Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank
Control
Week ending 09/25/2004
| Type |
Application |
Ending date of
comment period |
Branch
|
East-West Bank, San
Marino, California, to establish an Artesia In-Store Branch facility
to be located at 17713 Pioneer Boulevard, Artesia, California.* |
Newspaper – 09/09/2004 |
| Branch |
Farmers and Merchants Bank of
Central California, Lodi, California, to establish a branch facility
to be located at 1303 J Street, Sacramento, California.* |
Newspaper – 10/02/2004 |
| Branch |
Valley Independent Bank, El Centro,
California, to establish a branch facility to be located at 3203
West March Lane, Suite 110, Stockton, California.* |
Newspaper – 09/13/2004 |
* Subject to the provisions
of the Community Reinvestment Act
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 |
|
|
|
* 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 |
| 1162017 |
United Security Bank
1525 East Shaw Avenue
Fresno, California 93710
(559) 225-0101
|
06/07/2004 |
09/23/2004 |
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 4th Quarter of 2004
| 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.
|
