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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1994, No. 17 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending April 23, 1994 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK BRANCHES. DOMESTIC Rocky Mountain State Bank, Rangely, Colorado - - t o establish a branch on West Market Street, Meeker, Colorado. Approved, April 18, 1994. BANK HOLDING COMPANIES Caisse Nationale de Credit Agricole, Pairis, France -to engage in securities-related activities, including private placement, riskless principal, full-service brokerage, and financial advisory activities through Credit Agricole Securities, Inc., New York, New York. Approved, April 18, 1994. Caisse Nationale de Credit Agricole, Paris, France -to provide futures commission merchant execution, clearance, and advisory services with respect to nonfinancial commodity derivatives through Credit Agricole Futures, Inc., Chicago, Illinois. Approved, April 18, 1994. CNB Bancshares, Inc., Evansville, Indiana -- to acquire Union Bank & Trust Company, Morganfield, Kentucky, the Morganfield, Kentucky, branch of First Federal Savings Bank of Kentucky, Madisonville, Kentucky, and for First Federal to acquire CNB Bank of Kentucky, Shively, Kentucky. Approved, April 18, 1994. BANK PREMISES Rocky Mountain State Bank, Rangely, Colorado -investment in bank premises. Approved, April 18, 1994. BANKS. FOREIGN Banque Nationale de Paris, Paris, France -- to acquire through Bank of the West, San Francisco, California, 15 branches of Citibank, F.S.B., Oakland, California. Approved, April 18, 1994. H.2 APRIL 18, 1994 PAGE 2 TO APRIL 22, 1994 ACTIONS TAKEN BY THE BOARD OF GOVERNORS ENFORCEMENT West Coast Bancorp, Newport Beach, California -written agreement dated April 11, 1994, with the Federal Reserve Bank of San Francisco. Announced, April 18, 1994. INTERNATIONAL OPERATIONS Bank of America National Trust & Savings Association, San Francisco, California -- to establish branches in Hanoi and Ho Chi Minh City, Vietnam. Permitted, April 18, 1994. Morgan Guaranty International Finance Corporation, New York, New York - - t o make an investment in J.P. Morgan Trust Bank, Ltd., Tokyo, Japan. Permitted, April 22, 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 Atlanta Bank of Alabama, Fultondale, Alabama -- to establish a branch at 2340 Woodcrest Place, Suite 100, B irmingham, A1abama. Approved, April 22, 1994. Atlanta Citizens Trust Bank, Atlanta, Georgia -- to establish a branch at 712 Peachtree Street, N.W. Approved, April 22, 1994. Chicago Comerica Bank-Illinois, Skokie, Illinois -- to establish a branch at the northeast corner of Milwaukee Avenue and Old Half Day Road, Lincolnshire, Illinois. Approved, April 19, 1994. H.2 APRIL 18, 1994 PAGE 3 TO APRIL 22, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Richmond F & M Bank-Winchester, Winchester, Virginia -- to establish a branch at 6701 Northwestern Pike (Route 50 West), Gore, Virginia. Approved, April 21, 1994. Richmond F & M Bank-Winchester, Winchester, Virginia -- to establish an Electronic Funds Transfer facility at 1850 Apple Blossom Drive. Approved, April 22, 1994. Philadelphia First Capitol Bank, York, Pennsylvania -- to establish a branch at 49 East Market Street. Approved, April 19, 1994. Richmond George Mason Bank, Fairfax, Virginia - - t o establish a branch at 4005 Wilson Boulevard, Arlington, Virginia. Approved, April 22, 1994. San Francisco Tehama County Bank, Red Bluff, California -- to establish a branch through relocation of its loan production office at 1600 Mangrove Avenue, Chico, California, to 2025 Pillsburg Road, converting the Office to a full-service branch. Approved, April 22, 1994. BANK HOLDING COMPANIES Atlanta Bank South Corporation, Atlanta, Georgia -- to acquire certain assets and assume certain liabilities of the Lithia Springs branch of Southern Federal Savings Association of Georgia. Approved, April 22, 1994. GC Citizens Bancshares, Bozeman, Montana -determination that transfer of certain shares of Citizens Bancshares to the sole shareholder of Three Forks Bancorporation, Three Forks, Montana, constitutes divestiture. Granted, April 19, 1994. H.2 APRIL 18, 1994 PAGE 4 TO APRIL 22, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Citizens Bancshares Corporation, Atlanta, Georgia -to acquire certain assets and assume certain liabilities of the main office of Southern Federal Savings Association of Georgia. Approved, April 22, 1994. Kansas City DuRoc Investment Company, Table Rock, Nebraska acquire State Bank of Table Rock. Approved, April 20, 1994. Director, BS&R First Community Corporation, Rogersville, Tennessee - transfer gent registration. Approved, April 20, 1994. Atlanta First National Sylacauga Corporation, Sylacauga, Alabama -- to engage de novo in credit related insurance activities through Frontier Financial Services, Inc. Permitted, April 19, 1994. Atlanta First Security Corporation, Norcross, Georgia -- to acquire certain assets and assume certain liabilities of the Chastain Square branch of Southern Federal Savings Association