The Federal Reserve Bank of San Francisco
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Notice of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control

Week ending 1/30/98

  • 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 Only
  • Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice
  • Section V - Availability of CRA Public Evaluations

    • Section I
    Applications Subject to Newspaper Notice Only

    Type Application Ending date of comment period
    Branch Western Security Bank, Scottsdale, Arizona, to establish a branch office at 16277 Hayden-Greenway Loop, Scottsdale, Arizona. * Newspaper 2/07/98

    Section II
    Applications Subject to Both Newspaper and Federal Register Notice

    Type Application Ending date of comment period
    3(a)(1) G V Bancorp, Inc., and G V Bancorp Employee Stock Ownership Plan, both of Gunnison, Utah, to become bank holding companies through the acquisition of Gunnison Valley Bank, Gunnison, Utah. * Newspaper 3/02/98
    Fed Reg 3/02/98

    Section III
    Applications Subject to Federal Register Only

    None

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

    Type Application Ending date of comment period
    3(a)(5)(C) Bellingham Bancorporation to become a bank holding company by acquiring Bank of Bellingham, both of Bellingham, Washington. None
    3(a)(5)(C) HCB Bancorp, Inc., to become a bank holding company by acquiring Harbor Community Bank, both of Raymond, Washington. None
    COM Robert M. Dougherty, W. James Tozer, Jr., et al, Salt Lake City, Utah, requests approval to purchase additional shares of Draper BanCorp, Draper, Utah, pursuant to a commitment made in their Notice of Change in Control. None
    Waiver Sierra West Bancorp, Truckee, California, requests a waiver of any Bank Holding Company Act application requirement in connection with their acquisition of California Community Bancshares, Vacaville, California. None

    Section V
    Publicly available CRA 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:

    Outstanding
    Satisfactory
    Needs to improve
    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
    Large bank Small bank
    428462 Ireland Bank
    33 Bannock Street
    P.O. Box 186
    Malad City, ID 83252-0186
    (208) 766-2211    		 9/29/97 1/28/98 Outstanding

    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.

    *Subject to CRA.