The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
H.2, 1996, No. 15
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending April 13, 1996
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BANK HOLDING COMPANIES
Capital One Financial Corporation, Vienna, Virginia - request for exemption from anti-tying provisions
of the Bank Holding Company Act.
Approved, April 8, 1996.
Farmers State Corporation, Mountain Lake, Minnesota,
and Bank Southwest Corporation, Worthington,
Minnesota -- to acquire First Security BankMadison, Madison, Minnesota.
Approved, April 8, 1996.
First Hawaiian, Inc., Honolulu, Hawaii -- to acquire
26 branches of U.S. Bancorp, Portland, Oregon,
through the establishment of Pacific One Bank,
Portland, Oregon, and the acquisition of Idaho
First Bank, Boise, Idaho, and for Pioneer Federal
Savings Bank, Honolulu, Hawaii, to acquire five
branches of U.S. Bancorp.
Approved, April 8, 1996.
Wells Fargo & Company, San Francisco, California -request for reconsideration of the Board’s approval
of the applications to acquire First Interstate
Bancorp, Los Angeles, California.
Denied, April 9, 1996.
Woodforest Bancshares, Inc., Houston, Texas -- to
acquire Mutual Money Investments, Inc., d/b/a TriStar Financial, and engage in securities brokerage
and data processing services, underwriting and
dealing in government obligations, and acting as
riskless principal.
Approved, April 8, 1996.
BANKS, FOREIGN
Promstroybank of Russia, Moscow, Russian Federation
-- to establish a representative office in
New York, New York.
Approved, April 8, 1996.
INTERNATIONAL OPERATIONS
First National Bank of Boston, Boston,
Massachusetts -- to establish a branch in Lima,
Peru.
Permitted, April 11, 1996.
H.2
A P R I L 8, 1996
PAGE 2
TO
A P R I L 13,
1996
A C T I O N S TA K E N BY THE S T A F F A ND THE F E D E R A L R E S E R V E BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES. DOMESTIC
San Francisco
Bank of America Nevada, Las Vegas, Nevada -- to
upgrade an existing automated teller machine in the
Treasure Island Hotel and Casino at 3300 Las Vegas
Boulevard South, from cash-dispensing to fullservice.
Permitted, April 12, 1996.
Kansas City
Bank of Colorado-Western Slope, Grand Junction,
Colorado -- to establish a branch at the
intersection of Colorado State Highway 82 and
Willits Lane, El Jebel, Colorado.
Approved, April 10, 1996.
Philadelphia
Bank of Mid-Jersey, Bordentown, New Jersey -- to
establish a branch in the Acme Supermarket at
18 Broadway Road, Browns Mills, New Jersey.
Approved, April 12, 1996.
Dallas
Cleburne State Bank, Cleburne, Texas -- to establish
a branch at 200 East Highway 67, Alvarado, Texas.
Approved, April 12, 1996.
Cleveland
Fifth Third Bank, Cincinnati, Ohio -- to establish a
branch at 1029 Smithville Road, Dayton, and 950
Ohio Pike, Cincinnati, Ohio.
Approved, April 13, 1996.
Chicago
Fifth Third Bank of Central Indiana, Indianapolis,
Indiana - - t o establish a branch at 7272 Fishers
Crossing Drive, Fishers, Indiana.
Approved, April 12, 1996.
H .2
A P R I L 8, 1996
PAGE 3
TO
A P R I L 13, 1996
A C T I O N S T A K E N BY THE STA F F A N D THE F E D E R A L R E S E R V E B ANKS
UNDER DELEGATED AUTHORITY
BANK BRANCHES. DOMESTIC
Chicago
Fifth Third Bank of Central Indiana, Indianapolis,
Indiana -- to establish a branch at State Road 135
and Fry Road, Greenwood, Indiana.
Approved, April 12, 1996.
Richmond
Regency Bank, Richmond, Virginia -- to establish a
branch on the south side of Promenade Parkway near
its intersection with Huguenot Road, Midlothian,
Virginia.
Approved, April 8, 1996.
Chicago
Sparta State Bank, Sparta, Michigan -- to establish a
branch at 4170 17 Mile Road, Cedar Springs; and
4949 Plainfield N.E., Plainfield, Michigan.
Approved, April 12, 1996.
BANK HOLDING COMPANIES
Minneapolis
Am-First Financial Corporation, Madison, South Dakota
-- to acquire Madison State Bank, Madison, South
Dakota.
Approved, April 9, 1996.
Minneapolis
Am-First Financial Corporation, Madison, South Dakota
-- to acquire Farmers and Merchants Investment Co.,
Omaha, Nebraska.
Approved, April 9, 1996.
Chicago
Baylake Corp., Sturgeon Bay, Wisconsin -- request for
waiver of application to acquire Four Seasons of
Wisconsin, Inc., Manawa, Wisconsin, and The Bank.
Granted, April 12, 1996.
Philadelphia
BT Financial Corporation, Johnstown, Pennsylvania.-to acquire The Armstrong County Trust Company,
Kittanning, Pennsylvania.
Approved, April 10, 1996.
Dallas
Caddo Financial Corporation, Caddo Mills, Texas -- to
acquire State National Bank of Caddo Mills.
Approved, April 9, 1996.
H .2
A P R I L 8, 1996
PAGE 9
TO
A P R I L 13, 1996
A C T I O N S T A K E N BY T H E S T A f F A N D THE F E D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Kansas City
Emprise Financial Corporation, Wichita, Kansas - - t o
acquire WFS Bancorp, Inc., and Wichita Federal
Savings and Loan Association.
Approved, April 11, 1996.
Minneapolis
Farmers and Merchants Investment Co., Omaha, Nebraska
-- to acquire Am-First* Financial Corporation,
Madison, South Dakota.
Approved, April 9, 1996.
Richmond
FCNB Corp., Frederick, Maryland -- to acquire Harbor
Investment Corporation, Odenton, Maryland, and
Odenton Federal Savings and Loan Association,
Approved, April 10, 1996.
Kansas City
First Commerce Bancshares, Inc., Lincoln, Nebraska,
The Stuart Family Partnership, The Catherine Stuart
Schmoker Family Partnership, The James Stuart, Jr.
Family Partnership, and The Scott Stuart Family
Partnership -- to retain indirect control of 14.10
shares of Bank of Bertrans, Bertrans, Nebraska.
Approved, April 12, 1996.
Kansas City
First Commerce Bancshares, Inc., Lincoln, Nebraska,
The Stuart Family Partnership, The Catherine Stuart
Schmoker Family Partnership, The James Stuart, Jr.
Family Partnership, and The Scott Stuart Family
Partnership -- to retain indirect control of 5.20
percent of the shares of First State Bank,
Randolph, Nebraska.