of Georgia. Atlanta, Georgia. Approved, April 22, 1994. Chicago First Waukegan Corporation, Gurnee, Illinois -- to acquire Hometown Finance Corporation, Glenview, Illinois. Returned, April 18, 1994. Chicago Kerndt Bank Services, Inc., Lansing, Iowa -- to acquire Peters Insurance Agency. Approved, April 20, 1994. Secretary Shorebank Corporation, Chicago, Illinois -- to relocate the main office of Potters Bank and Trust Company, East Liverpool, Ohio, to Cleveland, Ohio, to reduce Potters Bank's capital stock, and to make changes in Potters Bank's business and corporate powers. Approved, April 18, 1994. to H.2 APRIL 18, 1994 PAGE 5 TO APRIL 22, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Secretary Union Planters Corporation, Memphis, Tennessee -- to acquire BNF BANCORP, Inc., Decatur, Alabama, and BANKFIRST, a Federal Savings Bank. Approved, April 21, 1994. Chicago Valley Financial Corp., Caro, Michigan -- to engage de novo in the sale of general insurance. Permitted, April 21, 1994. BANK MERGERS Richmond Centura Bank, Rocky Mount, North Carolina - - t o merge with Mid-South Bank and Trust Company, Sanford, North Carolina. Approved, April 19, 1994. Atlanta Citizens Trust Bank, Atlanta, Georgia - - t o merge with the main office of Southern Federal Savings Association of Georgia. Approved, April 18, 1994. BANK PREMISES Atlanta Bank of Alabama, Fultondale, Alabama -- investment in bank premises. Approved, April 22, 1994. Chicago Comerica Bank-Illinois, Skokie, Illinois -investment in bank premises. Approved, April 19, 1994. CAPITAL STOCK Chicago First Forest Park Corporation, Forest Park, Illinois -- redemption of shares. Returned, April 20, 1994. H.2 APRIL 18, 1994 PAGE 6 TO APRIL 22, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL St. Louis Allegiant Bancorp, Inc., St. Louis, Missouri -change in bank control. Permitted, April 19, 1994. Cleveland Bourbon Bancshares, Inc., Paris, Kentucky -- change in bank control. Permitted, April 19, 1994. Kansas City Collegiate Peeks Bancorporation, Inc., Buena Vista, Colorado -- change in bank control. Permitted, April 22, 1994. Atlanta E.C.S.B. Holding Company, Inc., Fort Walton Beach, Florida -- change in bank control. Permitted, April 22, 1994. Kansas City First National Utica Company, Utica, Nebraska -change in bank control. Permitted, April 18, 1994. Atlanta Florida Bancorporation, Inc., Palm Harbor, Florida -change in bank control. Permitted, April 21, 1994. Cleveland Peoples Financial Corp., Ford City, Pennsylvania -change in bank control. Permitted, April 18, 1994. Chicago Withee Bank Shares, Inc., Withee, Wisconsin -- change in bank control. Permitted, April 18, 1994. COMPETITIVE FACTORS REPORTS Kansas City American Heritage Bank, El Reno, Oklahoma, proposed merger with the El Reno branch of The American National Bank of Lawton, Lawton, Oklahoma -- report on competitive factors. Submitted, April 22, 1994. Kansas City Bank IV, Oklahoma, N.A., Tulsa, Oklahoma, proposed merger with Equity Bank for Savings, F.A., Oklahoma City, Oklahoma -- report on competitive factors. Submitted, April 21, 1994. H.2 APRIL 18, 1994 PAGE 7 TO APRIL 22, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Bank South, National Association, Atlanta, Georgia, proposed merger with Citizens Bank, Gainesville, Georgia -- report on competitive factors. Submitted, April 21, 1994. Richmond Capital Savings Bank, F.S.B., Timonium, Maryland, proposed merger with Washington Federal Savings Bank, Herndon, Virginia -- report on competitive factors. Submitted, April 19, 1994. Dallas Commercial State Bank, Palmer, Texas, proposed merger with New Commercial State Bank -- report on competitive factors. Submitted, April 19, 1994. Atlanta Cullman Savings and Loan Association, Cullman, Alabama, proposed reorganization as a federallychartered stock savings bank to be titled Cullman Savings Bank and subsequently to form Clark Company, MHC -- report on competitive factors. Submitted, April 18, 1994. Kansas City Farmers Bank & Trust, Atwood, Kansas, proposed merger with Brewster Bankshares, Inc., Brewster, Kansas, and Brewster National Bank -- report on competitive factors. Submitted, April 22, 1994. Richmond First Bank, Troy, North Carolina, proposed merger with Central State Bank, High Point, North Carolina -- report on competitive factors. Submitted, April 19, 1994. Boston First National Bank of Portsmouth, Portsmouth, New Hampshire, proposed acquisition of certain assets and assumption of certain liabilities of the Hampton, New Hampshire, branch of Peoples Heritage Savings Bank, Portland, Maine -- report on competitive factors. Submitted, April 18, 1994. H.2 APRIL 18, 1994 PAGE 8 TO APRIL 22, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS New York Independence Savings Bank, Brooklyn, New York, proposed acquisition of certain assets and assumption of certain liabilities to pay deposits made in two branches of Banco Central Hispano-USA, New York, New York -- report on competitive factors. Submitted, April 20, 1994. Minneapolis M&I Community State Bank, Eau Claire, Wisconsin, proposed merger with Pierce