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 January 8, 2022

Filer Filing Type Filing Proposal End of Comment Period
BANKGUAM HOLDING COMPANY CIC Joaquin P.L.G. Cook, Chalan Pago-Ordot, Guam, as trustee of the Voting Trust Agreement of BankGuam Holding Company ("VTA"), to acquire voting shares of BankGuam Holding Company, Hagatna, Guam, and join the VTA and its members (Martin D. Leon Guerrero, Martin Perez Leon Guerrero, William D. Leon Guerrero, and Zita T. Leon Guerrero, all of Hagatna, Guam; John S. San Agustin, San Francisco, California; Patricia P. Ada, Tamuning, Guam; the Jesus S. Leon Guerrero Family Trust (Eugenia A. Leon Guerrero, as trustee), both of Hagatna, Guam; Lourdes A. Leon Guerrero, Hagatna, Guam; the Felino B. Amistad and Fulgencia R. Amistad Trust (Felino A. Amistad, as trustee) Ada%s Trust & Investments (Pedro Perez Ada, Patricia Ann Perez Ada, and Teresa A. John, as co-executors) Ada%s Family Trust (Pedro Perez Ada, Patricia Ann Perez Ada, and Teresa A. John, as trustees); the John Family Living Trust (David James John and Teresa Ada John, as co-trustees), all of Hagatna, Guam; Pedro Perez Ada, Hagatna, Guam; Carla Perez Ada, Sausalito, California; Frances Perez Ada Purviance, El Dorado Hills, California; Maria Ada Bonnie, Minneapolis, Minnesota; the Luis and Cynthia Camacho Living Trust (Cynthia Camacho, as trustee), both of Hagatna, Guam; the Ralph Guerrero Sablan and MaryAnne Gutierrez Sablan Living Trust (Mark J. Sablan, Hagatna, Guam, individually and with Ralph Gregory Sablan, Agana Heights, Guam, individually and as co-trustees), both of Sinajana, Guam; Vincent Leon Guerrero, Mangilao, Guam; Dominica LG Aguon, Hagatna, Guam; Agnes Leon Guerrero Winters and Tyler Reece Leon Guerrero Winters, both of Camarillo, California; Michael S. Wu, Locust, New Jersey; James Wu, Shaker Heights, Ohio; Joe T. San Agustin, Dededo, Guam; Rebecca S. Mann, Columbia, South Carolina; and Michelle M. Sablan, Santa Cruz, California), a group acting in concert, to retain voting shares of BankGuam Holding Company and thereby indirectly retain voting shares of Bank of Guam, both of Hagatna, Guam.
Newspaper: 01/06/2021
Federal Register: 01/27/2022
BAWAG P.S.K. BANK FUR ARBAIT UND WIRTSCHAFT UND OSTERREICHISCHE POSTSPARKASSE AKTIENGESELLSCHAFT FBSEA BAWAG P.S.K. Bank Fur Arbeit und Wirtschaft und Osterreichische Postsparkasse Aktiengesellschaft, Wien, Austria, to establish a representative office at 521 Boccaccio Avenue, Venice, California, pursuant to section 10(a) of the International Banking Act.
Newspaper: Not available
Federal Register: Not applicable
COLUMBIA BANKING SYSTEM, INC. * 3A5
* 3A3
Columbia Banking System, Inc., Tacoma, Washington, to acquire Umpqua Holdings Corporation, Portland, Oregon, and its subsidiary, Umpqua Bank, Roseburg, Oregon, pursuant to sections 3(a)(3) and 3(a)(5) of the Bank Holding Company Act. In connection with this Application, Columbia Banking System, Inc., also elects to be treated as a financial holding company pursuant to section 4(l) of the BHC Act, in order to acquire the nonbanking subsidiaries of Umpqua Holdings Corporation, Portland, Oregon.
Newspaper: Not available
Federal Register: 01/07/2022
EAST WEST BANK PWI East West Bank, Pasadena, California, to make a public welfare investment of $9.15 million in the Community Development and Affordable Housing Fund II, LLC.
Newspaper: Not applicable
Federal Register: Not applicable
Forest Holdings LLC * 3A1 Forest Holdings LLC to become a bank holding company by acquiring West Valley National Bank, both of Goodyear, Arizona.
Newspaper: Not available
Federal Register: Not available
MNB HOLDINGS CORPORATION CIC Medina 2021 MNBH Trust, Burlingame, California, and Alma Vivar, Daly City, California, as Trustee, to acquire voting shares of MNB Holdings Corporation, and thereby indirectly acquire voting shares of Mission National Bank, both of San Francisco, California.
Newspaper: Not available
Federal Register: 01/14/2022
PBCO FINANCIAL CORPORATION * 3A1 PBCO Financial Corporation to become a bank holding company by acquiring People's Bank of Commerce, both of Medford, Oregon.
Newspaper: Not available
Federal Register: 02/03/2022
SILICON VALLEY BANK PWI Silicon Valley Bank, Santa Clara, California, proposes to make a public welfare investment of $36.0 million in Raymond James California Housing Opportunities Fund 11 L.L.C.
Newspaper: Not applicable
Federal Register: Not applicable
WESTERN ALLIANCE BANK * Branch Western Alliance Bank, Phoenix, Arizona, to establish a branch office at 4445 N. Campbell Avenue, Tucson Arizona.
Newspaper: Not available
Federal Register: Not applicable


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
NONE


CRA Examinations scheduled for     Quarter of

Institution Location Quarter
NONE

* Subject to the provisions of the Community Reinvestment Act

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