Approved, April 12, 1996.
Dallas
First National Monahans Bancshares, Inc., Monahans,
Texas - - t o acquire Monahans Delaware, Financial
Corporation, Dover, Delaware, and First National
Bank of Monahans, Monahans, Texas.
Approved, April 9, 1996.
Chicago
Forrest Bancshares, Inc., Forrest, Illinois -- to
acquire Erie Bancorp, Inc., Erie, Illinois, and
Erie State Bank.
Approved, April 11, 1996.
H.2
A P R I L 8, 1996
P AGE 5
TO
A P R I L 13, 1996
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Geneva Bancshares, Inc., Geneva, Illinois -- request
for waiver of application to redeem stock.
Granted, April 9, 1996.
Chicago
GreatBanc, Inc., Aurora, Illinois -- to acquire Local
Loan Company, Chicago Heights, Illinois, and engage
in consumer finance activities.
Withdrawn, April 8, 1996.
Chicago
GreatBanc, Inc., Aurora, Illinois -- to engage in
acting as agent or broker for extensions of credit
related insurance through Local Loan Company,
Chicago Heights, Illinois.
Withdrawn, April 8, 1996.
Chicago
Heritage Bancshares Group, Inc., Minneapolis,
Minnesota -- notification of intent to engage de
novo in lending activities.
Permitted, April 12, 1996.
San Francisco
Interwest Bancorp, Reno, Nevada - - t o acquire
Interwest Mortgage, and engage in lending
activities.
Approved, April 9, 1996.
Chicago
LaMars Bancorporation, Inc., LeMars, Iowa -- to
acquire Brunsville Bancorporation, Inc.,
Brunsville; Merrill Bancorporation, Inc., Merrill,
and Farmers State Bank.
Approved, April 12, 1996.
H. 2
A P R I L 8, 1996
PAGE 6
TO
A P R I L 13,
1996
A C T I O N S T A K E N BY T HE S T A F F A N D T HE F E D E R A L R E S E R V E B ANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Dallas
Monahans Delaware Financial Corporation, Dover,
Delaware - - t o acquire First National Bank of
Monahans, Monahans, Texas.
Approved, April 9, 1996.
Chicago
Newell Bancshares, Inc., Newell, Iowa -- to acquire
First Community Bank.
Approved, April 10, 1996.
Director, BS&R
Sanwa Bank, Limited, Osaka, Japan -- relief from
commitment concerning Sanwa Business Credit
Corporation, Chicago, Illinois.
Granted, April 12, 1996.
Dallas
Star Bancshares of Nevada, Inc., Carson City,
Nevada -- to acquire First State Bank, Austin,
Texas.
Approved, April 9, 1996.
Dallas
State Bancshares, Inc., Austin, Texas -- to acquire
Star Bancshares of Nevada, Inc., Carson City,
Nevada, and First State Bank, Austin, Texas.
Approved, April 9, 1996.
Chicago
Sword Financial Corporation, Horicon, Wisconsin -notification of intent to engage de novo in lending
activities.
Permitted, April 11, 1996.
Atlanta
United Security Bancshares, Inc., Thomasville,
Alabama -- request for waiver of application to
acquire Brent Banking Company, Brent, Alabama.
Granted, April 12, 1996.
H. 2
A P R I L 8, 1996
PAG E
7
TO
A P R I L 13, 1996
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK MERGERS
Secretary
Citizens Commercial and Savings Bank, Flint, Michigan
-- to merge with Second National Bank of Saginaw,
Saginaw; National Bank of Royal Oak, Royal Oak;
State Bank of Standish, Standish; Second National
Bank of Bay City; Bay City; and Grayling State
Bank, Grayling, and to establish branches.
Approved, April 11, 1996.
Richmond
Elkridge Bank, Elkridge, Maryland -- to merge with
Odenton Federal Savings and Loan Association,
Odenton. Maryland, and to establish a branch.
Approved, April 10, 1996.
New York
Marine Midland Bank, Buffalo, New York -- to acquire
certain assets and assume certain liabilities of
River Bank America, Valley Stream, and to establish
branches.
Approved, April 12, 1996.
BANKS. NONMEMBER. AND MISCELLANEOUS INSTITUTIONS
Director, BS&R
Financial Trust Services Company, Carlisle,
Pennsylvania -- registration as transfer agent
Approved, April 12, 1996.
H.2
A P R I L 8, 1996
PAGE 8
TO
A P R I L 13, 1996
A C T I O N S T A K E N BY THE S T A F F A N D TH E F E D E R A L R E S E R V E BA N K S
UNDER DELEGATED AUTHORITY
CAPITAL STOCK
Kansas City
Community Banks of Kansas, Inc., Junction City,
Kansas -- redemption of shares.
Approved, April 12, 1996.
St. Louis
Sebastian Bankshares, Inc., Barling, Arkansas redemption of shares.
Approved, April 8, 1996.
San Francisco
Tehama County Bank, Red Bluff, California -redemption of shares.
Approved, April 8, 1996.
CHANGE IN BANK CONTROL
Dallas
Blumberg Bancunits, L.P. Seguin, Texas -- change in
bank control.
Permitted, April 9, 1996.
Dallas
Blumberg Family Partnership, L.P., Seguin, Texas -change in bank control.
Returned, April 9, 1996.
Kansas City
Community Banks of Kansas, Inc., Junction City,
Kansas -- change in bank control.
Permitted, April 12, 1996.
San Francisco
Delta National Bancorp, Manteca, California -- change
in bank control.
Returned, April 11, 1996.
Chicago
Iroquois Bancorp, Inc., Gilman, Illinois -- change in
bank control.
Permitted, April 12, 1996.
COMPETITIVE FACTORS REPORTS
Chicago
American National Bank and Trust Company, Chicago,
Illinois, proposed purchase of certain assets and
assumption of certain liabilities of NBD Bank,
Wheaton, Illinois -- report on competitive factors.
Submitted, April 11, 1996.
H. 2
A P R I L 8, 1996
P AGE 9
TO
A P R I L 13, 1996
A C T I O N S TA K E N BY T H E S T A F F A N D THE FE D E R A L R E S E R V E B A NKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Boston
Bank of Boston Corporation, Boston, Massachusetts,
proposed acquisition of the assets and assumption
of the liabilities of BayBank, FSB, Nashua, New
Hampshire -- report on competitive factors.
Submitted, April 11, 1996.
Dallas
Bank of the West, Irving', Texas, proposed acquisition
of the assets and assumption of the liabilities of
the Irving, Texas, branch at 2111 West Airport
FWY., of First National Bank, Port Neches, Texas -report on competitive factors.
Submitted, April 10, 1996.
