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 May 20, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BANCPACIFIC FINANCIAL HOLDING CORPORATION | * 3A1 Election (Domestic) | BancPacific Financial Holding Corporation, Hagatna, Guam, and Marianas Finance Corporation, Tamuning, Guam, to become bank holding companies upon the conversion of BankPacific, Hagatna, Guam, from a savings association to a commercial bank. In addition, BancPacific Financial Holding Corporation, Hagatna, Guam, and Marianas Finance Corporation, Tamuning, Guam, elect to become Financial Holding Companies. | Not available | 06/20/2023 |
| COMMENCEMENT BANK | * Branch (Domestic) | Submission of Application for Mobile Branch Services in the Pierce and King Counties. We have worked with Tania Luhde to include the necessary information you will need for this submission. Please let me know if you have any questions. Tom Dhamers | Not available | Not applicable |
| OREGON COAST BANCSHARES, INC. | FIRREA | Oregon Coast Bancshares Secretary, Cora Warfield, is retiring in July. We propose that she be replaced by CFO/Secretary Trevor Downing. | Not applicable | Not applicable |
| UNITED BUSINESS BANK | * Branch (Domestic) | United Business Bank, Walnut Creek, California, to establish a branch office at 7345 S Durango Drive, Suite 116, Las Vegas, Nevada. | Not available | Not applicable |
| VB&T Holding Company, LLC | * 3A1 | VB&T Holding Company, LLC to become a bank holding company by acquiring Zenith Bank & Trust, (proposed), both of Scottsdale, Arizona. | 06/21/2023 | 06/23/2023 |
* 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 |
|---|---|---|---|---|---|
| OAK VALLEY CMNTY BK, OAKDALE, CALIFORNIA | 1864197 | 04/27/2023 | 01/17/2023 | O | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||