The Federal Reserve Bank of San Francisco
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Notice of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control

Week ending 09/21/2002

  • 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 Nevada First Bank, Las Vegas, Nevada, to establish a branch facility to be located at 9930 S. Eastern Avenue, Henderson, Nevada.* Newspaper - 09/15/2002
    * 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)(1) Sumitomo Mitsui Financial Group, Inc., Tokyo, Japan, to become a bank holding company by acquiring 100 percent of Manufacturers Bank, Los Angeles, California.* Newspaper - N/Avail
    Fed Reg - 9/23/2002

    * 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

    None

     

     


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

    Type Application

    3(a)(5)(C) Valley Commerce Bancorp, Visalia, California, to become a bank holding company by acquiring Bank of Visalia, Visalia, California.  
    Membership Frontier Bank, Everett, Washington, to become a member of the Federal Reserve System.  

    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.

    Federal bank regulators use the following 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
    803368

    Comerica Bank - California
    333 W. Santa Clara Street
    San Jose, CA 95113
    (408) 556-5000

    		 03/18/2002 09/16/2002 S X  
    256179 Utah Independent Bank
    55 S. State Street
    Salina, Utah 84654
    (435) 529-7459    		 05/27/2002 09/19/2002 O   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.