Dallas
Charter National Bank - Colonial, Houston, Texas,
Charter National Bank - Houston; and University
National Bank - Galveston, Galveston, Texas,
proposed merger with NationsBank of Texas, N.A.,
Dallas, Texas -- report on competitive factors.
Submitted, April 10, 1996.
Chicago
Citizens First National Bank, Princeton, Illinois,
proposed purchase of certain assets and assumption
of certain liabilities of Superior Bank, F.S.B.,
.Oakbrook Terrace, Illinois -- report on competitive
factors.
Submitted, April 11, 1996.
Richmond
Exchange Bank of Kingstree, Kingstree, South
Carolina, proposed purchase of the assets and
assumption of the liabilities of the Andrews, South
Carolina, branch of NationsBank, National
Association, Charlotte, North Carolina -- report
on competitive factors.
Submitted, April 12, 1996.
Dallas
First National Bank, Port Neches, Texas, proposed
merger with Community Bank of Texas, Beaumont,
Texas -- report on competitive factors.
Submitted, April 10, 1996.
Boston
First National Bank of Boston, Boston, Massachusetts,
proposed merger with BayBank, N.A. -- report on
competitive factors.
Submitted, April 12, 1996.
H. 2
A P R I L 8, 1996
P A G E 10
TO
A P R I L 13,
1996
A C T I O N S T A K E N BY T H E S T A F F A N D T HE F E D E R A L R E S E R V E B ANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Chicago
First National Bank of Chicago, Chicago, Illinois,
proposed purchase of the assets and assumption of
the liabilities of the NBD Bank, N.A., Fox River
Grove, Illinois -- report on competitive factors.
Submitted, April 8, 1996.
Minneapolis
First National Bank of International Falls,
International Falls, Minnesota, proposed merger of
the International Falls branch of Inter Savings
Bank, fsb, Bloomington, Minnesota -- report on
competitive factors.
Submitted, April 10, 1996.
Richmond
First-Citizens Bank & Trust Company, Raleigh, North,
Carolina, proposed purchase of certain assets and
assumption of certain liabilities of the Elizabeth
City, North Carolina, branch of Triangle Bank,
Raleigh, North Carolina -- report on competitive
factors.
Submitted, April 8, 1996.
Richmond
First-Citizens Bank and Trust Company of South
Carolina, Columbia, South Carolina, proposed
purchase of certain assets and assumption of
certain liabilities of the four branches of
NationsBank, National Association, Charlotte, North
Carolina (located in the cities of New Ellenton,
Richburg, and two in Barnwell, South Carolina) -report on competitive factors.
Submitted, April 12, 1996.
Dallas
Interim Duncanville National Bank, Duncanville,
Texas, proposed merger with Duncanville National
Bank -- report on competitive factors.
Submitted, April 10, 1996.
Dallas
New Bastrop Bank, Bastrop, Texas, proposed merger
with First National Bank of Bastrop -- report on
competitive factors.
Submitted, April 10, 1996.
H.2
A P R I L 8, 1996
PAG E 11
TO
A P R I L 13, 1996
A C T I O N S T AKEN BY THE S T A F F A N D THE F E D E R A L R E S E R V E B ANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Philadelphia
New Jersey National Bank, Ewing Township, New Jersey,
proposed merger with Meridian Bank, Cherry Hill,
New Jersey -- report on competitive factors.
Submitted, April 12, 1996.
San Francisco
Norwest Bank of Nevada, F.S.B., Reno, Nevada,
proposed acquisition of the assets and assumption
of the liabilities of Primerit Bank, Federal
Savings Bank, Las Vegas, Nevada -- report on
competitive factors.
Submitted, April 9, 1996.
Richmond
Southern Bank and Trust Company, Mount Olive, North
Carolina, proposed purchase of certain assets and
assumption of certain liabilities of the Windsor,
North Carolina, branch of First-Citizens Bank 8
Trust Company, Raleigh, North Carolina -- report on
competitive factors.
Submitted, April 12, 1996.
Chicago
State Savings Bank of Caro, Caro, Michigan, proposed
purchase of the assets and assumption of the
liabilities of seven branches of Chemical Bank Bay
Area, Bay City, Michigan -- report on competitive
factors.
Submitted, April 11, 1996.
Secretary
U.S. Bank of Washington, N.A., Seattle, Washington,
proposed merger with West One Bank, Washington,
Seattle, Washington -- report on competitive
factors.
Submitted, April 8, 1996.
Secretary
.
U.S. Savings Bank of Washington, Bellingham,
Washington, proposed merger with West One Bank,
Oregon, S.B., Portland, Oregon -- report on
competitive factors.
Submitted, April 8, 1996.
H .2
A P R I L 8, 1996
P A G E 12
TO
A P R I L 13, 1996
A C T I O N S T A K E N BY T HE S T A F F A N D THE F E D E R A L R E S E R V E BA N K S
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
Director, BS&R
Bank of Nova Scotia, Halifax, Nova Scotia —
extension to divest certain properties.
Granted, April 12, 1996.
San Francisco
BankAmerica Corporation, San Francisco, California -extension to divest certain property.
Granted, April 9, 1996.
St. Louis
CNB Bancshares, Inc., Evansville, Indiana -extension to July 22, 1996, to merge with Duquoin
Bancorp, Inc., Duquoin, Illinois.
Granted, April 8, 1996.
Chicago
First National Company, Storm Lake, Iowa -- extension
to acquire Buena Vista Abstracting, and engage in
abstracting activities.
Granted, April 11, 1996.
Chicago
Firstar Bank Wisconsin, Madison, Wisconsin -extension to July 9, 1996, to merge with Firstar
Bank Wausau, N.A., Wausau; Firstar Bank Grantsburg,
N.A., Grantsburg; Firstar Bank Eau Claire, N.A.,
Eau Claire; Firstar Bank Rice Lake, N.A., Rice
Lake; Firstar Bank Manitowoc, Manitowoc; Firstar
Bank Oshkosh, N.A., Oshkosh; Firstar Bank Fond du
Lac, N.A., Fond du Lac; Firstar Bank Sheboygan,
N.A., Sheboygan, and Firstar Bank Appleton,
Appleton, Wisconsin, and to establish 41 branches
Granted, April 11, 1996.
San Francisco
Sanwa Bank, Limited, Osaka, Japan -- extension to
divest certain property.
Granted, April 9, 1996.
San Francisco
Tokai Bank, Limited, Nagoya, Japan -- extension to
divest certain property.
Granted, April 9, 1996.
Director, BS&R
USBANCORP, Inc., Johnstown, Pennsylvania -- extension
to divest certain property.
Granted, April 8, 1996.
