Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 12: Federal Reserve Bank of San Francisco PDF
Filings received during the week ending November 26, 2022
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BAY COMMUNITY BANCORP | Change in Bank Control | Change in Bank Control Notice filed by Strategic Value Investors, LP; Strategic Value Bank Partners, LLC; Strategic Value Private Investors, LP; Strategic Value Private Partners, LLC, all of Cleveland, Ohio; Benjamin Mackovak, Bratenahl, Ohio; and Martin Adams, Naples, Florida, to acquire additional voting shares of Bay Community Bancorp, and thereby indirectly acquire additional voting shares of Community Bank of the Bay, both of Oakland, California. | 12/02/2022 | Not available |
| CAPITAL COMMUNITY BANCORPORATION, INC. | Change in Bank Control | Change in Bank Control Notice filed by Anna Lou Patten Irrevocable Trust u.a.d. 12/28/12, Lindon, Utah; Michael Watson, as trustee and in individual capacity, Lindon, Utah; Matthew Mitton, as special trustee, Salt Lake City, Utah; Chad Patten, Lehi, Utah; and Kestin Wilkinson, Orem, Utah, to retain voting shares of Capital Community Bancorporation, Inc., and thereby indirectly retain voting shares of Capital Community Bank, both of Provo, Utah. | Not available | 11/30/2022 |
* Subject to the provisions of the Community Reinvestment Act
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 First Quarter of 2023 (January 1, 2023 - March 31, 2023) and Second Quarter of 2023 (April 1, 2023 - June 30, 2023)
| Institution | Location | Quarter |
|---|---|---|
| ALLY BK | SANDY, UTAH | First Quarter of 2023 |
| BANK OF HAWAII | HONOLULU, HAWAII | First Quarter of 2023 |
| OAK VALLEY CMNTY BK | OAKDALE, CALIFORNIA | First Quarter of 2023 |