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 10/10/98

  • 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

    None

    Section II
    Applications Subject to Both Newspaper and Federal Register Notice

    Type Application Ending date of comment period
    3(a)(3)

    Columbia Bancorp, The Dalles, Oregon, to acquire Valley Community Bancorp and its wholly-owned subsidiary, Valley Community Bank, both of McMinnville, Oregon.

    Newspaper - N/Avail
    Fed Reg - 11/06/1998
    3(a)(1) Bay View Capital Corporation, San Mateo, California, to become a bank holding company by acquiring Bay View Bank, N.A., San Mateo, California. * Newspaper - 11/08/1998
    Fed Reg - N/Avail

    Section III
    Applications Subject to Federal Register Only

    Type Application Ending date of comment period
    4(c)(8)

    Banque Nationale de Paris, Paris, France, to engage in certain nonbanking activities through BNP Capital Markets, LLC, New York, New York (a proposed Section 20 subsidiary).

    Fed Reg - 10/28/1998
    4(c)(8) Bay View Capital Corporation, San Mateo, California, to: 1) engage in check processing activities through the retention of Regent Financial Corporation, San Mateo, California; and 2) engage in providing financing to small and middle market companies through the retention of Bay Commercial Finance Group, San Mateo, California. Fed Reg - N/Avail

     

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

    Type Application Ending date of comment period
    Member

    The Sun City Bank, Sun City, Arizona, to voluntarily withdraw from membership in the Federal Reserve System.

     

    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:

    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.