H.2
A P R I L 8, 1996
P A G E 13
ADDITIONS AND CORRECTIONS
TO
A P R I L 13, 1996
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BANK HOLDING COMPANIES
Taylor Bancshares, Inc., North Mankato, Minnesota -petition for Board review of approval by the
Federal Reserve Bank of Minneapolis of the
application to acquire First National Bank of
Fairfax, Fairfax, Minnesota.
Denied, April 6, 1996.
REGULATIONS AND POLICIES
Truth in Lending -- report to the Congress on whether
and how rules on finance charges could be modified.
Approved, April 6, 1996.
ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS
Richmond
Piedmont Farm Credit, ACA, Statesville, North
Carolina -- registration statement.
Withdrawn, January 17, 1996.
EXTENSIONS OF TIME
Chicago
FSB Corp., Sublette, Illinois -- extension to
July 11, 1996, to acquire Farmers State Bank of
Sublette.
Granted, April 4, 1996.
FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
S E C T I O N I - A P P L I C A T I O N S S U B J E C T TO
NEWSPAPER NOTICE ONLY
Application
Comment Period Ending Date
SIS Bancorp, Inc.,
Springfield, Massachusetts
- section 3 notification
to acquire Springfield
Institution for Savings,
Springfield, Massachusetts*
Newspaper
Not Yet Established
S E C T I O N II - A P P L I C A T I O N S S U B J E C T TO B O T H
N E W S P A P E R A N D FE D E R A L R E G I S T E R N O T I C E
Application
Comment Period Ending Date
NONE
S E C T I O N III - A P P L I C A T I O N S S U B J E C T TO
FE D E R A L R E G I S T E R N O T I C E O N L Y
Application
Comment Period Ending Date
NONE
S E C T I O N IV - A P P L I C A T I O N S N O T S U B J E C T TO
F E D E R A L R E G I S T E R OR N E W S P A P E R N O T I C E
Application
NONE
SECTION V
Institution
- A V A I L A B I L I T Y OF C R A PUBL I C E V A L U A T I O N S
Examination Date
Rating**
NONE
♦Subject to CRA.
♦♦Rating Definitions:
"0" - Outstanding; "S" - Satisfactory; "N" - Needs to
Improve; "SN" - Substantial Noncompliance.
FEDERAL RESERVE BANK OF NEW YORK
C om m ent Period
E nding Date
SECTION T
Applications Subject to N ew spaper
________Notice Only________
Chemical Bank, New York, New York, to establish an offsite
electronic facility at Rose Associates, Inc., 5 East 22nd
Street, New York, New York. 1/
05/06/96
SECTION II
Applications Subject to Both
N ewspaper and Federal Register Notice
Center Bancorp, Inc. to acquire Union Center Interim National Bank
("Bank"), and to acquire indirectly, through Bank, Lehigh Savings
Bank, S.L.A., all of Union, New Jersey. _1/
05/01/96 3/
NVE Bancorp, MHC and NVE Bancorp, Inc., both of Englewood,
New Jersey, to acquire 100 percent of the shares of NVE Savings
Bank, Englewood, New Jersey ("Bank"), and thereby to become a
bank holding company with respect to Bank. 1/
05/07/96 3/
SECTION III
N onbanking Applications
(subject to Federal Register Notice Only!
The Bank of New York Co., Inc., New York, New York, to engage
through BNY Capital Markets, Inc., New York, New York, in
investment and financial advisory activities (both alone and in
combination with investment advisory activities); underwriting
and dealing in bank-eligible securities; underwriting and dealing
in municipal revenue bonds, mortgage-related securities,
commercial paper, and consumer-receivable- related securities; riskless
principal activities; privately placing all types of securities;
and making acquiring, servicing and arranging for the purchase and sale
of loans and other extensions of credit.
N/A
SECTION i n
N onbanking Applications
(subject to Federal Register Notice Only cont.t
HSBC Holdings pic, London, England, and HSBC Holdings BV,
Amsterdam, The Netherlands, to engage de novo, through
HSBC Futures, Inc., New York, New York ("Company"), in
executing and clearing, clearing without executing, and
providing other related services, including incidental advisory
services, with respect to futures and options on futures on
certain non-financial commodities. Company would also
execute without clearing, and clear without executing, futures on
certain financial products.
SECTION IV
Applications Not Involving
Public Com m ent
None.
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository institution's
CRA performance, a rating is assigned from the following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate- income neighborhoods,
in a manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
05/01/96
of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate income
neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income
neighborhoods, in a manner consistent with its resources and capabilities.
W eek Ending A pril 13. 1996
NAME O F BANK
RATING
Interchange State Bank
Satisfactory
Park 80 West/ Plaza Two
Saddle Brook, New Jersey 07663
EXAM INATION DATE
October 10, 1995
1/ Subject to provisions of Community Reinvestment Act.
2/ Later of dates specified in newspaper and Federal Register notices.
3/ Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
4/ Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available
FEDERAL RESERVE BANK OF PHILADELPHIA
SECTIO N I - A PPLICA TIO N S RECEIVED AND SU BJECT TO NEW SPAPER
N O TIC E ONLY
NONE
SECTIO N n - A PPLICA TIO N S RECEIVED AND SU B JEC T TO BOTH N EW SPAPER
AND FEDERAL R EG ISTER N O TICE
NONE
SECTION III - A PPLICATIONS RECEIVED AND SU BJECT TO FEDERAL
R EG ISTER N O TICE ONLY
NONE
SECTIO N IV - A PPLICATIONS RECEIVED AND NOT SU BJECT TO FEDERAL
REG ISTER NO TICE O R NEW SPAPER
NONE
FEDERAL RESERVE BANK OF PHILADELPHIA
SECTION V - AVAILABILITY O F CRA PU BLIC EVALUATIONS
The following institutions were examined for CRA. The 30-business day period the bank has to make
the evaluation public has lapsed during the week ending April 12, 1996.
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA performance, a rating
is assigned from the following groups:
O utstanding record of meeting com m unity credit needs.
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting com m unity credit needs.
An institution in this group has a satisfactory record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Needs to improve record of meeting com m unity credit needs.
An institution in this group needs to improve its overall record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Bank/Location
Examination Date
CRA Rating
NONE
NONE
NONE
F ed er a l Reserv e Ba nk
of Cleveland
P. 0 . BOX 6387
CLEVELAND, OHIO 44101-1387
A PPLICA TIO N S B U LLETIN
(For th e week ending A pril 13, 1996)
SEC T IO N I - A PPLICA TIO N S SU BJECT TO N EW SPA PER N O TIC E ONLY
Received application from The Croghan Colonial Bank, Fremont,
Ohio, on April 1, 1996, of its intent to merge with Union Bank
and Savings Company, Bellevue, Ohio.
Received application from WesBanco Bank Wheeling, Wheeling,
W est Virginia, on April 11, 1996, of its intent to merge with
Bank o f W eirton, Weirton, West Virginia.
