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 July 31, 2021

Filer Filing Type Filing Proposal End of Comment Period
COLUMBIA BANKING SYSTEM, INC. * 3A5
* 3A3
Columbia Banking System, Inc., Tacoma, Washington, to acquire Bank of Commerce Holdings, and thereby indirectly acquire Merchants Bank of Commerce, both of Sacramento, California, pursuant to sections 3(a)(3) and 3(a)(5) of the Bank Holding Company Act.
Newspaper: Not available
Federal Register: Not available
GOLDWATER BANCORP, INC. * 3A1 Goldwater Bancorp, Inc. to become a bank holding company by acquiring 100 percent of Goldwater Bank, National Association, both of Phoenix, Arizona.
Newspaper: 08/26/2021
Federal Register: 09/02/2021
SILICON VALLEY BANK PWI Silicon Valley Bank, Santa Clara, California, requests prior approval to make a public welfare investment of $28.0 million in USB LIHTC Fund 2021-5, LLC.
Newspaper: Not applicable
Federal Register: Not applicable
VANGUARD GROUP, INC. CIC Notification 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 Columbia Banking System, Inc., parent of Columbia Bank, both of Tacoma, Washington.
Newspaper: 08/08/2021
Federal Register: 08/10/2021
VANGUARD GROUP, INC. CIC Notification 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 Green Dot Corporation, Pasadena, California, parent of Green Dot Bank, Provo, Utah.
Newspaper: 08/08/2021
Federal Register: 08/10/2021


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 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