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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H.2, 1997, No. 14
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending April 5, 1997

ACTIONS TAKEN ST TNI BOAXD OF GOVERNORS

BANKS. FOREIGN
Royal Bank of Canada, Montreal, Canada - - t o
establish a representative office in Houston,
Texas.
Approved, March 31, 1997.
ENFORCEMENT
Banco Ganadero, S.A., Bogota, Colombia (Miami Agency)
-- order of prohibition against Juan Echeverri, a
former vice president and institution-affiliated
party of the Miami agency of Banco Ganadero.
Announced, April 9, 1997.
United Security Bancorporation, Lincoln, Nebraska
issuance of a cease and desist order against
United, Harold S. Myers, and David C. Myers, both
officers and directors of United.
Announced, April 4, 1997.

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
Secretary

AmSouth Bank of Alabama, Birmingham, Alabama -- to
establish a branch at 150 Ana Drive, Florence,
Alabama.
Approved, April 4, 1997.

Atlanta

AmSouth Bank of Florida, Tampa, Florida - - t o
establish a branch at 10109 West Hillsborough
Avenue.
Approved, April 3, 1997.

Atlanta

AmSouth Bank of Florida, Tampa, Florida - - t o
establish a branch at 6297 Waters Avenue.
Approved, April 3, 1997.

Atlanta

Auburnbank, Auburn, Alabama - - t o establish a branch
at 1617 South College Street.
Approved, April 3, 1997.




H.2
M A R C H 31,
PAGE
2

1997

TO

A P R I L 9,

1997

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

BANK BRANCHES. DOMESTIC




Richmond

Bank of Floyd, Floyd, Virginia - - t o establish a
branch at the intersection of U.S. Route 221 and
Conners Grove, Willis, Virginia.
Approved, April 4, 1997.

Cleveland

Commercial and Savings Bank, Millersburg, Ohio - - t o
establish a branch at the southwest corner of the
intersection of South and Prospect Streets, Shreve
Ohio.
Approved, April 4, 1997.

Philadelphia

Dauphin Deposit Bank and Trust Company, Harrisburg,
Pennsylvania - - t o establish a branch at the
Shrewsbury Walmart, intersection of Routes 83 and
851, Shrewsbury, Pennsylvania.
Approved, April A, 1997.

San Francisco

First Security Bank of Nevada, Las Vegas, Nevada -to establish a branch in the Trails Village Center
at the northwest corner of Trailwood Drive and
Village Center Drive.
Approved, April 3, 1997.

Richmond

Peoples Community Bank, Montross, Virginia - - t o
establish a branch at the intersection of Route 3
and State Route 607 (Cool Springs Road),
Fredericksburg, Virginia.
Approved, April 1, 1997.

Dallas

Security Bank of Arlington, Arlington, Texas - - t o
establish a branch at 6300 Precinct Line Road,
Hurst, Texas.
Approved, March 31, 1997.

H.2
M A R C H 31,
PAGE
3

1997

TO

A P R I L 4,

1997

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

BANK BRANCHES. DOMESTIC
New York

Summit Bank, Hackensack, New Jersey - - t o establish
branches at Pathmark Supermarkets, Randolph and
Ackerman, Clifton; 2200 Maple Avenue, Fairlawn; 517
Route 72, Manahawkin; 1933 Highway 35, Wall; 3020
Highway 35, Hazlet; 242 Lincoln Boulevard,
Middlesex; 6301 Hadley Road, South Plainfield;
Route 22 and Springfield Road, Union; 1556 North
Olden Avenue, Trenton; Route 1 and Emmons Drive,
West Windsor; and 50 Racetrack Road, East
Brunswick, New Jersey.
Approved, April 4, 1997.

BANK HOLDING COMPANIES




Atlanta

AmSouth Bank of Florida, Tampa, Florida -- to
establish a branch at 2405 Thomas Drive, Panama
City, Florida.
Approved, April 3, 1997.

Secretary

Barnett Banks, Inc., Jacksonville, Florida, Crestar
Financial Corporation, Richmond, Virginia, First
Union Corporation, Charlotte, North Carolina,
NationsBank Corporation; Southern National
Corporation, Winston-Salem, North Carolina, and
Wachovia Corporation - - t o acquire shares of Card
Alert Services, Inc., Arlington, Virginia, and
engage in data processing activities.
Approved, April 3, 1997.

Atlanta

Colonial BancGroup, Inc., Montgomery, Alabama -- to
merge with Fort Brooke Bancorporation, Brandon,
Florida, and acquire Fort Brooke Bank.
Approved, April 4, 1997.

Kansas City

Commerce Bancshares, Inc., Kansas City, Missouri, and
CBI-Kansas - - t o acquire Shawnee Bank Shares, Inc.,
Shawnee, Kansas.
Approved, March 31, 1997.

Kansas City

Community Bankshares, Inc., Denver, Colorado -- to
acquire First Western Bancorporation, La Jara,
Colorado.
Approved, April 3, 1997.

H.2
MARCH 31, 1997
PAGE H

TO

APRIL 4, 1997

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

BANK HOLDING COMPANIES




St. Louis

Community Financial Corp., Olney, Illinois -- to
acquire American Bancshares, Inc., Highland,
Illinois, and American Bank of Illinois, in
Highland.
Approved, March 31, 1997.

St. Louis

First Commercial Corporation, Little Rock, Arkansas * to acquire Southwest Bancshares, Inc., Jonesboro,
Arkansas.
Approved, March 31, 1997.

Richmond

Four Oaks Fincorp, Inc., Four Oaks, North Carolina -to acquire Four Oaks Bank & Trust Company.
Approved, April 2, 1997.

St. Louis

FSB Bancshares, Inc., Lanesville, Indiana -- to
acquire Farmers State Bank.
Approved, April 3, 1997.

San Francisco

Harbor Bancorp, Inc., Aberdeen, Washington -- to
acquire Bank of Grays Harbor.
Approved, April 3, 1997.

St. Louis

Illinois Community Bancorp, Inc., Effingham, Illinois
-- to engage in leasing activities through Illinois
Leas ing Corporat ion, Inc.
Permitted, April 4, 1997.

St. Louis

Illinois Community Bancorp, Inc., Effingham, Illinois
- - t o become a bank holding company following
conversion of Illinois Guaranty Savings Bank, FSB
to a state-chartered nonmember bank, Illinois
Community Bank.
Approved, April 4, 1997.

Cleveland

Mellon Bank Corporation, Pittsburgh, Pennsylvania -to establish Mellon Trust of Florida, National
Association, North Miami Beach, Florida, and engage
in trust activities through the acquisition of Ganz
Capital Management, Inc.
Permitted, April 2, 1997.

H.2
M A R C H 31,
PAGE
5

1997

TO

A P R I L 4,

1997

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

BANK HOLDING COMPANIES
Minneapolis

Minnwest Corporation, Minnetonka, Minnesota -- to
acquire Minnwest Investment and Insurance Center,
Inc., Montevideo, Minnesota.
Withdrawn, April 2, 1997.

