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: 2
Federal Reserve Bank of: New York

Filings received during the week ending December 17, 2005

Filer Filing Type Filing Proposal End of Comment Period
BANCO POPULAR NORTH AMERICA * Branch Banco Popular North America, New York, New York to open four branch offices at (1) 1540 E. 2nd Street, Beaumont (Riverside County), California,(RSSD-3396683) (2) 888 Disneyland Drive, Anaheim (Orange County), California (RSSD-2769543), (3) 1861 S. San Jacinto Avenue, San Jacinto (Riverside County), California (RSSD-3396692), and (4) 34500 Monterey Avenue, Palm Desert (Riverside County), California (RSSD-3396704).
Newspaper: 12/23/2005
Federal Register: Not applicable
BANCO SANTANDER CENTRAL HISPANO, S.A. * 4c8 Banco Santander Central Hispano, S.A., Madrid, Spain, pursuant to Section 4(c)(8) of the BHC Act and Section 225.24 of Regulation Y, to acquire 24.99 percent of the voting shares of Sovereign Bancorp, Inc., Philadelphia, Pennsylvania, and thereby indirectly acquire Sovereign Bank, Wyomissing, Pennsylvania, and Independence Community Bank, Brooklyn, New York, and thereby engage in operating savings associations, pursuant to Section 225.28(b)(4) of Regulation Y.
Newspaper: Not available
Federal Register: 01/12/2006
CGD USA HOLDING COMPANY, INC. CIC Notice of Change in Bank Control pursuant to the Change in Bank Control Act of 1978, as amended, by Jacinto Rodrigues and Joaquina Rodrigues, both of Warren, New Jersey, to acquire 966,166 of the common shares of CGD-USA Holding Company, Inc., New York, New York, from Caixa Geral de Depositos, Lisbon, Portugal. As a result of this transaction, Jacinto and Joaquina Rodrigues will own 100% of the outstanding shares of CGD-USA.
Newspaper: Not available
Federal Register: 01/04/2006
COMMUNITY PARTNERS BANCORP * 3A1 Community Partners Bancorp, Middletown, New Jersey, to become a bank holding company through the acquisition of 100 percent of the voting shares of Two River Community Bank, Middletown, New Jersey and The Town Bank, Westfield, New Jersey, pursuant to Section 3(a)(1) of the BHC Act.
Newspaper: Not available
Federal Register: 01/06/2006
ISRAEL SALT INDUSTRIES LTD. 4c8 Notice by Bank Hapoalim B.M., Arison Holdings Ltd. and Israel Salt Industries Ltd. all of Tel Aviv, Israel to acquire Investec USA, New York, NY and thereby engage in nonbanking activities pursuant to Sections 225.28(b)(6), (7) and (8) of Regulation Y.
Newspaper: Not applicable
Federal Register: Not available
MANUFACTURERS AND TRADERS TRUST COMPANY * Branch Manufacturers and Traders Trust Company, Buffalo, New York, requests approval to establish a temporary full-service branch to be located at 11200 Racetrack Road, Berlin, Worcester County, Maryland (RSSD-3397121).
Newspaper: 12/30/2005
Federal Register: Not applicable
RABOBANK NEDERLAND * 3A3 Application by Rabobank Nederland B.V. and Rabobank International Holdings B.V both of Utrecht, the Netherlands, and their direct and indirect subsidiairies Utrect-America Holdings, New York, New York and VIB Corporation, El Centro, California to acquire Central Coast Bancorp and thereby its banking subsidiairy Community Bank of Central California, both of Salinas, California pursuant to Section 3(a)(3) of the BHCA.
Newspaper: 12/30/2005
Federal Register: 01/06/2006


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
NONE


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