Notice
of Formations & Mergers of, & Acquisitions by, BHCs
Week ending 09/01/2001
|
|
|
Type
|
Application
|
Ending date of
comment period
|
|
None
|
|
|
|
|
|
Type
|
Application
|
Ending date of
comment period
|
| 3(a)(5)
|
Greater Bay Bancorp, Palo Alto, California, to merge with SJNB
Financial Corp., and thereby acquire its subsidiary bank, San Jose
National Bank, both of San Jose, California.*
|
Newspaper - 09/29/2001
Fed Reg - 09/28/2001
|
|
|
|
|
|
Type
|
Application
|
Ending date of
comment period
|
|
None
|
|
|
|
|
|
Type
|
Application
|
|
|
3(a)(5)(C)
|
FNB Bancorp to become a bank holding company through a corporate
reorganization involving First National Bank of Northern California,
both of South San Francisco, California.
|
|
| Member |
Business Bank of California, San Bernardino,
California, to become a member of the Federal Reserve System. |
|
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
*Subject to CRA.
|