St. Louis

Pocahontas Bankstock, Inc., Pocahontas, Arkansas -to acquire SecurAmerica Holding Corporation,
Memphis, Tennessee, and engage de novo in lending
activities.
Permitted, April 3, 1997.

St. Louis

Southeast Arkansas Bank Corporation, Lake Village,
Arkansas - - t o acquire Jefferson County Bank of
Fayette, Fayette, Mississippi.
Approved, April 4, 1997.

Atlanta

Southwest Georgia Financial Corporation, Moultrie,
Georgia - - t o acquire Empire Financial Services,
and engage in commercial mortgage loans.
Permitted, March 31, 1997.

Secretary

U.S. Bancorp, Portland, Oregon - - t o acquire Business
& Professional Bank, Woodland, California.
Approved, April 2, 1997.

Atlanta

United Community Banks, Inc., Blairsville, Georgia -to retain United Family Finance Co., Blue Ridge,
and continue to engage in lending activities.
Permitted, April 1, 1997.

BANK MERGERS




Atlanta

Republic Security Bank, West Palm Beach, Florida -to merge with Family Bank. Hallandale, Florida.
Approved, April 2, 1997.

Secretary

U.S. Bank of Utah, Salt Lake City, Utah - - t o merge
with Sun Capital Bank, St. George, Utah, and
establish branches.
Approved, April 3, 1997.

H.2
MARCH 31, 1997
PAGE 6

TO

APRIL A, 1997

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

CAPITAL STOCK
Kansas City

Elsie, Inc., Elsie, Nebraska -- redemption of shares.
Approved, April * , 1997.
4

CHANGE IN BANK CONTROL
Dallas

Amarillo Western Bancshares, Inc., Amarillo, Texas -change in bank control.
Permitted, April 1, 1997.

Kansas City

Elsie, Inc., Elsie, Nebraska -- change in bank
control.
Permitted, April A, 1997.

Atlanta

Fidelity National Corporation, Atlanta, Georgia -change in bank control.
Withdrawn, April * , 1997.
4

Kansas City

First State Bancorp, Inc., Pittsburg, Kansas -change in bank control.
Permitted, April * , 1997.
4

Chicago

Fontanelle Bancorporation, Fontanelle, Iowa -- change
in bank control.
Returned, April 1, 1997.

San Francisco

Greater Pacific Bancshares, Whittier, California -change in bank control.
Permitted, April 1, 1997.

Minneapolis

Harbourside, LP, Wayzata, Minnesota -- change in bank
control.
Permitted, March 31, 1997.

Dallas

Texas State Bancshares, Inc., Harper Heights, Texas - change in bank control.
Permitted, March 31, 1997.

COMPETITIVE FACTORS REPORTS




Secretary

B & P Acquisition Corp., Portland, Oregon, proposed
merger with Business & Professional Bank, Woodland,
California -- report on competitive factors.
Submitted, April 2, 1997.

H .2
M A R C H 31,
PAGE
7

1997

TO

A P R I L 4,

1997

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

COMPETITIVE FACTORS REPORTS




S t . Louis

Bank of Jackson, Jackson, Tennessee, proposed
purchase of certain assets and assumption of
certain liabilities of the Jackson branch of
Security Bank, Newbern, Tennessee -- report on
competitive factors.
Submitted, April 2, 1997.

Richmond

Cabarrus Bank of North Carolina, Concord, North
Carolina, proposed purchase of certain assets and
assumption of certain liabilities of the
Kannapolis, North Carolina, branch of Wachovia Bank
of North Carolina, N.A., Winston-Salem, North
Carolina -- report on competitive factors.
Submitted, March 31, 1997.

Philadelphia

Century Savings Bank, Bridgeton, New Jersey, proposed
merger with Century Interim Savings Bank -- report
on competitive factors.
Submitted, April 2, 1997.

St. Louis

Citizens Community Bank, Mascoutah, Illinois,
proposed merger with Citizens Interim Bank -report on competitive factors.
Submitted, April 2, 1997.

New York

Community Bank, N.A., Canton, New York, proposed
purchase of certain assets and assumption of
certain liabilities of eight branches of Keybank
National Association (New York), Albany, New York - report on competitive factors.
Submitted, April 3, 1997.

Atlanta

Deposit Guaranty National Bank, Jacksonville,
Mississippi, proposed acquisition of Commercial
National Bank, Shreveport, Louisiana, Merchants
National Bank of Fort Smith, Fort Smith, Arkansas,
and Deposit Guaranty National Bank, Hammond,
Louisiana -- report on competitive factors.
Submitted, April 2, 1997.

H.2
M A R C H 31,
PAGE
8

1997

TO

A P R I L H,

1997

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

COMPETITIVE FACTORS REPORTS




Minneapolis

First Bank, fsb, Fargo, North Dakota, proposed
purchase of the assets and assumption of the
liabilities of various branches by 18 Interim
National Banks in Iowa of First Bank -- report on
competitive factors.
Submitted, April 3, 1997.

Minneapolis

First Bank National Association, Minneapolis,
Minnesota, proposed purchase of the assets and
assumption of the liabilities of the Moorhead
branch of First Bank, fsb, Fargo, North Dakota -report on competitive factors.
Submitted, April 3, 1997.

Minneapolis

First Bank National Association, Minneapolis,
Minnesota, proposed acquisition of the assets and
assumption of the liabilities of regional banks in
Colorado, Illinois, Iowa, Minnesota, Nebraska,
South Dakota, Wisconsin, and Wyoming -- report on
competitive factors.
Submitted, April 3, 1997.

Minneapolis

First Bank National Association, Minneapolis,
Minnesota, proposed merger with First Bank, fsb,
Fargo, North Dakota -- report on competitive
factors.
Submitted, April 3, 1997.

San Francisco

First Coastal Bank, National Association, El Segundo,
California, proposed merger with First Coastal
Interim Bank, National Association -- report on
competitive factors.
Submitted, March 31, 1997.

San Francisco

First Coastal Bank, National Association, El Segundo,
California, proposed merger with Marina Bank,
Marina Del Rey, California -- report on competitive
factors.
Submitted, March 31, 1997.

H.2
M A R C H 31,
P AGE
9

1997

TO

A P R I L A,

1997

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

COMPETITIVE FACTORS REPORTS




San Francisco

First Federal Savings and Loan Association, Klamath
Falls, Oregon, proposed acquisition of the assets
and assumption of the liabilities of 25 branches of
Oregon of Wells Fargo Bank, N.A., San Francisco,
California -- report on competitive factors.
Submitted, April 2, 1997.

San Francisco

Mercantile Bank, Sacramento, California, proposed
merger with Sierrawest Bank, Truckee, California -report on competitive factors.
Submitted, April 2, 1997.

St. Louis

National City Bank of Evansville, Evansville,
Indiana, proposed merger with Farmers and Merchants
State Bank, Fort Branch, Indiana -- report on
competitive factors.
Submitted, April 3, 1997.

