Notice
of Formations & Mergers of, & Acquisitions by, BHCs
Week ending 8/11/2001
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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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3(a)(3)
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National Mercantile Bancorp, Los Angeles, California, to acquire
South Bay Bank, N.A., Torrance, California, pursuant to section
3(a)(3) of the Bank Holding Company Act.*
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Newspaper – N/Avail
Fed Reg – 09/11/01
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CIC
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Ronald C. LaFranchi, Coquille, Oregon, to retain 18.8 percent and
to acquire additional shares of Independent Financial Network, Coos
Bay, Oregon.*
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Newspaper – N/Avail
Fed Reg – 09/04/01
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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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3(a)(5)(C)
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First Independent Capital of Nevada, Reno, Nevada, to become a
bank holding company by acquiring First Independent Bank of Nevada,
Reno, Nevada.
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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:
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RSSD
number
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Institution/Location
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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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33772
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Placer Sierra Bank
649 Lincoln Way
Auburn, California 95603
(530) 823-7777
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04/02/2001
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08/07/2001
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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
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Section VI CRA examinations scheduled for
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4th
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Quarter of
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2001
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Institution
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Location
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1st Pacific Bank of California
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San Diego, CA
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Bank of the Orient
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San Francisco, CA
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Bay Bank of Commerce
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San Leandro, CA
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Coast Commercial Bank
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Santa Cruz, CA
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County Bank
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Merced, CA
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Metro Commerce Bank
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San Rafael, CA
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Mid-Peninsula Bank
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Palo Alto, CA
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Nevada First Bank
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Las Vegas, NV
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Peninsula Bank of Commerce
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Millbrae, CA
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Southwest Bank of Phoenix
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Phoenix, AZ
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Spectrum Bank
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Garfield, CA
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The inclusion on the list of institutions that are scheduled to
undergo CRA examinations in the next calendar quarter is not determinative
of whether the institution will be examined in that quarter. Reserve
Banks may need to defer a planned examination or conduct an unforeseen
examination because of scheduling difficulties or other circumstances.
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*Subject to CRA.
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