Notice
of Formations & Mergers of, & Acquisitions by, BHCs
Week ending 1/27/2001
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Type
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Application
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Ending date of
comment period
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18(c)
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Placer Sierra Bank, Auburn, California, to merge
with Sacramento Commercial Bank, Sacramento, California.*
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Newspaper – 02/19/2001
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| Branch |
Placer Sierra Bank, Auburn, California,
to retain Sacramento Commercial’s branch office located at 525 J Street,
Sacramento, California.* |
Newspaper – 02/19/2001 |
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* Subject to the provisions of the Community Reinvestment
Act
Newspaper - Newspaper Comment Period Ending Date
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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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* 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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Fed Reg - Federal Register 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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Branch
Extension of time
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Santa Lucia Bank, Atascadero, California, approved
an extension of time to February 2, 2002, to establish a branch
office to be located at 1801 South Broadway, Santa Monica, California.
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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:
|
RSSD
number
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Institution/Location
|
Examination
date
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CRA
public date
|
CRA
rating
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Exam type
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LrgBk
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SmBk
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2646523
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Nevada First Bank
2800 West Sahara Avenue
Las Vegas, Nevada 89102
(702) 310-4000Nevada First Bank
2800 West Sahara Avenue
Las Vegas, Nevada 89102
(702) 310-4000
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09/25/2000
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01/24/2001
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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
None.
*Subject to CRA.
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