Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 12: Federal Reserve Bank of San Francisco PDF
Filings received during the week ending July 1, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BANCORP 34, INC. | * 3A3 * 3A5 | Bancorp 34, Inc., Scottsdale, Arizona, to acquire CBOA Financial, Inc., and its subsidiary bank, Commerce Bank of Arizona, Inc., both of Tucson, Arizona, pursuant to sections 3(a)(3) and 3(a)(5) of the Bank Holding Company Act. | Not available | 08/04/2023 |
| PACIFIC PREMIER BANK | Public Welfare Investment | Pacific Premier Bank, Irvine, California, requests prior approval to make public welfare investments of $10 million in WNC Institutional Tax Credit Fund 55, L.P. and $10 million in WNC Institutional Tax Credit Fund X California Series 20, L.P. | Not applicable | Not applicable |
| SOUND FINANCIAL BANCORP, INC. | Change in Bank Control | Notice of Change In Bank Control filed by Joseph D. Stilwell, San Juan, Puerto Rico; Stilwell Value LLC; Stilwell Partners, L.P.; Stilwell Activist Fund, L.P.; Stilwell Activist Investments, L.P.; and Stilwell Value Partners VII, L.P.; all of New York, New York; as a group acting in concert to acquire voting shares of Sound Financial Bancorp, Inc., and thereby indirectly acquire voting shares of Sound Community Bank, both of Seattle, Washington. | Not available | Not available |
* Subject to the provisions of the Community Reinvestment Act
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 |
|---|---|---|---|---|---|
| OAK VALLEY CMNTY BK, OAKDALE, CALIFORNIA | 1864197 | 04/27/2023 | 01/17/2023 | O | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||