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 October 30, 2021

Filer Filing Type Filing Proposal End of Comment Period
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
SILICON VALLEY BANK PWI Silicon Valley Bank, Santa Clara, California, requesting retroactive approval to make public welfare investments of $5,000,000 in Boston Capital Intermediate Term Income Fund II LLC; $250,000 in Clearinghouse Community Development Financial Institution; $500,000 in Genesis LA Economic Growth Corporation; $1,000,000 in Healthy Neighborhoods Equity Fund I Limited Partnership; $300,000 in MHIC, LLC; $175,000 in Mill Cities Communities Investments; and $4,000,000 in The Community Development Trust, Inc. Silicon Valley Bank had acquired these non-LIHTC (low income housing tax credit) investments as a result of the 07/01/21 acquisition of Boston Private Bank & Trust Company, Boston, Massachusetts.
Newspaper: Not applicable
Federal Register: Not applicable
UNITED BUSINESS BANK * 3A5
* 18C
* Branch
1)United Business Bank, Walnut Creek, California, to acquire Pacific Enterprise Bank, Irvine, California, 2) Pacific Enterprise Bancorp, Irvine, California, to merge with and into Baycom Corp, Walnut Creek, California; and 3)United Business Bank to acquire one branch office of Pacific Enterprise Bank.
Newspaper: Not available
Federal Register: Not available
WESTERN ALLIANCE BANK PWI Western Alliance Bank, Phoenix, Arizona, requests prior approval to make a public welfare investment of $12.5 million in R4 WAB Housing Partners LP.
Newspaper: Not applicable
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