Inc., New York, New York, to become
bank holding companies by acquiring 100 percent of Grand National
Bank, Alhambra, California.* |
Fed Reg - 06/01/2001
Newspaper - 05/26/2001 |
|
|
|
Type
|
Application
|
Ending date of
comment period
|
|
Type
|
Application
|
|
| S/R |
Westamerica Bank, San Rafael,
California, to pay a dividend in the amount of $20 million to its
parent, Westamerica Bancorporation. |
|
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
|
|
231961
|
Bank of Santa Clara 1995 El Camino Real Santa Clara, California
95050-4067 (408) 987-9403
|
12/04/00
|
May 4, 2001
|
S
|
X
|
|
|
The above listing has been prepared as a courtesy
by the Federal Reserve Bank of San Francisco, and is not intended
to replace formal notices required by statute or regulation; the
Reserve Bank assumes no responsibility for errors or omissions.
|
Section VI - CRA Examinations Scheduled 1st Quarter
of 2001
none
*Subject to CRA.
|
