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 October 28, 2006

Filer Filing Type Filing Proposal End of Comment Period
1st Pacific Bancorp 3A1 1st Pacific Bancorp to become a bank holding company by acquiring 100 percent of 1st Pacific Bank of California, both of La Jolla, California.
Newspaper: Not applicable
Federal Register: Not applicable
ALTA ALLIANCE BANK * Branch Alta Alliance Bank, Oakland, California, to establish a mobile branch courier service to serve the counties of Contra Costa, Alameda, and San Francisco, California.
Newspaper: Not available
Federal Register: Not applicable
BELVEDERE CAPITAL FUND II L.P. 4c8 Belvedere Capital Fund II L.P., and Belvedere Capital Partners II LLC, both of San Francisco, California, to acquire up to 11 percent of the voting shares of BenefitStreet, Inc., San Ramon, California, and thereby engage in investment advisory services and providing employee benefit consulting services, pursuant to sections 225.28(b)(6)(1) and 225.28(b)(9)(ii) of Regulation Y.
Newspaper: Not applicable
Federal Register: 11/14/2006
BELVEDERE CAPITAL PARTNERS II LLC * 3A1
* 3A3
1) Green Bancorp, Inc. to become a bank holding company by acquiring 100 percent of Redstone Bank, N.A., both of Houston, Texas; 2) Belvedere Texas Holdings L.P., San Francisco, California to become a bank holding company by acquiring 49 percent of Green Bancorp, Inc., and thereby indirectly acquire Redstone Bank, N.A., both of Houston, Texas; and 3) Belvedere Capital Partners II, LLC, and Belvedere Capital Fund II L.P., both of San Francisco, California, to acquire up to 49 percent of Green Bancorp, Inc., and thereby indirectly acquire Redstone Bank, N.A., Houston, Texas.
Newspaper: 10/30/2006
Federal Register: 10/30/2006
FIRST CALIFORNIA FINANCIAL GROUP * 3A5
* 3A1
1) First California Financial Group to become a bank holding company by acquiring 100 percent of National Mercantile Bancorp, both of Los Angeles, California, and thereby indirectly acquire its subsidiary banks, Mercantile National Bank, Los Angeles, California, and South Bay Bank, N.A., Torrance, California; and 2) First California Financial Group, Los Angeles, California, to merge with FCB Bancorp, Camarillo, California, and thereby indirectly acquire its subsidiary bank, First California Bank, Camarillo, California.
Newspaper: 11/20/2006
Federal Register: 11/17/2006
NHB HOLDINGS, INC. * 3A1 NHB Holdings, Inc., Jacksonville, Florida, to become a bank holding company by acquiring 100 percent of Volvo Commercial Credit Corp. of Utah, which will be renamed Globility Bank, Salt Lake City, Utah.
Newspaper: 09/27/2006
Federal Register: 09/22/2006
NHB HOLDINGS, INC. 4c8 NHB Holdings, Inc., Jacksonville, Florida, to engage indirectly de novo through its acquisition of 50.1 percent of the voting shares of a limited liability company to be formed, in mortgage lending activities, pursuant to section 225.28(b)(1) of Regulation Y.
Newspaper: Not applicable
Federal Register: 11/14/2006
WEST VALLEY BANCORP, INC. * 3A1 West Valley Bancorp, Inc., to become a bank holding company by acquiring 100 percent of West Valley National Bank (In Organization), both of Avondale, Arizona.
Newspaper: 11/04/2006
Federal Register: 11/03/2006


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
NONE

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