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atFederal Reserve Release
H.2
Actions of the Board, Its Staff,
and the Federal Reserve Banks;
Applications and Reports Received
No. 16
Week Ending April 16, 2011
Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2
Board Actions
April 10, 2011 to April 16, 2011
Testimony and Statements
Derivatives Regulation — statement by Governor Tarullo before the Senate
Committee on Banking, Housing, and Urban Affairs regarding the Board's views on
implementation of title VII of the Dodd-Frank Act.
- Published, April 12, 2011
Financial Stability Oversight Council — statement by J. Nellie Liang, director, Office
of Financial Stability Policy and Research, before a subcommittee of the House
Committee on Financial Services on the Board's role as a member of the Financial
Stability Oversight Council.
-Published, April 14,2011
Risk Retention — statement by Scott G. Alvarez, general counsel, before a
subcommittee of the House Committee on Financial Services regarding
implementation of the risk-retention requirements under the Dodd-Frank Act.
- Published, April 14,2011
Regulations and Policies
Savings and Loan Holding Companies — publication for comment of the Board's
notice of intent to apply certain parts of its current supervisory program for bank
holding companies to savings and loan holding companies after assuming
supervisory responsibility for them in July 2011, in accordance with the Dodd-Frank
Act.
- Approved, April 14,2011
Enforcement
Banco Industrial de Venezuela, C.A. (BIV), Caracas, Venezuela, and its agencies in
New York, New York, and Miami, Florida — issuance of a consent cease and desist
order and assessment of civil money penalties by the Board, the New York State
Banking Department, and the Florida Office of Financial Regulation.
- Announced, April 15, 2011
(A/C) = Addition or Correction
Board-Page 1 of
2
H.2
Board Actions
April 10, 2011 to April 16, 2011
Enforcement
CenterBank, Inc., Jacksonville, Florida — written agreement with the Federal Reserve
Bank of Atlanta.
- Announced, April 12, 2011
Currie Bancorporation, Inc., Currie, Minnesota — written agreement dated
November 3, 2008, terminated April 12, 2011.
- Announced, April 14, 2011
Enforcement Actions — issuance of consent orders to ten banking organizations
(Bank of America Corporation; Citigroup Inc.; Ally Financial Inc.; HSBC North
America Holdings, Inc.; JPMorgan Chase & Co.; MetLife, Inc.; The PNC Financial
Services Group, Inc.; SunTrust Banks, Inc.; U.S. Bancorp; and Wells Fargo & Co.)
and to two vendors to mortgage servicers (Lender Processing Services, Inc. and
MERSCORP, Inc.) to address deficient practices in residential mortgage loan
servicing and foreclosure processing.
- Announced, April 13, 2011
First Chicago Bank & Trust, Chicago, Illinois ~ issuance of a prompt corrective
action directive with the consent of the bank.
- Announced, April 12, 2011
(A/C) = Addition or Correction
Board - Page 2
of
2
H.2
Actions under delegated authority
BS&R Banking Supervision and Regulation
C&CA Consumer and Community Affairs
FOMC Federal Open Market Committee
April 10,2011 to April 16,2011
RBOPS Reserve Bank Operations and Payment Systems
IF International Finance
OSD Office of Staff Director
Bank Holding Companies
Secretary
Community Bancorp LLC, Houston, Texas — to acquire Superior Bank, National
Association, Tampa, Florida.
- Approved, April 15, 2011
Chicago
Community State Bank Employee Stock Ownership Plan and Trust, Union Grove,
Wisconsin — to acquire shares of Union Bancorporation, Inc., Union Grove, and
thereby indirectly increase its control of Community State Bank.
- Approved, April 11,2011
Dallas
SSB Bancshares, Inc., Anahuac, Texas ~ to become a bank holding company and to
acquire Security State Bank, Anahuac.
- Withdrawn, April 13, 2011
Bank Mergers
St. Louis
Triumph Bank, Memphis, Tennessee — to purchase certain assets and assume certain
liabilities of the Arlington Community Bank, Arlington, branch of The Farmers Bank
of Lynchburg, Lynchburg, and to retain the acquired facility as a branch.
