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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H.2, 1994, No. 14
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending April 2, 1994

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BANK HOLDING COMPANIES
Banc One Corporation, Columbus, Ohio, and Banc One
Arizona Corporation, Phoenix, Arizona --t o acquire
Capital Bancorp, Salt Lake City, Utah, and Capital
City Bank, South Salt Lake City, Utah.
Approved, March 28, 1994.
Cardinal Bancshares, Inc., Lexington, Kentucky - - t o
engage in securities brokerage activities and to
act as riskless principal through Mutual Service
Corporation, Somerset, Kentucky.
Approved, March 30, 1994.
Norwest Corporation, Minneapolis, Minnesota -- to
acquire Double Eagle Financial Corporation,
Phoenix, Arizona, and United Title Agency of
Arizona, and engage in title insurance agency
activities and real estate settlement services.
Approved, March 30, 1994.
Pacific Rim Bancorporation, San Francisco, California
-- to acquire Golden Gate Bank.
Approved, March 30, 1994.
CHANGE IN BANK CONTROL
Continental National Bancshares, Inc., El Paso, Texas
-- change in bank control.
Permitted, March 30, 1994.
INTERNATIONAL OPERATIONS
First National Bank of Chicago, Chicago, Illinois -to establish a branch in Sydney, Australia.
Permitted, April 1, 1994.
REGULATIONS AND POLICIES
Rules Regarding Equal Opportunity -- final rule.
Approved, March 30, 1994.
RESERVE BANK OPERATIONS




Federal Reserve Bank of Chicago -- planned retirement
of President Silas Keehn during the summer of 1994.
Announced, March 28, 1994.

H.2
MARCH 28, 1994
PAGE 2

TO

APRIL 1, 1994

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE 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
New York

Alden State Bank, Alden, New York --t o establish a
branch at 5802 Broadway, Lancaster, New York.
Approved, March 28, 1994.

Atlanta

Bank of Naples, Naples, Florida -- to establish a
branch at 102 N.E. Copeland Avenue, Everglades
City, Florida.
Approved, March 28, 1994.

Atlanta

Barnett Bank of West Florida, Pensacola, Florida -to establish a branch at 5918 North Davis Highway.
Approved, March 28, 1994.

Kansas City

Eaton Bank, Eaton, Colorado -- to establish a branch
at 2700 47th Avenue, Greeley, Colorado.
Approved, March 29, 1994.

Atlanta

Peoples Bank and Trust Company, Selma, Alabama --to
establish a branch at the Winn-Dixie Marketplace
within the Mid-Town Shopping Center at 701 East
Main Street, Prattville, Alabama.
Approved, April 1, 1994.

St. Louis

River Valley Bank and Trust, Lavaca, Arkansas -- to
establish a branch at Main Street, Charleston,
Arkansas.
Approved, April 1, 1994.

BANK HOLDING COMPANIES




St. Louis

Allendale Bancorp, Inc., Allendale, Illinois -- to
acquire The First National Bank of Allendale.
Approved, March 31, 1994.

Chicago

Ambank Company, Inc., Sioux Center, Iowa -- to engage
de novo in real estate appraisal services.
Permitted, March 31, 1994.

Dallas

Camino Real Delaware, Inc., Wilmington, Delaware -to acquire Camino Real Bank, N.A., Eagle Pass,
Texas.
Approved, March 28, 1994.

H.
2
MARCH 28, 1994
PAGE 3

TO

APRIL 1, 1994

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




St. Louis

Carlisle Bancshares, Inc., Little Rock, Arkansas -to acquire FirstBank of Arkansas, Brinkley,
Arkansas.
Approved, April 1, 1994.

New York

Deutsche Bank AG, Frankfurt, (Main) Federal Republic
of Germany - - t o continue through Deutsche Bank
Sharps Pixley, Inc. New York, New York and Sharps
Pixley Brokers, Inc., in (1) trading by DBSP in
gold and silver bullion and providing related
financial services; (2) trading by DBSP in platinum
bullion; and (3) execution by brokers, a futures
commission merchant, and rendering advisory
services with respect to nonfinaneial future
contracts and options on futures contracts:
copper, lead, zinc, aluminum, tin, nickel, gold,
silver and platinum.
Returned, April 1, 1994.

Kansas City

Dickinson Financial Corporation, Kansas City,
Missouri - - t o acquire certain assets and assume
certain liabilities of the Carrollton, Missouri,
branch of United Savings Bank, Lebanon, Missouri.
Approved, March 28, 1994.

Atlanta

First Bankshares of West Point, Inc., West Point,
Georgia --t o acquire First Peoples Bank, Pine
Mountain, Georgia.
Approved, March 31, 1994.

Dallas

First Sonora Bancshares, Inc., Sonora, Texas -- to
acquire First Sonora Delaware Bancshares, Inc.,
Dover, Delaware, and First National Bank of Sonora,
Sonora, Texas.
Approved, March 28, 1994.

Cleveland

First Western Bancorp, Inc., New Castle, Pennsylvania
- - t o engage de novo in lending activities through
Residential Mortgage Company.
Permitted, April 1, 1994.

H.2
MARCH 28, 1994
PAGE 4

TO

APRIL 1, 1994

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Philadelphia

Harleysville National Corporation, Harleysville,
Pennsylvania -- to acquire Security National Bank,
Pottstown, Pennsylvania.
Approved, March 29, 1994.

Richmond

Hinton Financial Corporation, Hinton, West Virginia “ to acquire The First National Bank of Hinton.
Approved, April 1, 1994.

Secretary

Keystone Financial, Inc., Harrisburg, Pennsylvania -proposal that National Bank of the Main Line,
Wayne, Pennsylvania, acquire Elmwood Federal
Savings Bank, Media, Pennsylvania.
Approved, March 31, 1994.

