The Federal Reserve Bank of San Francisco
Home Careers Fed Links Subscriptions
Banking Information
Notice of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control

Week ending 03/26/2005

  • 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 Notice 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
    Branch
    		 Barnes Banking Company, Kaysville, Utah, to establish a branch facility at 229 East St. George Boulevard, St. George, Utah.* Newspaper – 03/25/2005
    * 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)

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

    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

    Section III - Applications Subject to Federal Register Notice Only

    Type Application Ending date of
    comment period
    None    
    Fed Reg - Federal Register Comment Period Ending Date

    Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice

    Type Application

    None    

    Section V - Availability of CRA public 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.

    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
    2651675 Bank of Sacramento
    1750 Howe Avenue, Suite 100
    Sacramento, California 95825
    (916) 648-2100
    		 11/22/2004 03/24/2005 S   X
    2640530 Mission Community Bank
    581 Higuera Street
    San Luis Obispo, California 93401
    (805) 782-5000
    		 12/06/2004 03/24/2005 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

    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.