County Bank & Trust, Ellsworth, Wisconsin, and Valley Bank Menomonie, Menomonie, Wisconsin -- report on competitive factors. Submitted, April 18, 1994. Richmond Myersville Bank, Myersville, Maryland, proposed purchase of the Martins Hagerstown branch, Hagerstown, Maryland, of First United National Bank & Trust, Oakland, Maryland -- report on competitive factors. Submitted, April 18, 1994. Atlanta Ponchatoula Homestead Association, Ponchatoula, Louisiana -- proposed reorganization into a mutual holding company to be called Homestead Mutual Holding Company -- report on competitive factors. Submitted, April 19, 1994. St. Louis Union Planters Bank of Chattanooga, N.A., Chattanooga, Tennessee, proposed purchase of the assets and assumption of the liabilities of four branches of Union Planters National Bank, Memphis, Tennessee -- report on competitive factors. Submitted, April 20, 1994. St. Louis Union Planters Bank of Middle Tennessee, N.A., Nashville, Tennessee, proposed purchase of the assets and assumption of the liabilities of 40 branches of Union Planters National Bank, Memphis, Tennessee -- report on competitive factors. Submitted, April 20, 1994. H.2 APRIL 18, 199** PAGE 9 TO APRIL 22, 199** ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Philadelphia United States National Bank, Johnstown, Pennsylvania, proposed merger with Johnstown Interim Bank, in connection with acquisition of and merger with Johnstown Savings Bank -- report on competitive factors. Submitted, April 20, 199**. EXTENSIONS OF TIME Cleveland Banc One Corporation, Columbus, Ohio, and Banc One Illinois Corporation, Springfield, Illinois -extension to July 18, 199**, to acquire Mid State Bancshares, Inc., Moline, Illinois. Granted, April 22, 199**. Dallas City National Bancshares, Inc., Dover, Delaware -extension to June 20, 199**, to acquire T M & S Bancshares, Inc., and City National Bank of Colorado City, Colorado City, Texas. Granted, April 22, 199**. Cleveland F&A Financial Company, Kittanning, Pennsylvania, and Snyder Holding Corporation -- extension to July 28, 199**, to acquire The Armstrong County Trust Company. Granted, April 22, 199**. Richmond First Union Corporation, Charlotte, North Carolina -extension to June 9, 199**, for First Union National Bank of North Carolina, to merge with American Commercial Savings Bank, Inc., SSB, Monroe, North Carolina. Granted, April 20, 199**. Richmond First Virginia Bank, Falls Church, Virginia -extension to August 17, 199**, to establish a branch at 1**90 North Pointe Village Center, Reston, Virginia. Granted, April 22, 199**. H.2 APRIL 18, 1994 PAGE 10 TO APRIL 22, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Dallas T M & S Bancshares, Inc., Dover, Delaware -extension to June 20, 1994, to acquire City National Bank of Colorado City, Colorado City, Texas. Granted, April 22, 1994. REGULATIONS AND POLICIES FOMC Short term interest rates -- increase in federal funds rate. Announced, April 18, 1994. RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Kansas City -- to purchase check sorter stacker modules for the Kansas City, Denver, and Omaha offices. Approved, April 19, 1994. SECURITIES REGULATION Director, BS&R Over-the-counter stocks -- revised list of OTC stocks subject to margin requirements, and a list of foreign margin stocks. Published, April 22, 1994. H.2 APRIL 18, 1994 PAGE 11 ADDITIONS AND CORRECTIONS TO APRIL 22, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC New York Chemical Bank, New York, New York " t o establish an offsite electronic facility at the Bronx Zoo / Wildlife Conservation Park, 2300 Southern Boulevard, Bronx, New York. Approved, March 30, 1994. BANK HOLDING COMPANIES Secretary First Interstate Bancorp, Los Angeles, California -proposal that First Interstate Bank of Oregon, N.A., Portland, Oregon, acquire certain assets and assume certain liabilities of Far West Federal Savings Bank. Approved, April 15, 1994. Chicago First Midwest Corporation of Delaware, Elmwood Park, Illinois -- to engage de novo in trust company activities through Midwest Trust Services, Inc. Returned, April 14, 1994. CAPITAL STOCK Cleveland Peoples Financial Corp., Ford City, Pennsylvania -redemption of shares. Permitted, April 12, 1994. COMPETITIVE FACTORS REPORTS Chicago American National Bank and Trust Company of Chicago, Chicago, Illinois, proposed purchase of certain of the assets and assumption of certain of the liabilities of the First National Bank of Chicago - report on competitive factors. Submitted, April 15, 1994. Chicago Community Bank Utica, Utica, Illinois, proposed merger with Republic Bank of Utica -- report on competitive factors. Submitted, April 15, 1994. Chicago First National Bank of Chicago, Chicago, Illinois, proposed merger with Oxford Bank, Romeoville, Illinois -- report on competitive factors. Submitted, April 15, 1994. H.2 APRIL 18, 1994 PAGE 12 ADDITIONS AND CORRECTIONS TO APRIL 22, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago First National Bank of Chicago, Chicago, Illinois, proposed merger with Lake Shore National Bank, and Bank of Hinsdale, Hinsdale, Illinois -- report on competitive factors. Submitted, April 15, 1994. Chicago M&I Bank of Mayville, Mayville, Wisconsin, proposed purchase of the assets and assumption of the liabilities of the Lormira office of Valley Bank East Central, Kewaskum, Wisconsin -- report on competitive factors. Submitted, April 11, 1994. Chicago M&I Bank of Menomonee Falls, Menomonee Falls, Wisconsin, proposed purchase of the assets and assumption of the liabilities of the Menomonee Falls SMB, Menomonee Falls and Richfield offices of Valley Bank Milwaukee, Wauwatosa, Wisconsin -report on competitive factors. Submitted, April 11, 1994. Chicago M&I Bank of Oconomowoc, Oconomowoc, Wisconsin, proposed purchase of the assets and assumption of the liabilities of the Brookfield office of M&I Greater Milwaukee Bank, Brookfield, Wisconsin, and the Hartland North Lake and Oconomowoc offices of Valley Bank Milwaukee, Wauwatosa, Wisconsin -report on competitive factors. Submitted, April 11, 1994. Chicago M&I Central State Bank, Ripon, Wisconsin, proposed merger with Valley First National Bank of Ripon, -report on competitive factors. Submitted, April 11, 1994. Chicago M&I First National Bank, West Bend, Wisconsin, proposed purchase of certain assets and assumption of certain liabilities of the Allenton and West Bend, Wisconsin, branches of Valley Bank East Central, Kewaskum, Wisconsin, and the Jackson, Wisconsin, branch of Valley Bank, Milwaukee, Wisconsin -- report on competitive factors. Submitted, April 11, 1994. H.2 APRIL 18, 1994 PAGE 13 ADDITIONS AND CORRECTIONS TO APRIL 22, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago M&I Madison Bank, Madison, Wisconsin, proposed merger with Valley Bank Madison -- report on competitive factors. Submitted, April 11, 1994. Chicago Valley Bank East Central, Kewaskum, Wisconsin, proposed purchase of the assets and assumption of the liabilities of the Maytown, office of M&I New Holstein Bank, New Holstein; Saukville & Hartford, Wisconsin, offices of Valley Bank Milwaukee, Wauwatosa; and Knowles, Wisconsin, office of M&I Bank of Mayville, Mayville, Wisconsin -- report on competitive factors. Submitted, April 11, 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 Newspaper 05-16-94 Family Bancorp, Haverhill, Massachusetts - 5 ( d ) (3) application to acquire certain assets and assume certain liabilities of the Andover branch of First Federal Savings Bank of Boston, Boston, Massachusetts Newspaper Not Yet Established 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 Institution AVAILABILITY OF CRA PUBLIC EVALUATIONS Examination Date Rating* * 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___________ Bank Austria Aktiengesellschaft, Vienna, Austria to establish a representative office in Chicago, Illinois. N/A Fleet Bank of New York, Albany, New York, to establish an offsite electronic facility at Ames Plaza, Ontario, New York.l/ 5/12/94 Chemical Bank, New York, New York, to establish a branch at Unity Center, Pier 90 (49th street and the West Side Highway), New York, New York.l/ 5/20/94 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Hudson City Bancorp, Inc., Paramus, New Jersey, to become a bank holding company through the acquisition of 100 percent of the voting shares of Hudson City Savings Bank, Paramus, New Jersey, upon conversion from a state-chartered mutual savings bank to a stock form savings bank.l/ 5/25/94 3 / UJB Financial Corp., Princeton, New Jersey, to acquire VSB Bancorp, Inc., Closter, New Jersey and its wholly-owned subsidiary, Valley Savings Bank, and under certain cirmcumstances to exercise a stock option agreement to purchase not more than 19.9 percent of the outstanding common shares of VSB Bancorp.1/ 5/6/94 2/ SECTION III Nonbanking Applications (Subject to Federal, Register Notice Only) Societe Generale, Paris, France, to engage through its whollyowned indirect subsidiary, FIMAT Futures USA, Inc., in acting as agent and providing investment advice in connection with spot, forward and over-the-counter options transactions in foreign currency; acting as agent and providing investment advice in connection with interest rate swap and currency swap transactions and swap derivative products; buying and selling foreign government securities on the order of investors as a riskless principal. 5/13/94 Societe Generale, Paris, France, to engage through its whollyowned indirect subsidiary, FIMAT Futures USA, Inc., in providing execution, clearance and advisory services with respect to certain non-financial agricultural and energy futures contracts and options on futures contracts. 5/12/94 SECTION III . Nonbanking Applications (Subject to Federal, Register Notice Only) con't Banco Bilbao Vizcaya, S.A., Bilbao, Spain to retain its indirect investment in Probursa International Incorporated, New York, New York, a wholly-owned indirect subsidiary of of Grupo Financiero Probursa, S.A. de C.V. and thereby engage in full service brokerage, riskless principal, private placement and investment advisory activities. N/A SECTION IV Applications Not Involving ______ Public Comment______ Citibank Overseas Investment Corporation, New Castle, Delaware to make an additional Investment in' London Capital Holdings Limited, London, England. 