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 August 5, 2017

Filer Filing Type Filing Proposal End of Comment Period
CHARLES SCHWAB CORPORATION, THE * SLHC Acquisition Charles Schwab Corporation, San Francisco, California, to acquire Nordstrom FSB, Scottsdale, Arizona.
Newspaper: Not available
Federal Register: Not available
FARMERS AND MERCHANTS BANK OF LONG BEACH * Branch Farmers & Merchants Bank of Long Beach, Long Beach, California, to establish a branch facility to be located at 1034 Santa Barbara Street, Santa Barbara, California.
Newspaper: Not available
Federal Register: Not applicable
MONTECITO BANCORP CIC Change in Bank Control filing for MBC Trust u/a/d April 1, 2017, Santa Barbara, California, and its Trustees Craig Zimmerman, Michelle Konoske and Joshua Rabinowitz, all of Santa Barbara, California, to retain voting shares of Montecito Bancorp, and thereby indirectly retain Montecito Bank & Trust, both of Santa Barbara, California.
Newspaper: 08/23/2017
Federal Register: Not available
WELLS FARGO & COMPANY Investment Wells Fargo & Company, San Francisco, California, to make an investment through Wells Fargo International Banking Corporation, Charlotte, North Carolina, in Wachovia Asia Limited, Hong Kong, China, pursuant to section 211.9(f) of Regulation K.
Newspaper: Not applicable
Federal Register: Not applicable
WELLS FARGO & COMPANY Investment Wells Fargo & Company, San Francisco, California, to make an investment through Wells Fargo International Banking Corporation and Wells Fargo International Finance, LLC, both located in Charlotte, North Carolina, in Wells Fargo International Finance (India) Private Limited, Bangalore, India, pursuant to section 211.9(f) of Regulation K.
Newspaper: Not applicable
Federal Register: Not applicable
WESTERN ALLIANCE BANK PWI Western Alliance Bank, Phoenix, Arizona, requests prior approval to make a $20.0 million public welfare investment in PNC Real Estate Tax Credit Capital Institutional Fund 65, LLC.
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