Notice
of Formations & Mergers of, & Acquisitions by, BHCs
Week ending 5/19/2001
|
|
|
Type
|
Application
|
Ending date of
comment period
|
none
|
|
|
Type
|
Application
|
Ending date of
comment period
|
|
none
|
|
|
|
Type
|
Application
|
Ending date of
comment period
|
|
Type
|
Application
|
|
|
Type
|
Application
|
|
|
3(a)(5)(C)
|
Puget Sound Financial Services, Inc., Fife, Washington, to become
a bank holding company by acquiring Fife Commercial Bank, Fife,
Washington.
|
|
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
|
|
485867
160360
|
Sunstate Bank
1300 East Florence Blvd.
Casa Grande, AZ 85222
(520) 836-4666
Oregon Pacific Banking Co.
1355 Highway 101
Florence, OR 97439-9619
(541) 997-7121
|
01/16/2001
01/29/2001
|
05/14/2001
05/15/2001
|
S
0
|
|
X
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
*Subject to CRA.
|
