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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1996, No. 16 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending April 20, 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Entrepreneurial Investment Act of 1996 -- statement by Governor Phillips before the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises of the House Committee on Banking and Financial Services, April 18, 1996. Published, April 18, 1996. BANK HOLDING COMPANIES Fleet Financial Group, Ing., Boston, Massachusetts -to acquire NatWest Bank National Association, Jersey City, New Jersey. Approved, April 15, 1996. 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 San Francisco Bank of America Nevada, Las Vegas, Nevada - - t o establish a branch at the Mount Rose Highway/395 Raley’s at 18144 Wedge Parkway, Reno, Nevada. Approved, April 18, 1996. Cleveland Fifth Third Bank, Cincinnati, Ohio -- to establish a branch at 155 North Heincke Road, Miamisburg, Ohio. Approved, April 19, 1996. St. Louis Fifth Third Bank of Kentucky, Inc., Louisville, Kentucky - - t o establish a branch at 1135 Main Street, Millersburg, Kentucky. Approved, April 19, 1996. San Francisco Liberty Bank, South San Francisco, California -- to establish a branch in the vicinity of Highway 9 and Mill Street, Ben Lomond, California. Approved, April 16, 1996. St. Louis Peoples Bank and Trust Company of Lincoln County, Troy, Missouri -- to establish a branch at 1310 North Main Street, O ’Fallon, Missouri. Approved, April 19, 1996. H.2 APRIL 15, PAGE 2 1996 TO APRIL 1 9 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta ABC Bancorp, Moultrie, Georgia - - t o merge with Southland Bancorporation, Dothan, Alabama, and acquire Southland Bank. Approved, April 16, 1996. Minneapolis Absarokee Bancorporation, Absarokee, Montana - - t o acquire United Bank of Columbus, N.A., Columbus, Montana. Approved, April 17, 1996. Chicago Bank One, Peoria, Peoria, Illinois -- to establish a branch at 901 West Lake Avenue; 201 South Main Street, East Peoria; 3245 Court Street, Pekin; 3103 West Harmon Highway, Peoria, and 3311 Sterling Avenue. Approved, April 19, 1996. Richmond Beach First National Bancshares, Inc., Myrtle Beach, South Carolina -- to acquire Beach First National Bank. Approved, April 16, 1996. Richmond Cardinal Bankshares Corporation, Floyd, Virginia -notification of its intent to acquire The Bank of Floyd. Permitted, April 18, 1996. Philadelphia Carnegie Bancorp, Princeton, New Jersey - - t o merge with Regent Bancshares Corp, Philadelphia, Pennsylvania. Approved, April 16, 1996. GC Citicorp, New York, New York -- determination that the sale of shares of Fomento Economico Mexicano, S.A., De C.V. Mexico, Monterey, Mexico, to Philip Morris Companies Inc., Richmond, Virginia, constitutes divestiture. Granted, April 17, 1996. Chicago Community Central Corporation, Mount Clemens, Michigan -- to acquire Community Central Bank. Returned, April 17, 1996. H .2 APRIL 15, PAGE 3 1996 TO APRIL 1 9 , 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Secretary Compass Bancshares, Inc., Birmingham, Alabama, Compass Banks of Texas, Inc., Houston, Texas, and Compass Bancorporation of Texas, Inc., Wilmington, Delaware -- to acquire Peoples Bancshares, Inc., Belton, Texas, and The Peoples National Bank, Belton, Texas. Approved, April 17, 1996. Atlanta Dadeland Bank, Miami, Florida -- to establish an automated teller machine in the World Trade Center at 80 S.W. 8th Street. Approved, April 17, 1996. Atlanta FBT Bancorp, Baton Rouge, Louisiana - - t o acquire Equitable Trust Savings Bank. Approved, April 17, 1996. Cleveland F.N.B. C o r p o r a t i o n , H e r m i t a g e , P e n n s y l v a n i a -- w a i v e r of a p p l i c a t i o n i n c o n n e c t i o n w i t h c o n v e r s i o n o f s t a t e - c h a r t e r e d s a v i n g s a s s o c i a t i o n to a s t a t e chartered savings b a n k . Granted, April 15, 1996. Chicago Fort Wayne National Corporation, Fort Wayne, Indiana -- to acquire Valley Financial Services, Inc., South Bend, and Valley American Bank and Trust Company. Approved, April 19, 1996. Richmond George Mason Bankshares, Inc., Fairfax, Virginia, and Mason Holding Corporation -- to acquire The Palmer National Bancorp, Inc., Washington, D.C., and The Palmer National Bank. Approved, Apr il 18, 1996. Minneapolis International Bancorporation, Golden Valley, Minnesota - - t o acquire Northern National Bank, Nisswa, Minnesota. Approved, April 17, 1996. H.2 A P R I L 15, 1996 PAGE 9 TO A P R I L 19, 1996 A C T I O N S T A K E N BY T H E S T A F F A N D T H E F E O E R A L R E S E R V E B A N K S UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES- Dallas Medina Community Bancshares, Inc., Hondo, Texas - - t o acquire Medina Community Bancshares of Delaware, Wilmington, Delaware, and Community National Bank, Hondo, Texas. Approved, April 17, 1996. Dallas Medina Community Bancshares of Delaware, Inc., Wilmington, Delaware - - t o acquire Community National Bank, Hondo, Texas. Approved, April 17, 1996. Minneapolis Norbanc Group, Inc., Pine River, Minnesota, Randall Bancorp, Inc., and White Pine Bancorp Inc. -- to acquire Banker's Capital Corporation, Lusk, Wyoming. Approved, April 17, 1996. Minneapolis Norwest Corporation, Minneapolis, Minnesota - - t o enter into a joint venture with Norwest Ventures, Inc. and Next Generation Realty, Inc., Clive, Iowa, and engage in residential mortgage lending through