St. Louis

National City Bank of Evansville, Evansville,
Indiana, proposed purchase of certain assets and
assumption of certain liabilities of the Princeton
branch of United Federal Savings Bank, Vincennes,
Indiana -- report on-competitive factors.
Submitted, April 3, 1997.

Dallas

Norwest Bank Texas, South Central, Victoria, Texas,
proposed merger with Norwest Bank Texas, Bay City,
N.A., Bay City, Texas -- report on competitive
factors.
Submitted, April 1, 1997.

San Francisco

Sentinel Community Bank, Sonora, California, proposed
acquisition of the Twain Harte, California, branch
of Valliwide Bank, Fresno, California -- report on
competitive factors.
Submitted, April 3, 1997.

Atlanta

Totalbank, Miami, Florida, proposed acquisition of
the assets and assumption of the liabilities of
Universal National Bank -- report on competitive
factors.
Submitted, April 3, 1997.

H. 2
M A R C H 31,
P A G E 10

1997

TO

A P R I L 4,

1997

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

COMPETITIVE FACTORS REPORTS
San Francisco

U.S. Community Savings Bank, FSB, Encinitas,
California, proposed merger with Los Padres Savings
Bank, FSB, Solvang, California -- report on
competitive factors.
Submitted, March 31, 1997.

EXTENSIONS OF TIME
San Francisco

Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan -extension to divest certain property.
Granted, April 2, 1997.

Dallas

First Live Oak Bancshares, Inc., Three Rivers,
Texas -- extension to July 14, 1997, to acquire
First Live Oak Delaware Bancshares, Inc., Dover,
Delaware, and First State Bank, Three Rivers,
Texas.
Granted, April 3, 1997.

Dallas

First Live Oak Delaware Bancshares, Inc., Dover,
Delaware -- extension to July 14, 1997, to acquire
First State Bank, Three Rivers, Texas.
Granted, April 3, 1997.

Director, BS&R

Merita Ltd., Helsinki, Finland -- extension to
satisfy a commitment.
Granted, March 31, 1997.

Atlanta

Metro Bank Financial Services, Inc., Coral Gables,
Florida -- extension to July 3, 1997, to acquire
Metro Bank of Dade County.
Granted, April 3, 1997.

REGULATIONS AND POLICIES




Director, C&CA

Regulation M -- final revisions of the official staff
commentary to Regulation M, which implements the
Consumer Leasing Act.
Approved, March 31, 1997.

H.2
MARCH 31, 1997
PAGE 11

ADDITIONS AND CORRECTIONS
TO

APRIL 9, 1997

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

REGULATIONS AND POLICIES
Application of the Electronic Fund Transfer Act to
Electronic Stored-Value Products -- report to the
Congress.
Approved, March 24, 1997.
Availability of Consumer Identifying Information and
Financial Fraud -- report to the Congress.
Approved, March 26, 1997.

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

MEMBERSHIP




Kansas City

Citizens State Bank of Cortez, Cortez, Colorado -- to
become a member of the Federal Reserve System.
Approved, April 3, 1996.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS

Application

SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Comment Period Ending Date

Merrill Merchants Bank,
Bangor, Maine - section 9
notification to establish
a branch in Newport, Maine*

Newspaper

04-21-97

Union Trust, Ellsworth, Maine
- section 9 notification to
establish a branch in Bar
Harbor, Maine*

Newspaper

05-03-97

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

Comment Period Ending Date

Vermont Financial Services
Newspaper
Corp., Brattleboro, Vermont
(VFSC) - 4(c)(8) notification
Federal Register
to merge with Eastern Bancorp,
Inc., Dover, New Hampshire, a
nondiversified savings and loan
holding company, with VFSC as
the survivor, and thereby
engage in operating Vermont
Federal Bank, FSB, Williston,
Vermont*

04-23-97
04-14-97

SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application




Comment Period Ending Date
NONE

SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
institution

Exam ination-Eatn

Rating**

NONE

♦Subject to CRA.
♦♦Rating Definitions:
"O" - 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
Notice by The Korea Development Bank, Seoul, Korea, to
establish a representative office in Chicago, Illinois.

N/A

Application by The Kwanju Bank Ltd., Kwanju, Korea, to
establish a representative office in New York, New York.

04/30/97

Application by Uexim Bank, M oscow, Russian Federation,
to establish a representative office in New York, New York.

N/A

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Nonbanking Applications
(subject to Federal Register Notice Only ^
None.
SECTION IV
Applications Not Involving
___Public Comment___
Republic National Bank o f New York, New York, New York,
to establish a branch in Guernsey, Channel Islands.
SECTION V
Availability of C R A Public Evaluations

In connection with the assessment o f each insured depository institution's
CRA performance, a rating is assigned from the following group:
Outstanding record 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 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 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.
Week Ending April 5.1997
NAME OF BANK

RATING

None.
1/ Subject to provisions o f Community Reinvestment Act.
2/ Later o f 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




EXAMINATION PATE

FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION I - APPLICATIONS RECEIVED AND SUBJECT TO NEW SPAPER
NOTICE ONLY
Qrrstown Bank. Orrstown, PA to establish a branch office at 625 Norland Avenue, Borough
o f Chambersburg, Franklin Co, PA, pursuant to Section 9 o f the Federal Reserve Act.
Newspaper comment period expires:

04/30/97

East Penn Bank. Emmaus, PA to establish a branch office at the Intersection o f Route 100 and
West End Trail, Borough o f Macungie, Lehigh Co, PA, pursuant to Section 9 o f the Federal
Reserve Act.
Newspaper comment period expires:

05/06/97

SECTION II - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEW SPAPER
AND FEDERAL REGISTER NOTICE
NONE
SECTION III - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL
REGISTER NOTICE ONLY
NONE
SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL
REGISTER NOTICE OR NEWSPAPER
First National Community Bancorp. Inc.. Dunmore, PA to become a bank holding company
through the acquisition o f First National Community Bank, Dunmore, PA, pursuant to Section
319 and Section 3(a)(1) o f the Bank Holding Company Act.




Newspaper comment period expires:

04/21/97

FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
The follow ing institutions were examined for CRA. The 30-business day period the bank has
to make the evaluation public has lapsed during the w eek ending April 4 , 1997.
Identification o f R atings
In connection with the assessm ent o f each insured depository institution's CRA performance, a
rating is assigned from the follow ing groups:
O utstanding record o f 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 m eet the credit needs o f its entire delineated com m unity, including low - and
m oderate-income neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record o f m eeting 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.
N eeds to im prove record o f m eeting com m unity credit needs.
An institution in this group needs to improve its overall record o f ascertaining and helping to
m eet the credit needs o f its entire delineated com m unity, 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
m eet the credit needs o f its entire delineated com m unity, including low - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
B ank/L ocation

Examination Pate

CRA R ating

First Commercial Bank
1027 Arch Street
Philadelphia, PA 19107

9 /4 /9 6

♦Outstanding

♦Correction on the CRA Rating for First Commercial Bank during the w eek ending 3/21/97.



