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Notice of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control

Week ending 08/15/98

  • 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 VI - CRA examinations scheduled for the Fourth Quarter of 1998

    • Section I
    Applications Subject to Newspaper Notice Only

    Type Application Ending date of comment period
    Branch Home Valley Bank, Cave Junction, Oregon, to establish a branch office at 110 SW 4th Street, Grants Pass, Oregon. * Newspaper 8/22/98
    Branch Liberty Bank, South San Francisco, California, to establish a branch office at 6221 Graham Hill Road, Felton, California. * Newspaper 9/11/98

    Section II
    Applications Subject to Both Newspaper and Federal Register Notice

    Type Application Ending date of comment period
    3(a)(5) Western Sierra Bancorp, Cameron Park, California, to acquire Roseville 1st Community Bancorp, Roseville, California. * Newspaper 9/08/98
    Fed Reg 9/14/98
    3(a)(3) Eggemeyer Advisory Corp., Castle Creek Capital, LLC, and Castle Creek Capital Partners Fund-I, L.P., all of Rancho Santa Fe, California, to acquire Continental National Bancshares, Inc., El Paso, Texas, through its 18 percent ownership of State National Bancshares, Inc., Lubbock, Texas. * Newspaper N/Avail
    Fed Reg 9/08/98

    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
    Member Golden Gate Bank, San Francisco, California, to become a member of the Federal Reserve System.
    3(a)(5)(C) Community Financial Group, Inc., to become a bank holding company by acquiring The Wheatland Bank, both of Davenport, Washington.
    4(c)(8) Notice by Cowlitz Bancorporation, Longview, Washington, to engage in nonbanking activities through the acquisition of Business Finance Corporation, Bellevue, Washington.

    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:

    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    		 Exam type
    SmBk
    671464 California Center Bank
    2222 W. Olympic Blvd.
    Los Angeles, CA 90006-2118
    (213) 386-2222    		 3/30/98 8/14/98 NI 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 for the Fourth Quarter of 1998

    Institution Location
    Eldorado Bank Tustin, CA
    American Pacific Bank Portland, OR
    Bank of the Orient San Francisco, CA
    Bank of Commerce San Diego, CA
    Hacienda Bank Santa Maria, CA
    Pierce Commercial Bank Tacoma, WA
    Cache Valley Bank Logan, UT

    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.

    *Subject to CRA.