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 January 10, 2015

Filer Filing Type Filing Proposal End of Comment Period
BANNER CORPORATION * 3A3 Banner Corporation, Walla Walla, Washington, to acquire Starbuck Bancshares, Inc., Seattle, Washington, and thereby indirectly acquire AmericanWest Bank, Spokane, Washington.
Newspaper: Not available
Federal Register: 02/06/2015
CATHAY FINANCIAL HOLDING CO., LTD. 4c8 Cathay Financial Holding Co., Ltd., Cathay Life Insurance Co., Ltd, and Lin Yuan Investment Co., Ltd., all of Taipei, Taiwan, and Wan Bao Development Co., Ltd., New Taipei, Taiwan, to acquire Conning Holdings Corp., Hartford, Connecticut, and thereby engage in financial and investment advisory activities, and agency transactional services for customer investments, pursuant to sections 225.28(b)(6) and 225.28(b)(7) of Regulation Y.
Newspaper: Not applicable
Federal Register: 01/29/2015
CITIC GROUP CORPORATION 4c8 CITIC Group Corporation, Beijing, China, to retain CLSA Americas, LLC, New York, New York, and to continue to engage in certain permissible nonbanking activities.
Newspaper: Not applicable
Federal Register: 01/22/2015
COMMONWEALTH BUSINESS BANK * Branch Commonwealth Business Bank of Los Angeles, California, to establish a branch facility to be located at 6041 Beach Boulevard, Buena Park, California.
Newspaper: 01/15/2015
Federal Register: Not applicable
CORNERSTONE COMMUNITY BANCORP * 3A5 Cornerstone Community Bank, Red Bluff, California, to become a bank holding company by acquiring 100 percent of the voting common stock of Cornerstone Community Bank, also of Red Bluff, California.
Newspaper: Not available
Federal Register: Not available
NHB HOLDINGS, INC. CIC Brink Investments, Christina Ann Fink, Orlando, Florida, Robert Thomas Fink, Fayetteville, Arkansas, and Timothy Russell Brose, St. Petersburg, Florida, for approval to retain over 10 percent of the voting shares of NHB Holdings, Inc., which owns Proficio Bank, both of Cottonwood Heights, Utah.
Newspaper: 07/15/2014
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
NONE


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