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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

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.

For media inquiries, call 202-452-2955.

Attachment (PDF)

Board Votes

Last update: September 26, 2013