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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H.2, 1996, No. 17
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending April 27, 1996

ACTIONS TAKEN BY THE BOARD OF GOVERNORS
TESTIMONY AND STATEMENTS
Automated teller machine fees -- statement by
Governor Lindsey before the Subcommittee on
Financial Institutions and Consumer Credit of the
House Committee on Banking and Financial Services,
April 25, 1996.
Published, April 25, 1996.
BANK HOLDING COMPANIES
Berkshire Hathaway, Inc., Omaha, Nebraska -- request
for termination of commitments in connection with
Berkshire’s acquisition of voting securities of
Wells Fargo & Company, San Francisco, California.
Granted, April 25, 1996.
Bessemer Group, Incorporated, Woodbridge, New
Jersey -- notification of intent to engage de novo
in establishing and serving as the general partner
of investment funds that would invest in a variety
of instruments through Bessemer Asset Management,
Inc., New York, New York.
Permitted, April 22, 1996.
First Union Corporation, Charlotte, North Carolina -request for reconsideration of the Board’s approval
of the notices to acquire Society First Federal
Savings Bank, Fort Myers, Florida, and up to 20
percent of Internet, Inc., Reston, Virginia.
Denied, April 22, 1996.
Fleet Financial Group, Inc., Providence, Rhode Island
-- request for relief from commitments made by
Kohlberg Kravis Roberts & C o . in connection with
acquisition by KKR-affiliated partnerships of
voting securities of Fleet.
Granted, April 24, 1996.
BANKS. FOREIGN




Cedel Bank, S.A., Luxembourg - - t o establish a
representative office in New York, New York.
Approved, April 24, 1996.
Commercial Bank
Romania -- to
New York, New
Approved, April

”Ion Tiriac” , S.A., Bucharest,
establish a representative office in
York.
22, 1996.

H .2
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1996

TO

APRIL 2 7

, 1996

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BANKS. FOREIGN
Creditanstalt-Bankeverin, Vienna, Austria -- to
relocate an existing branch to Greenwich,
Connecticut, from New York, New York.
Approved, April 22, 1996.
Komercni Banka, a.s., Prague, Czech Republic - - t o
establish a representative office in New York, New
York.
Approved, April 22, 1996.
INTERNATIONAL OPERATIONS

Bankers Trust Company, New York, New York - - t o
establish certain special purpose companies.
Permitted, April 26, 1996.
REGULATIONS AND POLICIES
Regulation 0
amendments concerning lending by a
bank to certain executive officers and directors of
its affiliates (Docket R-0924).
Approved, April 24, 1996.
RESERVE BANK OPERATIONS
Cash access policy at Federal Reserve Banks -- new
policy to provide consistency in Federal Reserve
Banks* cash service levels.
Approved, April 24, 1996.
Federal Reserve Bank of San Francisco -- renovations
at the Seattle Branch building.
Approved, April 24, 1996.
SECURITIES REGULATION




Regulation T -- final rule (Docket R-0772).
Approved, April 24, 1996.
Regulations G, T, and U -- publication for comment on
amendments to margin regulations.
Approved, April 24, 1996.

H .2
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1996

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APRIL 2 7 ,

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




Chicago

Capac State Bank, Capac, Michigan -- to establish a
branch in the vicinity of North Avenue and Armada
Ridge Road, Armada, Michigan.
Approved, April 26, 1996.

Richmond

Crestar Bank, Richmond, Virginia -- to establish a
branch in the Williamsburg Landing Retirement
community at 5700 Williamsburg Landing Drive,
Williamsburg, Virginia.
Approved, April 23, 1996.

Chicago

F&M Northeast, Pulaski, Wisconsin -- to establish a
branch at 2300 South Oneida Street, Ashwaubenon,
Wisconsin.
Approved, April 26, 1996.

New York

Fleet Bank, Albany, New York -- to establish a branch
at 5-26 45th Avenue, Long Island City, and 1640
Veterans Memorial Highway, Central Islip, New York.
Approved, April 26, 1996.

Secretary

Greenwood Bank St Trust, Greenwood, South Carolina -to establish a branch at 1601 Highway 72 Bypass N E .
Approved, April 24, 1996.

San Francisco

Humboldt Bank, Eureka, California -- to establish a
branch in the Tops Sentry Market at Highway 299
West and Martin Road, Weaverville, California.
Approved, April 25, 1996.

New York

Interchange State Bank, Saddle Brook, New Jersey -to establish a branch at 3 Post Road, Oakland,
New Jersey.
Approved, April 22, 1996.

Dallas

Midland American Bank, Midland, Texas -- to establish
a branch at 1211 North Lamesa Highway, Stanton,
Texas.
Approved, April 24, 1996.

H .2
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PAGE 4

1996

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APRIL 2 7 ,

1996

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

BANK BRANCHES. DOMESTIC
Chicago

Northern Trust Company, Chicago, Illinois -- to
establish a branch at 826 South Northwest Highway,
Barrington, Illinois.
Approved, April 22, 1996.

San Francisco

Oak Valley Community Bank, Oakdale, California - - t o
establish a branch at 14580 Mono Way, Sonora,
California.
Approved, April 25, 1996.

St. Louis

Springdale Bank & Trust, Springdale, Arkansas -- to
establish a branch at 2004 South Pleasant.
Approved, April 22, 1996.

Secretary

SunTrust Bank, Gulf Coast, Sarasota, Florida -- to
establish branches at 2424 Manatee Avenue West,
Bradenton, Florida, and at the intersection of Bee
Ridge Road and Cattleman Road, Sarasota, Florida.
Approved, April 23, 1996.

Chicago

Union Bank & Trust Company, Evansville, Wisconsin -to establish a branch at 210 Commercial Street,
Brooklyn, Wisconsin.
Approved, April 26, 1996.

Dallas

United Bank 8 Trust, Abilene, Texas -- to establish a
branch at 161 West Highway 114, Grapevine, Texas.
Approved, April 22, 1996.

Chicago

1st Source Bank, South Bend, Indiana -- to establish
a branch at 3600 Portage Avenue; and 5020 Grape
Road, Mishawaka, Indiana.
Approved, April 26, 1996.