Minneapolis

Lake Park Bancshares, Inc., Lake Park, Minnesota -to engage de novo in making loans for its own
account.
Permitted, March 30, 1994.

Minneapolis

Norwest Corporation, Minneapolis, Minnesota -- to
engage in full service brokerage business through
acquisition of the discount brokerage business of
First National Bank of Detroit Lakes, Detroit
Lakes, Minnesota.
Approved, March 30, 1994.

Dallas

Palmer Bancshares, Inc., Palmer, Texas -- to acquire
Palmer Bancshares of Delaware, Inc., Wilmington,
Delaware, and Commercial State Bank, Palmer, Texas.
Approved, March 30, 1994.

Dallas

Palmer Bancshares of Delaware, Inc., Wilmington,
Delaware -- to acquire Commercial State Bank,
Palmer, Texas.
Approved, March 30, 1994.

Secretary

Park National Corporation, Newark, Ohio -- to acquire
Scope Leasing, Inc., Columbus, Ohio.
Approved, March 28, 1994.

H.2
MARCH 28, 1994
PAGE 5

TO

APRIL 1, 1994

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Philadelphia

Prudential Insurance Company of America, Newark, New
Jersey -- request that James G. Cullen serve on the
board of directors of Prudential while also serving
on the board of First Fidelity Bancorporation,
Lawrenceville, New Jersey.
Granted, March 30, 1994.

Chicago

Quad City Holdings, Inc., Bettendorf, Iowa --to
engage de novo in lending activities.
Permitted, March 30, 1994.

Kansas City

Stockmens Management Company, Rushville, Nebraska -to acquire Black Pipe State Bank, Martin, South
Dakota.
Approved, March 29, 1994.

St. Louis

Trans Financial Bancorp, Inc., Bowling Green,
Kentucky --t o acquire Peoples Financial Services,
Inc., Cookeville, Tennessee.
Approved, March 30, 1994.

Richmond

Union National Bancorp, Inc., Westminster, Maryland - to acquire The Union National Bank of
Westminster, Westminster, Maryland.
Approved, March 31, 1994.

BANK MERGERS




Richmond

First Community Bank, Forest, Virginia -- to purchase
certain assets and assume certain liabilities of
the Moneta, Virginia, branch of First Union
National Bank of Virginia, Roanoke, Virginia, and
to establish a branch.
Approved, March 31, 1994.

H.2
MARCH 28, 199A
PAGE 6

TO

APRIL 1, 199a

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK PREMISES
New York

Alden State Bank, Alden, New York -- investment in
bank premises.
Approved, March 28, 1994.

Richmond

Bank of McKenney, McKenney, Virginia -- investment in
bank premises.
Approved, March 28, 1994.

New York

Chemical Bank, New York, New York -- investment in
bank premises.
Approved, April 1, 1994.

Richmond

FCNB Bank, Frederick, Maryland -- investment in bank
premises.
Approved, April 1, 1994.

Kansas City

First Bank, Moore, Oklahoma -- investment in bank
premises.
Approved, March 31, 1994.

Kansas City

Gretna State Bank, Gretna, Nebraska -- investment in
bank premises.
Approved, March 31, 1994.

CAPITAL STOCK
Chicago

Geneva Bancshares, Inc., Geneva, Illinois -redemption of shares.
Returned, March 29, 1994.

Chicago

Spring Bancorp, Inc., Springdale, Illinois -redemption of shares.
Returned, April 1, 1994.

CHANGE IN BANK CONTROL




Philadelphia

Garden State Bancshares, Inc., Jackson, New Jersey -change in bank control.
Permitted, March 30, 1994.

Kansas City

OK Bancorporation, Okemah, Oklahoma -- change in bank
control.
Permitted, March 29, 1994.

H.2
MARCH 28, 1994
PAGE 7

TO

APRIL 1, 1994

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Dallas

Bluebonnet Savings Bank, FSB, Dallas, Texas, proposed
acquisition of the assets and assumption of the
liabilities of the Corpus Christi, Texas, branch at
416 North Water, of Farm & Home Savings
Association, Nevada, Missouri -- report on
competitive factors.
Submitted, March 30, 1994.

Atlanta

Chase Federal Bank, a Federal Savings Bank, Miami,
Florida, proposed purchase of the branch offices
and transfer of savings accounts from Essex Savings
Bank, F.S.B., Elizabeth City, North Carolina at
7239 West Atlantic Avenue, Delray Beach, Florida,
and 2100 Southeast Ocean Boulevard, Stuart,
Florida, and 5934 Okeeshobee Boulevard, West Palm
Beach, Florida -- report on competitive factors.
Submitted, March 28, 1994.

Richmond

Citizens Bank of Maryland, Laurel, Maryland, proposed
purchase of assets and assumption of certain
liabilities of the Lexington Park, Maryland, branch
of The Bank of Baltimore, Baltimore, Maryland -report on competitive factors.
Submitted, March 29, 1994.

Cleveland

Fifth Third Bank of Central Kentucky, Lexington,
Kentucky, proposed merger with The National Bank of
Cynthiana, Cynthiana, Kentucky -- report on
competitive factors.
Submitted, March 29, 1994.

Cleveland

Fifth Third Bank of Northern Kentucky, Inc.,
Covington, Kentucky, proposed merger with The First
National Bank of Falmouth, Falmouth, Kentucky -report on competitive factors.
Submitted, March 28, 1994.

Secretary

First Bank of North Dakota, N.A., Fargo, North
Dakota, proposed merger with United Bank of
Bismarck, Bismarck, North Dakota -- report on
competitive factors.
Submitted, March 29, 1994.

