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 12/14/2002

  • 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
    None    
     

    Section II - Applications Subject to Both Newspaper and Federal Register Notice


    Type
    Application     		Ending date of
    comment period
    None    

     

    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) SunFirst Corporation to become a bank holding company by acquiring 100 percent of SunFirst Bank, both of St. George, Utah.  
    4(c)(8) Wells Fargo & Company, San Francisco, California, proposes to engage in certain lines of business of Montgomery Asset Management LLC, San Francisco, California, and thereby engage in investment advisory activities pursuant to section 225.28(b)(6) of Regulation Y.  
    4(c)(8) Eggemeyer Advisory Corp, WJR Corp, Castle Creek Capital LLC, Castle Creek Capital Parnters Fund IIa, LP, and Castle Creek Capital Parnters Fund IIb, LP, all of Rancho Santa Fe, California, to engage in nonbanking activities by acquiring additional shares of Union Acceptance Corporation, Indianapolis, Indiana, pursuant to section 4(j) of the Bank Holding Company Act.  

    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
    455561

    Bank of Los Altos
    4546 El Camino Real
    Los Altos, California
    94022
    (650) 941-9300

    		 08/26/2002 12/13/2002 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.