Notice
of Formations & Mergers of, & Acquisitions by, BHCs
Week ending 6/23/2001
|
|
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Type
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Application
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Ending date of
comment period
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Branches
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Farmers & Merchant Bank, Long Beach, California, to establish
branch offices at 22400 Torrance Boulevard, Torrance, California
and 27525 Indian Peak Road, Rolling Hills Estates, California.*
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Newspaper – 06/28/2001
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* Subject to the provisions of the Community Reinvestment Act
Newspaper - Newspaper Comment Period Ending Date
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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 – 07/26/2001
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CIC
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Tererence Ray Sullivan, Carol Ann Sullivan, Patrick Sean Sullivan
of Elko, Nevada, Terrance Leroy Sullivan, Deborah Ann Hall, Darren
Eugene Hall, of Twin Falls, Idaho, Terrance Ryan Sullivan, Las Vegas,
Nevada, Gary Phillip Sullivan, Staten Island, New York, Ralph William
Farley and Iris Gertrude Farley, Laguna Woods, California, acting
in concert to acquire up to 25 percent of Great Basin Financial
Corporation, Elko, Nevada.*
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Newspaper – N/Avail
Fed Reg – 07/09/2001
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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
|
Ending date of
comment period
|
|
Type
|
Application
|
|
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3(a)(5)(C)
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BAC Financial, Inc., Stockton, California, to become a bank holding
company by acquiring Bank of Agriculture & Commerce, Stockton,
California.
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|
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COM
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Zions Bancorporation, Salt Lake City, Utah and BancWest Corporation,
Honolulu, Hawaii, request for relief of joint venture and data processing
commitments previously made in connection with their respective
investments in HONOR Technologies, Inc., Star Systems, Inc., Bank
Network Securities, Inc., and Safecheck Company, LLC.
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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
|
|
2352815
|
Business Bank Nevada 6085 West Twain Avenue Las Vegas, Nevada 89102
(702) 794-0070
|
01/13/2001
|
06/22/2001
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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.
|
none
Section VI - CRA Examinations Scheduled 1st Quarter
of 2001
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Institution
|
Location
|
| none |
*Subject to CRA.
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