- Approved, April 11,2011
(A/C) = Addition or Correction
Delegated - 1 of
3
H.2
Actions under delegated authority
April 10,2011 to April 16,2011
Change in Bank Control
Minneapolis
Northern Wisconsin Bank Holding Company, Inc., Laona, Wisconsin — change in
bank control of Northern Wisconsin and its subsidiary bank, Laona State Bank,
Laona.
- Permitted, April 15, 2011
Minneapolis
PSB Financial Shares, Inc., Prinsburg, Minnesota — change in bank control of
PSB Financial and its subsidiary bank, Prinsbank, Prinsburg.
- Permitted, April 14, 2011
Kansas City
Security Financial Services Corporation, Enid, Oklahoma — change in bank control
of Security Financial and its subsidiary bank, The Security National Bank of Enid,
Enid.
- Permitted, April 15, 2011
Extensions of Time
Richmond
CapGen Capital Group IV LLC, New York, New York, and CapGen Capital Group
IV LP — extension to July 14, 2011, to become bank holding companies and to
acquire shares of Jacksonville Bancorp, Jacksonville, Florida, and indirectly acquire
The Jacksonville Bank.
- Granted, April 14, 2011
(A/C) = Addition or Correction
Delegated - 2
of
3
H.2
Actions under delegated authority
April 10,2011 to April 16,2011
Extensions of Time
Cleveland
First Southern Bancorp, Inc., Stanford, Kentucky — extension to July 16, 2011, to
acquire shares of CKF Bancorp, Inc., Danville, and thereby indirectly acquire an
interest in Central Kentucky Federal Savings Bank.
- Granted, April 15, 2011
Boston
Sugar River Bancorp, MHC, Newport, New Hampshire — extension to July 15, 2011,
to become a mutual bank holding company and to acquire Sugar River Bank,
Newport.
- Granted, April 13, 2011
Financial Holding Companies
Chicago
Terre Haute Savings, MHC, Inc., Terre Haute, Indiana — election to become a
financial holding company.
- Effective, April 13, 2011
(A/C) = Addition or Correction
Delegated - 3
of
3
District: 1
Federal Reserve Bank of Boston
Filings received during the week ending April 16, 2011
Filer
MECHANICS BANCORP, MHC
Filing Type
* 3A1
*3A3
STATE STREET BANK AND
TRUST COMPANY
Investment
STATE STREET BANK AND
TRUST COMPANY
Investment
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
Mechanics Bancorp, MHC and Mechanics
Bancorp, Inc., both of Taunton, Massachusetts,
to become a mutual bank holding company and
a stock bank holding company, respectively, by
acquiring Mechanics Co-operative Bank,
Taunton, Massachusetts, pursuant to sections
3(a)(1) and 3(a)(3) of the Bank Holding
Company Act of 1956, as amended.
Newspaper:
Not available
Federal Register:
Not available
State Street Bank & Trust Company and State
Street International Holdings (SSIH), both of
Boston, Massachusetts, prior notice pursuant
to Section 211.9(f) of Regulation K to establish
and invest in a new, indirect subsidiary of SSIH
in Jerudong, Brunei.
Newspaper:
Not applicable
Federal Register:
Not applicable
State Street Bank & Trust Company and State
Street International Holdings (SSIH), both of
Boston, Massachusetts, seek prior notice
pursuant to section 211.9(f) of Regulation K to
invest in a subsidiary of SSIH in excess of the
aggregate investment limits in connection with
the investment of indemnity proceeds from
State Street Holdings Italy S.r.l. to State Street
Bank S.p.A.
Newspaper:
Not applicable
Federal Register:
Not applicable
District: 1
Federal Reserve Bank of Boston
Availability of CRA P u b l i c E v a l u a t i o n s
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:
0 = 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.
CRA
RSSD
Exam Date
Institution / Location
ID
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Public Date
CRA
Rating
Exam Method
District: 2
Federal Reserve Bank of New York
Filings received during the week ending April 16, 2011
Filer
Filing Type
Filing Proposal
End of Comment Period
CHINA INVESTMENT
CORPORATION
* 3A1
Application by China Investment Corporation
and Central Huijin Investment Limited, both
located in Beijing, China, for prior approval to
indirectly acquire 80 percent of The Bank of
East Asia (U.S.A.) National Association, New
York, New York, pursuant to Section 3(a)(1) of
the Bank Holding Company Act of 1956, as
amended.