Next Home Mortgage. Approved, April 16, 1996. Richmond One Valley Bancorp of West Virginia, Inc., Charleston, West Virginia - - t o acquire CSB F inane ial Corporat ion, Lynchburg, V irg in ia. Approved, April 19, 1996. Cleveland Pennwood Bancorp, Inc., Pittsburgh, Pennsylvania -to acquire Pennwood Savings Bank. Withdrawn, April 15, 1996. Chicago Quad City Holdings, Inc., Bettendorf, Iowa -- request for waiver of commitment concerning debt. Granted, April 16, 1996. Chicago Seaway Bancshares, Inc., Chicago, Illinois -- request for relief from commitment concerning nonbank activities. Granted, April 18, 1996. H .2 A P R I L 15, 1996 P AGE 5 TO A P R I L 19, 1996 A C T I O N S T A K E N BY THE S T A F F A N D THE F E D E R A L R E S E R V E B ANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Richmond Shire Bancshares, Inc., Centreville, Maryland -- to acquire The Centreville National Bank of Maryland. Approved, April 15, 1996. Chicago Valley Ridge Financial Corporation, Kent City, Michigan -- to acquire Community Bank Corporation, Grant; and Grant State Bank. Approved, April 19, 1996. San Francisco Zions Bancorporation, Salt Lake City, Utah -- waiver of application to acquire Southern Arizona Bancorp, Inc., Yuma, Arizona, and Southern Arizona Bank. Granted, April 19, 1996. BANK MERGERS Chicago Baylake Bank, Kewaunee, Wisconsin -- to acquire the assets and liabilities of The Bank, Manawa, and to establish branches. Returned, April 18, 1996. Chicago Baylake Bank, Kewaunee, Wisconsin -- to establish a branch at 431 South Bridge Street, and at King, Wiscons in. Returned, April 18, 1996. Richmond Crestar Bank MD, Bethesda, Maryland -- to acquire certain assets and assume certain liabilities of Mellon Bank CMD), Rockville, Maryland. Approved, April 19, 1996. Cleveland Tri-State Bank, Cincinnati, Ohio -- to acquire 1st National Community Bank. Approved, April 18, 1996. Kansas City Vecta Bank, Denver, Colorado -- to acquire and merge with Bank Land Company and Southwest State Bank, and to establish branches. Approved, April 17, 1996. H .2 A P R I L 15, 1996 PAG E 6 TO A P R I L 19, 1996 A C T I O N S T A K E N BY T H E S T A F F A N D THE F E D E R A L R E S E R V E BAN K S UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Dallas Caprock Bancshares, Inc., Shallowater, Texas, -change in bank control. Permitted, April 19, 1996. Chicago Lanark Bancshares, Inc., Lanark, Illinois -- change in bank control. Permitted, April 16, 1996. Kansas City Vecta Banking Corporation, Denver, Colorado -- change in bank control. Permitted, April 17, 1996. COMPETITIVE FACTORS REPORTS Boston CFX Bank, Keene, New Hampshire, proposed merger with Milford Co-operative Bank, Milford, New Hampshire - report on competitive factors. Submitted, April 16, 1996. Minneapolis Citizens State Bank of East Grand Forks, East Grand Forks, Minnesota, proposed merger with Peoples State Bank of Warren, Warren, Minnesota -- report on competitive factors. Submitted, April 17, 1996. Kansas City Citizens State Bank of Marysville, Marysville, Kansas, proposed merger with Community State Bank, Hanover, Kansas -- report on competitive factors. Submitted, April 15, 1996. Kansas City First National Bank & Trust, Chickasha, Oklahoma, proposed acquisition of the assets and assumption of the liabilities of the Rush Springs, branch of Farmers & Merchants Bank, Maysville, Oklahoma -report on competitive factors. Submitted, April 16, 1996. Dallas First Prosperity Bank, El Campo, Texas, proposed acquisition of the assets and assumption of the liabilities of a branch at 3700 Avenue F, Bay City, of Victoria Bank and Trust Company, Victoria, Texas -- report on competitive factors Submitted, April 18, 1996. H.2 A P R I L 15, 1996 PAGE 7 TO A P R I L 19, 1996 A C T I O N S T A K E N BY T HE S T A F F A N D THE FE D E R A L R E S E R V E B A N K S UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Dallas First State Bank, N.A., Abilene, Texas, proposed acquisition of the assets and assumption of the liabilities of a branch of Coastal Banc, S.S.B, Houston, at 4112 College Hills Boulevard, San Angelo, Texas -- report on competitive factors. Submitted, April 16, 1996. St. Louis Harrison County Bank, Palmyra, Indiana, proposed purchase of the assets and assumption of the liabilities of the Hardinsburg, branch of NBD Bank, N.A., Indianapolis, Indiana -- report on competitive factors. Submitted, April 15, 1996. New York Manville Savings Bank, Manville, New Jersey, proposed merger with Raritan Savings Bank, Raritan, New Jersey -- report on competitive factors. Submitted, April 18, 1996. St. Louis Peoples First Corporation, Paducah, Kentucky, proposed acquisition of the assets and assumption of the liabilities of Guaranty Federal Savings Bank, Clarksville, Tennessee -- report on competitive factors. Submitted, April 19, 1996. Minneapolis Pioneer Bank, Mapleton, Minnesota, proposed merger with Elmore Bancshares, Inc., Elmore, Minnesota -report on competitive factors. Submitted, April 19, 1996. Kansas City Rawlins National Bank, Rawlins, Wyoming, proposed merger with First National Interim Bank -- report on competitive factors. Submitted, April 15, 1996. Richmond SouthTrust Bank of Central Carolina, Concord, North Carolina, proposed merger with SouthTrust Bank of North Carolina, N.A., Raleigh, North Carolina -report on competitive factors. Submitted, April 16, 1996. H .2 APRIL 15, PAGE 8 1996 TO APRIL 19, 1996 A C T I O N S T A K E N BY THE S T A F F AND THE F E D E R A