Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in
Bank Control
Week ending 02/12/2005
| Type |
Application |
Ending date of
comment period |
| None |
|
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| |
| Type |
Application |
Ending date of
comment period |
| None |
|
|
| |
| Type |
Application |
Ending date of
comment period |
| None |
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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 |
| 2646523 |
Nevada First Bank
777 North Rainbow Blvd., Suite 100
Las Vegas, Nevada 89107
(702) 310-4000 |
11/15/2004 |
02/08/2005 |
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 4th Quarter of 2004
| Institution |
Location |
| Bank of Utah |
Ogden, Utah |
| Desert Community Bank |
Victorville, California |
| First Utah Bank |
Salt Lake City, Utah |
| Heritage Bank of Commerce |
San Jose, California |
| Home Valley Bank |
Cave Junction, Oregon |
| Pacific Mercantile Bank |
Costa Mesa, 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.
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