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 22, 2020

Filer Filing Type Filing Proposal End of Comment Period
ADYEN N.V. FBSEA Adyen, N.V., Amsterdam, Netherlands, to establish a branch in San Francisco, California, pursuant to Section 7(d) of the International Banking Act.
Newspaper: Not available
Federal Register: Not applicable
PACIFIC CREST BANCORP, INC. CIC Notice by Kerry J. Fairchild, Tulalip, Washington; Fairchild Marital Trust u/t/d January 11, 2011, Kerry J. Fairchild, Trustee; Fairchild WA Exemption Trust u/t/d January 11, 2011, Kerry J. Fairchild, Trustee; and Heidi M. Fassett and Jonathon E. Fassett, both of Selah, Washington, to retain voting shares of Pacific Crest Bancorp, Inc., and thereby indirectly retain voting shares of Pacific Crest Savings Bank, both of Lynnwood, Washington.
Newspaper: 08/27/2020
Federal Register: 08/24/2020
PRIVATE BANCORP OF AMERICA, INC. CIC Change in Bank Control Notice filed by Selwyn Isakow, LaJolla, California, to acquire additional voting shares of Private Bancorp of America, Inc. and thereby indirectly acquire voting shares of Calprivate Bank, both of LaJolla, California.
Newspaper: Not available
Federal Register: 07/21/2020


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 Fourth Quarter of 2020 (October 1, 2020 - December 31, 2020) and First Quarter of 2021 (January 1, 2021 - March 31, 2021)

Institution Location Quarter
FRIENDLY HILLS BK WHITTIER, CALIFORNIAFourth Quarter of 2020
SEACOAST CMRC BK SAN DIEGO, CALIFORNIAFourth Quarter of 2020
UNITED SCTY BK FRESNO, CALIFORNIAFourth Quarter of 2020
COASTAL CMNTY BK EVERETT, WASHINGTONFirst Quarter of 2021
EAST WEST BK PASADENA, CALIFORNIAFirst Quarter of 2021
GREEN DOT BK PROVO, UTAHFirst Quarter of 2021
HERITAGE BK OF CMRC SAN JOSE, CALIFORNIAFirst Quarter of 2021

* 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