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 November 21, 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
BROADWAY FINANCIAL CORPORATION * 4c8
* 3A1
Broadway Financial Corporation, Los Angeles, California, to become a bank holding company by acquiring 100 percent of CFBanc Corporation and thereby indirectly acquire City First Bank of D.C., N.A., both of Washington, D.C.
Newspaper: Not available
Federal Register: 12/07/2020
CITY FIRST ENTERPRISES, INC. * 4c8
* 3A3
City First Enterprises, Inc., Washington, D.C., to acquire Broadway Financial Corporation, Los Angeles, California. In addition, City First Enterprises, Inc., Washington, D.C., to acquire Broadway Federal Bank, FSB, Los Angeles, California, for a moment in time and thereby engage in nonbanking activities.
Newspaper: 12/01/2020
Federal Register: 12/07/2020
DMG BANCSHARES, INC. * 3A1 DMG Bancshares, Inc., to become a bank holding company by acquiring 100 percent of California First National Bank, both of Irvine, California.
Newspaper: Not available
Federal Register: 12/21/2020
UNIBANK Member UniBank, Lynnwood, Washington, to become a member of the Federal Reserve System.
Newspaper: Not applicable
Federal Register: Not applicable
VANGUARD GROUP, INC. CIC Change in Control notice submitted by The Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates (together with The Vanguard Group, Inc., "Vanguard"), and the investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard (the "Vanguard funds"), for the Vanguard funds to increase the aggregate ownership position of the Vanguard funds to more than 15 percent of the common stock of SVB Financial Group, parent of Silicon Valley Bank, both of Santa Clara, California.
Newspaper: Not available
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 First Quarter of 2021 (January 1, 2021 - March 31, 2021) and Second Quarter of 2021 (April 1, 2021 - June 30, 2021)

Institution Location Quarter
BANK OF UT OGDEN, UTAHFirst Quarter of 2021
COASTAL CMNTY BK EVERETT, WASHINGTONFirst Quarter of 2021
EAST WEST BK PASADENA, CALIFORNIAFirst Quarter of 2021
GREEN DOT BK PROVO, UTAHFirst Quarter of 2021
SILICON VALLEY BK SANTA CLARA, CALIFORNIASecond 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