Notice of Formations & Mergers of, &
Acquisitions by, BHCs; Change in Bank Control
Week ending 5/8/98
| Type |
Application |
Ending date of comment period |
| Branch |
Ireland Bank, Malad City, Idaho, to establish a branch office at
420 North 4th Street, Montpelier, Idaho. * |
Newspaper 5/26/98 |
None
None
| Type |
Application |
Ending date of comment period |
| COM |
Sunbelt Communications Company, Las Vegas, Nevada, requests to modify
a commitment made in order to allow up to $1 million in deposits and
a $1 million line of credit in connection with its 14.63 percent interest
in Nevada First Bank, Las Vegas, Nevada. |
None |
| Waiver |
BYL Bancorp, Yorba Linda, California, requests a waiver of any Bank
Holding Company Act application requirement in connection with its
proposed merger of DNB Financial and its wholly-owned subsidiary,
De Anza National Bank, both of Riverside, California. As a result,
De Anza National Bank will be merged into Bank of Yorba Linda, Yorba
Linda, California. |
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.
Section VI
CRA Examinations Scheduled
Third Quarter of 1998
| Institution |
Location |
| Eldorado Bank |
Tustin, CA |
| Santa Barbara Bank & Trust |
Santa Barbara, CA |
| Valley Bank of Arizona |
Phoenix, AZ |
| North County Bank |
Escondido, CA |
| Barnes Banking Company |
Kaysville, UT |
| CivicBank of Commerce |
Oakland, CA |
| Community Bank of Nevada |
Las Vegas, NV |
The above data are being provided for your information should you wish
to share comments with this Reserve Bank regarding the CRA performance
of a scheduled bank's examination. Examinations may have to be rescheduled
during the calendar quarter in which they are designated to begin. If
an institution's examination is rescheduled for a date later than the
end of the date range reflected in a published schedule, the institution's
name will be republished in an appropriate later listing. Any comments
received as a result of either the first publication or subsequent publications
will be considered during the examination. Written comments should be
directed to Ms. Joy Hoffman-Molloy, Division of Banking Supervision and
Regulation (MS620), 101 Market Street, San Francisco, California 94105.
*Subject to CRA.
|