H.2
MARCH 28, 1994
PAGE 8

TO

APRIL 1, 1994

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Cleveland

Marion Bank, Marion, Ohio, proposed merger with
Marion Interim Bank, Marion, Ohio -- report on
competitive factors.
Submitted, March 28, 1994.

Minneapolis

Norwest Bank South Dakota, Sioux Falls, South Dakota,
proposed merger with Norwest State Bank, Winner,
South Dakota -- report on competitive factors.
Submitted, March 31, 1994.

Philadelphia

Portage National Bank, Portage, Pennsylvania,
proposed merger with The First National Bank of
Gallitzin, Gallitzin, Pennsylvania -- report on
competitive factors.
Submitted, March 29, 1994.

Atlanta

SouthTrust Bank of Sarasota County, Sarasota,
Florida, proposed merger with The Bank of
Bradenton, Bradenton, Florida -- report on
competitive factors.
Submitted, March 28, 1994.

Atlanta

SouthTrust Bank of Southwest Florida, N.A., Fort
Myers, Florida, proposed merger with Island Bank of
Collier County, Marco Island, Florida -- report on
competitive factors.
Submitted, March 28, 1994.

Secretary

Troy Savings Bank, Troy, New York, proposed
acquisition of certain assets and assumption of
certain liabilities of two branches of The Chase
Manhattan Bank, N.A., New York, New York -- report
on competitive factors.
Submitted, March 31, 1994.

Kansas City

Valley State Bank, Lamar, Colorado, proposed merger
with the Lamar branch of First Federal Savings Bank
of Colorado, Lakewood, Colorado -- report on
competitive factors.
Submitted, April 1, 1994.

H.2
MARCH 28, 1994
PAGE 9

TO

APRIL 1, 1994

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME
San Francisco

BankAmerica Corporation, San Francisco, California -extension to divest certain property.
Granted, March 30, 1994.

San Francisco

Dai-Ichi Kangyo Bank, Limited Tokyo, Japan -extension to divest certain property.
Granted, March 30, 1994.

Dallas

First Sonora Delaware Bancshares, Inc., Dover,
Delaware -- extension to April 27, 1994, to acquire
First National Bank of Sonora, Sonora, Texas.
Granted, March 28, 1994.

San Francisco

Mitsubishi Bank, Limited, Tokyo, Japan -- extension
to divest certain property.
Granted, March 30, 1994.

San Francisco

Mitsubishi Bank, Limited, Tokyo, Japan -- extension
to divest certain property.
Granted, March 31, 1994.

San Francisco

Wells Fargo & Company, San Francisco, California -extension to divest certain property.
Granted, March 30, 1994.

Minneapolis

Zappco, Inc., St. Cloud, Minnesota -- extension to
June 29, 1994, to engage de novo in management
consulting activities.
Granted, March 31, 1994.

San Francisco

Zions Bancorporation, Salt Lake City, Utah -extensions to divest certain properties.
Granted, April 1, 1994.

INTERNATIONAL OPERATIONS




Chicago

NBD Bank, National Association, Detroit, Michigan -to establish a branch at Adelaide, Melbourne, and
Sydney, Australia.
Returned, March 30, 1994.

H.2
MARCH 28, 1994
PAGE 10

ADDITIONS AND CORRECTIONS
TO

APRIL 1, 1994

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Boston

Peoples Heritage Financial Group, Inc., Portland,
Maine, proposed acquisition of the assets and
assumption of the liabilities of Mid Maine Savings
Bank FSB, Auburn, Maine -- report on competitive
factors.
Submitted, March 25, 1994.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Application

Comment Period Ending Date

Peoples Heritage Financial
Group, Inc., Portland,
Maine - 5(d)(3) application to
acquire Mid Maine Savings Bank, FSB,
Auburn, Maine
Shawmut National Corporation,
Hartford, Connecticut 5(d)(3) application to acquire
certain branches of Northeast
Savings, F.A., Hartford,
Connecticut

Newspaper
Not Yet Established

Newspaper 04-23-94

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Comment Period Ending Date

Application
NONE

SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
NONE

SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
*Subject to CRA.




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS

Institution

Examination Date

Ratinq**

NONE

**Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
- Needs to Improve; "SN" - Substantial Noncompliance.




"N"

Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
None.

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice

Valley National Bancorp, Wayne, New Jersey, to acquire up to
24.9 percent of the voting shares of Urban National Bank,
Franklin Lakes, New Jersey.
4/25/94 2/
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Union Bank of Switzerland, Zurich, Switzerland, to engage
de novo through its subsidiary, UBS Community Development
Corporation, New York New York, in community development
activities.

4/18/94

The Daiwa Bank, Ltd, Osaka, Japan to retain Cosmo Securities
(America) Inc., New York, New York and thereby engage in full
service brokerage activities and buying and selling all types
of securities on the order of investors as a riskless
principal as defined by Applicant.
4/29/94
Sumitomo Trust and Banking Co., Ltd., Osaka, Japan, to
acquire all of the outstanding common shares of Boullion
Aviation Services, Inc., Bellevue Washington, and thereby
engage in aircraft leasing activities, investment and
financial advisory activities, and asset management
activities with respect to aircraft loans, leases and other
financial assets.
4/29/94
SECTION IV
Applications Not Involving
______ Public Comment______
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
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 neighbor­
hoods, in a manner consistent with its resources and capabilities.
Week Ending April 2, 1994
NAME OF BANK

RATING

EXAMINATION DATE

None.
1/
2/
3/

4/

Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
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
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
First Heritage Bank# Wilkes-Barre, PA (in organization) requests permission for
membership in the Federal Reserve System, pursuant to $ 9 of the FR Act and £—208« 4_o^
Reg. H .
4/25/94
Newspaper comment period expires:

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
US Bancorp. Inc., Johnstown, PA, requests approval to acquire 100% of the voting
shares of Johnstown Interim Bank, Johnstown, PA, pursuant to Section 3(a)(3) of the BHC
Act.
N.Avail
Newspaper Comment Period expires:
4/22/94
Fed. Register comment period expires:
Fulton Financial Corporation, Lancaster, PA, requests approval to acquire 100% of MidAtlantic Bancorp, Hagerstown, MD, purusuant to Section 3(a)(5) of the BHC Act.
Newspaper Comment Period expires:
Fed. Register comment period expires:

5/2/94
N.Avarl

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
None.

SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
Taurel Bank Ebensburg, Pennsylvania requests approval to invest an additional $61,000
in bank premises in connection with its branch office in Clymer, Pennsylvania, pursuant
to Section 24(A) of the Federal Reserve Act.

1/ Subject to provisions of Community Reinvestment Act
* N/A - not yet available.




FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION V ~ AVAILABILITY OF CRA PUBLIC 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 1, 1994.

Identification of Ratings
In connection with the assessment of each insured depository
performance, a rating is assigned from the following groups:

institution's

CRA

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/Location




Examination Date
None.

CRA Rating

Federal Reserve Bank of Cleveland
Applications Bulletin
For Week Ending April 2, 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
Received OAKAR application from Northwest
Bancorp, MHC, Warren, Pennsylvania, on
March 16, 1994, to acquire 51 percent of the
outstanding stock of Northwest Savings Bank,
Warren, Pennsylvania.

* Not Yet Known #

Received prior notice from Provident Bank,
Cincinnati, Ohio, on March 30, 1994, of its
intent to establish branch facilities at the
following locations: 616 Reading Road, Mason,
Ohio; 5291 Delhi Pike, Cicninnati, Ohio; and
848 Molly Lane, Milford, Ohio.

* April 23, 1994

Received prior notice from Integra
Bank/Pittsburgh, Pittsburgh, Pennsylvania, on
March 30, 1994, of its intent to establish a
branch facility at Wm. J. Kappel Co. Building,
535 Liberty Avenue, Pittsburgh, Pennsylvania.

* April 20, 1994

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3(a) (1) application from Ohio
State Bancshares, Inc., Marion, Ohio, on
March 18, 1994, to acquire The Marion Bank,
Marion, Ohio.

*F: April 18, 1994

Received Section 4( c ) (8) application from
* Not Yet Known #
Mellon Bank Corporation, Pittsburgh, Pennsylvania,
on January 3, 1994, to acquire Dreyfus Security
Savings Bank, FSB, Paramus, New Jersey, and
Dreyfus Trust Company, Uniondale, New York.
Received Section 3(a) (1) application by Futura
* N : May 1, 1994
Banc Corp. Urbana, Ohio, on March 31, 1994, to
,
acquire Champaign National Bank and Trust, Urbana,
Oh i o .

*
N
F
#

- Subject to CRA
- Newspaper Comment Period
- Federal Register Comment Period
- Expected to end approximately 30 days from date of
application's receipt.




Applications Bulletin
For Week Ending April 2, 1994
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Received Section 4 ( c ) (8) application from
Not Yet Known #
Mellon Bank Corporation, Pittsburgh,
Pennsylvania, on February 7, 1994, to acquire
The Truepenney Corporation, The Trotwood
Corporation, The Trotwood Hunters Site A Corporation,
The Trustwood Hunters Corporation, and Dreyfus
Realty Advisors, Inc., all located in New
York, New York.
Received Section 4 (c)(8) notification from
Not Yet Known #
Progressive Banchshares, Inc., Lexington,
Kentucky, on March 30, 1994, of its intent
to engage de novo in originating, making,
or acquiring for the company's account of
the accounts of others residential mortgage,
commercial mortgage, or construction loans
AND servicing mortgage, commercial mortgage,
and construction loans for the company's
account or the accounts of others pursuant
to Section 225.25(b) (1) of Regulation Y; Acting
as agent or broker for credit life insurance and
disability insurance in conjunction with the
origination of loans pursuant to Section 225.25
(b)(8) of Regulation Y; and Providing residential
and/or commercial appraisal services pursuant to
Section 225.25(b) (16) of Regulation Y. These services
will be conducted through a wholly-owned subsidiary,
Progressive Mortgage Company, Lexington, Kentucky.
Received Section 4 ( c ) (8) application from
Not Yet Known ##
Mellon Bank Corporation, Pittsburgh, Pennsylvania,
on March 30, 1994, to acquire Belden and Associates
Investment Counsel, San Francisco, California.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
None*

*
N
F
#

-

Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from date of
application's receipt.




AVAILABILITY OF CRA PUBLIC EVALUATIONS
(April 1, 1994)
The following state member banks have been examined by the
Federal Reserve Bank of 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 1, 1994.
If you are interested in obtaining a copy of. 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 of 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
of ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
NEEDS TO IMPROVE:
a bank 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 NON COMPLIANCE:
a bank in this group has a
substantially deficient record of ascertaining and helping to meet
the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.




NONE

Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper
Notice Only
Application

Comment Period Ending Date

First Virginia Bank of Tidewater, Norfolk,
Virginia, to establish a branch at the Shore
Plaza Shopping Center, U. S. Route 13 by-pass
(Lankford Highway), Exmore, Virginia.*
First-Citizens BancShares, Inc., Raleigh,
North Carolina, to have its subsidiary,
First-Citizens Bank & Trust Company, Raleigh,
North Carolina, merge with Edgecombe Home­
stead Savings Bank, SSB, Tarboro, North
Carolina.*

4-30-94

Not yet available.