L R E S E R V E BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis State Bank of Toulon, Toulon, Illinois, proposed purchase of the assets and assumption of the liabilities of the Galva, branch of Norwest Bank Illinois, N.A., Galesburg, Illinois -- report on competitive factors. Submitted, April 15, 1996. St. Louis Union Planters Corporation, Memphis, Tennessee, proposed acquisition of the assets and assumption of the liabilities of Franklin Financial Group, Inc., Morristown, Tennessee, and Franklin Federal Savings Bank -- report on competitive factors. Submitted, April 19, 1996. EXTENSIONS OF TIME Kansas City Adams Bank and Trust, Ogallala, Nebraska -- extension to June 17, 1996, to merge with Adams Savings and Loan Association, Grant, Nebraska. Granted, April 18, 1996. New York Saban S.A., Monaco, and RNYC Holdings Limited, Gibraltar -- extension to July 28, 1996, to acquire 2.45 percent of the shares of Republic New York Corporation, New York, New York. Granted, April 19, 1996. Kansas City Star Valley Bancshares, Inc., Afton, Wyoming -extension to May 31, 1996, to acquire The Bank of Star Valley. Granted, April 17, 1996. New York United Jersey Bank, Hackensack, New Jersey -extension to March 31, 1997, to establish a branch at 250 Moore Street. Granted, April 18, 1996. H .2 APRIL 15, PAGE 9 1996 TO APRIL 19, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY INTERNATIONAL OPERATIONS Director, BS&R Bankers Trust New York Corporation, New York, New York -- waiver of the remainder of the 45-day notice period to make additional investments to acquire additional shares of each of BT (Pacific) Limited y Compania Limitada, and Tenedora de Valores del Pacifico Limitada, both of Santiago, Chile. Granted, April 19, 1996. San Francisco American West Bank, N.A., Encino, California -- to retain membership in the Federal Reserve System upon conversion from a national charter to a state charter. Approved, April 15, 1996. San Francisco Bank of Lake County, Lakeport, California - - t o become a member of the Federal Reserve System. Approved, April 18, 1996. St. Louis Citizens Bank & Trust Company, Van Buren, Arkansas to become a member of the Federal Reserve System. Approved, April 16, 1996. Chicago M&I Bank of Delavan, Delavan, Wisconsin -- to become a member of the Federal Reserve System. Approved, April 19, 1996. MEMBERSHIP H.2 ADDITIONS AND CORRECTIONS APRIL 15, PAGE 10 1996 TO APRIL 19, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta SouthTrust Bank of Florida, N.A., St. Petersburg, Florida -- to acquire Lake State Bank, Luts, Florida -- report on competitive factors. Submitted, April 12, 1996. EXTENSIONS OF TIME Philadelphia USBANCORP, Johnstown, Pennsylvania - request for an extension of the divestiture period to dispose of certain assets in connection with acquisition of Community Bancorp, Inc., Monroeville, Pennsylvania. Granted, April 8, 1996. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS S E C T I O N I - A P P L I C A T I O N S SU B J E C T T O N E W S P A P E R N O T I C E O NLY Application Comment Period Ending Date SIS Bancorp, Inc., Springfield, Massachusetts - section 3 notification to acquire Springfield Institution for Savings, Springfield, Massachusetts* Newspaper 04-22-96 S E C T I O N II - A P P L I C A T I O N S SU B J E C T TO B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date Application NONE S E C T I O N III - A P P L I C A T I O N S S U B J E C T TO FE D E R A L R E G I S T E R N O T I C E O N L Y Application Comment Period Ending Date NONE S E C T I O N IV - A P P L I C A T I O N S N O T S U B J E C T T O F EDERAL R E G I S T E R O R N E W S P A P E R N O T I C E Application NONE SECTION V Institution - A V A I L A B I L I T Y OF C R A PUBLIC E V A L U A T I O N S Examination Date Rating** NONE ♦Subject to CRA. ♦♦Rating Definitions: "0" - Outstanding; "S" - Satisfactory; Improve; "SN" - Substantial Noncompliance. "N" - Needs to FEDERAL RESERVE BANK OF NEW YORK C om m ent Period E nding Date SECTION I Applications Subject to N ewspaper ________Notice Only________ None. SECTION II Applications Subject to Both N ew spaper and Federal Register Notice HUBCO, Inc., Mahwah, New Jersey, to acquire 100 percent o f the voting shares of Lafayette American Bank and Trust Company, Bridgeport, Connecticut. 05/13/96 3/ SECTION III N onbanking Applications (subject to Federal Register Notice Only! The Bank of Nova Scotia, Toronto, Ontario, for its subsidiary, Scotia Capital Markets (USA) Inc,, New York, New York, to engage in foreign exchange advisory services pursuant to Section 225.25(b)(17) of Regulation Y, and to engage in futures and commission merchant activities pursuant to Section 225.25(b)(18) of Regulation Y. N/A The Bank of Nova Scotia, Toronto, Ontario, for its subsidiary, Scotia Capital Markets (USA) Inc., New York, New York, to engage in certain interest rate and currency swap activities. N/A SECTION 111 N onbanking Applications (subject to Federal R egister Notice Only cont.t Waterhouse Investor Services, Inc., New York, New York, to engage through its subsidiary, Waterhouse Securities, Inc., New York, New York, in the purchase and sale o f all types o f securities on the order o f customers as riskless principal. N/A SECTIO N IV A pplications Not Involving ____ Public C qhiinept____ None. SECTION V Availability of CRA Public Evaluations In connection with the assessment o f 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 o f 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 o f 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 o f ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. W eek Ending April 20. 