Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank
Control
Week ending 10/27/2001
|
Type
|
Application
|
Ending date of
comment period
|
|
None
|
|
|
|
Type
|
Application
|
Ending date of
comment period
|
|
3(a)(3)
|
National Mercantile Bancorp, Los Angeles, California, to acquire
South Bay Bank, N.A., Torrance, California. *
|
Newspaper - 09/01/2001
Fed Reg - 09/11/2001
|
|
* Subject to the provisions of the Community Reinvestment Act
Fed Reg - Federal Register Comment Period Ending Date
Newspaper - Newspaper Comment Period Ending Date
|
|
Type
|
Application
|
Ending date of
comment period
|
|
None
|
|
|
|
Type
|
Application
|
|
|
Member
|
Bank of Sacramento, Sacramento, California, to become a member
of the Federal Reserve System.
|
|
|
COM
|
Bay View Capital Corporation, San Mateo, California, seeks extension
of time to divest certain equity investments in the acquisition
of Franchise Mortgage Acceptance Corporation.
|
|
|
Waiver
|
Business Bancorp, San Bernardino, California, requests a waiver
of any Bank Holding Company Act application requirement in connection
with the merger between Business Bancorp and MCB Financial Corporation,
San Rafael, California.
|
|
|
Waiver
|
UFJ Holdings, Inc., Osaka, Japan, requests a waiver of any Bank
Holding Company Act application requirement in connection with the
proposed merger between The Sanwa Bank, Limited, Osaka, Japan, and
The Tokai Bank, Limited, Tokyo, Japan.
|
|
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
|
|
2914361
|
Solano Bank
403 Davis Street
Vacaville, California 95688
(707) 452-7000
|
06/11/2001
|
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.
|
