Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank
Control
Week ending 07/06/2002
|
Type
|
Application
|
Ending date of
comment period
|
|
Branch
|
Hanmi Bank, Los Angeles, California, to
establish a branch facility to be located at 2370 Crenshaw Boulevard,
Suite I/H, Torrance, California.* |
Newspaper - 06/25/2002 |
|
Branch
|
Oak Valley Community Bank, Oakdale, California,
to establish a branch facility to be located at 4120 Dale Road, Modesto,
California* |
Newspaper - 07/04/2002 |
|
5d3
|
Bank of Hawaii, Honolulu, Hawaii, to merge
with First Savings and Loan Association of America, Dededo, Guam.* |
Newspaper - 07/29/2002 |
| * Subject to the provisions of the Community
Reinvestment ActNewspaper - Newspaper Comment Period Ending Date |
| |
|
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/AvailFed Reg - 07/24/2002 |
| 3(a)(3) |
UCBH Holdings, Inc., San Francisco, California,
to acquire 25 percent of the outstanding shares of Bank of Canton
of California, San Francisco, California.* |
Newspaper - 08/09/2002Fed Reg - 08/05/2002 |
|
* 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
|
|
None
|
|
|
| |
|
Type
|
Application
|
|
| 3(a)(5)(C) |
Center Financial Corporation, Los Angeles,
California, to become a bank holding company by acquiring 100 percent
of California Center Bank, Los Angeles, 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
|
| 982263 |
Santa Lucia Bank
7480 El Camino Real
Atascadero, CA
93422
(805) 466-7087
|
03/04/2002 |
07/02/2002 |
S |
|
X |
| 528568 |
Harris Trust Bank of Arizona
6720 N. Scottsdale Rd.
Suite 111
Scottsdale, AZ
85253
(480) 951-4900
|
03/04/2002 |
07/03/2002 |
S |
X |
|
|
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.
|
