Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank
Control
Week ending 05/18/2002
|
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 - 05/24/2002 |
* Subject to the provisions of the Community
Reinvestment Act
Newspaper - Newspaper Comment Period Ending Date |
| |
|
Type
|
Application
|
Ending date of
comment period
|
| CIC |
Notice by George Richard Dill, Fife, Washington,
to acquire additional voting shares of Puget Sound Financial Services,
Inc., and thereby indirectly acquire voting shares in Fife Commercial
Bank, both of Fife, Washington.* |
Newspaper - N/Avail
Fed Reg - 06/11/2002
|
| 3(a)(1) |
ITLA Capital Corporation, La Jolla, California,
to become a bank holding company by acquiring 100 percent of Imperial
Capital Bank, La Jolla, California.* |
Newspaper - 06/13/2002
Fed Reg - 06/21/2002 |
* 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 |
|
Type
|
Application
|
Ending date of
comment period
|
|
4(c)(8)
|
ITLA Capital Corporation, La Jolla, California, to engage in nonbanking
activities through ITLA Capital Real Estate Investment Trust, La
Jolla, California.
|
Fed Reg - 06/21/2002
|
| Fed Reg - Federal Register Comment Period
Ending Date |
|
Type
|
Application
|
|
| COM |
First Coastal Bancshares, El Segundo, California,
requests temporary relief of a debt commitment made in connection
with their application to acquire 100 percent of First Coastal Bank,
N.A., El Segundo, 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
|
| 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.
|