BANK HOLDING COMPANIES




St. Louis

Bancplus Corporation Employee Stock Plan, Belzoni,
Mississippi, and Bancplus Corporation -- to acquire
Home Savings Bank, SSB, Meridian, Mississippi.
Approved, April 26, 1996.

H .2
APRIL 2 2 ,
PAGE 5

1996

TO

APRIL 2 7 ,

1996

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

BANK HOLDING COMPANIES




Chicago

Bank of Montreal, Montreal, Canada, and First Chicago
NBD Corporation, Chicago, Illinois - - t o acquire
Multinet International Bank, New York, New York.
Returned, April 22, 1996.

Dallas

BNB Bancshares, Inc., Wilmington, Delaware -- request
for waiver of application to acquire Brownsville
National Bank, Brownsville, Texas.
Granted, April 24, 1996.

Dallas

Brazos Bancshares, Inc., Joshua, Texas -- to acquire
Heritage Eagle Corp. Red Oak, Texas.
,
Approved, April 22, 1996.

Chicago

Capitol Bancorp, Ltd., Lansing, Michigan -- to
acquire Bank of Tucson, Tucson, Arizona.
Approved, April 24, 1996.

San Francisco

Central Coat Bancorp, Salinas, California -- to
acquire Cypress Coast Bank, Seaside, California.
Approved, April 23, 1996.

Secretary

Compass Bancshares, Inc., Birmingham, Alabama;
Compass Banks of Texas, Inc., Houston, Texas; and
Compass Bancorporation of Texas, Inc., Wilmington,
Delaware -- to acquire Royall Financial
Corporation, Palestine, Texas, and The Royall
National Bank of Palestine.
Approved, April 22, 1996.

Atlanta

Deposit Guaranty Corporation, Jackson, Mississippi -request for waiver of application to merge with
Bank of Gonzales Holding Company, Inc., Gonzales,
Louisiana, and acquire Bank of Gonzales.
Approved, April 24, 1996.

Dallas

East Texas (Delaware), Ltd., Wilmington, Delaware -to acquire Gladewater National Bank, Gladewater,
Texas.
Approved, April 23, 1996.

H .2
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PAGE 6

1996

TO

APRIL 2 7 ,

1996

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

BANK HOLDING COMPANIES




Dallas

East Texas Financial Corporation, Kilgore, Texas -to acquire Gladewater National Bank, Gladewater,
Texas.
Approved, April 23, 1996.

Kansas City

FEO Investments, Inc., Hoskins, Nebraska -notification of intent to engage de novo in
community development activities.
Permitted, April 25, 1996.

Kansas City

First Newman Grove Bancshares Corporation, Newman
Grove, Nebraska -- notification of intent to engage
de novo in community service activities.
Permitted, April 23, 1996.

Chicago

First Northwest Bancorp, Inc., Arlington Heights,
Illinois -- to acquire First Northwest Bank.
Returned, April 23, 1996.

Dallas

First State Bancorp, Inc., Wilmington, Delaware -request for waiver of an application to acquire
North Texas Bank and Trust, Gainesville, Texas.
Granted, April 26, 1996.

Dallas

First State Bank of Gainesville, Gainesville, Texas - request for waiver of an application to acquire
North Texas Bank and Trust.
Granted, April 26, 1996.

Kansas City

Garvin County Bancshares, Inc., Wynnewood, Oklahoma - to acquire The State Bank of Wynnewood.
Approved, April 24, 1996.

Kansas City

Greater Metro Bank Holding Company, Aurora,
Colorado -- notification of intent to provide
management consulting services de novo.
Permitted, April 22, 1996.

Secretary

Interamericas Investments Ltd., Cayman Islands, and
Peter Ulrich, the Chairman of Interamericas -final decision and order to cease and desist and
assessment of civil money penalty.
Approved, April 22, 1996.

H .2
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1996

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APRIL 2 7 ,

1996

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

BANK HOLDING COMPANIES




Kansas City

Kanbanc, In c . Overland Park, Kansas -- to acquire
,
Citizens Bank of Norborne, Norborne, Missouri.
Approved, April 24, 1996.

Dallas

MAB Bancshares of Delaware, Inc., Wilmington,
Delaware -- request for waiver of application to
acquire Stanton National Bank, Stanton, Texas.
Granted, April 24, 1996.

Dallas

Metroplex Delaware Financial Corporation, Dover,
Delaware -- request for waiver of application to
acquire Bent Tree National Bank, Dallas, Texas.
Granted, April 24, 1996.

Cleveland

Mid Am, Inc., Bowling Green, Ohio - - t o acquire
Spectrum Check Services, Inc., dba National
Recovery Systems, Inc., Clearwater, Florida.
Approved, April 25, 1996.

Dallas

Midland American Bancshares, Inc., Midland, Texas -request for waiver of application to acquire
Stanton National Bank, Stanton, Texas.
Granted, April 24, 1996.

Richmond

National Bankshares, Inc., Blacksburg, Virginia - - t o
acquire Bank of Tazewell County, Tazewell,
Virginia.
Approved, April 24, 1996.

Richmond

NationsBank Corporation, Charlotte, North Carolina -to acquire Charter Bancshares, Inc., Houston,
Texas, and NB Holdings Corporation, Charlotte, and
merge with Charter Bancshares, Inc., Houston,
Texas.
Approved, April 25, 1996.

Richmond

NationsBank Corporation, Charlotte, North Carolina -to acquire LDI Corporation, Cleveland, Ohio, and
engage in equipment leasing and lending activities.
Approved, April 27, 1996.

H .2
A P R I L 22,
PAGE
8

1996

TO

A P R I L 27,

1996

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

BANK HOLDING COMPANIES
Cleveland

Peoples National Bancshares, Inc., New Lexington,
Ohio -- to acquire Peoples National Bank of New
Lexington.
Approved, April 24, 1996.

Cleveland

PNV Bank Corp, Pittsburgh, Pennsylvania -- to acquire
BankVest Capital Corp., Westboro, Massachusetts.
Withdrawn, April 23, 1996.

