Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank
Control
Week ending 11/01/2003
| Type |
Application |
Ending date of
comment period |
18C
Branch |
North Valley Bank,
Redding, California, to merge with Six Rivers Bank, Eureka, California,
and to acquire eight Northern California branch offices of Six Rivers
Bank.* |
Newspaper -
N/Avail |
* Subject to the provisions
of the Community Reinvestment Act
Newspaper - Newspaper Comment Period Ending Date |
| Type |
Application
|
Ending date
of
comment period |
| CIC |
Notice by David and Verla Sorensen,
Salt Lake City, Utah, and Jeffrey and Sheila Smith, Midland, Texas;
to retain voting shares of Community Bancorp, and thereby retain shares
of Community Bank of Nevada, both of Las Vegas, Nevada. In addition,
David and Verla Sorensen to acquire up to 25 percent of Community
Bancorp, Las Vegas, Nevada.* |
Newspaper - N/Avail
Fed Reg - 11/21/2003 |
|
* Subject to the provisions of the Community
Reinvestment Act
Fed Reg - Federal Register Comment Period Ending Date
Newspaper - Newspaper Comment Period Ending Date
|
| Type |
Application |
Ending date of
comment period |
| None |
|
|
| |
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 |
| 714361 |
First American Bank
8941 East Valley Boulevard
Rosemead, California 91770
(626) 287-6100 |
07/07/2003 |
10/29/2003 |
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 |
| 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.
|
