Notice
of Formations & Mergers of, & Acquisitions by,
BHCs; Change in Bank Control
Week ending 04/16/2005
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 |
| Branch |
Nara Bank, Los Angeles,
California, to establish a branch facility to be located
at 10055 Garden Grove Boulevard, Garden Grove, California.* |
Newspaper – 04/16/2005 |
* Subject
to the provisions of the Community Reinvestment Act
Newspaper - Newspaper Comment Period Ending Date |
Section II - Applications
Subject to Both Newspaper and Federal Register Notice
| Type |
Application |
Ending date
of
comment period |
| CIC |
Notice by Jason Anis
Awad to increase his ownership in Business Bank Corporation,
Las Vegas, Nevada, and thereby indirectly increase his
ownership in Business Bank of Nevada, Las Vegas, Nevada.* |
Newspaper – N/Avail
Fed Reg – 04/27/2005 |
| 3(a)(1) |
Oakland Venture Group,
Los Angeles, California, to become a bank holding company
by acquiring 100 percent of Innovative Bancorp and its
wholly-owned subsidiary, Innovative Bank, both of Oakland,
California.* |
Newspaper – N/Avail
Fed Reg – 05/02/2005 |
|
* 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)
|
Section III - Applications
Subject to Federal Register Notice Only
| Type |
Application |
Ending date of
comment period |
| None |
|
|
| |
Section IV - Applications
Not Subject to Federal Register Notice or Newspaper Notice
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 |
| None |
|
|
|
|
|
|
|
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.
|
