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 December 10, 2016

Filer Filing Type Filing Proposal End of Comment Period
BANK OF HAWAII PWI Bank of Hawaii, Honolulu, Hawaii, for prior approval to make a public welfare investment in the amount of $2,837,500 in the HHF Equity Fund 11, LLC and an investment of a maximum of $3,047,500 in HHF Equity Fund 13, LLC.
Newspaper: Not applicable
Federal Register: Not applicable
BAYCOM CORP * 3A1 BayCom Corp to become a bank holding company by acquiring 100 percent of Bay Commercial Bank, both of Walnut Creek, California.
Newspaper: 12/25/2016
Federal Register: 12/23/2016
HOPE BANCORP, INC. * 4c8 Hope Bancorp, Inc., to retain 9.90 percent of the voting stock of Broadway Financial Corporation, a savings and loan holding company, and indirectly its wholly-owned subsidiary, Broadway Federal Bank, F.S.B., a federal savings bank, all of Los Angeles, California, pursuant to section 225.28(b)(4)(ii) of Regulation Y.
Newspaper: Not available
Federal Register: 01/09/2017
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