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 August 11, 2018

Filer Filing Type Filing Proposal End of Comment Period
BOU BANCORP, INC. CIC Change in Bank Control Notice by the Browning Family Group, Ogden, Utah, to retain shares of BOU Bancorp, Inc., and thereby retain shares of Bank of Utah, both of Ogden, Utah.
Newspaper: 08/08/2018
Federal Register: 08/01/2018
SUMMIT BANCSHARES, INC. CIC Change in Bank Control notice by Shirley and Steve Nelson to retain 35.92 percent of the voting shares of Summit Bancshares, Inc., and thereby indirectly control Summit Bank, both of Oakland, California.
Newspaper: Not available
Federal Register: Not available
SUMMIT BANCSHARES, INC. CIC Change in Bank Control notice filed by the Shirley W. Nelson 2014 Trust UA 3/05/2014, the 9/06/2001 Shirley W. Nelson Revocable Trust, Alamo, California, Steven P. Nelson, Jr., the Steven P. Nelson, Jr. Summit Stock Trust UA 6/28/2018, Alamo, California, Bobby Westmoreland, Celina, Tennessee, and Lester Kenny Westmoreland, Celina, Tennessee, to retain shares of Summit Bancshares, Inc., and thereby indirectly control Summit Bank, both of Oakland, California.
Newspaper: Not available
Federal Register: 08/28/2018


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
EAST WEST BK, PASADENA, CALIFORNIA 197478 01/30/2017 08/02/2018 S Large Bank
SEACOAST CMRC BK, SAN DIEGO, CALIFORNIA 3194638 03/06/2015 07/30/2015 O Strategic Plan


CRA Examinations scheduled for     Quarter of

Institution Location Quarter
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