Dallas

Red River Bancorp, Inc., Gainesville, Texas -request for waiver of application to acquire North
Texas Bank and Trust.
Granted, April 26, 1996.

Boston

Royal Bank of Scotland Group PLC, Edinburgh,
Scotland, The Royal Bank of Scotland PLC, and
Citizens Financial Group, Inc., Providence, Rhode
Island -- notification of intent to acquire First
NH Mortgage Corp., Hooksett, New Hampshire, and
engage in mortgage lending activities.
Permitted, April 26, 1996.

Minneapolis

Straight River Bancshares, Inc., Ellendale, Minnesota
-- to acquire Bank of Ellendale.
Withdrawn, April 24, 1996.

Chicago

Wildcat, Inc., Cedar Rapids, Iowa -- to acquire
Hartford-Carlisle Savings Bank, Carlisle, Iowa.
Approved, April 25, 1996.

BANK MERGERS




Richmond

Bank of Tazewell County, Tazewell, Virginia - - t o
merge with NBI Interim Bank, Blacksburg, Virginia.
Approved, April 24, 1996.

Richmond

Triangle Bank, Raleigh, North Carolina, proposed
purchase of certain assets and assumption of
certain liabilities of the Scotland Neck branch of
Southern Bank and Trust Company, Mount Olive, North
Carolina -- report on competitive factors.
Approved, April 24, 1996.

H .2
A P R I L 22,
PAGE 9

1996

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A P R I L 27,

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 D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

CAPITAL STOCK
Minneapolis

Ashby Bancshares, Inc., Ashby, Minnesota -redemption of shares.
Approved, April 26, 1996.

St. Louis

Magnolia Bancshares, Inc., Hodgenville, Kentucky -redemption of shares.
Approved, April 23, 1996.

St. Louis

Shawnee Bancshares, Inc., Grand Tower, Illinois -redemption of shares.
Approved, April 23, 1996.

CHANGE IN BANK CONTROL
Dallas

American National Bancshares, Inc., Waco, Texas -change in bank control.
Permitted, April 26, 1996.

Dallas

Blumberg Bancunits, L.P., Seguin, Texas -- change in
bank control.
Returned, April 26, 1996.

Dallas

Blumberg Family Partnership, L.P., Seguin, Texas -change in bank control.
Returned, April 26, 1996.

Dallas

Jacksboro National Bancshares, Inc., Jacksboro, Texas
-- change in bank control.
Permitted, April 22, 1996.

St. Louis

Magnolia Bancshares, Inc., Hodgenville, Kentucky -change in bank control.
Permitted, April 23, 1996.

St. Louis

Shawnee Bancshares, Inc., Grand Tower, Illinois -change in bank control.
Permitted, April 23, 1996.

COMPETITIVE FACTORS REPORTS




Minneapolis

American Federal Bank, fsb, East Grand Forks,
Minnesota, proposed merger with Northwestern
Savings Bank, fsb, Fargo, North Dakota -- report on
competitive factors.
Submitted, April 24, 1996.

H .2

A P R I L 22,
P A G E 10

1996

TO

A P R I L 27,

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 D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Chicago

Commerce Bank, National Association, Peoria,
Illinois, proposed merger with Commerce Bank,
Bloomington, Illinois -- report on competitive
factors.
Submitted, April 23, 1996.

San Francisco

Cypress Coast Bank, Seaside, California, proposed
merger with CCB Merger Company, Salinas, California
-- report on competitive factors.
Submitted, April 23, 1996.

Chicago

Farmers State Bank, Keosauqua, Iowa, proposed merger
with State Savings Bank, Cantril, Iowa -- report on
competitive factors.
Submitted, April 23, 1996.

Cleveland

First Commonwealth Bank, Indiana, Pennsylvania,
proposed acquisition of certain assets and
assumption of certain liabilities of the Delmont
branch of The Moxham National Bank, Johnstown,
Pennsylvania -- report on competitive factors.
Submitted, April 22, 1996.

St. Louis

First National Bank of Sharp County, Ash Flat,
Arkansas, proposed purchase of the assets and
assumption of the liabilities of the Melbourne
branch of Mercantile Bank of North Central
Arkansas, N.A., Flippin, Arkansas -- report on
competitive factors.
Submitted, April 23, 1996.

Cleveland

First National Bank of Slippery Rock, Slippery Rock,
Pennsylvania, proposed purchase of certain assets
and assumption of certain liabilities of the
Harrisville office of Mellon Bank, N.A., Greenburg,
Pennsylvania -- report on competitive factors.
Submitted, April 22, 1996.

Cleveland

Franklin Savings and Loan Company, Cincinnati, Ohio,
proposed purchase of a branch of Suburban Federal
Savings Bank -- report on competitive factors.
Submitted, April 22, 1996.

H.2
A P R I L 22,
P A G E 11

1996

TO

A P R I L 27,

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 D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Boston

Hudson Savings Bank, Hudson, Massachusetts, proposed
reorganization into Assabet Valley Bancorp -report on competitive factors.
Submitted, April 26, 1996.

Cleveland

Integra Trust Company, National Association,
Punxsutawney, Pennsylvania, proposed merger with
Integra Bank, Pittsburgh, Pennsylvania -- report on
competitive factors.
Submitted, April 22, 1996.

Chicago

Manteno Bank, Manteno, Illinois, proposed merger with
Bradley Bank, Bradley, Illinois -- report on
competitive factors.
Submitted, April 23, 1996.

Kansas City

Midfirst Bank, F.S.B., Oklahoma City, Oklahoma,
proposed merger with Northwest Bank of Oklahoma
City -- report on competitive factors.
Submitted, April 25, 1996.

Dallas

Midland American Bank, Midland, Texas, proposed
purchase of the assets and assumption of the
liabilities of Stanton National Bank, Stanton,
Texas -- report on competitive factors.
Submitted, April 24, 1996.

Dallas

New Palacios, Inc., Palacios, Texas, proposed merger
with City State Bank of Palacios -- report on
competitive factors.
Submitted, April 26, 1996.

Dallas

New Southwest Bank of Texas, Houston, Texas, proposed
merger with Southwest Bank of Texas, National
Association -- report on competitive factors.
Submitted, April 26, 1996.