A P P L IC A T IO N S B U L L E T IN
(F o r th e w e e k e n d in g A p ril 5 , 1 9 9 7 )

S E C T IO N I - A P P L IC A T IO N S S U B J E C T T O N E W S P A P E R N O T IC E O N L Y

NONE

n

S E C T IO N
- A P P L IC A T IO N S S U B J E C T T O B O T H N E W S P A P E R A N D F E D E R A L
R E G IS T E R N O T IC E

Received Section 3(a)(1) application from BNB Bancorp, Inc.,
Brookville, Ohio, on March 27, 1997, to acquire Brookville
National Bank, B rookville, Ohio.

* F: April 28, 1997

Received Section 3(a)(1) application from PHS Bancorp, M .H .C .,
Beaver Falls, Pennsylvania, on March 28, 1997, to acquire up to
51 percent o f the outstanding voting shares o f Peoples Home
Savings Bank, Beaver Falls, Pennsylvania.

* N ot Yet Known it

S E C T IO N H I - A P P L IC A T IO N S S U B J E C T T O F E D E R A L R E G IS T E R N O T IC E O N L Y

NONE
S E C T IO N IV - A P P L IC A T IO N S N O T S U B J E C T T O F E D E R A L R E G IS T E R N O T IC E
O R N E W S P A P E R N O T IC E

NONE

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




AVAILABILITY OF CRA PUBLIC EVALUATIONS
(April 4, 1997)

The follow ing state member banks have been exam ined 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 w eek ended April 4 , 1997. If you are
interested in obtaining a copy o f an evaluation document, please contact the bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING: a bank in this group has an outstanding record o f, 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.
SATISFACTO RY: a bank in this group has a satisfactory record o f ascertaining and
helping to m eet the credit needs o f its entire delineated com m unity, including low - and
m oderate-income neighborhoods, in a manner consistent with its resources and capabilities.
N E E D S TO IM PROVE: a bank 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 NON COM PLIANCE: 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

S e c tio n

I

- A p p lic a tio n s S u b ject
N o tice

t o Newspape r

O n ly

Ap p l i c a t i o n

Comment P e r i o d E n d in g D a t e

F irst V irgin ia
R oano ke,
F irst

B an k-South w est,

V irg in ia ,

V irg in ia

C o v in gto n ,

t o merge w i t h

Bank - H i g h l a n d s ,

V ir g in ia .*

4 -28 -97

S e c tio n

II

- A p p lic a tio n s

S u b ject

to

B oth

N ew spap er and F e d e r a l R e g i s t e r N o t i c e

Ap p l i c a t i o n

Comment P e r i o d E n d in g D a t e

None.

S e c tio n

III

- A p p lica tio n s

S u b ject

A p p lic a tio n

to

Federal

R e g is t e r N o tice

Comment P e r i o d E n d in g D a t e

None.

S e ctio n
Federal

IV - A p p l i c a t i o n N ot S u b j e c t

R e g is te r N o tice

o r N ew spap er N o t i c e

A p p lic a tio n

None.

♦ A p p lica tio n



is

s u b je c t

to

to

CRA r e q u i r e m e n t s .

Federal Reserve Bank of Richmond

SMtiCTLy ~ A f i a e i i L g . CRA Public Evaluations
vllf.lty f
Week ending April 4, 1997

Csfinition 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 con­
sistent 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.

RSSD
Number




Examination
H a m s .of Bank

Rating

____ Oats
___

Federal Reserve Bank o f Atlanta
Applications Bulletin for Week Ending April 4. 1997

Section 1 - Applications Subject to Newspaper N otice Only
Application

Comment Period Ending Date

First Community Bank
04-28-97
Orange C ity, Florida
To establish a branch located at 21 S. Highway 17/92, DeBary, Florida, to be known as the
DeBary O ffice, pursuant to Section 9 o f the Federal Reserve Act.
M ercantile Bank o f Southwest Florida
04-26-97
Naples, Florida
To establish a branch located at approximately 600 feet north o f Pelican’s N est D rive and
U . S. 41, Bonita Springs, Florida.

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

Comment Period Ending Date

Compass Bancshares, Inc.
N ot available*
Birmingham, Alabama
Along with Compass Bank o f Texas, Inc., Birmingham, Alabama, and Compass Bancorporation
o f Texas, Inc., W ilm ington, Delaware, to merge with Central Texas Bancorp, Inc., W aco, Texas,
and thereby indirectly acquire The National Bank o f W aco, W aco, Texas.
Regions Financial Corporation
N ot available*
Birmingham, Alabama
To merge with SB&T Corporation, Smyrna, Georgia, and thereby directly acquire Smyrna Bank
and Trust Company, Smyrna, Georgia, pursuant to Section 3(a)(5) o f the Bank Holding Company
Act.
Regions Financial Corporation
N ot available*
Birmingham, Alabama
To m erge with First Bankshares, Inc., East Point, G eorgia, and thereby directly acquire First
Bank o f G eorgia, East Point, Georgia, pursuant to Section 3(a)(5) o f the Bank Holding Company
A ct.

* Subject to the provisions of the Community Reinvestment Act.




Federal Reserve Bank o f Atlanta
Applications Bulletin for Week Ending April 4. 1997

Section 2 - Applications Subject to Both
Newspaper and Federal R egister N otice
Application

Comment Period Ending Date

Regions Financial Corporation
N ot available*
Birmingham, Alabama
To merge with The N ew Iberia Bancorp, In c., N ew Iberia, Louisiana, and thereby directly acquire
The N ew Iberia Bank, N ew Iberia, Louisiana, pursuant to Section 3(a)(5) o f the Bank Holding
Company A ct.
Weatherford Foundation o f Red Bay, Inc.
N ot available*
Red Bay, Alabama
After-the-fact change in control notice by Tammy Carol Bolton M ontgomery (as trustee), to retain
60.90 percent o f the outstanding shares o f its subsidiary, Independent Bancshares, In c., Red Bay,
Alabama, pursuant to the Change in Bank Control A ct o f 1978.
Southern Security Financial Corporation
04-11-97*
H ollyw ood, Florida
Newspaper
1-BHC formation, Southern Security Bank Corporation, H ollyw ood, Florida.
Pinnacle Bancshares, Inc.
Thomson, Georgia
1-BHC formation, M cD uffie Bank & Trust, Thom son, Georgia.

N ot available*

Premier Bancshares, Inc.
N ot available*
Atlanta, Georgia
To merge with Central and Southern Holding Company, M illedgeville, G eorgia, and thereby
directly acquire its bank subsidiary, Central and Southern Bank o f G eorgia, M illedgeville,
Georgia, pursuant to Section 3(a)(5) o f the Bank H olding Company A ct.

* Subject to the provisions of the Community Reinvestment Act.



