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 May 25, 2019

Filer Filing Type Filing Proposal End of Comment Period
COMMUNITY BANCSHARES, INC. CIC Change in Bank Control filing by The BP & RP Trust, Bruce R. Penoske and Raelynn Penoske, both of Washington, Utah, Trustees, and Deana Rae Gillespie, Muskego, Wisconsin, Successor Trustee; Deana Rae Gillespie and Ryan James Gillespie, both of Muskego, Wisconsin; Bruce R. Penoske and Raelynn Penoske, both of Washington, Utah; Jared P. Goodale, Brentwood, California; and Myles Goodale, Boise, Idaho; to retain voting shares of Community Bancshares, Inc., and thereby indirect control of Community Bank, both of Joseph, Oregon.
Newspaper: Not available
Federal Register: 06/06/2019
MAIN STREET BANK CORPORATION * 3A1 Main Street Bank Corporation, Woodside, California, to become a bank holding company through the acquisition of First Colorado Financial Corp., and its subsidiary bank, First Colorado National Bank, both of Paonia, Colorado.
Newspaper: Not available
Federal Register: Not available


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
COMMONWEALTH BUS BK, LOS ANGELES, CALIFORNIA 3337097 02/11/2019 05/23/2019 S Int Small Bank


CRA Examinations scheduled for Third Quarter of 2019 (July 1, 2019 - September 30, 2019) and Fourth Quarter of 2019 (October 1, 2019 - December 31, 2019)

Institution Location Quarter
FIRST CHOICE BK CERRITOS, CALIFORNIAThird Quarter of 2019
MISSION BK BAKERSFIELD, CALIFORNIAThird Quarter of 2019
PACIFIC ENT BK IRVINE, CALIFORNIAThird Quarter of 2019
UNITED BUS BK WALNUT CREEK, CALIFORNIAThird Quarter of 2019
OAK VALLEY CMNTY BK OAKDALE, CALIFORNIAFourth Quarter of 2019

* 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

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Last update: June 5, 2019