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

CNB Holdings, Inc., Pulaski, Virginia,
to become a bank holding company through
the acquisition of 100% of the voting
shares of Community National Bank, Pulaski,
Virginia.*

4-30-94

Signet Banking Corporation, Richmond,
Virginia, to acquire Pioneer Financial
Corporation, Chester, Virginia.*

5-1-94

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
Riggs National Corporation, Washington,
D. C., to engage in asset management
services through a new subsidiary of
Riggs A P Bank, London, England.
NationsBank of North Carolina, N.A.,
Charlotte, North Carolina, to establish
a subsidiary bank in Mexico.

*Application is subject to CRA requirements.



Federal Reserve Bank of Richmond

Availability of CRA Public Evaluations
Week ending April 1, 1994,

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

None.




Rating

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending April 1, 1994
Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

Dadeland Bank
Miami, Florida
To establish an ATM machine located
in the Dadeland Mall, 7535 N. Kendall
Drive, Miami, Florida.

04-25-94*

Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

Peoples Community Bancshares, Inc.
Colquitt, Georgia
After-the-fact change in control
notice by Rickey E. Stuckey and
Sheila A. Stuckey to retain 3.27
percent of the outstanding shares
of common stock of Peoples Community
Bancshares, Inc., Colquitt, Georgia.
Total ownership will equal 11.52 percent.

Not yet available*

Westside Financial Corporation
Kennesaw, Georgia
1-BHC formation, The Westside
Bank & Trust Company, Kennesaw, Georgia.

Not yet available*

St. Francisville Bancshares, Inc.
S t . Francisville, Louisiana
Change in control by Harrison Carter
Leak, III to acquire an additional 3.06
percent of the outstanding shares of
common stock.
The acquisition will
increase his total ownership to 25.26
percent.

Not yet available*

♦Subject to provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending April 1, 1994
Section 3 - Applications Subject to Federal Register Only
Application

Comment Period Ending Date

Financial Corporation of Louisiana
Crowley, Louisiana
To engage de novo by making, acquiring,
or servicing loans or other extensions of
credit, pursuant to Section 225.25(b)(1) of
Regulation Y, and acting as principal, agent,
or broker for insurance that is directly
related to extensions of credit by applicant
or its subsidiaries, and limited to assuring
repayment of such extensions of credit in the
event of the death, disability, or involuntary
unemployment of the debtor, pursuant to Section
225.25(b)(8)(i) of Regulation Y.

04-15-94

Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Southern Banking Corporation
Altamonte Springs, Florida
Request for waiver of the application requirement
of Section 3( a ) (3) of the Bank Holding Company Act
for the proposal to acquire Osceola National Bank,
Kissimmee, Florida.
Commercial Bancorp of Gwinnett,
Lawrenceville, Georgia
Commitment waiver request.

Inc.

Smyrna Bank & Trust Company
Smyrna, Georgia
Request for increase in bank premises.
Magnolia State Capital Cor p .
Magee, Mississippi
Request for waiver of the application
requirement of Section 3 (a)(5) of the
Bank Holding Company Act for the proposal
to acquire Citizens Capital Corporation,
Morton, Mississippi, and thereby directly
acquire Citizens Bank and Trust Company,
Morton, Mississippi.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending April 1, 1994
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
lowand
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 helping
to meet the credit needs of its entire delineated community,
including low- andmoderate-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.
Examination
Bank
None.




Rating

Date

Federal Reserve Bank of Chicago
Section I - A d d lications Subject to Newspaper
Notice Only
Comment Period
Ending Date

Tyne

Application

Merger/Branch

Chemical Bank and Trust Company
Midland, Michigan
Edenville, Michigan branch of First
of America Mid-Michigan, National
Association, Bay City, Michigan
5777 M-30, Tobacco Township
Edenville, Michigan*

N

- **

Oakar

Shoreline Financial Corporation
Benton Harbor, Michigan
South Haven Branch of Great Lakes
Bancorp, South Haven, Michigan*

N

- 4-13-94

Merger/Branch

M&I Marshall & Ilsley Bank
Milwaukee, Wisconsin
Valley Bank Milwaukee,
Milwaukee, Wisconsin
M&I Greater Milwaukee Bank,
Milwaukee, Wisconsin
M&I Wauwatosa State Bank,
Wauwatosa, Wisconsin

N - **




Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Datp

Type

Application

Y-2

Marquette National Corporation
Chicago, Illinois
Orland State Bank
Orland Park, Illinois*

FR - 4-1-94
N - 3-26-94

COC-HC

Withee Bank Shares, Inc.
Withee, Wi sconsin
Walter E. Ollech

FR - 4-4-94
N - 3-25-94

Y-2

Ida Grove Bancshares, Inc.
Ida Grove, Iowa
P.S.B. Bancorporation
West Des Moines, Iowa
Liberty Bank & Trust
Odebolt, Iowa*

FR - 3-18-94
N - 4-2-94

Y-2
(100%)

First Chicago Corporation
Chicago, Illinois
Lake Shore Bancorp, Inc.
Chicago, Illinois
Bank of Hinsdale
Hinsdale, Illinois
Lake Shore National Bank
Chicago, Illinois*

FR - 4-4-94
N - 3-30-94

Y-2
(16.6%)

First Chicago Corporation
Chicago, Illinois
Lake Shore Bancorp, Inc.
Chicago, Illinois
Bank of Hinsdale
Hinsdale, Illinois
Lake Shore National Bank
Chicago, Illinois*

FR - 4-4-94
N - 3-30-94

CoC-HC

Veedersburg Bank Corp.
Veedersburg, Indiana
Stephen A. Songer

FR - 3-31-94
N - **




Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(
Continued)
Comment Period
Endincr Date

Type

Application

Y-2

First Chicago Corporation
Chicago, Illinois
Hampton Park Corporation
Romeoville, Illinois
Oxford Bank
Romeoville, Illinois*

