Albina Community Bancorp (ACBCQ)

[rjbluesky]

Interesting Tom Steyer interview link.

http://www.givesmart.org/Stories/Donors/Tom-Steyer

I also find this interesting. It appears they will make One PacificCoast Bank a "nonbank thrift" subsidiary. And, they will buy 90% of the "voting shares of ACBC. Are these special shares owned by the holding company of ACBC and the current share structure remains as is or is it 90.1% of the current outstanding as I read somewhere that Outstanding Shares is what they will buy 90.1%?

FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and Mergers of Bank Holding Companies; Correction

This notice corrects a notice (FR Doc.2013–03831) published on page 11884 of the issue for Wednesday, February 20, 2013. Under the Federal Reserve Bank of San Francisco heading, the entry for One PacificCoast Foundation and One PacificCoast Bancorp, Inc., both in Oakland, California, is revised to read as
follows:

A. Federal Reserve Bank of San Francisco (Gerald C. Tsai, Director, Applications and Enforcement) 101 Market Street, San Francisco, California 94105–1579:

1. One PacificCoast Foundation and One PacificCoast Bancorp, Inc., both in Oakland, California, to become bank holding companies by acquiring at least 90 percent of the voting shares of Albina Community Bank, Portland, Oregon. In connection with this application, Applicant also has applied to retain voting shares of One PacificCoast Bank FSB, Oakland, California, and thereby engage in operating a nonbank thrift subsidiary, pursuant to section 225.28(b)(4)(ii).

http://www.gpo.gov/fdsys/pkg/FR-2013-03-08/pdf/2013-05388.pdf