San Francisco

Valley Independent Bank, El Centro, California,
proposed acquisition of certain assets and
assumption of certain liabilities of the Calexico
branch of California Commerce Bank, Los Angeles,
California -- report on competitive factors.
Submitted, April 26, 1996.

H.2
A P R I L 22,
P A G E 12

1996

TO

A P R I L 27,

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 D E R A L R E S E R V E B A N K S
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS
San Francisco

Wells Fargo Bank, N.A., San Francisco, California,
proposed merger with First Interstate Banks of
Alaska, Arizona, Idaho, Nevada, New Mexico, Oregon
Utah, and Washington -- report on competitive
factors.
Submitted, April 22, 1996.

EXTENSIONS OF TIME




San Francisco

BankAmerica Corporation, San Francisco, California
extension to divest certain property.
Granted, April 23, 1996.

San Francisco

BankAmerica Corporation, San Francisco, California
extension to divest certain property.
Granted, April 25, 1996.

San Francisco

California Commercial Bancshares, Newport Beach,
California -- extension to divest certain property
Granted, April 22, 1996.

New York

Corporacion Bancaria de Espana, S.A., Madrid, Spain
- extension to August 12, 1996, to engage de novo
in providing investment advice, engaging in
securities brokerage, and acting as agent in the
private placement of securities and as a riskless
principal with respect to all types of securities
through Argentaria International Securities Inc.,
New York, New York.
Granted, April 24, 1996.

Atlanta

First Bancshares, Inc., Hattiesburg, Mississippi -to acquire The First National Bank of Mississippi.
Granted, April 26, 1996.

Kansas City

FirstBank Holding Company of Colorado ESOP, Lakewood
Colorado -- extension to July 29, 1996, to acquire
additional shares of FirstBank Holding Company of
Colorado, Lakewood, Colorado.
Granted, April 22, 1996.

H.2
A P R I L 22,
P A G E 13

1996

TO

A P R I L 27,

1996

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

EXTENSIONS OF TINE
Kansas City

Geneva State Company, Geneva, Nebraska -- extension
to July 31, 1996, to invest in Bicentennial
Apartments, Inc., L.L.C.
Granted, April 26, 1996.

Cleveland

Mellon Bank Corporation, Pittsburgh, Pennsylvania -extension through December 31, 1996, to acquire the
corporate trust business of Key Corp, Cleveland,
Ohio.
Granted, April 25, 1996.

Richmond

Peoples State Bank, Inc., Clarksburg, West Virginia - to become a member of the Federal Reserve System.
Approved, April 24, 1996.

MEMBERSHIP

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 26, 1996.

H. 2
A P R I L 22,
P A G E 14

ADDITIONS AND CORRECTIONS
1996

TO

A P R I L 27,

1996

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

INTERNATIONAL OPERATIONS
Bankers Trust New York Corporation, New York, New
York - - t o make an investment in BT (Pacific)
Limited y Compania Limitada and Tenedora de Valores
del Pacifico, Limitada, both of Santiago, Chile.
Permitted, April 19, 1996.

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

BANK BRANCHES. DOMESTIC
Chicago

Bank One, Peoria, Illinois - - t o 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.

BOARD OPERATIONS
Secretary

System of records -- request for comment on new
system called EEO General Files (Docket R-0920).
Approved, April 8, 1996.

COMPETITIVE FACTORS REPORTS




Atlanta

Colonial Bank, Montgomery, Alabama, proposed merger
with Dothan Federal Savings Bank, Dothan, Alabama - report on competitive factors.
Submitted, April 17, 1996.

Atlanta

First State Bank and Trust Company, Albany, Georgia,
proposed purchase of certain assets and assumption
of certain liabilities of two Albany, Georgia,
branches of First Union National Bank of Georgia,
Atlanta, Georgia -- report on competitive factors.
Submitted, April 17, 1996.

Chicago

Nevada National Bank, Nevada, Iowa, proposed merger
with Security Savings Bank, Williamsburg, and
Valley State Bank, Rock Valley, Iowa -- report on
competitive factors.
Submitted, April 23, 1995.

H.2
A P R I L 22,
P A G E 15

A D D I T I O N S A ND C O R R E C T I O N S
1996

TO

A P R I L 27,

1996

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

COMPETITIVE FACTORS REPORTS




Atlanta

Palm Beach National Bank and Trust Company, North
Palm Beach, Florida, proposed merger with Palm
Beach Interim National Bank and Trust Company -report on competitive factors.
Submitted, April 18, 1996.

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

Application

Comment Period Ending Date
NONE

S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H
NEWSPAPER AND FEDERAL REGISTER NOTICE

Application

Comment Period Ending Date
NONE

S E C T I O N III - A P P L I C A T I O N S S U B J E C T T O
FEDERAL REGISTER NOTICE ONLY

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
FEDERAL REGISTER OR NEWSPAPER NOTICE

Application
NONE

SECTION V

Institution

- A V A I L A B I L I T Y OF C R A P U B L I C E V A L U A T I O N S

Examination Date

Rating**

NONE

♦Subject to CRA.
♦♦Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
Improve; "SN" - Substantial Noncompliance.




"N" - Needs to

FEDERAL RESERVE BANK OF NEW YORK
Comment Period
Ending Date

SECTION I
Applications Subject to Newspaper
________Notice Only________

Chemical Bank, New York, New York, to establish a branch at
CS First Boston Corporation, 11 Madison Avenue, New
York, New York. 1/

05/20/96

United Jersey Bank, Hackensack, New Jersey, to establish
full-service branches at Pathmark Supermarkets in the following
locations: 4100 Park Avenue, Weehawken, New Jersey;
River Road and George Road, Edgewater, New Jersey;
and 2115 69th Street, North Bergen, New Jersey. 1/

05/15/96

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice

Banco Santander, S.A., Madrid, Spain, to acquire 99.248 percent
of the common stock of Banco Central Hispano—
Puerto Rico,
San Juan, Puerto Rico. 1/

SECTION III
Nonbanking Applications
(subject to Federal Register Notice Only cont.l

None.
SECTION IV
Applications Not Involving
Public Comment

None.