Received Section 4(c)(8) notice from Mid Am, Inc., Bowling
Green, Ohio, on April 11, 1996, of its intent to purchase
substantially all the assets of and assume certain liabilities of
Spectrum Check Services, In c ., d.b.a. National Recovery Systems,
Clearwater, Florida.
SEC T IO N
* Not Yet Known #
* May 8, 1996
* April 20, 1996
n - A PPLICA TIO N S SU BJECT TO
B O TH N EW SPAPER AND FED ER A L
R E G IS T E R N O T IC E
Received Section 3(a)(3) application from Croghan Bancshares, Inc.,
Fremont, Ohio, on April 1, 1996, to acquire Union Bancshares Corp.,
Bellevue, Ohio.
* Not Yet Known #
SE C T IO N m - A PPLICA TIO N S SU BJECT TO FED ER A L R E G ISTER N O T IC E ONLY
SEC TIO N IV - A PPLICA TIO N S N O T SU BJECT TO FED ER A L R E G ISTER N O T IC E
O R N EW SPA PER N O T IC E
NONE
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to End 30 Days from Date o f Receipt
AVAILABILITY OF CRA PUBLIC EVALUATIONS
(April 12, 1996)
The following state member banks have been examined by the Federal Reserve Bank o f
Cleveland for compliance with The Community Reinvestment Act. A public evaluation
document became available from the bank(s) listed below during the week ended April 12, 1996.
If you are interested in obtaining a copy o f an evaluation document, please contact the bank(s)
directly.
There are four descriptive ratings for CRA:
OUTSTANDING: a bank in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs o f its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
SATISFACTORY: a bank in this group has a satisfactory record o f ascertaining and
helping to meet the credit needs o f its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IM PRO V E: a bank in this group needs to improve its overall record o f
ascertaining and helping to meet the credit needs o f its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
SUBSTANTIAL NON C O M PLIA N CE: a bank in this group has a substantially
deficient record of ascertaining and helping to meet the credit needs o f its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
The Bank o f Coming
P.O . Box 428
Coming, Ohio 43730
Rating: Satisfactory
Exam Date: 1-16-96
Disclosure Date: 4-11-96
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
The George Mason Bank, Fairfax, Virginia,
to establish a branch at 531-A East Market
Street, Leesburg, Virginia.*
4-27-96
Hanover Bank, Mechanicsville, Virginia,
to establish a branch at the intersection
of Sliding Hill Road and Totopotomy Trail,
Mechanicsville, Virginia.*
5-4-96
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
None.
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
None.
Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.
*Application is subject to CRA requirements.
F e d e r a l R e s e r v e B a n k of R i c h m o n d
Section V - Availability of CRA Public Evaluations
Week ending April 12, 1996
Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Examination
Date
Bank of McKenney
20718 1st Street
McKenney, Virginia
23872
1-16-96
Rating
Satisfactory
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending April 12, 1996
Section 1 - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
None.
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Fort Brooke Bancorporation
Brandon, Florida
1-BHC formation, Fort Brooke Bank, Brandon, Florida.
Not yet available*
Newnan Holdings, Inc.
Not yet available*
Newnan, Georgia
1-BHC formation, Southside Financial Group, Inc., Fayetteville, Georgia, and
thereby acquire Citizens Bank & Trust of Fayette County, Fayetteville, Georgia.
Section 3 - Applications Subject to Federal Register Only
Application
Comment Period Ending Date
Newnan Holdings, Inc.
Not yet available*
Newnan, Georgia
Through Newnan Savings Bank, FSB, Newnan, Georgia, to engage in operating a
savings association, pursuant to Section 225.25(b)(9) of Regulation Y and Section
4 (c)(8) of the Bank Holding Company Act.
Bradley County Financial Corporation
Cleveland, Tennessee
Through Tennessee Financial Services, Inc., Cleveland, Tennessee, to engage
de novo in consumer finance and insurance agency activities, pursuant to Sections
225.25 (b) (1) (i) and 225.25 (b) (8) (ii) of Regulation Y, and Section 4(c) (8) of the
Bank Holding Company A c t .
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Cumberland Bancorp, Inc.
Carthage, Tennessee
Commitment waiver request.
*Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending April 12, 1996
Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions listed below
became available during this week.
Information about an institution's CRA
evaluation may be obtained directly from the institution. In connection with the
assessment of an institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs:
An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs:
An institution has a
satisfactory record of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs: An institution needs
to improve its overall record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs: An institution has
a substantially deficient record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Bank
None.
CRA Rating
Examination
Date
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending April 12. 1996
Recently Approved Applications
Approval Date
United Security Bancshares, Inc.
04-12-96
Thomasvilie, Alabama
Request for waiver of the application requirement of Section 3(a) (3) of the Bank
Holding Company Act to acquire Brent Banking Company, Brent, Alabama.
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
I m.
Application
Branch
F&M Bank - Northeast
Pulaski, Wisconsin
2300 South Oneida Street
Ashwaubenon, Wisconsin
NP - 4-19-96
Branch
Bank One, Peoria
Peoria, Illinois
201 S. Main Street
East Peoria, Illinois
NP - 4-13-96
Branch
Bank One, Peoria
Peoria, Illinois
3103 W. Harmon Highway
Peoria, Illinois
NP - 4-13-96
Branch
Bank One, Peoria
Peoria, Illinois
3245 Court Street
Pekin, Illinois
NP - 4-13-96
Branch
Bank One, Peoria
Peoria, Illinois
3311 Sterling Avenue
Peoria, Illinois
NP - 4-13-96
Branch
Bank One, Peoria
Peoria, Illinois
901 W. Lake Avenue
Peoria, Illinois
NP - 4-13-96
Branch
Midwest Guaranty Bank
Troy, Michigan
4140 W. Maple Road
Bloomfield Township, Michigan
NP - 4-29-96
NP - Newspaper
FR - Federal Register
* - Subject to Provisions of Community Reinvestment Act
** - Not available at this time
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Im.
Application
Branch
Capac State Bank
Capac, Michigan
In the vincinty of North Avenue and Armada Ridge Road
Armada, Michigan
NP - 4-20-96
Branch
1st Source Bank
South Bend, Indiana
3600 Portage Avenue
South Bend, Indiana
5020 Grape Road
Mishawaka, Indiana
NP - 4-19-96
Branch
Union Bank & Trust Company
Evansville, Wisconsin
210 Commercial Street
Brooklyn, Wisconsin
NP - 4-20-96
Branch
Northern Trust Company
Chicago, Illinois
826 S. Northwest Highway
Barrington, Illinois
NP - 4-15-96
Merger/Branch
Baylake Bank
Sturgeon Bay, Wisconsin
to acquire the assets and liabilities of The Bank,
Manawa, Wisconsin, & establish a branch at
431 S. Bridge Street, Manawa, Wisconsin
and at King, Wisconsin
NP . **
Branch
Iowa State Bank
Hull, Iowa
1101 Main Street
Hull, Iowa
NP - 4-12-96
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Date
Type
Application
Y-l
CBR Holdings, Inc.*
Winnetka, Illinois
Community Bank of Ravenswood
Chicago, Illinois (in organization)
FR - 4-25-96
Np - **
Y-l
Main Street Bancorp, Inc.*
Princeville, Illinois
Princeville State Bank
Princeville, Illinois
FR - 4-8-96
Np - **
Y-2
Capitol Bancorp, Ltd*.
