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 17, 2009

Filer Filing Type Filing Proposal End of Comment Period
EAST WEST BANK Foreign Branch
* 18C
1)East West Bank, Pasadena, California, to acquire United Commercial Bank, San Francisco, California and 2)East West Bank, Pasadena, California, to acquire California Canton International Bank Cayman Ltd, George Town, Cayman, Islands.
Newspaper: Not available
Federal Register: Not applicable
EAST WEST BANK Foreign Branch East West Bank, Pasadena, Californa, to acquire California Canton International Bank Cayman, George Town, Cayman Islands.
Newspaper: Not applicable
Federal Register: Not applicable
FIRST COMMERCIAL BANK CO., LTD. FBSEA First Commercial Bank, Ltd., Taipei, Taiwan, to upgrade its New York Agency to a branch office pursuant to section 211.24(a)(2)(ii)(a) of Regulation K and section 7(d) of FBSEA.
Newspaper: Not available
Federal Register: Not applicable
FOUNDATION BANCORP, INC. CIC Notice of Change in Bank Control filed by Thomas A. and Maureen Sue Ellison, to acquire additional voting shares of Foundation Bancorp, Inc., and thereby indirectly acquire voting shares of Foundation Bank, all of Bellevue, Washington.
Newspaper: Not available
Federal Register: 10/21/2009
FRANKLIN RESOURCES, INC. * 3A3 Franklin Resources, Inc., San Mateo, California, to retain 20.4 percent of the voting shares of Guaranty Bancorp, and thereby indirectly its subsidiary, Guaranty Bank & Trust Company, both of Denver, Colorado, pursuant to section 3(a)(3) of the Bank Holding Company Act.
Newspaper: Not available
Federal Register: 09/22/2009
MNB HOLDINGS CORPORATION CIC Notice by Rommel R. Medina and Ruell R. Medina, both of San Bruno, California, to acquire additional voting shares of MNB Holdings Corporation, and indirectly, voting shares of Mission National Bank, both of San Francisco, California.
Newspaper: 08/07/2009
Federal Register: Not available


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
COASTAL CMNTY BK, EVERETT, WASHINGTON 2562164 06/22/2009 10/13/2009 S Small Bank
PACIFIC MERC BK, COSTA MESA, CALIFORNIA 2717012 06/08/2009 10/08/2009 S Int Sm Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

* Subject to the provisions of the Community Reinvestment Act

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