Notice
of Formations & Mergers of, & Acquisitions by, BHCs
Week ending 6/09/2001
|
|
|
Type
|
Application
|
Ending date of
comment period
|
|
Branch
|
County Bank, Merced, California, to establish a branch office at
4609 Quail Lakes Drive, Stockton, California.*
|
Newspaper – 06/08/2001
|
|
Branch
|
Mid-Peninsula Bank, Palo Alto, California, to establish a branch
office at 874 Fourth Street, San Rafael, California.*
|
Newspaper – 06/20/2001
|
|
* Subject to the provisions of the Community Reinvestment Act
Fed Reg - Federal Register Comment Period Ending Date
Newspaper - Newspaper Comment Period Ending Date
|
|
|
|
Type
|
Application
|
Ending date of
comment period
|
|
3(a)(1)
|
Regents Bancshares, Inc., Vancouver, Washington, to become a bank
holding company by acquiring 100 percent of Regents Bank, N.A.,
La Jolla, California.*
|
Newspaer – Not Avail
Fed. Reg – Not Avail
|
|
3(a)(1)
|
Trafalgar Holdings, LLC, Vancouver, Washington, to become a bank
holding company by acquiring 60 perccent of Regents Bancshares,
Inc., Vancouver, Washington.*
|
Newspaper – Not Avail
Fed. Reg – Not Avail
|
|
CIC
|
Joseph Willy Edmonds, Seattle, Washington, to acquire 11.8 percent
of NWI Financial Corporation, Seattle, Washington*
|
Newspaper – 06/25/2001
Fed. Reg – Not Avail
|
|
* 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)
|
|
|
|
|
|
Type
|
Application
|
Ending date of
comment period
|
|
Type
|
Application
|
|
|
Waiver
|
Mid-State Bancshares, Arroyo Grande, California, requests waiver
of any Bank Holding C1ompany Act application requirement in connection
with its proposed merger with Americorp, Ventura, California. Simultaneously,
Mid-State Bank and American Commercial Bank will merge, with Mid-State
Bank as the survivor Bank.
|
|
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
Section VI - CRA Examinations Scheduled 1st Quarter
of 2001
|
Institution
|
Location
|
| none |
*Subject to CRA.
|