05/21/96 2/

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
neighborhoods, in a manner consistent with its resources and capabilities.
W eek E nding A pril 27. 1996
NAME OF BANK

RATING

EXAMINATION DATE

None.
1/ Subject to provisions of Community Reinvestment Act.
2/ Later of dates specified in newspaper and Federal Register notices.
3/ Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
4/ Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available




FEDERAL RESERVE BANK OF PHILADELPHIA

SECTIO N I - A PPLIC A TIO N S REC EIV ED AND SU B JEC T TO N EW SPA PER
N O TIC E ONLY
C oreStates B ank International. Philadelphia, PA to establish a b ran ch in M iam i, Florida,
p u rsu an t to Section 211.4(c) of Regulation K.
N ewspaper comment period expires:

N/Avail

O rrstow n B ank. Shippensburg, PA to establish a branch a limited service facility a t the
Church of God Home, Inc., 801 N. H anover Street, Carlisle, PA, p u rsu an t to Section 9 of the
Federal Reserve Act.
N ew spaper com m ent period expires:

5/07/96

SECTION II - A PPLIC A TIO N S RECEIVED AND SU B JEC T TO B O TH N EW SPAPER
AND FEDERAL R E G ISTER N O TICE
NONE
SECTIO N m - A PPLICA TIO N S RECEIVED AND SU B JEC T TO FED ERA L
R E G ISTER N O TIC E ONLY
NONE
SECTION IV - A PPLICA TIO N S RECEIVED AND NOT SU B JEC T TO FEDERAL
R EG ISTER NOTICE O R N EW SPAPER




NONE

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 26, 1996.
Identification of R atings
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 m eeting com m unity credit needs.
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping
to meet the credit needs 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 com m unity credit needs.
An institution in this group has a satisfactory record o f ascertaining and helping to meet the credit
needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Needs to im prove record of m eeting com m unity 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 noncom pliance in m eeting com m unity 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.
Bank/Location

Examination Date

CRA Rating

Farmers Trust
817 Cumberland Street
Lebanon, PA 17042-0478

10/10/95

Satisfactory




F ed er a l R eserv e B ank
of C leveland
P. 0. BOX 6387
CLEVELAND. OHIO 44101-1387

A PPLICA TIO N S BU LLETIN
(For th e week ending A pril 27, 1996)
SECTIO N I - A PPLICA TIO N S SU BJECT TO N EW SPA PER N O T IC E ONLY
Received application from Wesbanco Bank Bamesville, Bamesville,
Ohio, on April 24, 1996, of its intent to establish a branch facility
at M all Road, St. Clairsville, Ohio.
SEC TIO N

n - A PPLICA TIO N S

*April 16, 1996

SU BJECT TO BO TH N EW SPA PER AND FED ER A L
R E G IST E R N O TIC E

Received Section 3(a)(3) application from Security Banc Corporation,
Springfield, Ohio, on April 19, 1996, to acquire CitNat Bancorp, Inc.,
Urbana, Ohio.
Received Section 3 application from KeyCorp, Cleveland, Ohio, and
Key Bancorp of New Hampshire, Inc., Albany, New York, on
April 26, 1996, to acquire Key Bank, Bedford, New Hampshire
(a de novo institution).

* Not Yet Known #

* N: May 28, 1996

SECTIO N m - A PPLICA TIO N S SU BJECT TO FED ER A L R E G IS T E R N O T IC E ONLY
NONE
SECTIO N TV - A PPLIC A TIO N S N O T SU BJECT TO FED ER A L R E G IS T E R N O T IC E
O R N EW SPAPER N O TIC E
NONE

* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to End 30 Days from Date o f Receipt




A V A ILA BILITY O F CRA PU BLIC EVALUATIONS
(April 26, 1996)

The following state member banks have been examined by the Federal Reserve Bank o f
Cleveland for compliance with The Community Reinvestment Act. A public evaluation
document became available from the bank(s) listed below during the week ended April 26, 1996.
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:
OUTSTA N D IN G : 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.
SA TISFA CTO RY : 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 C O M PLIA N C E: a bank in this group has a substantially
deficient 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.
NONE




Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application

Comment Period Ending Date

Signet Bank, Richmond, Virginia, to establish
a branch at 555 Quince Orchard Road, Suite 110,
Gaithersburg, Maryland.*

5-18-96

Centura Bank, Rocky Mount, North Carolina,
to assume the deposits and deposit related
loans of three branches of Essex Savings Bank,
F.S.B., Virginia Beach, Virginia, located in
the cities of Greensboro, Raleigh, and Wilmington,
North Carolina.*

5-20-96

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period Ending Date

Application
Community Bankshares Incorporated, Petersburg,
Virginia, to acquire 100% of the voting shares
of Commerce Bank of Virginia, Richmond, Virgi
inia.*

5-23-96**

FNB Corporation, Christiansburg, Virginia, to
become a bank holding company through the
acquisition of 100% of the voting shares of
The First National Bank of Christiansburg,
Christiansburg, Virginia.*

5-25-96**

First National Corporation, Orangeburg, South
Carolina, to acquire 100% of the voting shares
of National Bank of York County, Rock Hill, South
Carolina, a de novo bank.*

5-28-96**

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

None.

Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.

*Application is subject to CRA requirements.
**Expiration of comment period specified in the Federal Register.




Federal Reserve Bank of Richmond
Section V - Availability of CRA Public Evaluations
Week ending April 26, 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
Commercial and Farmers Bank
8593 Baltimore National Parkway
Ellicott City, Maryland 21043




1-22-96

Rating

Satisfactory

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending April 26, 1996
Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

Compass Bank
Not yet available*
Jacksonville, Florida
To merge with Community First Bank, Jacksonville, Florida, pursuant to Section
18(c) of the Federal Deposit Insurance Act.
Compass Bank
Not yet available*
Jacksonville, Florida
To acquire certain assets and assume certain liabilities of Community First Bank,
Jacksonville, Florida, pursuant to Section 5(d)(3) of the Federal Deposit
Insurance Act, as amended by the Federal Deposit Insurance Corporation
Improvement Act of 1991.
Key Florida Bancorp, Inc.
Bradenton, Florida
1-BHC formation, Liberty National Bank, Bradenton, Florida.

