Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank
Control
Week ending 06/29/2002
|
Type
|
Application
|
Ending date of
comment period
|
|
5d3
|
Bank of Hawaii, Honolulu, Hawaii, to merge
with First Savings and Loan Association of America, Dededo, Guam.*
|
Newspaper - N/Avail |
| |
| |
|
Type
|
Application
|
Ending date of
comment period
|
| CIC |
F. Kemper Freeman, Jr., Betty J. Freeman,
Suzanne L. McQuaid, Amy C. Schreck, Bellevue Square Managers I Limited
Partnership, and Bellevue Square Managers, Inc., all of Bellevue,
Washington, to acquire ownership of 15.85 percent of First Mutual
Bancshares, Inc., Bellevue, Washington.* |
Newspaper - N/Avail
Fed Reg - N/Avail |
|
* 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)
|
Delta National Bancorp, Manteca, California, proposes to purchase
a loan from its subsidiary, Delta National Bank, Manteca, California,
and thereafter engage de novo in lending activities.
|
Fed Reg - 07/23/2002
|
| Fed Reg - Federal Register Comment Period
Ending Date |
|
Type
|
Application
|
|
| 3(a)(5)(C) |
Community Bancorp, Las Vegas, Nevada, to
become a bank holding company by acquiring 100 percent of Community
Bank of Nevada, Las Vegas, Nevada.
|
|
| CDC |
Bank of Hawaii, Honolulu, Hawaii, to make
a community development investment in the amount of $50,000 through
the Office of Samoan Affairs of California, Inc., a California non-profit
corporation, Carson, California.
|
|
| CDC |
Bank of Hawaii, Honolulu, Hawaii, to make
a community development investment in the amount of $500,000 in the
Hawaii Community Loan Fund, a Hawaii non profit corporation, Honolulu,
Hawaii.
|
|
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.
|