Newspaper:
Federal Register:
Not available
05/12/2011
INDUSTRIAL AND
COMMERCIAL BANK OF CHINA
LIMITED
* 3A1
Application by Industrial and Commercial Bank
of China Limited, Beijing, China, for prior
approval to acquire 80 percent of The Bank of
East Asia (U.S.A.) National Association, New
York, New York, pursuant to Section 3(a)(1) of
the Bank Holding Company Act of 1956, as
amended.
Newspaper:
Federal Register:
Not available
05/12/2011
* Subject to the provisions of the Community Reinvestment Act
District: 2
Federal Reserve Bank of New York
Availability of CRA Public E v a l u a t i o n s
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:
0 = 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.
RSSD
Exam Date
Institution / Location
ID
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
CRA
Public Date
CRA
Rating
Exam Method
District: 3
Federal Reserve Bank of Philadelphia
Filings received during the week ending April 16, 2011
Filer
Filing Type
Filing Proposal
LUZERNE BANK
* 18C
Premises
Luzerne Bank, Luzerne, PA, to purchase certain
assets and assume the liabilities of the Hazle
Township Branch of First Columbia Bank and
Trust Company, Bloomsburg, PA, located at 10
Dessen Drive, Hazle Township, PA.
* Subject to the provisions of the Community Reinvestment Act
End of Comment Period
Newspaper:
Federal Register:
05/06/2011
Not applicable
District: 3
Federal Reserve Bank of Philadelphia
Availability of CRA P u b l i c E v a l u a t i o n s
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:
0 = 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.
CRA
RSSD
Exam Date
Institution / Location
ID
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Public Date
CRA
Rating
Exam Method
District: 4
Federal Reserve Bank of Cleveland
Filings received during the week ending April 16, 2011
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
District: 4
Federal Reserve Bank of Cleveland
Availability of CRA P u b l i c E v a l u a t i o n s
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:
0 = 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.
RSSD
Exam Date
Institution / Location
ID
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
CRA
Public Date
CRA
Rating
Exam Method
District: 5
Federal Reserve Bank of Richmond
Filings received during the week ending April 16, 2011
Filer
BALTIMORE COUNTY SAVINGS
BANK FEDERAL SAVINGS
BANK
CARROLL BANCORP, INC.
CONGRESSIONAL BANK
PIEDMONT COMMUNITY BANK
HOLDINGS, INC.
Filing Type
Member
3A1
* Branch
4c8
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
Baltimore County Savings Bank Federal Savings
Bank, Baltimore, Maryland, to become a member
of the Federal Reserve System upon its
conversion to a state-chartered commercial
bank.
Newspaper:
Not applicable
Federal Register:
Not applicable
Carroll Bancorp, Inc., Sykesville, Maryland, to
become a bank holding company through the
acquisition of 100% of the voting stock of
Carroll Community Bank, Sykesville, Maiyland,
upon its conversion from a mutual state savings
bank to a state-chartered stock commercial
bank.
Newspaper
Not available
Federal Register:
04/21/2011
Congressional Bank, Potomac, Maryland, to
establish a branch at 150 Elden Street, Herndon,
Virginia
Newspaper:
04/28/2011
Federal Register:
Not applicable
Piedmont Community Bank Holdings, Inc.,
Raleigh, North Carolina, to engage in extending
credit and serving loans activities and
asset-management, servicing, and collection
activities through its subsidiary, VantageSouth
Holdings, LLC Raleigh, North Carolina.
Newspaper:
Not applicable
Federal Register:
Not available
District: 5
Federal Reserve Bank of Richmond
Availability of CRA P u b l i c E v a l u a t i o n s
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:
0 = 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.
RSSD
Exam Date
Institution / Location
ID
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
CRA
Public Date
CRA
Rating
Exam Method
District: 6
Federal Reserve Bank of Atlanta
Filings received during the week ending April 16, 2011
Filer
COCONUT GROVE
BANKSHARES, INC.
PB Bancshares, Inc. Employee
Stock Ownership Plan
Filing Type
CIC
3A1
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
Prior change in control notice filed by Phillip
Frost, Miami Beach, Flroida, to acquire
approximately 12.76 percent of the outstanding
shares of voting securities of Coconut Grove
Bankshares, Inc., and its subsidiaiy, Coconut
Grove Bank, both of Miami, Florida. Total pro
forma ownership will equal 20.44 percent.