05-04-96*
Newspaper

Independent Bancshares, Inc.
Not yet available*
Powder Springs, Georgia
Notice for 1-BHC formation, Independent Bank & Trust Company, Powder Springs,
Georgia.
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Magnolia Midlands Bankshares, Inc.
Eastman, Georgia
1-BHC formation, Bank of Eastman, Eastman, Georgia.

Comment Period Ending Date
Not yet available*

Brookwood Group, L.P.
Not yet available*
Columbia, Tennessee
1-BHC formation, The Middle Tennessee Bank, Columbia, Tennessee.
Section 3 - Applications Subject to Federal Register Only
Application

Comment Period Ending Date

Bradley County Financial Corporation
05-06-96
Cleveland, Tennessee
Through Tennessee Financial Services, Inc., Cleveland, Tennessee, to engage
de novo in consumer finance and insurance agency activities, pursuant to Sections
225.25(b) (1) (i) , 225.25 (b) (8) (i) and 225.25 (b) (8) (ii) of Regulation Y and Section
4(c)(8) of the Bank Holding Company Act.

Subject to provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending April 26. 1996
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Compass Bancshares, Inc.
Birmingham, Alabama
Request for waiver of the application requirement of Section 3 (a) (5) of the Bank
Holding Company Act to merge with CFB Bancorp, Inc., Jacksonville, Florida, and
thereby directly acquire Community First Bank, Jacksonville, Florida.
CNB, Inc.
Lake City, Florida
Request for waiver of the application requirement of Section 3(a) (5) of the Bank
Holding Company Act to merge with Riherd Bank Holding Company, Lake Butler,
Florida, and thereby directly acquire Farmers and Dealers Bank, Lake Butler,
Florida.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending April 26, 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.
Examination
Date

Bank

CRA Rating

Peoples Savings Bank
Post Office Box 269
Clanton, Alabama 35045
(205)755-2240

Satisfactory

01-16-96

First Independence Bank of Florida
Post Office Box 08009
Fort Myers, Florida 33908
(205)466-7500

Satisfactory

01-16-96




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending April 26, 1996
Recently Approved Applications

Approval Date

Compass Bancshares, Inc.
04-25-96
Birmingham, Alabama
Along with Compass Banks of Texas, Inc., Birmingham, Alabama and Compass
Bancorporation of Texas, Inc., Wilmington, Delaware, to merge with Royall
Financial Corporation, Palestine, Texas, and thereby directly acquire The Royall
National Bank of Palestine, Palestine, Texas, pursuant to Section 3(a) (5) of the
Bank Holding Company A c t .
SunTrust Bank, Gulf Coast
04-23-96
Sarasota, Florida
To establish a branch located at 2424 Manatee Avenue West, Bradenton, Florida,
to be known as the Manatee Avenue West Branch.
SunTrust Bank, Gulf Coast
04-23-96
Sarasota, Florida
To establish a branch located near the intersection of Bee Ridge Road and
Cattleman Road, Sarasota, Florida, to be known as the Bee Ridge Branch.
Deposit Guaranty Corp.
04-24-96
Jackson, Mississippi
Request for waiver of the application requirement of Section 3 (a) (5) of the Bank
Holding Company Act to merge with Bank of Gonzales Holding Company, Inc.,
Gonzales, Louisiana, and thereby directly acquire Bank of Gonzales, Gonzales,
Louisiana.




Federal Reserve Bank o f Chicago

Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date

Type

Application

Branch

Midwest Guaranty Bank
Troy, Michigan
4140 W. Maple Road
Bloomfield Township, Michigan

NP - 4-29-96

Merger/Branch

Baylake Bank
Sturgeon Bay, Wisconsin
to acquire the assets and liabilities of The Bank,
Manawa, Wisconsin, & establish a branch at
431 S. Bridge Street, Manawa, Wisconsin
and at King, Wisconsin

NP - **

Branch

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

Merger/Branch

Harris Trust and Savings Bank
Chicago, Ilinois
to acquire certain assets & liabilities of Household
Bank, F.S.B., Prospect Heights, Illinois, & thereby
to establish 64 branches

jqp - **

Y-l Notice

First Northwest Bancorp, Inc.*
Arlington Heights, Illinois
First Northwest Bank
Arlington Heights, Illinois

NP - 5-1-96

NP - Newspaper
FR - Federal Register
* - Subject to Provisions of Community Reinvestment Act
** - Not available at this time




Federal Reserve Bank o f Chicago

Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Com m ent Period
Ending Date

Type

Application

Y-l

CBR Holdings, Inc.*
Winnetka, Illinois
Community Bank of Ravenswood
Chicago, Illinois (in organization)

FR - 4-25-96
NP - 4-22-96

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 - 5-1-96

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 - 5-1-96

Y-l

Figge Bancshares, Inc.*
Davenport, Iowa
Ossian State Bank
Ossian, Iowa
Iowa State Bank
Cal mar, 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

Type

Application

Y-2

Associated Banc-Shares, Inc.*
Madison, Wisconsin
F&M Bankshares of Reedsburg, Inc.
Reedsburg, Wisconsin
Farmers & 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
NP - 5-6-96

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




^jp _ * *

Federal Reserve Bank o f Ch icago

Section II - Applications Subject to Both Newspaper and Federal
Register Notice Cont’d
Com m ent 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
Hartford-Carlisle Savings Bank
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 o f Chicago

Section II - Applications Subject to Both Newspaper and Federal
Register Notice Cont’d
Comment Period
Ending Date

Type

Application

Y-2

Northland Insurance Agency, Inc.*
Chicago, Illinois
Grand Premier Financial, Inc.
Wauconda, Illinois
Northern Illinois Financial Corporation
Wauconda, Illinois
Grand National Bank
Wauconda, Illinois
Premier Financial Services, Inc.
Freeport, Illinois
First Bank North
Freeport, Illinois
First Bank South
Dixon, Illinois
Premier Acquisition Company
Freeport, Illinois
First National Bank of Northbrook
Northbrook, Illinois
First Security Bank of Cary-Grove
Cary, Illinois