Lansing, Michigan
Bank of Tucson
Tucson, Arizona
FR - 2-28-96
NP - 4-20-96
Y-2
Associated Banc-Corp*.
Green Bay, Wisconsin
Mid-America National Bancorp, Inc.
Chicago, Illinois
Mid-America National Bank of Chicago
Chicago, Illinois
FR - 5-2-96
NP - **
Y-2
Associated Illinois Banc Corp.*
Green Bay, Wisconsin
Mid-America National Bancorp, Inc.
Chicago, Illinois
Mid-America National Bank of Chicago
Chicago, Illinois
FR - 5-2-96
NP - **
Y-l
Figge Bancshares, Inc.*
Davenport, Iowa
Ossian State Bank
Ossian, Iowa
Iowa State Bank
Calmar, Iowa
FR - 4-22-96
NP - 4-22-96
Y-2
Associated Banc-Corp.*
Green Bay, Wisconsin
F&M Bankshares of Reedsburg, Inc.
Reedsburg, Wisconsin
Farmers & Merchants Bank
Reedsburg, Wisconsin
FR - 4-25-96
NP - **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice Cont’d
Comment Period
Ending Date
Type
Application
Y-2
Associated Banc-Shares, Inc.*
Madison, Wisconsin
F&M Bankshares of Reedsburg, Inc.
Reedsburg, Wisconsin
Fanners & Merchants Bank
Reedsburg, Wisconsin
FR - 4-25-96
jvjp _ **
Y-2
Firstar Corporation*
Milwaukee, Wisconsin
Jacob Schmidt Company
St. Paul, Minnesota
American Bancorporation, Inc.
St. Paul, Minnesota
American Bank, NA
St. Paul, Minnesota
American Commercial Bank
St. Paul, Minnesota
American Bank Moorhead
Moorhead, Minnesota
American Bank Lake City
Lake City, Minnesota
FR - 4-19-96
NP - 4-24-96
Y-l
Delavan Bancshares, Inc.*
Delavan, Wisconsin
Community Bank Delavan
Delavan, Wisconsin (in organization)
FR - 4-26-96
NP - 4-26-96
Y-2
F & M Bancorporation, Inc.*
Kaukauna, Wisconsin
Community State Bank
Algoma, Wisconsin
FR - 5-7-96
]SJp _ **
Y-2
Van Diest Investment Company*
Ankeny, Iowa
East Des Moines National Bank
Des Moines, Iowa
PR - **
NP - 5-6-96
COC-HC
A.M. Saylor, Incorporated*
Hampton, Iowa
by Roger Doughan
FR - 4-26-96
jsjp . **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice Cont’d
Comment Period
Ending Date
Type
Application
COC-HC
Northern Bancshares, Inc.*
McFarland, Wisconsin
by Patricia N. Locke
FR - 5-1-96
NP - **
Y-2
Firstar Corporation of Minnesota*
Milwaukee, Wisconsin
Jacob Schmidt Company
St. Paul, Minnesota
American Bancorporation, Inc.
St. Paul, Minnesota
American Bank, NA
St. Paul, Minnesota
American Commercial Bank
St. Paul, Minnesota
American Bank Moorhead
Moorhead, Minnesota
American Bank Lake City
Lake City, Minnesota
FR - 4-19-96
NP - 4-24-96
Y-2
Independent Bank Corporation*
Ionia, Michigan
North Bank Corporation
Hale, Michigan
North Bank
Hale, Michigan
FR - 4-26-96
NP - 4-28-96
Y-l
Wildcat, Inc.*
Cedar Rapids, Iowa
VCR Bancorporation, Ltd.
Carlisle, Iowa
Hartford-Carlisle Savings Bank
Carlisle, Iowa
FR - 4-26-96
NP - 4-29-96
Central Wisconsin Bancorporation, Inc.*
Colby, Wisconsin
Owen-Curtiss State Bank
Owen, Wisconsin
PR _ **
NP - 5-3-96
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice Cont’d
Comment Period
Ending Date
Type
Application
Y-2
Northland Insurance Agency, Inc.*
Chicago, Illinois
Grand Premier Financial, Inc.
Wauconda, Illinois
Northern Illinois Financial Corporation
Wauconda, Illinois
Grand National Bank
Wauconda, Illinois
Premier Financial Services, Inc.
Freeport, Illinois
First Bank North
Freeport, Illinois
First Bank South
Dixon, Illinois
Premier Acquisition Company
Freeport, Illinois
First National Bank of Northbrook
Northbrook, Illinois
First Security Bank of Cary-Grove
Cary, Illinois
FR - 5-6-96
NP - **
Y-2
Keeco, Inc.*
Chicago, Illinois
Grand Premier Financial, Inc.
Wauconda, Illinois
Northern Illinois Financial Corporation
Wauconda, Illinois
Grand National Bank
Wauconda, Illinois
Premier Financial Services, Inc.
Freeport, Illinois
First Bank North
Freeport, Illinois
First Bank South
Dixon, Illinois
Premier Acquisition Company
Freeport, Illinois
First National Bank of Northbrook
Northbrook, Illinois
First Security Bank of Cary-Grove
Cary, Illinois
FR - 5-6-96
NP - **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice Cont’d
Type
Application
Y-2
Thomson Investment Company, Inc.*
Savanna, Illinois
Savanna Bancorp, Inc.
Savanna, Illinois
Savanna State Bank
Savanna, Illinois
Gateway State Bank
Clinton, Iowa
Comment Period
Ending Date
FR - 5-12-96
NP - **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper
Register Notice Cont’d
Federal
Comment Period
Ending Date
Type
Application
Y-l
Grand Premier Financial, Inc.*
Wauconda, Illinois
Northern Illinois Financial Corporation
Wauconda, Illinois
Grand National Bank
Wauconda, Illinois
Premier Financial Services, Inc.
