Actions taken by the Federal Reserve Bank of San Francisco under delegated authority

Bank Branches, Domestic
Bank of Hawaii, Honolulu, Hawaii -- to establish a new branch at 75-971 Henry Street, Kailua-Kona.
- Approved, April 16, 2021
Bank Holding Companies
Carpenter Acquisition Corporation, Newport Beach, California -- to become a bank holding company by acquiring shares of First Colorado Financial Corp., Paonia, Colorado, and thereby indirectly acquire First Colorado National Bank.
- Withdrawn, April 13, 2021
Riverview Bancorp, Inc., Vancouver, Washington -- to convert to a bank holding company upon the conversion of its wholly owned subsidiary, Riverview Community Bank, Vancouver, from a federal savings bank to a state-chartered nonmember bank.
- Approved, April 12, 2021
First Northwest Bancorp, Port Angeles, Washington -- to acquire shares in Quin Ventures, Inc., New York, New York, and thereby indirectly extend credit and service loans, engage in activities related to credit bureau services, provide educational courses and instructional materials to consumers on individual financial management matters, and engage in certain data processing activities.
- Approved, March 31, 2021
MPB BHC, INC., Phoenix, Arizona -- to become a bank holding company by acquiring Metro Phoenix Bank, Inc., Phoenix.
- Approved, March 24, 2021
St. Laurent Investments LLC, Vancouver, Washington -- to become a bank holding company by acquiring People's Bank of Commerce, Medford, Oregon.
- Approved, March 15, 2021
Peak Bancorp, McCall, Idaho -- to become a bank holding company by acquiring Idaho First Bank, McCall.
- Returned, March 3, 2021
Golden Pacific Bancorp, Inc., Sacramento, California -- relief to Gapstow Capital Partner, L.P., and associates from certain passivity commitments provided with respect to an investment in Golden Pacific Bancorp.
- Granted, March 1, 2021
LendingClub Corporation, San Francisco, California -- (1) to become a bank holding company by acquiring Radius Bancorp, Inc., Boston, Massachusetts, a savings and loan holding company, and thereby acquiring Radius Bank, a federal savings bank, upon Radius Bank's conversion to a national bank; and (2) through its subsidiaries, LendingClub Warehouse I, LLC, et al., San Francisco, to engage de novo in extending credit and servicing loans, in activities related to extending credit, and in data processing.
- Approved, January 15, 2021
Extensions Of Time
Broadway Financial Corporation, Los Angeles, California -- extension to March 28, 2021, to become a bank holding company by acquiring CFBanc Corporation, Washington, D.C., and thereby acquire City First Bank of D.C., N.A.
- Granted, March 19, 2021
City First Enterprises, Inc., Washington, D.C. -- extension to April 15, 2021, (1) to acquire Broadway Financial Corporation, Los Angeles, California; and (2) to acquire Broadway Federal Bank, FSB, for a moment in time and thereby engage in nonbanking activities.
- Granted, March 19, 2021
Banks, State Member
East West Bank, Pasadena, California -- to make a public welfare investment.
- Approved, March 9, 2021
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
- Approved, March 8, 2021
East West Bank, Pasadena, California -- to make a public welfare investment.
- Approved, February 25, 2021
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
- Approved, January 29, 2021
East West Bank, Pasadena, California -- to make a public welfare investment.
- Approved, January 22, 2021
East West Bank, Pasadena, California -- to make a public welfare investment.
- Approved, January 19, 2021
Financial Holding Companies
The Charles Schwab Corporation, Westlake, Texas -- election to become a financial holding company.
- Effective, March 16, 2021

Last Update: May 6, 2021