Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank
Control
Week ending 05/03/2003
| Type |
Application |
Ending date of
comment period |
| Branch |
Farmers & Merchants
Bank of Rockford, Spokane, Washington, to establish a branch office
at 506 E. Hastings Road, Spokane, Washington.* |
Newspaper -
05/03/2003 |
| 18(c)Branch |
Central California
Bank, Sonora, California, to merge with Central Sierra Bank, San Andreas,
California, and to acquire 7 branches located in Amador, Calaveras,
San Joaquin and Tuolomne counties, California.* |
Newspaper -
05/12/2003 |
* Subject to the provisions
of the Community Reinvestment Act
Newspaper - Newspaper Comment Period Ending Date |
| Type |
Application |
Ending date of
comment period |
| 3(a)(3) |
Central Pacific Financial
Corp., Honolulu, Hawaii, to acquire at least 50.1 percent and up to
100 percent of CB Bancshares, Inc., and thereby indirectly acquire
City Bank, both of Honolulu, Hawaii.* |
Newspaper -
05/30/2003
Fed Reg - 05/30/2003 |
|
* 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) |
Central
Pacific Financial Corp., Honolulu, Hawaii, to engage indirectly in
data processing activities through the acquisition of Datatronix Financial
Services, Inc., Honolulu, Hawaii. |
Fed Reg - 05/30/2003
|
| |
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 |
| 2869733 |
Pacific Mercantile
Bank
949 South Coast Drive,
Suite 300Costa Mesa,
California 92626(714) 438-2500 |
01/20/2003 |
04/30/2003 |
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 |
| Bank of the Orient |
San Francisco, California |
| First American Bank |
Rosemead, California |
| Hacienda Bank |
Santa Maria, California |
| Hanmi Bank |
Los Angeles, California |
| Mid-Valley Bank |
Red Bluff, California |
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.
|