Newspaper:
04/26/2011
Federal Register:
05/02/2011
PB Bancshares, Inc., Employee Stock
Ownership Plan, to become a bank holding
company by retaining 27.34 percent of the
outstanding shares of PB Bancshares, Inc., and
its subsidiary bank, Peoples Bank, all of Clifton,
Tennesse
Newspaper:
05/13/2011
Federal Register:
Not available
District: 6
Federal Reserve Bank of Atlanta
Availability of CRA P u b l i c E v a l u a t i o n s
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:
0 = 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.
CRA
RSSD
Exam Date
Institution / Location
ID
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Public Date
CRA
Rating
Exam Method
District: 7
Federal Reserve Bank of Chicago
Filings received during the week ending April 16, 2011
Filer
BANK MIDWEST
Filing Type
* 18C
* Branch
HOMETOWN BANCORP, LTD.
VILLAGE BANK & TRUST
CIC
* Branch
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
Bank Midwest, Spirit Lake, Iowa, to merge with
Farmers State Bank of Sherbum, Sherburn,
Minnesota. As a result of the merger, Bank
Midwest will establish a branch office at 33
North Main Street, Sherburn, Minnesota.
Newspaper:
Not available
Federal Register:
Not applicable
Notice by Ralph C. Stayer, Naples, Florida,
individually, and Ralph C. Stayer together with
Shelly A. Stayer, Naples, Florida, the RFS 2010
Irrevocable Trust F/B/O Ralph C. Stayer, the
Shelly A. Stayer 2010 Childrens Trust, Michael
G. Kuechler and Maiy A. Kuechler, Fond du
Lac, Wisconsin, Michael G. Kuechler and Ralph
C. Stayer as trustees of the RFS 2010
Irrevocable Trust F/B/O Ralph C. Stayer, and
Michael G. Kuechler and Mary A. Kuechler as
trustees of the Shelly A. Stayer 2010 Childrens
Trust, as a group acting in concert, to acquire 10
percent or more of the voting shares of
Hometown Bancorp, Ltd., Fond du Lac,
Wisconsin, and thereby indirectly acquire
control of Hometown Bank, Fond du Lac,
Wisconsin.
Newspaper:
04/20/2011
Federal Register:
04/21/2011
Village Bank & Trust Company, Arlington
Heights, Illinois, to establish a branch facility to
be located at 1545 Ellinwood Avenue, Des
Plaines, Illinois.
Newspaper:
Federal Register:
05/05/2011
Not applicable
District: 7
Federal Reserve Bank of Chicago
Availability of CRA P u b l i c E v a l u a t i o n s
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:
0 = Outstanding
S = Satisfactory
NI = Needs to improve
5N = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
CRA
RSSD
Exam Date
Institution / Location
ID
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Public Date
CRA
Rating
Exam Method
District: 8
Federal Reserve Bank of St. Louis
Filings received during the week ending April 16, 2011
Filer
ARVEST BANK
SOUTHERN BANCORP BANK
Filing Type
* Branch
* Branch
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
Arvest Bank, Fayetteville, Arkansas, to
establish a branch facility to be located at 2251
North 9th Street, Broken Arrow, Oklahoma.
Newspaper:
04/28/2011
Federal Register:
Not applicable
Southern Bancorp Bank, Arkadelphia,
Arkansas, to establish a branch facility to be
located at 970 Byhalia Road, Hernando,
Mississippi.
Newspaper:
Federal Register:
04/26/2011
Not applicable
District: 8
Federal Reserve Bank of St. Louis
Availability of CRA P u b l i c E v a l u a t i o n s
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:
0 = 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.
