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 March 19, 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:	03/25/2022
Federal Register:	03/25/2022

EAST WEST BANK

PWI

East West Bank, Pasadena, California, proposes to make a public welfare investment of $10.0 million in Alliant Tax Credit Fund 111, LP.

Newspaper:	Not applicable
Federal Register:	Not applicable

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:	03/26/2022
Federal Register:	Not applicable

PLUMAS BANK

* Branch

Plumas Bank, Quincy, California, to establish a branch office at 900 Mangrove Avenue, Chico, California.

Newspaper:	Not available
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

District: 12 Federal Reserve Bank of: San Francisco

Filings received during the week ending March 19, 2022

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 12
Federal Reserve Bank of: San Francisco