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 23, 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 None SECTION II ~ APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE CoreStates Financial Corp, Philadelphia, PA, requests approval to acquire 100% of the voting shares of New Clayton Bank, Wilmington, DE , pursuant to Section 3(a)(3) of the BHC Act. Newspaper Comment Period expires: Fed. Register comment period expires: 5/09/94 5/16/94 Fulton Financial Corp., Lancaster, PA requests approval to acquire 100% of Central Pennsylvania Financial Corp., Shamokin, PA pursuant to Section 4(c)(8) of the BHC Act. Newspaper Comment Period expires: Fed. Register Comment period expires: 5/16/94 5/20/94 Fulton Financial Corp., Lancaster, PA requests approval to acquire 100% of Pennsylvania Savings Bank, Shamokin, PA, pursuant to Section 3(a)(3) of the BHC Act. Newspaper Comment Period expires: Fed. Register Comment period expires: 5/16/94 5/20/94 Central Pennsylvania Financial Corp., Shamokin, PA requests approval to form a bank holding company by acquiring 1100% of Central Pennsylvania Savings Bank, Shamokin, PA, pursuant to Section 3(a)(1) of the BHC Act. Newspaper Comment Period expires: Fed. Register comment period expires: 5/16/94 5/20/94 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE None. 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 22, 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 CRA Rating Freedom Valley Bank 1522 McDaniel Drive West Chester, PA. 19382 11/29/93 Satisfactory East Penn Bank 731 Chestnut Street Emmaus, Lehigh Co., PA 18049 12/6/93 Satisfactory Security First Bank 1223 North Providence Road Media, Delaware Co., PA. 19063 12/13/93 Needs to Improve Federal Reserve Bank of Cleveland Applications Bulletin For Week Ending April 23, 1994 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Received Section 4 ( c ) (8) Mellon Bank Corporation, Pennsylvania, on January Dreyfus Security Savings Paramus, New Jersey, and Uniondale, New York. application from Pittsburgh, 3, 1994, to acquire Bank, FSB, Dreyfus Trust Company, *F:May 30, 1994 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4 ( c ) (8) application from 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. May 30, 1994 Received Section 4 ( c ) (8) application from Northwest Bancorp, Inc., Warren, Pennsylvania, on May 8, 1994, to acquire certain non-bank subsidiaries of Northwest Savings Bank, Warren, Pennsylvania. May 20, 1994 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. ## - Expected to end approximately 15 days from date of application's receipt. AVAILABILITY OF CRA PUBLIC EVALUATIONS (April 23, 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 15, 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 lowand moderate-income 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 Union Corporation, Charlotte, North Carolina, to have its subsidiary, First Union National Bank of Florida, Jacksonville, Florida, merge with BancFlorida, a Federal Savings Bank, Naples, Florida.* 5-10-94 First Virginia Bank - Shenandoah Valley, Woodstock, Virginia, to merge with First Virginia Bank of Augusta, Staunton, Virginia, and First Virginia Bank - Planters, Bridgewater, Virginia.* 5-11-94 First Virginia Bank, Falls Church, Virginia, to establish a branch one block south of the intersection of Claiborne Parkway and Ashburn Farm Parkway, Ashburn, Virginia.* 5-16-94 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date FNB Corp., Asheboro, North Carolina, to acquire Randleman Savings Bank, SSB, Randleman, North Carolina.* 5-9-94 F & M National Corporation, Winchester, Virginia, to acquire PNB Financial Corporation and its subsidiary, The Peoples National Bank of Warrenton, Warrenton, Virginia.* 5-18-94 F & M National Corporation, Winchester, Virginia, to acquire Hallmark Bank and Trust Company, Springfield, Virginia.* 5-18-94 Section III - Applications Subject to Federal Register Notice Application None. *Application is subject to CRA requirements. Comment Period Ending Date Federal Reserve Bank of Richmond Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice Application The Fauquier Bank, Warrenton, Virginia (the proposed successor to The Fauquier National Bank), for membership in the Federal Reserve System. The Page Valley Bank, Luray, Virginia (the proposed successor to The Page Valley National Bank), for membership in the Federal Reserve System. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending April 22, 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 First Community Bank, Inc. 1001 Mercer Street Princeton, West Virginia 24740 1-24-94 Rating Satisfactory Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending April 22. 1994 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Western Bank Cooper City, Florida To establish a branch located at 6775 Taft Street, Hollywood, Florida. 