Notice
of Formations & Mergers of, & Acquisitions by, BHCs
Week ending 7/07/2001
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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
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Application
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Ending date of
comment period
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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 – 07/11/2001
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
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Ending date of
comment period
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None
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Type
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Application
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COM
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BNP Paribas, Paris, commitment relief request for additional time
to divest certain natural gas investments.
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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
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Institution/Location
|
Examination
date
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CRA
public date
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CRA
rating
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Exam type
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LrgBk
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SmBk
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877369
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Valley Independent Bank
1498 Main Street
El Centro, CA 92243
(760) 370-3600
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02/26/2001
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07/03/2001
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S
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X
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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.
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Section VI - CRA Examinations
Scheduled 1st Quarter of 2001
None.
*Subject to CRA.
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