Freeport, Illinois
First Bank North
Freeport, Illinois
First Bank South
Dixon, Illinois
Premier Acquisition Company
Freeport, Illinois
First National Bank of Northbrook
Northbrook, Illinois
First Security Bank of Cary-Grove
Cary, Illinois
FR - 5-6-96
NP - **
Y-2
First Merchants Corporation*
Muncie, Indiana
Union National Bancorp
Union County National Bank of Liberty
Liberty, Indiana
FR - 5-12-96
NP - **
Y-2
Hills Bancorporation*
Hills, Iowa
Trimpe’s Inc.
Lisbon, Iowa
Alliance Bancorporation
Lisbon, Iowa
Lisbon Bank and Trust Company
Lisbon, Iowa
FR - 5-10-96
NP - 5-5-96
Y-l
First Northwest Bancorp, Inc.*
Arlington Heights, Illinois
First Northwest Bank
Arlington Heights, Illinois
PR _ **
NP - **
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date
T m
Application
4(c)(8)
Peoples Bancorp, Inc.
Prairie du Chien, Wisconsin
to engage in Appraisal Services through its
subsidiary, Northridge Consulting Corp.
Prairie du Chien, Wisconsin
FR - 4-22-96
4(c)(8)
D&D Bancshares, Inc.
Mount Auburn, Iowa
to engage in making and servicing loans
FR - 4-22-96
4(c)(8)
Grand Premier Financial, Inc.
Wauconda, Illinois
Premier Insurance Services, Inc.
Warren, Illinois
FR - 5-6-96
4(c)(8)
Mahaska Investment Company
Oskaloosa, Iowa
to purchase certain assets of Boatmen’s Bank of Iowa, N.A.
and assume certain liabilities of the Sigourney Iowa Office
Des Moines, Iowa
FR - 4-26-96
4(c)(8)
Montgomery Bancshares, Inc.
Montgomery, Illinois
to engage in making and servicing loans
FR - 4-26-96
4(c)(8)
Boscobel Bancorp, Inc.
Boscobel, Wisconsin
to engage in making and servicing loans
PR . **
4(c)(8)
Hartwick Bancshares, Inc.
Hartwick, Iowa
to engage in making and servicing loans
FR - 5-2-96
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date
Jym
Application
4(c)(8)
Firstar Corporation
Milwaukee, Wisconsin
American Credit Corporation
St. Paul, Minnesota
Lake City Agency, Inc.
Lake City, Minnesota
FR - 4-19-96
4(c)(8)
Firstar Corporation of Minnesota
Milwaukee, Wisconsin
American Credit Corporation
St. Paul, Minnesota
Lake City Agency, Inc.
Lake City, Minnesota
FR - 4-19-96
Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper Notice
Tyge
Application
ROS
Northern Bankshares, Inc.
McFarland, Wisconsin
McFarland State Bank
McFarland, Wisconsin
to redeem 356 shares of stock
Federal Reserve Bank of Chicago
Section V - Availability of CRA Public Evaluations
The following state member banks have been examined by the Federal Reserve Bank of Chicago for
compliance with the CRA. The 30-business day period the bank has to make the evaluation public has
lapsed during the week ending April 12, 1996. If you are interested in obtaining a copy o f the
evaluation document, please contact the bank(s) directly.
Identification of Ratines
O-
An institution in this group has an outstanding record of, and is a leader in, ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
S-
An institution in this group has a satisfactory record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
NI -
An institution in this group needs to improve its overall record of ascertaining and helping to
meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
SN -
An institution in this group has a substantial noncompliance record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
BANK NAME/LOCATION
Old Kent Bank
106 South York Road
Elmhurst, Illinois 60126-3454
(708) 941-5200
EXAMINATION DATE
10/17/95
RATINGS
S
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING APRIL 1 2 ,1996
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application
End o f Comment Period
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
End o f Comment Period
Change in control notification involving Shawnee
Bancshares, Inc., Grand Tower, Illinois, by Rickie
L. Wiggs (previously reported during the week
ending March 15, 1996).
Newspaper: 4-18-96
Change in control notification involving Shawnee
Bancshares, Inc., Grand Tower, Illinois, by Gary F.
Hileman (previously reported during the week
ending March 15, 1996).
Newspaper: 4-18-96
♦Section 4(c)(8) notification by Peoples First Corporation,
Paducah, Kentucky, to acquire Guaranty Federal Savings
Bank, Clarksville, Tennessee.
Newspaper: 5-9-96
♦Section 4(c)(8) notification by Union Planters
Corporation, Memphis, Tennessee, to acquire Franklin
Financial Group, Inc., Morristown, Tennessee, and
thereby acquire Franklin Federal Savings Bank,
Morristown, Tennessee.
Newspaper: 5-8-96
APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
Section 4(c)(8) notification by Boatmen’s Bancshares,
Inc., St. Louis, Missouri, to acquire BIS, Inc., Des Moines,
Iowa (a de novo general insurance agency; previously
reported during the week ending March 15, 1996).
Federal Register: 4-9-96
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End o f Comment Period
None.*
* This application/notification
subject to CRA
FEDERAL RESERVE BANK O F ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Satisfactory record o f meeting community credit needs
An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with
its resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
FOR THE WEEK ENDING April 12, 1996
Name of Bank
None
Bank Address
Examination
Date
Examination
Rating
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date
Application
NONE.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period
Ending Date
Amundson Family Limited Partnership,
Sioux Falls, South Dakota, for prior approval
to become a bank holding company through the
acquisition of 48.15% of the voting shares of Beulah
Bancorporation, Inc., Sioux Falls, South Dakota.*
May 12, 1996
(Federal Register)
Community First Bankshares, Inc., Fargo, North
Dakota, for prior approval to acquire 100% of the voting
shares of the Financial Bancorp, Inc., Trinidad, Colorado.*
Not yet available
Eau Claire Financial Services, Inc., St. Paul, Minnesota,
for prior approval to acquire 93.8% of the voting shares
of the American Bank Lake City, Lake City, Minnesota.*
Not yet available
*Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section m - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date
Application
Norwest Corporation, Minneapolis, Minnesota;
Norwest Financial Services, Inc., Des Moines,
Iowa; and Norwest Financial, Inc., Des Moines,
Iowa, to engage in the activities of consumer
finance, sale of credit life insurance, and under
writing of credit life insurance related to extensions
of credit made through the office to be acquired
through the acquisition of certain assets of Cardinal
Credit Corporation, Lexington, Kentucky.
April 26, 1996
Zumbrota Agency, Inc., Zumbrota, Minnesota,
a retroactive notice to engage de novo in making
and servicing loans.
May 1, 1996
Norwest Corporation, Minneapolis, Minnesota, to
engage de novo in residential mortgage lending through
C.M.H. Mortgage Company, Westerville, Ohio, a joint
venture with Full Service Real Estate Company, dba,
Coldwell Banker Grand-Traditions.
