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 10/17/98

  • 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)(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 - 11/13/1998
    3(a)(3) Dartmouth Capital Group, Inc., Dartmouth Capital Group, L.P., and Eldorado Bancshares, Inc., all of Laguna Hills, California, to acquire Antelope Valley Bank, Lancaster, California. * Newspaper - 11/16/1998
    Fed Reg - 11/16/1998
    3(a)(3) Western Sierra Bancorp, Cameron Park, California, to acquire Lake Community Bank, Lakeport, California. * Newspaper - N/Avail
    Fed Reg - 11/13/1998

    Section III
    Applications Subject to Federal Register Only

    Type Application Ending date of comment period
    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 - 11/13/1998

     

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

    Type Application Ending date of comment period
    COM

    Fai Chan, Causeway, Hong Kong, requests partial relief of commitments made in connection with the approval of the Change in Bank Control notice to acquire up to 51.41 percent of American Pacific Bank, Portland, Oregon.

     
    Waiver First Coastal Bancshares, El Segundo, California, requests a waiver of any Bank Holding Company Act application requirement in connection with its acquisition of American Independent Bank, N.A., Gardena, California.  
    Agreement Corporation and Investment City National Bank, Los Angeles, California, to establish an agreement corporation as a direct wholly-owned subsidiary, to be named City National International Insurance Holdings, Inc., Beverly Hills, California, and thereby invest through this subsidary in a reinsurance company, City National Insurance Company, Ltd., Tortola, British Virgin Islands.  

    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.