Federal Reserve Bank o f Atlanta
Applications Bulletin for Week Ending April 4. 1997

Section 3 - Applications Subject to Federal R egister Only

Application

Comment Period Ending Date

P. C. B. Bancorp, Inc.
N ot available
Largo, Florida
To acquire Anchor Savings Bank, F .S .B ., St. Petersburg, Florida, and thereby engage in
operating a savings association, pursuant to Section 225.25(b )(9) o f Regulation Y and Section
4(c)(8) o f the Bank Holding Company Act.
Premier Bancshares, Inc.
N ot available
Atlanta, Georgia
To acquire Central and Southern Bank o f North G eorgia, Greensboro, Georgia, and thereby
engage in operating a savings association, pursuant to Section 225.25(b)(9) o f Regulation Y and
Section 4(c)(8) o f the Bank Holding Company Act.
United Community Banks
N ot available
B lairsville, Georgia
N otification for its subsidiary, United Family Finance, Blue R idge, Georgia, to engage in credit
insurance activities, pursuant to Section 225.25(b)(8)(ii) o f Regulation Y and Section 4(c)(8) o f
the Bank Holding Company A ct.

Section 4 - Applications Not Subject to
Federal Register N otice or Newspaper N otice
Application
Totalbank
M iami, Florida
Request for waiver o f the application requirement o f Section 3(a)(1) o f the Bank Holding
Company A ct to becom e a bank holding company through the acquisition o f Universal
Bancorp, Inc., M iami, Florida, and thereby acquire its subsidiary, U niversal National Bank,
M iami, Florida.




Federal Reserve Bank o f Atlanta
Applications Bulletin for Week Ending April 4. 1997

Section 10 - A vailability o f CRA Public Evaluations
The CRA public evaluations o f the insured depository institutions listed below became available
during this w eek. Information about an institution's CRA evaluation may be obtained directly
from the institution. In connection with the assessm ent o f an institution's CRA performance, a
rating is assigned from the follow ing groups:
O utstanding record o f m eeting com m unity credit needs: An institution has an outstanding
record of, and is a leader in, ascertaining and helping to m eet the credit needs o f its entire
delineated community, including low - and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Satisfactory record o f m eeting com m unity credit needs: An institution has a satisfactory record
o f ascertaining and helping to m eet the credit needs o f its entire delineated community, including
low - and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
N eeds to im prove record o f m eeting com m unity credit needs: An institution needs to improve
its overall record o f ascertaining and helping to m eet 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 has a
substantially deficient record o f ascertaining and helping to m eet the credit needs o f its entire
delineated community, including low - and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

Bank
N one.




CRA Rating

Examination Date

Federal Reserve Bank o f Atlanta
Applications Bulletin for Week Ending April 4. 1997

Recently Approved Applications

Approval Date

AmSouth Bank o f Alabama
04-04-97
Birmingham, Alabama
To establish a branch office located at 150 Ana D rive, Florence, Alabama, pursuant to Section 9
o f the Federal Reserve Act.
AubumBank
04-03-97
Auburn, Alabama
To establish a branch office located at 1617 South C ollege Street, Auburn, Alabama, to be known
as the W inn D ixie Branch, pursuant to Section 9 o f the Federal R eserve Act.
The Colonial Bancgroup, Inc.
04-04-97
M ontgomery, Alabama
To m erge with Fort Brooke Bancorporation, Brandon, Florida, and thereby directly acquire Fort
Brooke Bank, Brandon, Florida, pursuant to Section 3(a)(5) o f the Bank Holding Company Act.
AmSouth Bank o f Florida
04-03-97
Tampa, Florida
To establish a branch office located at 10109 W est H illsborough A venue, Tampa, Florida,
pursuant to Section 9 o f the Federal Reserve Act.
AmSouth Bank o f Florida
04-03-97
Tampa, Florida
To establish a branch office located at 6297 W est Waters Avenue, Tampa, Florida, pursuant to
Section 9 o f the Federal Reserve Act.
Republic Security Bank
04-02-97
W est Palm Beach, Florida
To m erge with Fam ily Bank, Hallandale, Florida, pursuant to Section 18(c) o f the Federal Deposit
Insurance Act.
Southwest Georgia Financial Corporation
03-31-97
M oultrie, Georgia
N otification to acquire 500 shares, or 50 percent, o f Empire Financial Services, In c.,
M illedgeville, G eorgia, indirectly through its subsidiary, Southwest Georgia Bank, M oultrie,
G eorgia, and thereby engage in the activity o f originating and servicing com m ercial mortgage
loans, pursuant to Section 225.25(b)(1) o f Regulation Y and Section 4(c)(8) o f the Bank Holding
Company Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending April 4. 1997

Recently Approved Applications

Approval Date

United Community Banks, Inc.
04-01-97
Blairsville, Georgia
After-the-fact notification to retain United Family Finance C o., Blue Ridge, Georgia, and thereby
continue engaging in making, acquiring, or servicing loans or other extensions o f credit, pursuant
to Section 225.25(b)(1) o f Regulation Y and Section 4(c)(8) o f the Bank Holding Company Act.




Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Qnlv
Comment Period
Ending Date

13se

Application

Member

NorthSide Community Bank
Gurnee, Illinois
To become a member of the Federal Reserve System

NP _ **

Merger & Branch

Security Savings Bank
Famhamville, Iowa
Boxholm, Iowa branch office o f
Boone Bank and Trust Company
Boone, Iowa
Branch at 200 2nd Street
Boxholm, Iowa

jsjp _ **

Merger & Branch

Old Kent Bank
Grand Rapids, Michigan
Commercial and Savings Bank of St. Claire County
Saint Claire, Michigan
Algonac Savings Bank
Algonac, Michigan
and to establish 15 branches

NP - 4-15-97

Merger & Branch

M&I Madison Bank
Madison, Wisconsin
M&I Bank Southwest
Spring Green, Wisconsin
and to establish 11 branches

NP - **

Merger & Branch

Huron Community Bank
East Tawas, Michigan
Au Gres Michigan branch of Citizens Bank
Flint, Michigan
Branch at 3150 East Huron Road
Au Gres, Michigan

N P -* *

Merger & Branch

M&I Bank of Janesville
Janesville, Wisconsin
M&I Bank of Beloit
Beloit, Wisconsin
M&I Bank of Delavan
Delavan, Wisconsin
and to establish 5 branches

NP - 3-28-97




Branch




M&I Bank of Burlington
Burlington, Wisconsin
5455 Sheridan Road
Kenosha, Wisconsin

NP - 3-11-97

Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only cont’d
Comment Period
Ending Date

ly p e

Application

Branch

NBD Bank
Detroit, Michigan
22332 Nine Mile Road
St. Clair Shores, Michigan

NP - 3-28-97

Branch

NBD Bank
Detroit, Michigan
9850 Telegraph Road
Taylor, Michigan

NP - 3-28-97

Branch

Old Kent Bank
Grand Rapids, Michigan
102 South Lake Street
Boyne City, Michigan

NP -1-29-97

Merger & Branch

Quad City Bank and Trust Company
Bettendorf, Iowa
Quad City Bank and Trust-Illinois
M oline, Illinois
Branch at 3551 Seventh Street
M oline, Illinois