CRA
RSSD
Exam Date
Institution / Location
ID
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Public Date
CRA
Rating
Exam Method
District: 9
Federal Reserve Bank of Minneapolis
Filings received during the week ending April 16, 2011
Filer
Filing Type
Filing Proposal
End of Comment Period
FARMERS STATE
CORPORATION
CIC
Notice by Stuart James Sneer, Mankato,
Minnesota, as a trustee of three Sneer Family
trusts to individually acquire control of 25% or
more of Farmers State Corporation, Mankato,
Minnesota, and thereby indirectly acquire
control of United Prairie Bank, Mountain Lake,
Minnesota. Notice by Jeffrey Lee Weldon,
Mankato, Minnesota, as a trustee of four Sneer
Family trusts to individually acquire control of
25% or more of Farmers State Corporation,
Mankato, Minnesota, and thereby indirectly
acquire control of United Prairie Bank,
Mountain Lake, Minnesota. Notices by Jennifer
Susan Johnson, Chanhassen, Minnesota, as
trustee of three Sneer Family trusts, the Stuart
James Sneer Revocable Trust, the Stuart James
Sneer Irrevocable Trust I, the Stuart James
Sneer Irrevocable Trust II, the Jennifer Susan
Johnson Revocable Trust, the Jennifer Susan
Johnson Irrevocable Trust I, and the Jennifer
Susan Johnson Irrevocable Trust II, all of
Mankato, Minnesota, to join the James and
Susan Sneer Family Group which controls 25%
or more of Farmers State Corporation, Mankato,
Minnesota, and thereby indirectly controls
United Prairie Bank, Mountain Lake, Minnesota.
Newspaper:
Federal Register:
04/20/2011
04/15/2011
FIRST BANCORPORATION, INC.
CIC
Kristine H. Cleary, Whitefish Bay, Wisconsin,
as an individual; trustee of the 2008 Family
Irrevocable Trust KHC ("KHC Trust"); and
custodian of three minor children to acquire
control of First Bancorporation, Inc. ("First BC")
and thereby indirectly acquire control of State
Bank Financial ("Bank"), both of La Crosse,
Wisconsin. Sandra G. Cleary, La Crosse,
Wisconsin, as an individual; trustee of the 2008
Family Irrevocable Trust SGC ("SGC Trust");
and custodian of two minor children to acquire
control of First BC and thereby indirectly
acquire control of Bank. In addition, KHC Trust
and SGC Trust, both of La Crosse, Wisconsin,
and five minor children to acquire and retain
shares of First BC and thereby join the Cleary
Family Group, which controls First BC.
Newspaper:
04/22/2011
F ederal Register:
04/25/2011
* Subject to the provisions of the Community Reinvestment Act
District: 9
Federal Reserve Bank of Minneapolis
Availability of CRA Public E v a l u a t i o n s
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:
0 = 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.
RSSD
Exam Date
Institution / Location
ID
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
CRA
Public Date
CRA
Rating
Exam Method
District: 10
Federal Reserve Bank of Kansas City
Filings received during the week ending April 16, 2011
Filer
BAILEYVILLE BANCSHARES,
INC.
FARMERS STATE
BANCSHARES, INC.
Filing Type
CIC
3A1
FARMERS STATE
BANKSHARES, INC.
CIC
FRONTIER MANAGEMENT, LLC
CIC
LAWRENCE FINANCIAL
CORPORATION
CIC
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
Notification by Paul R. Boeding and Marilyn E.
Boeding, both of Seneca, Kansas, to acquire
control of Baileyville Bancshares, Inc., parent of
Baileyville State Bank, both in Seneca, Kansas.
Newspaper:
04/05/2011
Federal Register:
04/22/2011
Farmers State Bancshares, Inc., to become a
bank holding company through the acquisition
of 100 percent of the voting shares of Farmers
State Investment Co., parent of Farmers State
Bank, all in Dodge, Nebraska.
Newspaper:
04/30/2011
Federal Register:
05/06/2011
Notification by Jeffrey C. Wallace, Cheyenne,
Wyoming, individually; and the Kimberly Ann
Sumner Irrevocable Trust Dated 01/10/91,
Jeffrey C. Wallace, trustee, individually; to
retain control of Farmers State Bankshares, Inc.,
parent of Wyoming Bank & Trust, both in
Cheyenne, Wyoming.
Newspaper:
04/18/2011
Federal Register:
04/27/2011
Notice submitted by the Mark T. Mowat,
Omaha, Nebraska, as a member of a group
acting in concert, to acquire control of Frontier
Management, LLC, Omaha, Nebraska. Frontier
Management, LLC is a bank holding company
by virtue of its management agreement with and
control of the affairs of Frontier Holdings, LLC,
Omaha, Nebraska. Frontier Holdings, LLC
controls Frontier Bank, Madison, Nebraska,
Frontier Bank, Davenport, Nebraska, and Pender
State Bank, Pender, Nebraska.