FR - 4-4-94
N - 3-30-94

CoC-HC

Blanchardville Financial Services, Inc.
Blanchardville, Wisconsin
Frederick F. Reinhardt

FR - 4-7-94
N - 3-23-94

Y-l

First Ozaukee Capital Corp.
Cedarhurg, Wisconsin
First Ozaukee Savings Bank
Cedarhurg, Wisconsin*

FR - 4-15-94
k
N _ ★"

CoC-HC

Illinois Valley Bancorp, Inc.
Morris, Illinois
Ronald L. Wohlwend, Ronald L.
Wohlwend, Trustee, Jack Lewis
Trust UTA DTD, Catherine Lewis
Trust UTA DTA

FR - 2-1-94
_ ★*
N

Y-l

TSB Financial, Inc.
Tremont, Illinois
Tremont Savings Bank
Tremont, Illinois*

FR - 4-15-94
_ **
N

CoC-HC

North Salem State Bancorporation
North Salem, Indiana
Robert Porter

FR - 4-12-94
_ ★★
N

Y-l

Bellevue State Bank Employee Stock
Ownership Plan
Bellevue, Iowa
Bellevue Service Company
Bellevue, Iowa
Bellevue State Bank
Bellevue, Iowa*

FR - 4-22-94
. **
N




Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date

Type

Application

Y-l

The First Trust Holdings, Inc.
Watseka, Illinois
First Trust and Savings Bank of Watseka
Watseka, Illinois
First National Bank of Clifton
Clifton, Illinois*

FR - 4-28-94
N - **

Y-2

Commercial Financial Corp.
Storm Lake, Iowa
Central Trust Investment, Inc.
Cherokee, Iowa
Central Trust and Savings Bank
Cherokee, Iowa*

FR
N

4-25-94
**

CoC-HC

Independence Bancshares; Inc.
FR
Independence, Iowa
N
J. L. Blin; Baywater Properties; W. Crees;
C. Fritz; V. Hoffman; W. Kuehn; G. Short;
and H. Short

3-17-94
3-14-94

CoC-HC

First State Bancorporation
FR
Independence, Iowa
NP
J. L. Blin; Baywater Properties; W. Crees;
C. Fritz; V. Hoffman; W. Kuehn; G. Short;
and H. Short

3-17-94
3-14-94

Y-2

Northern Trust of Florida Corporation
Chicago, Illinois
Beach One Financial Services, Inc.
Vero Beach, Florida
The Beach Bank of Vero Beach
Vero Beach, Florida

FR
NP

**
4-28-94

Y-2

Northern Trust Corporation
Chicago, Illinois
Beach One Financial Services, Inc.
Vero Beach, Florida
The Beach Bank of Vero Beach
Vero Beach, Florida

FR - **
NP
4-28-94




Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date

Type

Application

4 (c) (8)

Old Kent Financial Corporation
FR - 3-31-94
Grand Rapids, Michigan
CDC--invest in low income housing projects

Y-4

First Colonial Bankshares Corporation
Chicago, Illinois
First Colonial Investment Services
Elmhurst, Illinois

FR - 4-11-94

4 (c) (8)

First Ozaukee Capital Corp.
Cedarburg, Wisconsin
Engage in making, acquiring or
servicing loans

FR - 4-15-94

Y-4

Heartland Financial USA, Inc.
Dubuque, Iowa
Keokuk Bancshares, Inc.
Keokuk, Iowa
First Community Bank, A Federal
Savings Bank
Keokuk, Iowa

FR - 4-15-94




Federal Reserve Bank of Chicago
Section III - Annlications Subiect to Federal Recrister
Notice Onlv
(Continued)
Comment Period
Endincr Date

Twe

Application

4 (c) (8)

Horizon Bancorp
Michigan City, Indiana
Horizon Insurance Group, Inc.
Michigan City, Indiana--act as
insurance agent or broker

FR -

4-7-94

4 (c) (8)

Horizon Bancorp Employee Stock Ownership
Plan
Michigan City, Indiana
Horizon Insurance Group, Inc.
Michigan City, Indiana--act as
insurance agent or broker

FR -

4-7-94

Y-4

Northern Trust Corporation
Chicago, Illinois
Hazlehurst & Associates, Inc.
Atlanta, Georgia

FR -

4-6-94

Y-4

Kerndt Bank Services, Inc.
Lansing, Iowa
Peters Insurance Agency
Lansing, Iowa

FR -

4-5-94

4 (c) (8)

Valley Financial Corp.
Caro, Mi chigan
Engage in the sale of general insurance

FR - 4-18-94

Y-4

First Waukegan Corporation
Gurnee, Illinois
Hometown Finance Corporation
Glenview, Illinois

FR - 4-18-94




Federal Reserve Bank of Chicago
Section

IV

- Applications Not

S u b j e c t to F e d e r a l
Notice

Typ e

P e o p l e s B a n c o r p , Inc.
P r a i r i e du Chien, W i s c o n s i n
Purchase shares of its stock

RoS

G e n e v a B a n c s h a r e s , Inc.
Geneva, I l l i n o i s
P u r c h a s e u p to 5 . 4 p e r c e n t
of common stock

o r Newsp*p<=r

Application

RoS

Register

RoS

S p r i n g B a n c o r p , Inc.
Springfield, Illinois
Redeem 175,155 shares

RoS

*

* *

its

First State Bancorporation
Independence, Iowa
R e d e e m 1 3 . 5 6 % to 8 1 . 9 1 % o f

outstanding

common

stock

common

stock

I n d e p e n d e n c e B a n c s h a r e s , In c .
Independence, Iowa
R e d e e m 1 3 . 5 6 % to 8 1 . 9 1 % o f c o m m o n

RoS

N
FR

of

of its

stock

Newspaper
- Federal Register
- S u b j e c t to P r o v i s i o n s
- N o t a v a i l a b l e at this
-




of Community Reinvestment
time

Act

shares

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 3 0 -business day period the
bank has to make the evaluation public has lapsed during the week ending
April 1, 1994.
If you are interested in obtaining a copy of the evaluation
document, please contact the bank(s) directly.
Identification of Ratings
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 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 NAME/LOCATION

EXAMINATION DATE

-Citizens First State Bank of Walnut
105 North Main Street
Box 579
Walnut, Illinois
61376-0579
(815) 379-2141




11/22/93

RATINGS

S

Federal Reserve Bank of St. Louis
FOR THE VEEK ENDING APRIL 1, 1994

Application

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
End of Comment Period

None.