FR - 5-6-96
NP - 4-29-96

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 - 4-29-96







Federal Reserve Bank o f C hicago

Section II r Applications Subject to Both Newspaper and Federal
Register Notice Cont’d

Application

Com m ent Period
Ending Date

Thomson Investment Company, Inc.*
Savanna, Illinois
Savanna Bancorp, Inc.
Savanna, Illinois
Savanna State Bank
Savanna, Illinois
Gateway State Bank
Clinton, Iowa

FR - 5-12-96
NP - **

Horizon Bancorp Employee Stock Ownership*
Michigan City, Indiana
Horizon Bancorp
Michigan City, Indiana
First Citizens Bank, N.A.
Michigan City, Indiana

FR - 5-17-96
NP - **

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 - 4-29-96

Federal Reserve Bank o f Chicago

Section II - Applications Subject to Both Newspaper and Federal
Register Notice Cont'd
Com m ent Period
Ending Date

T ype

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
Trim pe’s Inc.
Lisbon, Iowa
Alliance Bancorporation
Lisbon, Iowa
Lisbon Bank and Trust Company
Lisbon, Iowa

FR - 5-10-96
NP - 5-5-96

Y-2

Goodenow Bancorporation, Inc.*
Okoboji, Iowa
Jackson Bancorporation, Inc.
Fairmont, Wisconsin
Bank Midwest, Minnesota, Iowa, N.A.
Fairmont, Minnesota

FR - 5-23-96
NP - **

Y-2

ABN AMRO Bank N.V.*
Amsterdam, The Netherlands
Comerica Bank - Illinois
Franklin Park, Illinois

FR - 5-23-96
NP - **

Y-2

ABN AMRO Holding N.V.*
Amsterdam, The Netherlands
Comerica Bank - Illinois
Franklin Park, Illinois

FR - 5-23-96
NP - **




Federal Reserve Bank o f Chicago

Section II - Applications Subject to Both Newspaper and Federal
Register Notice Cont’d
Com m ent Period
Ending Date

Type

Application

Y-2

ABN AMRO North America, Inc.*
Chicago, Illinois
Comerica Bank - Illinois
Franklin Park, Illinois

FR - 5-23-96

Stichting Administratiekantoor ABN AMRO Holding*
Amsterdam, The Netherlands
Comerica Bank, Illinois
Franklin Park, Illinois

FR - 5-23-96

Stichting Prioriteit ABN AMRO Holding*
Amsterdam, The Netherlands
Comerica Bank - Illinois
Franklin Park, Illinois

FR - 5-23-96

Vogel Baiicshares, Inc.
Orange City, Iowa
Ireton Bancorp
Ireton, Iowa
Security Savings Bank

FR - 5-25-96
Np - **

Y-2

Y-2

Y-2




j j - **
sp

jj _ **
sp

NP - **

Federal Reserve Bank o f C hicago

Section III - Applications Subject to Federal Register
Notice Only

Com m ent 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 o f Chicago

Section III - Applications Subject to Federal Register
Notice Only Con’td

Type

Application

4(c)(8)

Anita Bancorporation
Newton, Iowa
engage in making & servicing loans




Comment Period
Ending Date

NP _ **

Federal Reserve Bank o f Chicago

Section IV - Applications Not Subject to Federal Register or Newspaper Notice

Type

Application

ROS

Northern Bankshares, Inc.
McFarland, Wisconsin
McFarland State Bank
McFarland, Wisconsin
to redeem 356 shares of stock




Federal Reserve Bank o f C h icago
Section V - A v aila b ility o f C R A P u blic Evaluations

The following state member banks have been examined by the Federal Reserve Bank o f 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 26, 1996. If you are interested in obtaining a copy of the
evaluation document, please contact the bank(s) directly.
Identification o f Ratines
O -

An institution in this group has an outstanding record of, and is a leader in, ascertaining and
helping to meet the credit needs o f 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 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.

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
The Blissfield State Bank
204 East Jefferson
Blissfield, Michigan 49228-1324
(517) 486=2151




EXAMINATION DATE

1/02/96

RATINGS

S

Federal Reserve B an k o f St. L o u is

FOR THE WEEK ENDING APRIL 26, 1996
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application

End of Comment Period

None.

n

SECTION
- APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE

Application

End of Comment Period

* Section 3(a)(1) application by Heartland Bancshares,
Inc., Herrin, Illinois, to acquire Heartland National
Bank, Herrin, Illinois.

Newspaper: 5-28-96

* Section 3(a)(5) application by Boatmen’s Bancshares,
Inc., St. Louis, Missouri, to acquire Canadian
Bancshares, Inc., Canadian, Texas.

Newspaper: 5-25-96

* Section 3(a)(3) application by Chester County
Bancshares, Inc., Henderson, Tennessee, to acquire
Southwest Tennessee Bancshares, Inc., Adamsville,
Tennessee.

Newspaper: 5-27-96

APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE

Application

End of Comment Period

None.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

Application

End of Comment Period

Section 5(b) Bank Service Corporation Act application
by Boatmen’s Bancshares, Inc., St. Louis, Missouri, and
its two recently acquired subsidiary banks, to organize/
invest in a bank service corporation, BBI Merchant
Processing Company, L .L .C ., St. Louis, Missouri.

N/A

Section 9 membership application by The Farmers and
Merchants Bank, Stuttgart, Arkansas.*

N/A

* This application/notification subject to CRA.




FED ER A L R ESER V E BANK O F ST. LO U IS
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 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 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 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 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.

FOR THE WEEK ENDING April 26, 1996

Name of Bank
None




Bank Address

Examination
Date

Examination
Rating

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 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
Inter-Mountain Bancorp, Inc., Bozeman, Montana,
for prior approval to acquire 100% of the voting
shares of the First Security Bank of Belgrade,
Belgrade, Montana, a de novo bank.*

Not yet available

*Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section in - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Application
Norwest Corporation, Minneapolis, Minnesota,
and Norwest Financial Services, Inc., Des Moines,
Iowa, to engage in the activity of operating a
collection agency through the acquisition of
Aman Collection Service, Inc., Aberdeen, South
Dakota.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
NONE.




