The Federal Reserve Bank of San Francisco
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Notice of Formations & Mergers of, & Acquisitions by, BHCs

Week ending 1/13/2001

  • Section I - Applications Subject to Newspaper Notice Only
  • Section II - Applications Subject to Both Newspaper and Federal Register Notice
  • Section III - Applications Subject to Federal Register Only
  • Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice
  • Section V - Availability of CRA Public Evaluations
  • Section VI - CRA Examinations Scheduled

    • Section I - Applications Subject to Newspaper Notice Only


    Type


    Application

    Ending date of
    comment period

    Branch

    Cache Valley Bank, Logan, Utah, to establish a branch office at 1710 North Main, North Logan, Utah.*

    Newspaper - 01/07/2001

    Branch

    Pacific Liberty Bank, Huntington Beach, California, to establish a branch office at 16001 Springdale Street, Huntington Beach, California.*

    Newspaper - 01/11/2001

    * Subject to the provisions of the Community Reinvestment Act
    Newspaper - Newspaper Comment Period Ending Date


    Section II - Applications Subject to Both Newspaper and Federal Register Notice


    Type


    Application

    Ending date of
    comment period

    none

    Section III - Applications Subject to Federal Register Only


    Type


    Application

    Ending date of
    comment period

    none

    Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice

    Type

    Application

    3(a)5(C)

    Sierra Bancorp to become a Bank Holding Company by acquiring Bank of the Sierra, both of Porterfield, California.

    		 

    Section V - Publicly Available CRA Evaluations

    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

    Institution

    Location

    None.

    *Subject to CRA.