1996 NAME O F BANK RATING EXAM INATION DATE West Jersey Community Bank 165 Passaic Avenue Fairfield, New Jersey 07004 Satisfactory November 13, 1995 1/ Subject to provisions of Community Reinvestment Act. 2/ Later o f dates specified in newspaper and Federal Register notices. 2/ Date specified in newspaper notice; a later date may be specified in the Federal Register notice. 4/ Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTIO N I - A PPLICATIONS RECEIVED AND SU B JEC T TO NEW SPAPER NOTICE ONLY NONE SECTION II ■A PPLICA TIO N S RECEIVED AND SU BJECT TO BOTH NEW SPAPER AND FEDERAL R EG ISTER NOTICE NONE SECTION III - APPLICATIONS RECEIVED AND SU BJECT TO FEDERAL REG ISTER NOTICE ONLY NONE SECTION IV - APPLICA TIO N S RECEIVED AND NOT SU B JEC T TO FEDERAL R EG ISTER NOTICE O R NEW SPAPER NONE FEDERAL RESERVE BANK OF PHILADELPHIA SECTION V - AVAILABILITY O F 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 19, 1996. Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups O utstanding record of meeting 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 o f 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 o f 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 o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities Bank/Location Examination Date CRA Rating Madison Bank 1767 Sentry Parkway West Blue Bell, PA 19422 11/30/95 Satisfactory F ederal R eserv e B ank of C leveland P. O. BOX 6387 CLEVELAND, OHIO 44101-1387 APPLICATIONS BULLETIN (For the week ending April 20, 1996) SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER NOTICE ONLY Received application from The Croghan Colonial Bank, Fremont, Ohio, on April 1, 1996, of its intent to merge with Union Bank and Savings Company, Bellevue, Ohio. * April 30, 1996 Received notice from The Fifth Third Bank of Northeastern Ohio, Cleveland, Ohio, on April 15, 1996, of its intent to establish branches at 600 South Avenue, Tallmadge, Ohio, and at Routes 43 and 91, Solon, Ohio. * May 1, 1996 SECTION n - APPLICATIONS SUBJECT TO BOTH NEW SPAPER AND FEDERAL REGISTER NOTICE Received Section 3(a)(3) application from Croghan Bancshares, Inc., Fremont, Ohio, on April 1, 1996, to acquire Union Bancshares Corp., Bellevue, Ohio. *N: April 30, 1996 Received Section 3(a)(3) application from Security Banc Corporation, Springfield, Ohio, on April 19, 1996, to acquire CitNat Bancorp, Inc., Urbana, Ohio. * Not Yet Known # SECTION m - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IY - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period # - Expected to End 30 Days from Date of Receipt AVAILABILITY OF CRA PUBLIC EVALUATIONS (April 19, 1996) 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 19, 1996. If you are interested in obtaining a copy o f an evaluation document, please contact the bank(s) directly. There are four descriptive ratings for CRA: OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs 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 o f 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* IM PR O V E: a bank in this group needs to improve its overall record of ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NON COM PLIANCE: 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 low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. The Union Bank and Savings Company P.O . Box 150 Bellevue, Ohio 44811 Rating: Satisfactory Exam Date: 1-22-% Disclosure Date: 4-15-96 F e d e r a l R e s e r v e B a n k of R i c h m o n d Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date County Bank of Chesterfield, Midlothian, Virginia, to establish a branch at 348 East Hundred Road, Chester, Virginia.* 5-9-96 First Virginia Bank-Shenandoah Valley, Woodstock, Virginia, to merge with First Virginia Bank-Central, Charlottesville, Virginia.* 5-12-96 Princess Anne Bank, Virginia Beach, Virginia, to establish a branch inside the Super Kmart Center at the intersection of Holland Road and Windsor Oaks Road, Virginia Beach, Virginia.* 5-17-96 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Allied Irish Banks, p.l.c., Dublin, Ireland, and First Maryland Bancorp, Baltimore, Maryland, to acquire 1st Washington Bancorp, Herndon, Virginia, and its subsidiary, Washington Federal Savings Bank, Herndon, Virginia.* Comment Period Endin£ Date 5-8-96** Section III - Applications Subject to Federal Register Notice Application American Bankshares, Inc., Welch, West Virginia, to engage de novo in consumer finance activities through a new sub sidiary , Ameriloan-Consumer Financial Company, Englewood, Colorado. Allied Irish Banks, p.l.c., Dublin, Ireland, and First Maryland Bancorp, Baltimore, Maryland, to acquire H. Zirkin Investments, Inc. and M. Culter Investments, Inc., both of Washington, D. C. Comment Period Ending Date 5-8-96** Not yet available. *Application is subject to CRA requirements. **Expiration of comment period specified in the Federal Register. F e d e r a l Re s e r v e B a n k of R i c h m o n d Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal Reserve Bank of Richmond Section V - Availability of CRA Public Evaluations Week ending April 19, 1996 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community* including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date Rating Consolidated Bank and Trust Company 320 North 1st Street Richmond, Virginia 23219 1-16-96 Satisfactory Heritage Bank and Trust 841 North Military Highway Norfolk, Virginia 23502 1-22-96 Satisfactory One Valley Bank of Summersville, Inc. 811 Main Street Summersville, West Virginia 26651 1-29-96 Outstanding Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending April 19, 1996 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None. Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Fort Brooke Bancorporation Brandon, Florida 1-BHC formation, Fort Brooke Bank, Brandon, Florida. 05-16-96* Federal Register Newnan Holdings, Inc. 05-16-96* Newnan, Georgia Federal Register 1-BHC formation, Southside Financial Group, Inc., Fayetteville, Georgia, and thereby acquire Citizens Bank & Trust of Fayette County, Fayetteville, Georgia. Newnan Holdings, Inc. 05-16-96* Newnan, Georgia Federal Register Through Newnan Savings Bank, FSB, Newnan, Georgia, to engage in operating a savings association,- pursuant to Section 225.25 (b) (9) of Regulation Y and Section 4(c) (8) of the Bank Holding Company Act. Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date None. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application First Commerce Corporation New Orleans, Louisiana Commitment waiver request. Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending April 19, 1996 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to:meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank None. CRA Rating Examination Date Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending April 19, 1996 Recently Approved Applications Approval Date Compass Bancshares, Inc. 04-17-96 Birmingham, Alabama Along with Compass Banks of Texas, Inc., Birmingham, Alabama and Compass Bancorporation of Texas, Inc., Wilmington, Delaware, to acquire Peoples Bancshares, Inc., Belton, Texas, and thereby acquire The Peoples National Bank, Belton, Texas, pursuant to Section 3(a) (3) of the Bank Holding Company Act. Dadeland Bank 04-17-96 Miami, Florida To establish an automated teller machine located in the World Trade Center at 80 S.W. 8th Street, Miami, Florida. ABC Bancorp 04-16-96 Moultrie, Georgia To merge with Southland Bancorporation, Dothan, Alabama, and thereby directly acquire Southland Bank, Dothan, Alabama, pursuant to Section 3(a) (5) of the Bank Holding Company Act. FBT Bancorp 04-17-96 Baton Rouge, Loui siana 1-BHC formation, Equitable Trust Savings Bank, Baton Rouge, Louisiana. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Branch F&M Bank - Northeast Pulaski, Wisconsin 2300 South Oneida Street Ashwaubenon, Wisconsin NP - 4-19-96 Branch Midwest Guaranty Bank Troy, Michigan 4140 W. Maple Road Bloomfield Township, Michigan NP - 4-29-96 Branch Capac State Bank Capac, Michigan In the vincinty of North Avenue and Armada Ridge Road Armada, Michigan NP - 4-20-96 Branch 1st Source Bank South Bend, Indiana 3600 Portage Avenue South Bend, Indiana 5020 Grape Road Mishawaka, Indiana NP - 4-19-96 Branch Union Bank & Trust Company Evansville, Wisconsin 210 Commercial Street Brooklyn, Wisconsin NP - 4-20-96 Branch Northern Trust Company Chicago, Illinois 826 S. Northwest Highway Barrington, Illinois NP - 4-15-96 NP - Newspaper FR - Federal Register * - Subject to Provisions of Community Reinvestment Act ** - Not available at this time Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Cont’d Comment Period Ending Date 7m Application Merger/Branch Baylake Bank Sturgeon Bay, Wisconsin to acquire the assets and liabilities of The Bank, Manawa, Wisconsin, & establish a branch at 431 S. Bridge Street, Manawa, Wisconsin and at King, Wisconsin jqp _ ** Branch G.W. Jones Exchange Bank Marcellus, Michigan 16634 Enterprise Drive Three Rivers, Michigan NP - 5-6-96 Branch Evergreen State Bank Poy Sippi, Wisconsin 764 Greentree Mall, Broadway Berlin, Wisconsin NP - 4-29-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date 1m. Application Y-l CBR Holdings, Inc.* Winnetka, Illinois Community Bank of Ravenswood Chicago, Illinois (in organization) FR - 4-25-96 NP - 4-22-96 Y-l Main Street Bancorp, Inc.* Princeville, Illinois Princeville State Bank Princeville, Illinois FR - 4-8-96 NP - 4-7-96 Y-2 Capitol Bancorp, Ltd*. Lansing, Michigan Bank of Tucson Tucson, Arizona FR - 2-28-96 ^ NP - 4-20-96 Y-2 Associated Banc-Corp*. Green Bay, Wisconsin Mid-America National Bancorp, Inc. Chicago, Illinois Mid-America National Bank of Chicago Chicago, Illinois FR - 5-2-96 Np . ** Y-2 Associated Illinois Banc Corp.* Green Bay, Wisconsin Mid-America National Bancorp, Inc. Chicago, Illinois Mid-America National Bank of Chicago Chicago, Illinois FR - 5-2-96 NP - ** Y-l Figge Bancshares, Inc.* Davenport, Iowa Ossian State Bank Ossian, Iowa Iowa State Bank Calmar, Iowa FR - 4-22-96 NP - 4-22-96 Y-2 Associated Banc-Corp.* Green Bay, Wisconsin F&M Bankshares of Reedsburg, Inc. Reedsburg, Wisconsin Farmers & Merchants Bank Reedsburg, Wisconsin FR - 4-25-96 NP - 4-24-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont'd Comment Period Ending Date lyge Application Y-2 Associated Banc-Shares, Inc.* Madison, Wisconsin F&M Bankshares of Reedsburg, Inc. Reedsburg, Wisconsin Fanners & Merchants Bank Reedsburg, Wisconsin FR - 4-25-96 NP - 4-24-96 Y-2 Firstar Corporation* Milwaukee, Wisconsin Jacob Schmidt Company St. Paul, Minnesota American Bancorporation, Inc. St. Paul, Minnesota American Bank, NA St. Paul, Minnesota American Commercial Bank St. Paul, Minnesota American Bank Moorhead Moorhead, Minnesota American Bank Lake City Lake City, Minnesota FR - 4-19-96 NP - 4-24-96 Y-l Delavan Bancshares, Inc.