Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 12
Federal Reserve Bank of: San Francisco

Filings received during the week ending October 11, 2008

Filer

Filing Type

Filing Proposal

End of Comment Period

FIFE COMMERCIAL BANK 401K ESOP

CIC

Notice by Fife Commercial Bank 401K ESOP to acquire up to 20 percent of Puget Sound Financial Services, Inc., both of Fife, Washington.

Newspaper:	11/14/2008
Federal Register:	10/29/2008

NHB HOLDINGS, INC.

4c8

NHB Holdings, Inc. and Proficio Mortgage Ventures, LLC, to engage denovo in a joint venture with Home Avenue Mortgage, Clearwater, Florida, in conducting mortgage banking activities, pursuant to section 4(c)(8) of the BHC act and section 225.28(b)(1) of Regulation Y.

Newspaper:	Not applicable
Federal Register:	Not available

OREGON BANCORP, INC.

3A1

Oregon Bancorp, Inc., Salem, Oregon, to become a bank holding company by acquiring 100 percent of Willamette Valley Bank, Salem, Oregon, and also elects to become a financial holding company.

Newspaper:	Not applicable
Federal Register:	Not applicable

WELLS FARGO & COMPANY

4c8
* 3A3

Wells Fargo & Company, San Francisco, California, to: 1) acquire Wachovia Corporation, Charlotte, North Carolina, pursuant to section 3(a)(3) and 3(a)(5) of the Bank Holding Company Act, and to indirectly acquire its subsidiaries, Wachovia Bank, N.A., Charlotte, North Carolina, and Wachovia Bank of Delaware, N.A., Wilmington, Delaware; and 2) to engage in nonbanking activities through the acquisition of Wachovia Mortgage, FSB, North Las Vegas, Nevada, Wachovia Bank, FSB, Houston, Texas, and Wachovia Card Services, N.A., Atlanta, Georgia, pursuant to section 4(c)(8) of the Bank Holding Company Act.

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
NONE

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 12 Federal Reserve Bank of: San Francisco

Filings received during the week ending October 11, 2008

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 12
Federal Reserve Bank of: San Francisco