NP - **

Merger & Branch

Citizens Bank
Flint, Michigan
City Bank and Trust Company
Jackson, Michigan
City Bank
St. Johns, Michigan
CB North
Charlevoix, Michigan
and to establish branches

NP - **




Branch

Old Kent Bank
Grand Rapids, Michigan
to establish a mobile branch

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




NP - 4-28-97

Federal Reserve Bank of Chicago
Section n - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
ly p g

Application

3(a)(1)

CH and JD Byrum, LLC*
Indianapolis, Indiana
American State Corporation
Lawrenceburg, Indiana
American State Bank
Lawrenceburg, Indiana

FR - 4-14-97
NP - 3-26-97

3(a)(3)

National Canton Bancshares, Inc.*
Canton, Illinois
Sturm Investment, Inc.
Denver, Colorado
Union National Bank of Macomb
Macomb, Illinois

FR - 4-18-97
NP - **

3(a)(3)

Old Second Bancorp, Inc.*
Aurora, Illinois
Maple Park Bancshares, Inc.
Maple Park, Illinois
First State Bank of Maple Park
Maple Park, Illinois

FR - 4-4-97
NP - 4-14-97

3(a)(1)

Bando McGlocklin Capital Corporation*
Pewaukee, Wisconsin
InvestorsBank (in organization)
Pewaukee, Wisconsin

FR - 4-7-97
NP - 4-7-97

CoC-HC

Osceola Baneorporation
Osceola, Iowa
By Denis L. And Sandra Kale

FR - 4-16-97
N P -* *

CoC-HC

First Fontanelle Baneorporation
Fontanelle, Iowa
By Ralph E. Wollenhaupt as Trustee

F R -* *
N P -* *

3(a)(3)

ABC Employee Stock Ownership Plan*
Anchor, Illinois
Anchor Baneorporation Inc.
Farmer City, Illinois
Anchor State Bank
Anchor, Illinois

FR - 4-3-97
NP - 4-1-97




Ending Date

Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice cont’d
Comment Period
Ending Date

Type

Application

4(c)(8)

Shoreline Financial Corporation
Benton Harbor, Michigan
SJS Bancorp, Inc.
St. Joseph, Michigan
SJS Federal Savings Bank
St. Joseph, Michigan

FR - 3-13-97
NP - 4-5-97

3(a)(3)

Parkway Bancorp, Inc.*
Harwood Heights, Illinois
Jefferson Holding Corp.
Chicago, Illinois
Jefferson State Bank
Chicago, Illinois

FR - 4-21-97
NP - 4-20-97

COC-HC

Leighton Investment Company
Leighton, Iowa
By Helen Glending and Harold A. and Ethel R. DeBruin

F R - 4-11-97
NP - **

3(a)(3)

Amcore Financial, Inc.*
Rockford, Illinois
Country Bank Shares Corporation
Mount Horeb, Wisconsin
Citizens State Bank
Clinton, Wisconsin
Montello State Bank
Montello, Wisconsin
State Bank of Argyle
Argyle, Wisconsin
State Bank of Mount Horeb
Mount Horeb, Wisconsin
Belleville Bancshares Corporation
Belleville, Wisconsin
Belleville State Bank
Belleville, Wisconsin

FR - 4-22-97
NP - 4-17-97

3(a)(5)

Marshall & Ilsey Corporation*
Milwaukee, Wisconsin
Security Capital Corporation
Milwaukee, Wisconsin
Security Bank, S.S.B.
Milwaukee, Wisconsin

PR . **




NP - 4-27-97

Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice cont’d

Application

Comment Period
Ending Date

3(a)(5)

Citizens Banking Corporation*
Flint, Michigan
CB Financial Corporation
Jackson, Michigan
City Bank & Trust Company
Jackson, Michigan
City Bank
St. Johns, Michigan
CB North
Charlevoix, Michigan

PR _ **
NP - **

3(a)(3)

NEB Corporation*
Fond du Lac, Michigan
State Bank of St. Cloud
St. Cloud, Wisconsin

PR . **
NP - 4-30-97




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

Type

Application

4(c)(8)

Old Second Bancorp, Inc.
Aurora, Illinois
Maple Park Mortgage Company
Maple Park, Illinois

FR - 4-4-97

4(c)(8)

Bando McGlocklin Capital Corporation
Pewaukee, Wisconsin
Bando McGlocklin Small Business Lending
Company and Bando McGlocklin
Investment Corporation
Pewaukee, Wisconsin

FR - 4-7-97

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

Type
NONE




Application

Federal Reserve Bank o f Chicago
Section V - Availability o f CRA Public Evaluations

The follow ing 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 4, 1997. If you are interested in obtaining a copy o f the evaluation document,
please contact the bank(s) directly.
Identification o f 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 o f its entire delineated com m unity,
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 has a 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.

SN -

An institution in this group has a substantial noncompliance 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.




BANK NAME/LOCATION

EXAMINATION DATE

RATINGS

Harris Trust and Savings Bank
111 West Monroe Street
Chicago, Illinois 60603-4003
(312) 461-2121

10/21/%

S

Hinsdale Bank & Trust Company
25 East First Street
Hinsdale, Illinois 60521
(630) 323-4404

12/09/%

S

Federal Reserve Bank of St. Louis
F O R T H E W E E K E N D IN G A P R IL 4 ,1 9 9 7

S E C T IO N I - A P P L IC A T IO N S S U B JE C T T O N E W S P A P E R N O T IC E
A p p lic a tio n

E n d o f C o m m e n t P e rio d

* Section 9 branch application by The Fifth
Third Bank o f Kentucky, Inc., Louisville,
Kentucky, to establish a branch located at
1830 New Blankenbaker Road, Louisville,
Kentucky.

4-2-97

S E C T IO N I I - A P P L IC A T IO N S S U B JE C T T O B O T H
N E W S P A P E R A N D F E D E R A L R E G IS T E R N O T IC E
A p p lic a tio n

E n d o f C o m m e n t P e rio d

* Section 3(a)(3) application by First
National Security Company, DeQueen,
Arkansas, to increase its percentage
ownership interest in First National
Bancshares o f Hempstead County, Inc.,
Hope, Arkansas, from 32.2 percent to
34.7 percent.

Newspaper: 5-7-97

* Section 3(a)(3) application by Central
Bancompany, Jefferson City, M issouri,
to acquire Warrensburg Bancshares, Inc.,
Warrensburg, M issouri.

Newspaper: 4-30-97

* Section 3(a)(1) application by Union
Illinois 1995 Investment Limited
Partnership, Swansea, Illinois, to retain
ownership o f 17.41 percent o f Union
Illinois Company, Swansea, Illinois.