* Delavan, Wisconsin Community Bank Delavan Delavan, Wisconsin (in organization) FR - 4-26-96 NP - 4-26-96 Y-2 F & M Bancorporation, Inc.* Kaukauna, Wisconsin Community State Bank Algoma, Wisconsin FR - 5-7-96 jsjp _ ** Y-2 Van Diest Investment Company* Ankeny, Iowa East Des Moines National Bank Des Moines, Iowa FR - 5-17-96 NP - 5-6-96 COC-HC A.M. Saylor, Incorporated Hampton, Iowa by Roger Doughan FR - 4-26-96 jsjp _ ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Type Application COC-HC Northern Bancshares, Inc. McFarland, Wisconsin by Patricia N. Locke FR - 5-1-96 NP - 4-22-96 Y-2 Firstar Corporation of Minnesota* Milwaukee, Wisconsin Jacob Schmidt Company St. Paul, Minnesota American Bancorporation, Inc. St. Paul, Minnesota American Bank, NA St. Paul, Minnesota American Commercial Bank St. Paul, Minnesota American Bank Moorhead Moorhead, Minnesota American Bank Lake City Lake City, Minnesota FR - 4-19-96 NP - 4-24-96 Y-2 Independent Bank Corporation* Ionia, Michigan North Bank Corporation Hale, Michigan North Bank Hale, Michigan FR - 4-26-96 NP - 4-28-96 Y-l Wildcat, Inc.* Cedar Rapids, Iowa VCR Bancorporation, Ltd. Carlisle, Iowa Hartfcrd-Carlisle Savings Baric Carlisle, Iowa FR - 4-26-96 NP - 4-29-96 Y-l Central Wisconsin Bancorporation, Inc.* Colby, Wisconsin Owen-Curtiss State Bank Owen, Wisconsin FR - 5-17-96 NP - 5-3-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Type Application Y-2 Northland Insurance Agency, Inc.* Chicago, Illinois Grand Premier Financial, Inc. Wauconda, Illinois Northern Illinois Financial Corporation Wauconda, Illinois Grand National Bank Wauconda, Illinois Premier Financial Services, Inc. Freeport, Illinois First Bank North Freeport, Illinois First Bank South Dixon, Illinois Premier Acquisition Company Freeport, Illinois First National Bank of Northbrook Northbrook, Illinois First Security Bank of Cary-Grove Cary, Illinois FR - 5-6-96 _ ** Y-2 Keeco, Inc.* Chicago, Illinois Grand Premier Financial, Inc. Wauconda, Illinois Northern Illinois Financial Corporation Wauconda, Illinois Grand National Bank Wauconda, Illinois Premier Financial Services, Inc. Freeport, Illinois First Bank North Freeport, Illinois First Bank South Dixon, Illinois Premier Acquisition Company Freeport, Illinois First National Bank of Northbrook Northbrook, Illinois First Security Bank of Cary-Grove Cary, Illinois FR - 5-6-96 NP - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Reeister Notice Cont’d Type Application Y-2 Thomson Investment Company, Inc.* Savanna, Illinois Savanna Bancorp, Inc. Savanna, Illinois Savanna State Bank Savanna, Illinois Gateway State Bank Clinton, Iowa Y-2 Y-l Horizon Bancorp Employee Stock Ownership* Michigan City, Indiana Horizon Bancorp Michigan City, Indiana First Citizens Bank, N.A. Michigan City, Indiana Grand Premier Financial, Inc.* Wauconda, Illinois Northern Illinois Financial Corporation Wauconda, Illinois Grand National Bank Wauconda, Illinois Premier Financial Services, Inc. Freeport, Illinois First Bank North Freeport, Illinois First Bank South Dixon, Illinois Premier Acquisition Company Freeport, Illinois First National Bank of Northbrook Northbrook, Illinois First Security Bank of Cary-Grove Cary, Illinois Comment Period Ending Date FR - 5-12-96 jq p . ** FR - 5-17-96 jsjp _ ** FR - 5-6-96. NP - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Endine Date Im Application Y-2 First Merchants Corporation* Muncie, Indiana Union National Bancorp Union County National Bank of Liberty Liberty, Indiana FR - 5-12-96 NP - 5-5-96 Y-2 Hills Bancorporation* Hills, Iowa Trimpe’s Inc. Lisbon, Iowa Alliance Bancorporation Lisbon, Iowa Lisbon Bank and Trust Company Lisbon, Iowa FR - 5-10-96 NP - 5-5-96 Y-l First Northwest Bancorp, Inc * Arlington Heights, Illinois First Northwest Baric Arlington Heights, Illinois PR _ ** NP - ** Y-2 Goodenow Bancorporation, Inc.* Okoboji, Iowa Jackson Bancorporation, Inc. Fairmont, Wisconsin Bank Midwest, Minnesota, Iowa, N.A. Fairmont, Minnesota PR _ ** jsjp . ** Y-2 ABN AMRO Bank N.V.* Amsterdam, The Netherlands Comerica Bank - Illinois Franklin Park, Illinois PR _ ** NP - ** Y-2 ABN AMRO Holding N.V.* Amsterdam, The Netherlands Comerica Bank - Illinois Franklin Park, Illinois FR - ** NP - ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont'd Comment Period Ending Date lYE£ Application Y-2 ABN AMRO North America, Inc.* Chicago, Illinois Comerica Bank - Illinois Franklin Park, Illinois F R - ** N P - ** Y-2 Stichting Administratiekantoor ABN AMRO Holding* Amsterdam, The Netherlands Comerica Bank, Illinois Franklin Park, Illinois FR - ** N P . ** Y-2 Stichting Prioriteit ABN AMRO Holding* Amsterdam, The Netherlands Comerica Bank - Illinois Franklin Park, Illinois FR - ** NP - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type, Application 4(c)(8) Peoples Bancorp, Inc. Prairie du Chien, Wisconsin to engage in Appraisal Services through its subsidiary, Northridge Consulting Corp. Prairie du Chien, Wisconsin FR - 4-22-96 4(c)(8) D&D Bancshares, Inc. Mount Auburn, Iowa to engage in making and servicing loans FR - 4-22-96 4(c)(8) Grand Premier Financial, Inc. Wauconda, Illinois Premier Insurance Services, Inc. Warren, Illinois FR - 5-6-96 4(c)(8) Mahaska Investment Company Oskaloosa, Iowa to purchase certain assets of Boatmen’s Bank of Iowa, N.A. and assume certain liabilities of the Sigourney Iowa Office Des Moines, Iowa FR - 4-26-96 NP - 