05-12-94* Smyrna Bank & Trust Company Smyrna, Georgia To establish a branch located at 1755 Powder Springs Road, to be known as the Powder Springs Road Branch. Not yet available* Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Hibernia Corporation New Orleans, Louisiana To merge with First Continental Bancshares, Inc., Gretna, Louisiana, and thereby directly acquire First National Bank of Jefferson Parish, Gretna, Louisiana, pursuant to Section 3 (a)(5) of the Bank Holding Company A c t . Not yet available* Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date Compass Bancshares, Inc. Birmingham, Alabama To engage de novo in making, acquiring and servicing loans or other extensions of credit, pursuant to Section 4 ( c ) (8) of the Bank Holding Company Act and Section 225.25(b)(1) of Regulation Y. Not yet available Citco Community Bancshares, Inc. Elizabethton, Tennessee To acquire Small Business Resources, Inc., Panama City, Florida, pursuant to Section 4 ( c ) (8) of the Bank Holding Company Act and Section 225.25(b)(1) of Regulation Y. Not yet available ♦Subject to provisions of the Community Reinvestment Act. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Premier Bancorp, Inc. Baton Rouge, Louisiana Request for waiver of the application requirement under Section 3(a) (5) of the Bank Holding Company Act for the acquisition of Heritage Financial Corporation, Ruston, Louisiana, and its subsidiary, D'Arbonne Bancshares, Inc., Farmerville, Louisiana. Heritage and D'Arbonne own four bank subsidiaries. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending April 22, 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- 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. Examination Bank Rating First Southern Bank Satisfactory 9955 West Glade Road Boca Raton, Florida 33434 (407)479-2100 Date 01-10-94 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Branch/24A Comerica Bank-Illinois Skokie, Illinois Northeast Corner of Milwaukee Avenue & Old Half Day Road Lincolnshire, Illinois & Invest $1,926,000 in Land N - 4-18-94 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 - 4-29-94 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 and to establish 17 branches N - ** Branch State Bank of Freeport Freeport, Illinois 6833 Stalter Drive Rockford, Illinois N - Branch First Bank North Freeport, Illinois 3957 N. Mulford Road Rockford, Illinois N - 4-25-94 Branch The Northern Trust Company Chicago, Illinois West Pullman School 11941 South Parnell Chicago, Illinois N - Oakar Chemical Bank and Trust Company Freeland, Michigan Freeland, Michigan Office of Standard Federal Bank Troy, Mi chi gan N ** 5-05-94 * * Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Type Application Comment Period Ending Date CoC-HC Veedersburg Bank Corp. Veedersburg, Indiana Stephen A . Songer FR - 3-31-94 N - ** Y-l First Ozaukee Capital Corp. Cedarburg, Wisconsin First Ozaukee Savings Bank Cedarburg, Wisconsin* 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 - ** 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 - 4-25-94 N - ** 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 - 5-2-94 NP - 4-28^94 CoC-HC Spring Bancorp, Inc. Springfield, Illinois Jack A. Marantz & Tom E. Marantz FR NP 5-09-94 5-01-94 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date ■Type Application 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 - 5-2-94 NP - 4-28-94 Y-l Second Fourth Street Financial Corp. Pekin, Illinois Herget Financial Corp. Pekin, Illinois Herget National Bank of Pekin Pekin, Illinois* FR - 5-12-94 NP - ** Y-2 Heritage Financial Services Tinley Park, Illinois Midlothian State Bank Midlothian, Illinois* FR - 5-12-94 NP - 5-15-94 Y-l Capital Commerce Bancorp, Inc. Milwaukee, Wisconsin Western Bancshares, Inc. Milwaukee, Wisconsin Milwaukee Western Bank Milwaukee, Wisconsin* FR - ** NP - 5-6-94 Y-2 Capitol Bancorp, LTD. Lansing, Michigan Financial Center Corporation Holland, Michigan Paragon Bank Holland, Michigan* FR - 2-25-94 NP - 5-14-94 Y-2 Chemical Financial Corporation Midland, Mi chigan Standard Federal Bank Troy, Michigan* CoC-HC / Peoples Bancorp, Inc. Prairie Du Chien, Wisconsin Thomas F. Farrel FR - ** 1V - ** FR - ** N - 5-01-94 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date T y m Application Y-2 Amcore Financial Inc. Rockford, Illinois First State Bancorp of Princeton, Illinois, Inc. Princeton, Illinois First Bank of Gridley Gridley, Illinois First State Bank of Princeton Princeton, Illinois First Bank of Ashton-Rochelle Ashton, Illinois* FR - ** N . ** CoC-HC Northwood Financial Services Corporation Northwood, Iowa Carol J. Paulson FR - 5-20-94 N - 4-27-94 Y-2 Ambank Company, Inc. Sioux Center, Iowa Remsen Financial Services, Inc. Council Bluffs, Iowa First Trust & Savings Bank, NA Remsen, Iowa* FR - 5-20-94 N - ** Y-l Madison Bancorp, Inc. Madison Heights, Michigan Madison National Bank Madison Heights, Michigan* FR - ** N - ** Y-2 Baylake Corp. Sturgeon Bay, Wisconsin Kewaunee County Banc-shares, Inc. Kewaunee, Wisconsin State Bank of Ifewaunee Kewaunee, Wisconsin* FR - ** N . ** CoC-HC Community Illinois Corporation Rock Falls, Illinois Louis F. Pignatelli