Application

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
End of Comment Period

* Section 3(a)(3) application by Bren-Mar
Properties, Inc., Columbia, Missouri, to
acquire Jack's Fork Bancorporation, Inc.,
Columbia, Missouri, First Missouri Bancorporation,
Inc., Columbia, Missouri, and First Heritage
National Bank, Davis, Oklahoma

Newspaper:

4-25-94

* Section 3(a)(3) application by Union Planters
Corporation, Memphis, Tennessee, to acquire
Union Planters Bank of Middle Tennessee, N.A. ,
Nashville, Tennessee, Union Planters Bank of Jackson,
N.A., Jackson, Tennessee, Union Planters Bank of
Eastern Tennessee, N.A., Knoxville, Tennessee, and
Union Planters Bank of Chattanooga, N.A.,
Chattanooga, Tennessee
Newspaper:

4-28-94

* Section 4(c)(8) application by First Banks, Inc.
St. Louis, Missouri, to retain 5.08% interest
in Jefferson Savings Bancorp, Inc., Ballwin,
Missouri

4-27-94

Change in Control notification involving M&P
Community Bancshares, Inc., Newport, Arkansas,
by Mary Alice Holden, John L. Corner, Sr.,
and two trusts

Newspaper:

Not yet available

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
Section 4(c)(8) notification by Country Bancorp,
Inc., Litchfield, Illinois, to engage de novo in
the sale of fixed rate annuity products in towns
with population below 5,000 (previously reported
during week ending 3-18-94)

4-12-94

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
None.
*

* This application is subject to CRA.




End of Comment Period

FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri

AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f m eeting community credit needs

An ins i u i n i t i group has an outstanding record o , and i a leader i , ascertaining and helping t
ttto n hs
f
s
n
o
meet the credit needs of i s e t r delineated community, including low- and moderate-income
t nie
neighborhoods, i a manner consistent with i s resources and c p b l t e .
n
t
aaiiis
Satisfactory record o f m eeting community credit needs

An i s i u i n i t i group has a satisfactory record of ascertaining and helping t meet the credit needs
nttto n hs
o
of i s entire delineated community, including low- and moderate- income neighborhoods, i a manner
t
n
consistent with i s resources and c p b l t e .
t
aaiiis
Needs to im prove record o f meeting community credit needs

An i s i u i n i t i group needs t improve i s overall record of ascertaining and helping t meet the
nttto n hs
o
t
o
credit needs of i s entire delineated community, including low- and moderate-income neighborhoods, i a
t
n
manner consistent with i s resources and c p b l t e .
t
aaiiis
Substantial noncompliance in meeting community credit needs

An i s i u i n i t i group has a substantially deficient record of ascertaining and helping t meet the
nttto n hs
o
credit needs of i s entire delineated community, including low- and moderate-income neighborhoods, i a
t
n
manner consistent with i sresources and c p b l t e .
t
aaiiis

FOR THE WEEK ENDING

Name of Bank

None




Bank Address

April 1, 1994

Examination
Date

Examination
Rating

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Application
Valley Bank of Ronan,
Ronan, MT
To establish a branch
in Arlee, MT

Comment Period
Ending Date
Not yet available

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Application
Ending Date
Dwayne Andreas
To acquire control of 16.6%
of the voting shares of
National City Bancorporation,
Minneapolis, Mn

Not yet available

Kopperud Charitable Trust
and Truman D. Phelan,
as Independent Special
Trustee,
Oldham, SD
To acquire control of 51.79%
of the voting shares of
Consolidated Holding Company,
Oldham, SD

Not yet available

HSB Financial Corporation,
Harwood, ND
To become a bank holding
company through the
acquisition of 97.6% of the
voting shares of Harwood
State Bank,
Harwood, ND*

Not yet available

*Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice (Continued)
Comment Period
Ending Date

Application
United Bank Corporation
Osseo, WI
To become a bank holding
company through the acquisition
of 96.92% of the voting shares
of United Bank, Osseo, W I ;
88.82% of the voting shares
of Clarke County State Bank,
Osceola, IA;
84.83% of the voting shares
of Lincoln County Bank,
Merrill, W I ;
99.67% of the voting shares
of Bank Poynette, Poynette,
WI;
100.00% of the voting shares
of Farmers State Bank,
Stickney,SD;
91.20% of the voting shares
of Farmers & Merchants StateBank,
Iroquois, SD; and
100.00% of the voting shares
of Cambridge State Bank,
Cambridge, W I .*

Application

Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Norwest Corporation
Minneapolis, MN
Title insurance agency activities
through the acquisition of a
joint venture, Title Network
Agency, Buffalo, NY
Otto Bremer Foundation,
S t . Paul, MN and Bancor
Financial Corporation,
St. Paul, MN
To engage de novo in
leasing real property.
*Subject to CRA




Not yet available

Not yet available

Not yet available

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
North Shore Bank of Commerce
Duluth, MN
To invest $55,000 in bank
premises.