5-3-96 4(c)(8) Montgomery Bancshares, Inc. Montgomery, Illinois to engage in making and servicing loans FR - 4-26-96 4(c)(8) Boscobel Bancorp, Inc. Boscobel, Wisconsin to engage in making and servicing loans FR - 5-14-96 4(c)(8) Hartwick Bancshares, Inc. Hartwick, Iowa to engage in making and servicing loans FR - 5-2-96 4(c)(8) Horizon Bancorp Michigan City, Indiana to engage in making and servicing loans FR - 5-17-96 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Con’td Comment Period Ending Date Type Application 4(c)(8) Firstar Corporation Milwaukee, Wisconsin American Credit Corporation St. Paul, Minnesota Lake City Agency, Inc. Lake City, Minnesota FR - 4-19-96 4(c)(8) Firstar Corporation of Minnesota Milwaukee, Wisconsin American Credit Corporation St. Paul, Minnesota Lake City Agency, Inc. Lake City, Minnesota FR - 4-19-96 Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice lyge Application ROS Northern Bankshares, Inc. McFarland, Wisconsin McFarland State Bank McFarland, Wisconsin to redeem 356 shares of stock Federal Reserve Bank of Chicago Section V - Availability of CRA Public Evaluations The following state member banks have been examined by the Federal Reserve Bank of Chicago for compliance with the CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending April 19, 1996. 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 moderateincome neighborhoods, in a manner consistent with its resources and capabilities. S- An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NI - An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN - An institution in this group has a substantial noncompliance record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK NAME/LOCATION EXAMINATION DATE RATINGS McHenry State Bank 310 West Elm Street McHenry, Illinois 60050-4496 (815) 385-1040 1/08/96 O The Friendship State Bank One Main Street P.O. Box 357 Friendship, Indiana 47021 (812) 667-5101 1/17/96 S Federal Reserve Bank of St. Louis FOR THE WEEK ENDING APRIL 19, 1996 SECTIO N I - APPLICATIONS SUBJECT TO NEW SPAPER N O TIC E Application E n d of Comment Period ♦Section 9 application by Peoples Bank & Trust Company of Lincoln County, Troy, Missouri, to establish a branch at 1310 North Main Street, O’Fallon, Missouri. 4-12-96 ♦Section 9 application by Lemay Bank & Trust Company, St. Louis, Missouri, to relocate its main office to 2191 Lemay Ferry Road, St. Louis, Missouri. 5-15-96 n SECTION - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period None. APPLICATIONS SUBJECT TO FEDERAL REGISTER N O TICE Application E nd of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL R EG ISTER N O T IC E OR NEWSPAPER NOTICE. Application None. ♦ This application/notification subject to CRA. End of Comment P eriod FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f Ratings: Outstanding record o f meeting community credit needs An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record o f meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING April 19, 1996 Name of Bank None Bank Address Examination Date Examination Rating FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Community First Bankshares, Inc., Fargo, North Dakota, for prior approval to acquire 100% of the voting shares of the Financial Bancorp, Inc., Trinidad, Colorado.* May 14, 1996 (Federal Register) Eau Claire Financial Services, Inc., St. Paul, Minnesota, for prior approval to acquire 93.8% of the voting shares of the American Bank Lake City, Lake City, Minnesota.* May 16, 1996 (Federal Register) Norwest Corporation, Minneapolis, Minnesota, for prior approval to acquire 100% of the voting shares of the B&G Investment Company, San Antonio, Texas.* May 16, 1996 (Federal Register) *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Norwest Corporation, Minneapolis, Minnesota, to engage de novo in residential mortgage lending through C.M.H. Mortgage Company, Westerville, Ohio, a joint venture with Full Service Real Estate Company, dba, Coldwell Banker Grand Traditions. May 3, 1996 Norwest Corporation, Minneapolis, Minnesota, to engage in acting as an underwriter and agent for credit insurance through the acquisition of Bancshares Life Insurance Company, San Antonio, Texas. May 6, 1996 F E D E R A L R E S E R V E B A N K O F M IN N E A P O L IS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending April 19,1996 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 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. BANKISI EXAMINED NONE. DATE OF EXAMINATION CRA RATING Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEW SPAPER N O TICE ONLY APPLICATION COMMENT PERIOD ENDING DATE Adams Bank & Trust, Ogallala, Nebraska, for prior approval to merge with Adams Savings & Loan Association on Chappell, Chappell, Nebraska, and to establish a branch facility in Chappell, Nebraska. Not Available William and Elsie Giron, Belen, New Mexico, for prior approval to acquire an additional 2.15 percent, for a total of 11.7 percent of the voting shares of The Bank of Belen, Belen, New Mexico. May 8, 1996 n SECTION - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER N O TICE APPLICATION £Q " PERIOD ENDING DATE Murray D. Lull Trust, and Murray D. Lull, Granton, Smith Center, Kansas, for approval to retain a total of 21.01 percent of the voting shares of SCB Financial Corporation, Smith Center, Kansas. May 3, 1996 First National of Nebraska, Inc., Omaha, Nebraska, for prior approval to indirectly acquire 100 percent of the voting shares of The Bank of Boulder, Boulder, Colorado, through the merger of First National of Colorado, Inc., Omaha, Nebraska, and Bolder Baneorporation, Boulder, Colorado.