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 May 20, 2017

Filer Filing Type Filing Proposal End of Comment Period
CBB BANCORP, INC. * 3A1 CBB Bancorp, Inc., Dover, Delaware, to become a bank holding company by acquiring 100 percent of the capital stock of Commonwealth Business Bank, Los Angeles, California.
Newspaper: Not available
Federal Register: 06/19/2017
COASTAL COMMUNITY BANK * Branch Coastal Community Bank, Everett, Washington, to establish a branch office at 17601 140th Avenue NE, Woodinville, Washington.
Newspaper: 06/07/2017
Federal Register: Not applicable
COMMERCEWEST BANK CIC Notice by Basswood Capital Management, LLC; Basswood Opportunity Partners, LP; Basswood Financial Fund, LP; Basswood Financial Long Only Fund, LP; Basswood Partners, LLC; Basswood Opportunity Fund, Inc.; Basswood Financial Fund, Inc.; and Bennett Lindenbaum and Matthew Lindenbaum, as Managing Members of Basswood Partners, LLC, and of Basswood Capital Management, LLC; all of New York, New York; to acquire more than 10 percent of CommerceWest Bank, Irvine, California.
Newspaper: Not available
Federal Register: 06/06/2017
PACWEST BANCORP * 3A5 PacWest Bancorp, Beverly Hills, California, to acquire through merger CU Bancorp and thereby indirectly acquire California United Bank, both of Los Angeles, California.
Newspaper: Not available
Federal Register: 06/02/2017
SEACOAST COMMERCE BANK * 18C Seacoast Commerce Bank, San Diego, California, to merge with Capital Bank, San Juan Capistrano, California.
Newspaper: Not available
Federal Register: Not applicable
SILICON VALLEY BANK PWI Silicon Valley Bank, Santa Clara, California, requests prior approval to make an $11 million Low Income Housing Tax Credit investment in California Equity Fund 2017, L.P.
Newspaper: Not applicable
Federal Register: Not applicable


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 Third Quarter of 2017 (July 1, 2017 - September 30, 2017) and Fourth Quarter of 2017 (October 1, 2017 - December 31, 2017)

Institution Location Quarter
BANK OF UT OGDEN, UTAHThird Quarter of 2017
COASTAL CMNTY BK EVERETT, WASHINGTONThird Quarter of 2017
CORNERSTONE CMNTY BK RED BLUFF, CALIFORNIAThird Quarter of 2017
PACIFIC MERC BK COSTA MESA, CALIFORNIAFourth Quarter of 2017

* 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