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending April 1, 1994
ASSIGNMENT OF RATING
Identification of Ratings
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 moderateincome 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

Central Savings Bank
December 7, 1993
511 Bingham Avenue,
Box 339
Sault S t e . Marie, Mi 49783
(906) 635-6250




CRA RATING
Outstanding

Lake County Bank
P. 0. Box 644
St. Ignatius, MT
59865-0644
(406) 745-3123




December 27, 1993

Satisfactory

Federal Reserve Bank of Kansas City

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

The Eaton Bank, Eaton, Colorado, for
prior approval to establish a de novo
branch location in Greeley, Colorado.

Not Available

OMNIBANK Arvada, Arvada, Colorado,
for prior approval to extablish a
branch at 9611 West 58th Avenue,
Arvada, Colorado.

Not Available

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

COMMENT PERIOD ENDING DATE

Mabrey Bancorporation, Inc.,
Okmulgee, Oklahoma, for prior
approval to acquire 48.78 percent of
the voting common stock of CSB, Inc.,
Bixby, Oklahoma, a bank holding
company to be formed through the
acquisition of 80 percent of Citizens
Security Bancshares, Inc., Bixby,
Oklahoma.*

Not Available

PCI Holdings, Inc., St. Mary's,
Kansas, for prior approval to become
a bank holding company through the
acquisition of 97.33 percent of the
voting shares of St. Mary's State
Bank, St. Mary's, Kansas.*

Not Available

Stockgrowers State Banc Corporation,
Ashland, Kansas, for prior approval
to acquire 100 percent of the voting
shares of Peoples Bank, N.A.,
Coldwater, Kansas.*

Not Available

John D. and Lee D. Mapes, John D.
Mapes, Individual Retirement Account,
Lee D. Mapes, individual Retirement
Account, Norman L. Nelson, Gloria A.
Nelson, and David M. Hill, all of
Norton, Kansas, to acquire 100
percent of Consolidated Insurance,
Inc., Hill City, Kansas.

Not Available




Federal Reserve Bank of Kansas City

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

Ottawa Bancshares, Inc., Ottawa,
Kansas, for prior approval to acquire
the Ottawa, Kansas, and Lyndon,
Kansas, branches of Franklin Federal
Savings Association, Ottawa, Kansas.

Not Available

United Missouri Bancshares, Inc.,
Kansas City, Missouri, for prior
approval to offer full service
brokerage activities including the
provision of investment advice
through it's subsidiary United
Missouri Brokerage Services, Incl,
Kansas City, Missouri.

Not Available

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER 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:
Outstanding 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 moderateincome 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 moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.



Federal Reserve Bank of Kansas City

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.

Bank/Location

Exam Date

None.
*

*Application is subject to CRA.




CRA Public
Date

CRA
Rating

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF MARCH 28, 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

♦Section 18(c) application by
Wellington State Bank, Wellington, TX, to merge with
First National Bank in Wheeler, Wheeler, TX

N/A

♦Section 9 application by
Wellington State Bank, Wellington, TX, to establish
a branch at 405 Alan L. Bean Blvd., Wheeler, TX 79096

N/A

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

** NOTICE EXP

Change in Control Notice by
John Thomas Talkington, Lubbock, TX, to
acquire an interest in Lubbock National
Bancshares, Inc., Lubbock, TX

N/A

♦Section 3(a)(1) application by
Olney Bancshares of Texas, Inc., Olney, TX, to acquire
Thirdtier, Inc., Wilmington, DE; Olney Bancorp of Delaware,
Inc., Wilmington, DE; Olney Bancshares, Inc., Olney, TX;
First Coleman National Bank, Coleman, TX; Graham National
Bank, Graham, TX; The First National Bank of Olney, Olney,
TX; and Farmers National Bank, Seymour, TX

N/A

♦Section 3(a)(1) application by
Thirdtier, Inc., Wilmington, DE, to acquire
Olney Bancorp of Delaware, Inc., Wilmington, DE; Olney
Bancshares, Inc., Olney, TX; First Coleman National Bank,
Coleman, TX; Graham National Bank, Graham, TX; The First
National Bank of Olney, Olney, TX; and Farmers National
Bank, Seymour, TX

N/A




SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
Section 4(c)(8) de novo notification by
Summit Bancshares, Inc., Fort Worth, TX, to engage in the
activity of making an equity investment in a corporation
designed primarily to promote community welfare, such as
the economic rehabilitation and development of low income
areas by providing housing, services, or jobs through Fort
Worth Community Development Corporation, Fort Worth, TX
(Previously reported during the week of 3-21-94)

NOTICE EXP

94/04/25

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 MARCH 28. 1994

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 4/01/94
Section I - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

The Sun City Bank, Sun City, Arizona, to acquire
one branch office of First National Bank of
Arizona, Phoenix, Arizona. *

Newspaper:

4/08/94

The Sun City Bank, Sun City, Arizona, to establish
a branch office at 19202 R.H. Johnson Boulevard,
Sun City West, Arizona. *

Newspaper:

4/08/94

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
David T. Chen, Portland, Oregon, to increase his
ownership up to 12.41 percent of American Pacific
Bank, Aumsville, Oregon. *

Newspaper:

3/31/94

Fed. Reg.:

4/12/94

Kaharudin Latief, Jakarta, Indonesia, to acquire
up to 40 percent of Bank of San Francisco Company
Holding Company, San Francisco, California. *

Newspaper:

3/21/94

Fed. Reg.:

Not available

Section III - Applications Subject to Federal Register Notice Only
None

Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
First Commmunity Bank, Bakersfield, California, to increase investment in bank premi
not to exceed $4 million.

* Subject to CRA.




FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.l
Week Ending 4/01/94
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending April 1, 1994. 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 moderateincome 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities





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