Newspaper: 5-4-97

S E C T IO N I I I - A P P L IC A T IO N S S U B JE C T T O F E D E R A L R E G IS T E R N O T IC E

Application

E n d o f C o m m e n t P e rio d

None.

S E C T IO N IV - A P P L IC A T IO N S N O T S U B JE C T T O F E D E R A L R E G IS T E R N O T IC E
O R N E W S P A P E R N O T IC E

Application

E n d o f C o m m e n t P e rio d

None.*

http://fraser.stlouisfed.org/
* This application/notification
Federal Reserve Bank of St. Louis

is subject to CRA.

FEDERAL RESERVE BANK OF ST. LOUIS
FOR THE WEEK ENDING April 4, 1997
S E C T IO N V - A V A IL A B IL IT Y O F C R A P U B L IC D IS C L O S U R E S

Id e n tific a tio n o f R a tin g s:
O u ts ta n d in g r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s

An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping
to m eet 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 a tis fa c to r y r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s

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.
N e e d s to im p r o v e r e c o r d o f m e e tin g c o m m u n ity c r e d it n e e d s

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.
S u b s ta n tia l n o n c o m p lia n c e in m e e tin g c o m m u n ity c r e d it n e e d s

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.

B ank R SSD
N um ber

None




N am e o f B ank

B a n k A d d re s s

E x a m in a tio n
D a te

E x a m in a tio n
R a tin g

FE D E R A L R E SE 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
First Interstate Bank of Commerce, Billings, Montana, to merge with
First Interstate Bank of Montana, N.A., Kalispell, Montana, and Mountain
Bank, Whitefish, Montana, and incident thereto, establish branches in the
Montana communities of Kalispell, Whitefish, Evergreen, Great Falls, and
Cutbank. *

May 9, 1997

* Subject to CRA
FE D E R A L R E SE R V E B A N K O F M IN N E A P O L IS

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

Application
Retroactive notification by Stephen Habberstad and Susan Boschetti
to acquire control of 39.9% and 33.3%, respectively of the voting
shares of Country Bankers, Inc., Blooming Prairie, Minnesota.

April 21, 1997
(Federal Register)

First Bank System, Inc., Minneapolis, Minnesota for prior approval
to acquire 100% of the voting shares of the First Bank of South
Dakota (National Association), Sioux Falls, South Dakota. *

May 1, 1997
(Federal Register)

First Security Bank of Havre Profit Sharing Plan and Trust, Havre,
Montana to acquire control of 11.61% of the voting shares of
Montana Security, Inc., Havre, Montana.

April 22, 1997
(Federal Register)

First Bank System, Inc., Minneapolis, Minnesota to engage in savings
association activities through the acquisition of First Interim Bank
of Casper, fsb, Casper, Wyoming and First Interim Bank of
Cheyenne, fsb, Cheyenne, Wyoming. *

May 1, 1997
(Federal Register)

* Subject to CRA
FE D E R A L R E SE R V E B A N K O F M IN N E A P O L IS

Section III - Applications Subject
to Federal Register Notice Only

Application
Minnwest Corporation, Montevideo, Minnesota to engage in
sale of insurance and investment advisory activities through
the acquisition of Minnwest Investment and Insurance Center, Inc.,
Montevideo, Minnesota.




Comment Period
Ending Date
Withdrawn
April 2, 1997




FED E R A L R E SE R V E B A N K O F M IN N E A P O L IS

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
N O N E.

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending April 4,1997
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

Kanabec State Bank
124 East Maple Avenue
Mora, Minnesota 55051

December 30, 1996

Satisfactory




KANSAS CITY RESERVE BANK APPLICATIONS AND REPORTS RECEIVED
During the week ending April 4 , 1997

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION

COMMENT PERIOD

GPATE

N one.

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

APPLIC TION
A

COM M ENT PERIOD END ING D A TE

Frank L. Carson, III, as trustee, to acquire an
additional 92.28 percent, for a total o f 93.96 percent,
o f the voting shares o f Mulvane Bankshares, Inc.,
M ulvane, Kansas.

April 23, 1997

Exchange Bankshares Corporation of Kansas,
A tchison, Kansas, for prior approval to acquire 68.03
percent o f the voting shares o f The Farmers and
Merchants State Bank, Effingham, Kansas.*

May 2, 1997

Giltner Investment Partnership, Ltd., Omaha,
Nebraska, for prior approval to become a bank
holding company through the acquisition o f 60 percent
o f the voting shares o f The Avoca Company, Avoca,
Nebraska.*

May 5, 1997

Northeast Kansas Bancshares, Inc., Valley Falls,
Kansas, for prior approval to become a bank holding
company through the acquisition o f 100 percent o f the
voting shares o f Valley Falls Insurance, Inc., Valley
F alls, Kansas.*

May 5, 1997

M idstate Bancorp, Inc., Hinton, Oklahoma, for prior
approval to acquire 100 percent o f the voting shares o f
Binger A gency, Inc., Binger, Oklahoma.*

Not Available




SECTION m - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

Northeast Kansas Bancshares, Inc., Valley Falls,
Kansas, for prior approval to engage in insurance
activities.

May 5, 1997

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 o f each insured depository institution's CRA performance, a
rating is assigned from the follow ing groups:

Outstanding record of meeting community credit needs
An institution in this group has an outstanding 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.

Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record o f ascertaining and helping to meet
the credit needs o f its entire delineated community, including low - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.

Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall record o f ascertaining and helpiig
to meet the credit needs o f 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 o f ascertaining and helping
to meet the credit needs o f its entire delineated community, including low - and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.



Bank/Location

RSSDJ

The Stock Exchange Bank 671053
P.O . Box 273
C aldwell, Kansas 67022-0273 *
*Application is subject to CRA.




Exam Date

CRA Public
Date

01/13/97

04/01/97

CRA
Rating
Satisfactory

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
A P P LIC A T IO N S AND N O T IF IC A T IO N S F I L E D DURING TH E WEEK O F MARCH 3 1 . 1997

SECTION I • APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
A P P LIC A T IO N

N O T IC E EXP

None.

SECTION I I .-- APPLICATIONS SUBJECT TQ BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
A P P LIC A T IO N
*S e c t io n 3 ( a ) ( 1 ) a p p lic a t io n by
C o n c o rd ia C a p ita l C o r p o r a tio n , V i d a l i a , L A ,
t o a c q u ire C o n c o rd ia Bank & T r u s t Company,
V i d a l i a . LA
( P r e v i o u s l y re p o rte d d u rin g th e week o f 0 3 - 1 7 - 9 7 )

* * N O TIC E EXP

0 4 -1 8 -9 7

*S e c t io n 3 ( a ) ( 3 ) a p p lic a t io n by
P re m ie r B a n c sh a re s, I n c . , La G ra n g e , T X ,
t o a c q u ire C i t i z e n s S t a t e B a n k, Hempstead, TX

N /A

*S e c t io n 3 ( a ) ( 3 ) a p p lic a t io n by
P re m ie r H o ld in g s N e va d a , I n c . , Carson C i t y , NV,
t o a c q u ire C i t i z e n s S t a t e B a n k, Hempstead, TX

N /A

Change in C o n tro l N o tic e by
D ona ld E . P o w e ll, A m a r i l l o , T X . o n ly n o t i f i c a n t ,
t o a c q u ire an i n t e r e s t in T e ja s B a ncshares, I n c .,
F r i t c h , TX

0 4 -0 9 -9 7

Change in C o n tro l N o tic e by
M. D a le M c G i l l , H o u s to n , T X , e t a l , t o
a c q u ire an i n t e r e s t in Farm ers and Merchants
B a n c sh a re s, I n c . , M a r t, TX

0 3 -2 6 -9 7.