FR - ** ★* N Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (ContinuedJ Comment Period Ending Date Type Application Y-l Employees Stock Ownership Plan of Horizon Bancorp Michigan City, Indiana Horizon Bancorp Michigan City, Indiana First Citizens Bank, NA Mi chigan City, Indiana * FR - ** N - 5-19-94 Y-l Northwest Indiana Bancorp Munster, Indiana Peoples Bank, SB Munster, Indiana* FR - ** N - 3-07-94 Y-2 Town Financial Corporation Hartford City, Indiana Pacesetter Bank of Hartford City Hartford City, Indiana Pacesetter Bank of Montpelier Montpelier, Indiana* FR - ** N - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Type Application Y-4 First Waukegan Corporation Gurnee, Illinois Hometown Finance Corporation Glenview, Illinois FR - 4-18-94 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 N - 5-14-94 4 (c) (8) Heartland Financial USA, Inc. Dubuque, Iowa KFS Services, Inc. Keokuk, Iowa FR - 4-15-94 N - 5-14-94 4 (C) (8) Valley Financial Corp. Caro, Mi chigan Engage in the sale of general insurance FR - 4-18-94 4 (C) (8) First Midwest Corporation of Delaware Elmwood Park, Illinois Midwest Trust Services Elmwood Park, Illinois FR - 5-09-94 4(c) (8) Horizon Bancorp Michigan City, Indiana Engage in lending activities FR * * Federal Reserve Bank of Chicago Section I V A p p l i c a t i o n s Not Subject to Federal Register or Newspaper Notice Type Application RoS Spring Bancorp, Inc. Springfield, Illinois Redeem 175,155 shares of its common stock RoS First Forest Park Corporation Forest Park, Illinois Redeem 1,634 shares of its common stock RoS Community Illinois Corporation Rock Falls, Illinois Purchase 7.5% of its outstanding shares RoS First Security Banshares, Inc. Lake Park, Iowa Redeem treasury stock from JoAnn Kuehl N - Newspaper FR - Federal Register * - Subject to Provisions of Community Reinvestment Act ** - Not available at this time 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 22, 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 -NONE RATINGS Federal Reserve Bank of St. Louis FOR THE WEEK ENDING APRIL 22, 1994 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period Section 3(a)(3) application by First Commercial Corporation, Little Rock, Arkansas, to acquire United American Bancshares, Inc., Palestine, Texas. Newspaper: 5-20-94 Section 4(c)(8) application by Trans Financial Bancorp, Inc., Bowling Green, Kentucky, to merge Citizens Federal Savings Bank, Rockwood, Tennessee, into Trans Financial Bank of Tennessee, F.S.B., Tullahoma, Tennessee (both thrifts are subsidiaries of Trans Financial Bancorp, Inc.). Newspaper: 5-25-94 Change in Control notification involving Staun Bancorp, Inc., Staunton, Illinois, by Jack A. Marantz and Tom Edward Marantz (previously reported during week ending 4-8-94). Newspaper: 5-4-94 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period Section 4(c)(8) notification by First Commercial Corporation, Little Rock, Arkansas, to engage de novo in making, acquiring, and servicing loans. Not yet available 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 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 o f its entire delineated community, including low and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. - Needs to im prove 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 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 o f its entire delineated community, including low and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. - FOR THE WEEK ENDING Name of Bank Bank of Ste. Genevieve April 22, 1994 Bank Address P. 0. Box 408 Ste. Genevieve, Mo. Examination Date 1-10-94 63670 Examination Rating Satisfactory FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application Western Bank of Billings Billings, MT To become a member of the Federal Reserve System* Not yet available Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date 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 Sturzl Revocable Trust Eddie A. Sturzl, Trustee and Peggy Sturzl, Trustee Laona, Wisconsin To acquire 26.8% of the voting shares of Northern Wisconsin Bank Holding Company, Inc., Laona, Wisconsin* Not yet available First National Bank of Bemidji Employee Stock Ownership Plan, Bemidji, MN To acquire 40.09% of the voting shares of the First Bemidji Holding Company, Bemidj i , MN* May 20, 1994 (Federal Register) ^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 Norwest Bank International Minneapolis, Minnesota To establish branch offices in Des Moines and Cedar Rapids, IA; Denver, Colorado; and Milwaukee, Wisconsin* Not yet available *Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application Otto Bremer Foundation, St. Paul, MN and Bremer Financial Corporation, St. Paul, MN To engage de novo in leasing real property Withdrawn FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application NONE Section V - Availability of CRA Public Evaluations week ending April 22, 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 moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK(S) EXAMINED DATE OF EXAMINATION CRA RATING First United Bank of Sidney 120 