Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 12
Federal Reserve Bank of: San Francisco

Filings received during the week ending June 3, 2006

Filer Filing Type Filing Proposal End of Comment Period
First Mountain Bancorp 3A1 First Mountain Bancorp to become a bank holding company by acquiring 100 percent of First Mountain Bank, both of Big Bear Lake, California.
Newspaper: Not applicable
Federal Register: Not applicable
FRONTIER FINANCIAL CORPORATION * 3A3 Frontier Financial Corporation, Everett, Washington, to acquire 12.2 percent of Skagit State Bancorp, Inc., and thereby indirectly acquire shares in its subsidiary, Skagit State Bank, both of Burlington, Washington.
Newspaper: 06/11/2006
Federal Register: 06/09/2006
Orange Community Bancorp * 3A1 Orange Community Bancorp to become a bank holding company by acquiring 100 percent of Orange Community Bank, both of Orange, California.
Newspaper: Not available
Federal Register: 06/30/2006
SAN JOAQUIN BANCORP * 3A1 San Joaquin Bancorp to become a bank holding company by acquiring 100 percent of San Joaquin Bank, both of Bakersfield, California.
Newspaper: Not available
Federal Register: 06/09/2006


Availability of CRA Public 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.

Federal bank regulators use the following 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.
 
Institution / Location
RSSD
ID
 
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
OREGON PACIFIC BKG CO, FLORENCE, OREGON 160360 01/23/2006 05/18/2006 S Small Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco