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 08/22/98

  • 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 Farmers and Merchants Bank of Rockford, Spokane, Washington, to establish a branch office at 1604 West Francis, Spokane, Washington. * Newspaper 08/31/1998

    Section II
    Applications Subject to Both Newspaper and Federal Register Notice

    None

    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 Peninsula Bank of Commerce, Millbrae, California, to become a member of the Federal Reserve System.
    Member Family Security Bank, Brookings, Oregon, to become a member of the Federal Reserve System.
    3(a)(5)(C) Centennial Bankshares, Inc., to become a bank holding company by acquiring Centennial Bank, both of Ogden, Utah.

    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
    1156539 Mid-Peninsula Bank
    420 Cowper Street
    Palo Alto, CA 9401
    (650) 323-5150    		 04/14/1998 08/17/1998 O X
    2473354 Idaho Banking Co.
    6010 Fairview Avenue
    Boise, D 83711-0629
    (208) 322-5151    		 04/20/1998 08/17/1998 S

    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.