Second Avenue NW P. 0. Box 1448 Sidney, MT 59270-1448 (406) 482-3212 January 10, 1994 Outstanding The State Savings Bank P. 0. Box 399 Manistique, MI 49854 (906) 341-2171 January 10, 1994 Satisfactory The Clinton State Bank P. 0. Box 360 Clinton, MN 56225-0360 (612) 325-5401 January 19, 1994 Outstanding Federal Reseroe Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION Stockgrowers State Bank, Worland, Wyoming, for prior approval to become a member of the Federal Reserve System. COMMENT PERIOD ENDING DATE Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Consolidated Equity Corporation, Purcell, Oklahoma, for prior approval to become a bank holding company through the acquisition of 100 percent of American Interstate Bancshares, Inc., Woodward, Oklahoma, 85.89 percent of the voting shares of American National Bank, Woodward, Oklahoma, and 98.27 percent of First American Bank & Trust Co., Purcell, Oklahoma.8 Not Available James Levendofsky, Belleville, Kansas, for prior approval to increase his proportionate ownership interest in Peoples Bancorp of Belleville, Inc., Belleville, Kansas, from 18 percent to 32.35 percent. Not Available George H. Waitt, III, Rose Hill, Kansas, for prior approval to increase his proportionate ownership interest in Rose Hill Bancorp, Inc., Rose Hill, Kansas, from 13.7 percent to 36.8 percent. Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Consolidated Equity Corporation, Purcell, Oklahoma, for prior approval to retain mortgage and other notes receivable. COMMENT PERIOD ENDING DATE Not Available Federal Reserve Bank of Kansas City McClain County Bancorporation, Inc., Purcell, Oklahoma, for prior approval to perform the offering of general insurance products. Not Available First Ainsworth Company, Ainsworth, Nebraska, for prior approval to acquire the assets of The Kulek Insurance Agency, Ainsworth, Nebraska, and 80 percent of The First National Agency of Ainsworth, Inc., Ainsworth, Nebraska, and to engage in certain nonbanking activities. May 20, 1994 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. 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. Federal Reserve Bank of Kansas City 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 Bank of Holden 123 West 2nd Holden, Missouri 01-07-94 04-11-94 Outstanding 01-10-94 Boswell State Bank P.O. Box 89 Boswell, Oklahoma 74727-0089 04-11-94 Satisfactory 01-03-94 04-13-94 Outstanding 64040-1322 Castle Rock Bank 501 Wilcox Street Castle Rock, Colorado 80104-1736 ♦Application is subject to CRA. CRA Rating FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF APRIL 18, 1994 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP ♦Section 3(a)(1) application by First International Bancorp Texas, Inc., Bedford, TX, to acquire First International Bancorp America, Reno, NV, and First International Bank, Bedford, TX 94/05/12 ♦Section 3(a)(1) application by First International Bancorp America, Reno, NV, to acquire First International Bank, Bedford, TX 94/05/12 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF APRIL 18. 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 Date of Examination Central Bank 300 DeSiard Street P. 0. Box 4928 Monroe, LA 71211-4928 92/10/05 Satisfactory Texas Coastal Bank 6731 Spencer Hwy. P. 0. Box 5626 Pasadena, TX 77508 94/01/11 Satisfactory CRA Rating FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 4/22/94 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Heritage Bank of Nevada (In Organization), Reno, Nevada, to become a member of the Federal Reserve System. * Newspaper: 5/10/94 Bank of Fresno, Fresno, California, to merge with Merced Bank of Commerce, Merced, California, with Bank of Fresno as the surviving entity. * Newspaper: 5/18/94 Section II - Applications Subject to Both Newspaper and Federal Register Notice Newspaper: Not yet published Fed. Reg.: 5/12/94 Charter Bancorporation, Inc., Newport, Minnesota, Newspaper: to become a bank holding company by acquiring First Buffalo Holding Company, Scottsdale, Arizona. * Fed. Reg.: 5/19/94 First Commercial Bank, Taipei, Taiwan, to become a bank holding company by acquiring FCB Taiwan California Bank, location to be determined. * BankAmerica Corporation, San Francisco, California, to acquire Continental Bank Corporation, Chicago, Illinois, and its subsidiary, Continental Bank, N.A., Chicago, Illinois. * Not available Newspaper: 5/22/94 Fed. Reg.: 5/27/94 Section III - Applications Subject to Federal Register Notice Only BankAmerica Corporation, San Francisco, California, to acquire the domestic nonbank subsidiaries of Continental Bank Corporation, Chicago, Illinois. Fed. Reg.: 5/27/94 Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice BankAmerica Corporation, San Francisco, California, to acquire all of the foreign subsidiaries, joint ventures and portfolio investments of Continental Bank Corporation, Chicago, Illinois. * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO ( c o n t 'd . l Week Ending 4/22/94 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending April 22, 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