( P r e v io u s ly re p o rte d d u rin g th e week o f 3 -1 0 -9 7 )
Change in C o n tro l N o tic e by
Ben J . S c o t t , Colem an, T X , o n ly n o t i f i c a n t , t o
a c q u ire an i n t e r e s t in Coleman B an kshares, I n c .,
Colem an, TX




N /A

SECTION I I I • APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
A P P L IC A T IO N

NOTICE-EXP

N o ne.

SECTION IV • APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
A P P L IC A T IO N
None.

* S U B JE C T TO CRA.
* * E X P IR A T IO N DATE IS THE DATE S P E C IF IE D IN TH E NEWSPAPER N O TIC E O N LY .
N /A - NOT A V A IL A B L E A T T H IS T IM E .




SECTION V • AVAILABILITY O C A PUBLIC EVALUATIO
F R
NS
FO T E W E O M R H 31. 1997
R H EK F AC

O u ts ta n d in g re c o rd o f m eeting community c r e d it needs.
An i n s t i t u t i o n in t h i s g ro u p has an o u ts ta n d in g re c o rd o f . and i s a
le a d e r i n , a s c e r ta in in g and h e lp in g t o meet th e c r e d i t needs o f i t s
e n t i r e d e lin e a te d com m unity, in c lu d in g low - and m o d e ra te -in co m e
n e ig h b o rh o o d s , in a manner c o n s is te n t w ith i t s re s o u rc e s and
c a p a b ilitie s .
S a t i s f a c t o r y re c o rd o f m eeting community c r e d it needs.
An i n s t i t u t i o n in t h i s g roup has a s a t i s f a c t o r y re c o rd o f a s c e r ta in in g
and h e lp in g t o meet th e c r e d i t needs o f i t s e n t i r e d e lin e a te d com m unity,
in c lu d in g lo w - and m oderate-incom e n e ig h b o rh o o d s, in a manner c o n s is te n t
w ith i t s re so u rce s and c a p a b i l i t i e s .
Needs t o Im prove re c o rd o f m eeting community c r e d it needs.
An i n s t i t u t i o n in t h i s g ro u p need t o im prove i t s o v e r a l l re c o rd o f
a s c e r ta in in g and h e lp in g t o meet th e c r e d it needs o f i t s e n t i r e
d e lin e a te d com m unity, in c lu d in g low - and m oderate-incom e n e ig h b o rh o o d s ,
in a manner c o n s is te n t w ith i t s resources and c a p a b i l i t i e s .
S u b s ta n tia l Noncom pliance in m ee tin g community c r e d i t needs.
An i n s t i t u t i o n in t h i s gro up has a s u b s t a n t i a l l y d e f i c i e n t re c o rd o f
a s c e r ta in in g and h e lp in g t o meet th e c r e d it needs o f i t s e n t i r e
d e lin e a te d com m unity, in c lu d in g low - and m oderate-incom e n e ig h b o rh o o d s,
in a manner c o n s is te n t w ith i t s resources and c a p a b i l i t i e s .

Bank
None.




Exa m in a tio n

CRA R a tin g

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 4 /0 4 /9 7
Section I - Applications Subject to Newspaper Notice Only Date

Application

Comment Period Ending Date

None

Section-!! - Applications Subject to Both
Newspaper and Federal Register Notice
Eggemeyer Advisory Corp., Castle Creek
Capital L .L .C ., and Castle Creek Partners
Fund-1, L .P ., all o f San D iego, California, to
acquire at least 35.0 percent o f Rancho
Santa Fe National Bank, Rancho Santa Fe,
California, and at least 24.9 percent o f First
Community Bank o f the Desert, Yucca Valley,
California. *

Newspaper:

Eggem eyer Advisory Corp., Castle Creek
Capital L .L .C ., Castle Creek Partners Fund-1, L .P .,
and Monarch Bancorp, all o f San Diego, California,
to merge with California Commercial Bancshares,
Newport Beach, California. *

Newspaper:

Eggem eyer Advisory Corp., Castle Creek
Capital L .L .C ., Castle Creek Partners Fund-1, L .P .,
and Monarch Bancorp, all o f San Diego, California,
to acquire an option to purchase 19.9 percent o f
California Commercial Bancshares, Newport
Beach, California. *

Newspaper:

First Coastal Bancshares, El Segundo, California,
to becom e a bank holding company by acquiring
First Coastal Bank, N .A ., El Segundo, California. *

* Subject to CRA.




Not available

Fed. R eg.:

4/25/97

Not available

Fed. Reg.:

4/18/97

Not available

Fed. Reg.:

4/18/97

Newspaper:

4/09/97

Fed. Reg.:

4/11/97

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 4/04/97
Section II - Applications Subject to Both
Newspaper and Federal Register Notice (Cont'd.)

Dartmouth Capaital Group, Inc., Dartmouth
Capital Group, L.P., Commerce Security Bancorp,
Inc., all of Huntington Beach, California, to acquire
Eldorado Bancorp, Irvine, California, and SDN
Bancorp, Encinitas, California, to merge with
Eldorado Bancorp. *
Dartmouth Capaital Group, Inc., Dartmouth
Capital Group, L.P., and Commerce Security Bancorp,
Inc., all of Huntington Beach, California, to acquire
an option to purchase 11 percent of Eldorado Bancorp,
Irvine, California. *
Bancorp Hawaii, Inc., Honolulu, Hawaii, to merge
with CU Bancorp, Encino, California. Bancorp
Hawaii, Inc., also applied to acquire an option to
purchase 19.9 percent of CU Bancorp. *
Imperial Bancorp, Inglewood, California, to acquire
Imperial Bank of Arizona, Phoenix, Arizona. *

Newspaper:

4/19/97

Fed. Reg:

4/25/97

Newspaper:

4/19/97

Fed. Reg:

4/25/97

Newspaper;

4/28/97

Fed. Reg.:

5/05/97

Newspaper:

Not available

Fed. Reg.:

5/01/97

Section III -Applications Subject to Federal Register Only
None

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

* Subject to CRA.




FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 4/04/97

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

M & I Thunderbird Bank

1 E. Cambelback Road
POBox 11856
Phoenix, AZ 85061-1856
(602) 241-6500

Examination Date
12/02/96

Eating*
Outstanding

*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