Notice of Formations & Mergers of, &
Acquisitions by, BHCs; Change in Bank Control
Week ending 1/03/98
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None
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| Type |
Application |
Ending date of comment period |
| 3C |
Mt. Diablo Bancshares to become a bank holding
company by acquiring Mt. Diablo National Bank, both of Danville, California. |
None |
| 4(c)(8) |
Eggemeyer Advisory Corp., Castle Creek Capital,
L.L.C., and Castle Creek Capital Partners Fund-1, L.P., all of San
Diego California, to engage in nonbanking activities through the acquisition
of Coastal Credit Corporation, Virginia Beach, Virginia. |
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:
Outstanding
Satisfactory
Needs to improve
Substantial noncompliance
The following state member banks have been examined and their CRA public
evaluations are now available:
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.
*Subject to CRA.
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