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 March 5, 2022

Filer Filing Type Filing Proposal End of Comment Period
COMMUNITY BANCSHARES, INC. CIC The BRP 2009 Trust, Deana Rae Gillespie, Trustee, Washington, Utah; The Jared Goodale 2009 Trust, Deana Rae Gillespie, Trustee, Washington, Utah; and The Myles Goodale 2009 Trust, Deana Rae Gillespie, Trustee, Washington, Utah; to join the Penoske Family Control Group, a group acting in concert, to retain voting shares of Community Bancshares, Inc., and thereby indirectly retain voting shares of Community Bank, both of Joseph, Oregon.
Newspaper: Not available
Federal Register: Not available
EAST WEST BANK PWI East West Bank, Pasadena, California, to make a public welfare investment of $10.0 million in WNC Preservation Equity Fund 2, L.P.
Newspaper: Not applicable
Federal Register: Not applicable
EAST WEST BANK PWI East West Bank, Pasadena, California,proposes to make an additional public welfare investment of $13.7 million in the Community Development and Affordable Housing Fund II, LLP.
Newspaper: Not applicable
Federal Register: Not applicable
ENDEAVOR BANCORP * 3A1 Endeavor Bancorp to become a bank holding company by acquiring Endeavor Bank, both of San Diego, California.
Newspaper: 03/18/2022
Federal Register: 03/25/2022
FRIENDLY HILLS BANCORP CIC Joseph E. Matranga, Jr., Rancho Santa Fe, California, and Nathan Rogge, La Jolla, California, to acquire additional voting shares of Friendly Hills Bancorp, and thereby indirectly acquire voting shares of Friendly Hills Bank, both of Whittier, California.
Newspaper: Not available
Federal Register: Not available
FRIENDLY HILLS BANK * Branch Friendly Hills Bank, Whittier, California, to establish a new branch office at 3579 Valley Centre Dr., Suite 175, San Diego, California 92130.
Newspaper: 03/25/2022
Federal Register: Not applicable
SEATTLE BANCSHARES, INC. * 3A1 Seattle Bancshares, Inc., to become a bank holding company by acquiring Seattle Bank, both of Seattle, Washington.
Newspaper: Not available
Federal Register: 03/28/2022


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