Release Date: September 26, 2013
For immediate release
The Federal Reserve Board on Thursday announced its approval of the application and notice under sections 3 and 4 of the Bank Holding Company Act by One PacificCoast Foundation and One PacificCoast Bancorp, Inc. both of Oakland, California, to become bank holding companies by acquiring 90.1 percent of the common stock of Albina Community Bank, Portland, Oregon, to retain control of One PacificCoast Bank, FSB, also of Oakland, California, and to engage in certain nonbanking activities.
Attached is the Board's Order relating to this action.
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