Not yet available
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
First Premier Bank, Sioux Falls, South Dakota,
to become a member of the Federal Reserve
System.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week aiding April 12,1996
ASSIGNMENT OF RATING
Identification of Ratines
In connection with the assessment of each insured depository institution’s CRA performance, a rating
is assigned from the following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of, and is a leader in, ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall record of ascertaining and helping to
meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient record of ascertaining and helping to
meet the credit needs of its entire delineated community, including low-and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
BANK(S') EXAMINED
DATE OF EXAMINATION
Liberty State Bank
P.O. Box 64075
St. Paul, Minnesota 55164-0075
(612)646-8681
12/18/95
CRA RATING
Satisfactory
Federal Reserve Bank of Kansas City
SECTIO N I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE ONLY
APPLICATION
£ 0 S lM S il r PERIOD ENDING DATE
Bank of Colorado-Western Slope, Grand Junction,
Colorado, for prior approval to establish a branch
facility at the intersection of Colorado State Highway
82 and Willits Lane, El Jebel, Colorado.
Not Available
Tri-State Bank, Denver, Colorado, for prior approval
to establish a mobile branch facility to operate in the
Denver/Boulder metropolitan area.
Not Available
Community Bank of Parker, Parker, Colorado, for
prior approval to become a member of the Federal
Reserve System.
Not Available
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REG ISTER NOTICE
APPLICATION
COMMENT PERIOD ENDING DATE
Gerry A. And Veryln Dunlap, Lincoln, Nebraska, to
retain 34.05 percent; Michael S. Dunlap, Lincoln,
Nebraska, to retain an additional 5.9 percent, for a
total of 26.33 percent; and Angela L. Muhleisen,
Lincoln, Nebraska, to retain an additional 6.04
percent, for a total of 26.92 percent, of the voting
shares of Farmers and Merchants Investments, Inc.,
Milford, Nebraska.
May 1, 1996
Federated Bancshares, Inc., Otterville, Missouri, for
prior approval to acquire 8.72 percent of the voting
shares of First Bank of Kansas City, Kansas City,
Missouri.*
May 7, 1996
Murray D. Lull Trust, Murray D. Lull, Grantor,
Smith Center, Kansas, to retain 21.019 percent of the
voting shares of SCB Financial Corporation, Smith
Center, Kansas.
Not Available
Federal Reserve Bank of Kansas City
SECTION III - APPLICATIONS SUBJECT TO FEDERAL R EG ISTER NO TICE ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REG ISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA performance, a
rating is assigned from the following groups:
O utstanding record of meeting community credit needs
An institution in this group has an outstanding record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
Federal Reserve Bank of Kansas City
Bank/Location
None.*
*Application is subject to CRA.
Exam Date
CRA Public
Date
CRA
Rating
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF APRIL 8, 1996
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
•i
APPLICATION
** NOTICE EXP
♦Section 3(a)(1) application by
Duncanville Bancshares, Inc., Duncanville, TX, to
acquire Duncanville National Bank, Duncanville, TX
(Previously reported during the week of 3-25-96)
96/04/27
♦Section 3(a)(1) application by
Unicorp Bancshares - Delaware, Inc., Dover, DE, to acquire
OrangeBank, Orange, TX
(Previously reported during the week of 3-25-96)
96/04/21
♦Section 3(a)(3) application by
Unicorp Bancshares - Delaware, Inc., Dover, DE, to acquire
First Texas Bank, Vidor, TX
(Previously reported during the week of 3-25-96)
96/04/21
♦Section 3(a)(3) application by
Unicorp Bancshares - Texas, Inc., Orange, TX, to acquire
Vidor Bancorporation, Inc., Vidor, TX, and
First Texas Bank, Vidor, TX
(Previously reported during the week of 3-25-96)
96/04/21
♦Section 3(a)(3) application by
Plano Bancshares, Inc., Plano, TX, to acquire First
McKinney Bancshares, Inc., McKinney, TX, and First
Bank, McKinney, TX
96/05/07
♦Section 3(a)(3) application by
Plano Bancshares of Delaware, Inc., Dover, DE, to
acquire First McKinney Bancshares, Inc., McKinney,
TX, and First Bank, McKinney, TX
96/05/07
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.*
* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF APRIL 8. 1996
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Bank
None.
Date of
Examination
CRA Rating
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 4/12/96
Section I - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
West One Bank, Idaho, Boise, Idaho, to acquire
7 branch offices of U.S. Bank of Idaho, N.A.,
Coeur d ’Alene, Idaho, as a result of a merger. *
Newspaper:
Not available
First Utah Bank, Salt Lake City, Utah, to establish
a branch office at 11496 South State, Salt Lake
City, Utah. *
Newspaper:
4/26/96
Section II - Applications Sub.iect to Both
Newspaper and Federal Register Notice
B. John, Thomas J., Michael B. and Jessica M.
Barry, Aspen, Colorado, to increase ownership to
more than 25 percent of Redwood Empire Bancorp,
Santa Rosa, California. *
Newspaper:
4/28/96
Fed. Rea.:
4/29/96
U.S. Bancorp, Portland, Oregon, to merge with
California Bancshares, Inc., San Ramon, California,
and to acquire all of their bank subsidiaries. *
Newspaper:
Not available
Fed. Req.:
5/02/96
U.S. Bancorp, Portland, Oregon, to acquire an
option to purchase 19.9 percent of California
Bancshares, Inc., San Ramon, California. *
Newspaper:
Not available
Fed. Req.:
5/02/96
West Coast Bancorp, Lake Oswego, Oregon, to merge
with Vancouver Bancorp, Vancouver, Washington. *
Newspaper:
Not available
Fed. Req.:
Not available
Newspaper:
Not available
Fed. Req.:
Not available
West Coast Bancorp, Lake Oswego, Oregon, to acquire
19.9 percent of Vancouver Bancorp, Vancouver,
Washington. *
Section III -Applications Subject to Federal Register Only
None
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice (Cont’d.l
Tehama County Bank, Red Bluff, California, to reduce capital stock by 41,866 shares of
common stock.
* Subject to CRA.
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 4/12/96
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during this
week.
Information about a particular institution’s CRA evaluation may be obtained
directly from the institution.
Institution
Location
Examination Date
Rating*
None
♦Under the rating system an institution’s CRA performance is assigned one of the
following four ratings:
Outstanding record of meeting community credit needs:
An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs:
An institution has a
satisfactory record of ascertaining and meeting the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to Improve record of meeting community credit needs: An institution needs to
improve its overall record of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- to moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs:
An institution has a
substantially deficient record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- to moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.
The above listing has been prepared as a courtesy by the Federal Reserve Bank of San
Francisco, and is not intended to replace formal notices required by statute or
regulation; the Reserve Bank assumes no responsibility for errors or omissions.
@FedFRASER