Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank
Control
Week ending 10/20/2001
|
Type
|
Application
|
Ending date of
comment period
|
|
None
|
|
|
|
Type
|
Application
|
Ending date of
comment period
|
| 3(a)(3)
|
Wells Fargo & Company, San Francisco, California, to acquire
Texas Financial Bancorporation, Inc., Minneapolis, Minnesota, and
its wholly-owned subsidiary, Delaware Financial, Inc., Wilmington,
Delaware, and certain bank subsidiaries of Marquette Bancshares,
Minnneapolis, Minnesota, pursuant to section 3(a)(3) of the Bank
Holding Company Act.*
|
Newspaper - 11/19/2001Fed Reg - 11/19/2001
|
* Subject to the provisions of the Community Reinvestment ActFed Reg - Federal
Register Comment Period Ending DateNewspaper - Newspaper Comment Period
Ending Date
|
Type
|
Application
|
Ending date of
comment period
|
|
4(c)(8)
|
Wells Fargo & Company, San Francisco, California, to engage
in certain nonbanking activities through the acquisition of Marquette
Financial Group, Inc., Minneapolis, Minnesota, pursuant to section
4(c)(8) of the Bank Holding Company Act.*
|
Fed Reg - 11/19/2001
|
* Subject to the provisions of the Community Reinvestment ActFed Reg - Federal
Register Comment Period Ending Date
|
Type
|
Application
|
|
| Waiver
|
GBC Bancorp & General Bank, both of Los Angeles, California,
request for waiver of any Bank Holding Company application requirements
in connection with the proposed direct and indirect acquisition
of Liberty Bank and Trust Company, Boston, Massachusetts. As a result,
Liberty Bank and Trust Company will be merged with and into General
Bank, Los Angeles, California.
|
|
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
|
|
802866
|
Silicon Valley Bank
3003 Tasman Dr.
Santa Clara,
California 95054
(408) 654-7400
|
4/30/2001 |
10/15/2001 |
S |
X |
|
|
671464
|
California Center Bank
2222 W. Olympic Blvd.
Los Angeles,
California
(213) 386-2222
|
02/12/2001 |
10/15/2001 |
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.
|
Section VI - CRA Examinations
Scheduled 1st Quarter of 2001
*Subject to CRA.
|
