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Notice of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control

Week ending 05/11/2002

  • 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

    		Union Safe Deposit Bank, Stockton, California, to establish a branch facility to be located at 520 Carolyn Wetson Boulevard, Suite D, Stockton, California.* Newspaper - 05/10/2002
    * 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

    3(a)(3) Bank of Taiwan, Taipei, Taiwan, to acquire at least 12.32 percent of the voting shares of First Financial Holding Co., Ltd., Taipei, Taiwan, and thereby indirectly acquire First Commercial Bank (USA), Alhambra, California.* Newspaper - 04/24/2002
    Fed Reg - 04/16/2002
    3(a)(5) AmericanWest Bancorporation, Spokane, Washington, to merge with Latah Bancorporation, and thereby indirectly acquire Bank of Latah, both of Latah, Washington.* Fed Reg - 06/13/2002
    Newspaper - 06/13/2002
    * 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

    Section III - Applications Subject to Federal Register Only


    Type


    Application

    Ending date of
    comment period

    4(c)(8)

    Capital Corp of the West, Merced, California, proposes to engage in investment advisory activities through the acquisition of Regency Investment Advisors, Fresno, California.

    Fed Reg - 06/03/2002


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

    Type

    Application

    4(c)(8) Sunstates Bancshares Inc., Casa Grande, Arizona, to engage in lending activities by acquiring 50% of Sunstate Bancshares Mortgages, LLC, Casa Grande, Arizona, pursuant to section 4(c)(8) of the BHC Act.  
    3(a)(5)(C) NorCal Community Bancorp, Alameda, California, to become a bank holding company by acquiring 100 percent of Bank of Alameda, Alameda, California.  
    3(a)(5)(C) County Bancorp, Inc., Arlington, Washington, to become a bank holding company by acquiring 100 percent of North County Bank, Arlington, Washington.  
    COM Palm Desert Investments, Palm Desert, California, requests, on behalf of Mr. Kevin McGuire, relief from a commitment made in connection with the Change in Bank Control Notice, which was approved on 11/26/96, in order to now incur debt of $150,000, in connection with the purchase of additional shares of Palm Desert Investments.  

    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            

    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 for Quarter of

    Institution Location
    None  

    The inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar quarter is not determinative of whether the institution will be examined in that quarter. Reserve Banks may need to defer a planned examination or conduct an unforeseen examination because of scheduling difficulties or other circumstances.