May 16, 1996

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week aiding April 26,1996
ASSIGNMENT OF RATING
Identification of Ratines
In connection with the assessment of each insured depository institution’s CRA performance, a rating
is assigned from the following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of, and is a leader in, ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall record of ascertaining and helping to
meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient record of ascertaining and helping to
meet the credit needs of its entire delineated community, including low-and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
BANRIS’ EXAMINED
)

DATE OF EXAMINATION

CRA RATING

Stockmens Bank
P.O. Box 345
Cascade, Montana 59421-0345
(406)468-2232

01/08/96

Satisfactory

Clinton State Bank
P.O. Box 360
Clinton, Minnesota 56255-0360
(612)325-5401

01/02/96

Outstanding




Federal Reserve Bank of Kansas City

SECTION T - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

The Peoples Bank, Pratt, Kansas, for prior approval to
establish a branch at 1107 N. Kansas Street, Liberal,
Kansas.

Not Available

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

COMMENT PERIOD ENDING DATE

First National of Nebraska, Inc., and First National of
Colorado, Inc., both of Omaha, Nebraska, for prior
approval to acquire Bolder Bancorporation, Boulder,
Colorado, and First National of Colorado to merge
with Bolder Bancorporation.*

May 23, 1996

Ken Bass, McAlester, Oklahoma, to acquire 10
percent; Gary Fugitt, McAlester, Oklahoma, to
acquire 50 percent; and Jerry Fugitt, McAlester,
Oklahoma, to acquire 40 percent of the voting shares
of W ilburton State Bancshares, Inc., W ilburton,
Oklahoma.

Not Available

Lindoe, Inc., Ordway, Colorado, for prior approval to
acquire 10 percent of the voting shares of Pueblo
Bancorporation, Pueblo, Colorado.*

Not Available

SECTION n i - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

None.
SECTION TV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
O R N EW SPA PER N O TIC E
APPLICATION
None.




Federal Reserve Bank of Kansas City

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

Poteau State Bank
P.O. Box 769
Poteau, Oklahoma 74953-0769

01/22/96

04/22/96

Outstanding

First Bank of Turley
P.O . Box 6538
Tulsa, Oklahoma 74156-0538

01/22/96

04/22/96

Satisfactory

Riverton State Bank
P.O. Drawer BE
Riverton, Wyoming 82501-1230

01/22/96

04/23/96

Satisfactory




CRA
Rating

Federal Reserve Bank of Kansas City

Heritage Bank of Olathe
P.O. Box 400-343
Olathe, Kansas 66051*

*Application is subject to CRA.




01/22/96

04/23/96

Satisfactory

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF APRIL 22, 1996
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)(3) application by
Texas Financial Bancorporation, Inc., Minneapolis, MN,
to acquire Community Bank of Arizona, Wickenburg, AZ, and
Riverside National Bank, Grand Prairie, TX

N/A

♦Section 3(a)(3) application by
First Bancorp, Inc., Denton, TX, to acquire Riverside
National Bank, Grand Prairie, TX

N/A

♦Section 3(a)(3) application by
First Delaware Bancorp, Inc., Dover, DE, to acquire
Riverside National Bank, Grand Prairie, TX

N/A

Change in Control Notice by
Donald R. Grobowsky, Temple, TX, to acquire an interest
in Central Community Corporation, Temple, TX

N/A

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
NOTICE ONLY
APPLICATION

None.




NOTICE EXP

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL RE6ISTER 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 22. 1996

Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.

Bank

None.




Date of
Examination

CRA Rating

FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 4/26/96
Section I - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

Bank of Coronado. Coronado. California, to establish Newspaper:
an automated teller machine at 505 Grand Caribe Isle,
Coronado, California. *

5/03/96

Monarch Bank. Laauna Niauel. California, to establish Newspaper:
a branch office at 401 Glenneyre, Laguna Beach,
California. *

5/25/96

Section II - Applications Subject to Both
Newspaper and Federal Reaister Notice

Newspaper:

5/11/96

Fed. Rea.:

5/16/96

West Coast Bancorp, Lake Oswego, Oregon, to acquire
19.9 percent of Vancouver Bancorp, Vancouver,
Washington. *

Newspaper:

5/11/96

Fed. Req.:

5/16/96

Columbia Bancorp, The Dalles, Oregon, to acquire
100 percent of Klickitat Valley Bank, Goldendale,
Washington. *

Newspaper:

Not available

Fed. Req.:

5/23/96

Columbia Bancorp, The Dalles, Oregon, to acquire
an option to purcahse 9.9 percent of Klickitat
Valley Bank, Goldendale, Washington. *

Newspaper:

Not available

Fed. Req.:

5/23/96

Refiled: California Community LLC, Los Angeles,
California, to become a bank holding company by
acquiring up to 83.3 percent of First Coastal
Bank, N.A., El Segundo, California. *

Newspaper:

4/22/96

Fed. Req.:

Not available

West Coast Bancorp, Lake Oswego, Oregon, to merge
with Vancouver Bancorp, Vancouver, Washington. *

Section III -Applications Subject to Federal Register Only
None

* Subject to CRA.




FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 4/26/96
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice (Cont’d.)
American Pacific State Bank, Sherman Oaks, California, to repurchase up to 5 percent
of its outstanding common stock.
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during this
week.
Information about a particular institution’s CRA evaluation may be obtained
directly from the institution.
Institution

Location

Examination Date

Rating*

None

*Under the rating system an institution’s CRA performance is assigned one of the
following four ratings:

Outstanding record of meeting community credit needs:

An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

Satisfactory record of meeting community credit needs:

An institution has a
satisfactory record of ascertaining and meeting the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

Needs to Improve record of meeting community credit needs:

An institution needs to
improve its overall record of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- to moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

Substantial Noncompliance in meeting community credit needs:

An institution has a
substantially deficient record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- to moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.

The above listing has been prepared as a courtesy by the Federal Reserve Bank of San
Francisco, and is not intended to replace formal notices required by statute or
regulation; the Reserve Bank assumes no responsibility for errors or omissions.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102