* Not Available C. Gage and Mary C. Overall, both of Caldwell, Kansas, to retain control of 43.38 percent of the voting shares of Stock Exchange Financial Corporation, Caldwell, Kansas. Not Available SECTION III - APPLICATIONS SUBJECT T O FEDERAL REG ISTER N O TICE ONLY APPLICATION None. COMMENT PERIOD ENDING DATE Federal Reserve Bank of Kansas City 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 moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Exam Date CRA Public Date Citizens Bank P.O. Box 645 Westminster, Colorado 80030-0645 01/08/96 04/08/96 CRA Rating Satisfactory Federal Reserve Bank of Kansas City Grant County Bank P.O. Box 85 Medford, Oklahoma 73759-0085 01/08/96 04/09/96 Satisfactory Bank of Garber P.O. Box 668 Garber, Oklahoma 73738-0668 01/08/96 04/12/96 Needs to Improve Pioneer Bank of Longmont 1610 Hover Road Longmont, Colorado 80501-2445 01/08/96 04/19/96 Outstanding *Application is subject to CRA. FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF APRIL 15, 1996 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP Section 9 application from Texas Heritage Bank, Hutto, TX, to establish a branch at 401 N. Bell, Cedar Park, TX 78613 96/05/10 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Kyle N. Deaver, Waco, TX, and John L. Deaver Waco, TX, to acquire an interest in American National Bancshares, Inc., Waco, TX (Previously reported during the week of 3-25-96) 96/04/24 Change in Control Notice by David Zalman, El Campo, TX, to acquire an interest in Prosperity Bancshares, Inc., El Campo, TX 96/05/06 Change in Control Notice by Hilmar D. Blumberg Trust, Edward A. Blumberg Trust, and Carla A. Blumberg Trust, Seguin, TX (Trustee, Joe H. Bruns, Seguin, TX) to acquire an interest in Blumberg BancUnits, L.P., Seguin, TX (Resubmission) N/A Change in Control Notice by members of the Blumberg Family and related trusts (9 notificants) to acquire an interest in Blumberg Family Partnership, L.P., Seguin, TX (Resubmission) N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE NOTICE ONLY APPLICATION None. NOTICE EXP SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Notice by Plains Bancorp, Inc., Dimmitt, TX, to redeem 5,520 shares of its common stock * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF APRIL 15, 1996 Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank Date of Examination CRA Ratinq The Bank of Livingston 1700 W. Church St. P.0. Box 1048 Livingston, TX 77351 96/01/08 Satisfactory FEDERAL RESERVE BANK OF SAN FRANCISCO V\feek ending 4/19/96 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Wfest One Bank, Idaho, Boise, Idaho, to acquire 7 branch offices o f U.S. Bank of Idaho, N .A , Coeur d'Alene, Idaho, as a result of a merger. * Newspaper: 4/13/96 Section II - Applications Subject to Both Newspaper and Federal Register Notice U.S. Bancorp, Portland, Oregon, to merge with California Bancshares, Inc., San Ramon, California, and to acquire all o f their bank subsidiaries. * U.S. Bancorp, Portland, Oregon, to acquire an option to purchase 19.9 percent of California Bancshares, Inc., San Ramon, California. * V\fest Coast Bancorp, Lake Oswego, Oregon, to merge with Vancouver Bancorp, Vancouver, Washington. * Newspaper: 5/11/96 Fed. Reg.: Newspaper: 5/11/96 Fed. Reg.: 5/02/96 Newspaper: Not available Fed. Reg.: Wfest Coast Bancorp, Lake Oswego, Oregon, to acquire 19.9 percent of Vancouver Bancorp, Vancouver, Washington. * 5/02/96 5/16/96 Newspaper: Not available F e d .Reg.: 5/16/96 Columbia Bancorp, The Dalles, Oregon, to acquire 100 percent of Klickitat Valley Bank, Goldendale, Washington. * Newspaper: Not available Columbia Bancorp, The Dalles, Oregon, to acquire an option to purcahse 9.9 percent of Klickitat Valley Bank, Goldendale, Washington. * Newspaper: Not available First Hawaiian, Inc., Honolulu, Hawaii, to acquire ANB Financial Corporation, Kennewick, Washington. * Newspaper: 5/21/96 Fed. Reg.: Fed. Rea.: Fed. Rea.: 5/23/96 5/23/96 5/23/96 Section III -Applications Subject to Federal Register Only None * Subject to C R A FEDERAL RESERVE BANK OF SAN FRANCISCO V\feek ending 4/19/96 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice (Cont'd.) None Section V - Availability of CRA Public Evaluations The CRA public evaluations o f the institution® below became available during this week. Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution American Pacific State Bank Location Examination.Date 15260 Ventura Blvd. 1/16/96 Sherman Oaks, CA 91403 (818) 382-1500 Bating* Satisfactory *Under the rating system an institution's CRA performance is assigned one o f the following four ratings: Outstanding record o f m eeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f m eeting community credit needs: An institution has a satisfactory record of ascertaining and meeting 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 record o f meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs o f its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent w ith 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 o f its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent w ith its resources and capabilities. The above listing has been prepared as a courtesy by the Federal Reserve Bank o f San Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or omissions.
@FedFRASER