Newspaper:
Not available
Federal Register:
04/28/2011
Notification by Todd L. Sutherland, Lawrence,
Kansas, individually and as trustee of the Todd
L. Sutherland 2005 Revocable Trust, to acquire
control of Lawrence Financial Corporation,
parent of The University National Bank of
Lawrence, both in Lawrence, Kansas.
Newspaper:
Not available
Federal Register:
04/22/2011
District: 10
Federal Reserve Bank of Kansas City
Availability of CRA P u b l i c E v a l u a t i o n s
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:
0 = 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.
RSSD
Exam Date
Institution / Location
ID
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
CRA
Public Date
CRA
Rating
Exam Method
District: 11
Federal Reserve Bank of Dallas
Filings received during the week ending April 16, 2011
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
District: 11
Federal Reserve Bank of Dallas
Availability of CRA P u b l i c E v a l u a t i o n s
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:
0 = 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.
CRA
RSSD
Exam Date
Institution / Location
ID
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Public Date
CRA
Rating
Exam Method
District: 12
Federal Reserve Bank of San Francisco
Filings received during the week ending April 16, 2011
Filer
Filing Type
Filing Proposal
End of Comment Period
BANK OF TAIWAN
FBSEA
Bank of Taiwan, Taipei, Taiwan, to upgrade its
New York Agency to a branch office pursuant
to section 211.24(a)(2)(ii)(a) of Regulation K and
seciton 7(d) of FBSEA.
Newspaper:
Federal Register:
Not available
Not applicable
CASCADE BANCORP
CIC
Michael Fayne Rosinus, of Winnetka, Illinois, to
acquire 0.11 percent of the voting shares of
Cascade Bancorp, and thereby indirectly
acquire voting shares of Bank of the Cascades,
both of Bend, Oregon, and join with BOTC
Holdings LLC with respect to its investment in
Cascade Bancorp, resulting in a total collective
acquisition of 24.46% of the voting shares of
Cascade Bancorp.
Newspaper
Not available
Federal Register:
03/09/2011
Interagency Notice of Change in Control by
Wheatland Bank Employee Stock Ownership
Plan, Spokane, Washington, and its trustees,
Susan Marie Horton, Cheney, Washington;
Dennis Dale Bly, Davenport, Washington; and
Jayne Therese Deife, Marlin, Washington, for
approval to retain 23.71 percent of the
outstanding voting shares of Community
Financial Group, Inc. and thereby indirectly
Wheatland Bank, both of Spokane,
Washington.
Newspaper:
Not available
Federal Register:
04/28/2011
Interagency Notice of Change in Control by
Susan Marie Horton, Cheney, Washington;
Raymond Lee Pittman, Jr., Mesa, Arizona; Rosa
Maria Pittman, Spokane, Washington; Ted
Davis Rhodes, Spokane Valley, Washington;
and Wheatland Bank Employee Stock
Ownership Plan, Spokane, Washington,
together a group acting in concert for approval
to retain 22.13 percent of the outstanding shares
of Community Financial Group, Inc. and thereby
indirectly control Wheatland Bank, both of
Spokane, Washington.
Newspaper:
Not available
Federal Register:
04/28/2011
Mitsubishi UFJ Financial Group, Inc., Tokyo,
Japan, to acquire up to 24.9 percent of Morgan
Stanley, New York, New York, and indirectly its
subsidiaries, Morgan Stanley Capital
Management LLC, New York, New York,
Morgan Stanley Domestic Holdings, Inc., New
York, New York, Morgan Stanley Bank, National
Association, Salt Lake City, Utah, and Morgan
Stanley Private Bank, National Association,
Purchase, New York, pursuant to section 3(a)(3)
of the Bank Holding Company Act.
Newspaper:
Not available
Federal Register:
04/25/2011
COMMUNITY FINANCIAL
GROUP, INC.
CIC
COMMUNITY FINANCIAL
GROUP, INC.
CIC
MITSUBISHI UFJ FINANCIAL
GROUP, INC.
!
3A3
* Subject to the provisions of the Community Reinvestment Act
District: 12
Federal Reserve Bank of San Francisco
Availability of CRA P u b l i c E v a l u a t i o n s
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:
0 = 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.
CRA
RSSD
Exam Date
Institution / Location
ID
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Public Date
CRA
Rating
Exam Method
@FedFRASER