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 December 18, 2021

Filer Filing Type Filing Proposal End of Comment Period
BANKGUAM HOLDING COMPANY CIC Voting Trust Agreement of BankGuam Holding Company, including amendment thereto ("VTA"), and Joaquin P. L. G. Cook, Chalan Pago-Ordot, Guam, as trustee, along with several parties to VTA, as a group acting in concert, to retain and acquire 25 percent or more of the outstanding voting shares of BankGuam Holding Company, and thereby indirectly retain and acquire control of Bank of Guam, both of Hagatna, Guam
Newspaper: Not available
Federal Register: Not available
BAWAG P.S.K. BANK FUR ARBAIT UND WIRTSCHAFT UND OSTERREICHISCHE POSTSPARKASSE AKTIENGESELLSCHAFT FBSEA BAWAG P.S.K. Bank Fur Arbeit und Wirtschaft und Osterreichische Postsparkasse Aktiengesellschaft, Wien, Austria, to establish a representative office at 521 Boccaccio Avenue, Venice, California, pursuant to section 10(a) of the International Banking Act.
Newspaper: Not available
Federal Register: Not applicable
COLUMBIA BANKING SYSTEM, INC. * 3A5
* 3A3
Columbia Banking System, Inc., Tacoma, Washington, to acquire Umpqua Holdings Corporation, Portland, Oregon, and its subsidiary, Umpqua Bank, Roseburg, Oregon, pursuant to sections 3(a)(3) and 3(a)(5) of the Bank Holding Company Act. In connection with this Application, Columbia Banking System, Inc., also elects to be treated as a financial holding company pursuant to section 4(l) of the BHC Act, in order to acquire the nonbanking subsidiaries of Umpqua Holdings Corporation, Portland, Oregon.
Newspaper: Not available
Federal Register: 01/07/2022
PACIFIC ENTERPRISE BANCORP CIC Change in Bank Control Notice filed by Shaul Kopelowitz, Monsey, New York, to acquire additional voting shares of Pacific Enterprise Bancorp and thereby indirectly acquire voting shares of Pacific Enterprise Bank, both of Irvine, California.
Newspaper: 12/27/2021
Federal Register: Not available
SILICON VALLEY BANK PWI Silicon Valley Bank, Santa Clara, California, proposes to make a public welfare investment of $35.0 million in Merritt SVB Fund 1, 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
BANK OF THE ORIENT, SAN FRANCISCO, CALIFORNIA 777366 08/02/2021 12/17/2021 S Int Small Bank


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