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 11/14/98

  • 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)(5)

    Eggemeyer Advisory Corp., Castle Creek Capital, LLC, Castle Creek Capital Partners Fund-I, L.P., all of Rancho Santa Fe, California, and Western Bancorp, Newport Beach, California, to merge with PNB Financial Group, Newport Beach, California. *

    Newspaper - 12/04/1998
    Fed Reg - 12/07/1998
    3(a)(1) Hancock Park Acquisition, L.L.C., and Hancock Park Acquisition, L.P., both of Washington, D.C., to become bank holding companies through the acquisition of Bank of Coronado, Coronado, California. * Newspaper - N/Avail
    Fed Reg - N/Avail

    Section III
    Applications Subject to Federal Register Only

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

    Century Holding Corporation, Beverly Hills, California, to engage in nonbanking activities through the acquisition of PNB Remittance Centers, Inc., Los Angeles, California.

    Fed Reg - N/Avail
    4(c)(8) VIB Corp., El Centro, California, to acquire Bank of Stockdale, F.S.B., Bakersfield, 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

    United Security Bank, Fresno, California, to become a member of the Federal Reserve System.

     
    Member Desert Community Bank, Victorville, California, to become a member of the Federal Reserve System.  
    Waiver Washington Mutual, Inc., Seattle, Washington, requests a waiver of any Bank Holding Act application requirement in connection with its proposed acquisition of Industrial Bank, Van Nuys, California.  
    3(a)(5)(C) AEA Bancshares, Inc., Seattle, Washington, to become a bank holding company through the acquisition of Asia-Europe-Americas Bank, Seattle, 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
    Lrg Bk     SmBk
    2319676 Community Bank of Nevada
    1400 South Rainbow Blvd.
    Las Vegas, NV 89102
    (702) 878-0700    		 07/13/1998 11/10/1998 S

    X    
    172961 North County Bank
    444 S. Escondido Blvd.
    Escondido, CA 92025
    (760) 743-2200    		 06/29/1998 11/12/1998 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.