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H.2, 1994, No. 15
POHl'Actions of the Board, its Staff, and
'
the Federal Reserve Banks;
Ap®3»idations and Reports Received
ilhe week Ending April 9, 1994

ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

.

ACTIONS TAKEN BY THE BOARD

. -,

BANK HOLDING COMPANIES
Bank of Nova Scotia, Toronto, Canada -- authority to
acquire Montreal Trustco Inc., Montreal, Canada.
Granted, April 5, 1994.
ENFORCEMENT
Buffalo Bank, Eleanor, West Virginia -- written
agreement dated January 31, 1991, terminated
March 3, 1994.
Announced, April 4, 1994.
Citizens First Bancorp, Inc., Glen Rock, New Jersey,
written agreement dated December 18, 1990,
terminated March 15, 1994.
Announced, April 4, 1994.
Dyer F&M Bancshares, Inc., Dyer, Tennessee, and
Farmers & Merchants Bank -- issuance of order of
prohibition against Garry L. Carroll, a former
institution-affiliated party.
Announced, April 4, 1994.
First State Bancorp, Howell, New Jersey -- written
agreement dated September 16, 1992, terminated
February 16, 1994.
Announced, April 4, 1994.
Home Port Bancorp, Inc., Nantucket, Massachusetts -written agreement dated August 3, 1992, terminated
March 1, 1994.
Announced, April 4, 1994.
Midlantic Corporation, Edison, New Jersey -- written
agreement dated May 16, 1991, terminated March 17,
1994.
Announced, April 4, 1994.
People*s Mutual Holdings, Inc., Bridgeport,
Connecticut -- written agreement dated October 22,
1992, terminated March 30, 1994.
Announced, April 4, 1994.
INTERNATIONAL OPERATIONS




NationsBank of North Carolina, N . . Charlotte, North
A ,
Carolina - -to establish a branch in Hong Kong.
Permitted, April 8, 1994.

H.2
APRIL 4, 1994
PAGE 2

TO

APRIL 9, 1994

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

REGULATIONS AND POLICIES
Section 20 subsidiaries -- quarterly table to adjust
interest income for companies that adopt the
Board's alternative indexed revenue test to measure
compliance with the 10 percent limit on bank
ineligible securities activities.
Announced, April 5, 1994.

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES. DOMESTIC




Richmond

Centura Bank, Rocky Mount, North Carolina -- to
establish an electronic funds transfer facility in
the WalMart store at 5400 North Croatian Highway,
Kitty Hawk, North Carolina.
Approved, April 6, 1994.

Richmond

Fairfax Bank & Trust Company, Fairfax, Virginia - - t o
establish a branch at 133 South Washington Street,
Falls Church, Virginia.
Approved, April 4, 1994.

Philadelphia

First Sterling Bank, Devon, Pennsylvania --t o
establish a branch at 50 Monument Road, Bala
Cynwyd, Pennsylvania.
Approved, April 5, 1994.

Richmond

Middleburg Bank, Middleburg, Virginia - - t o establish
a branch at 431 East Main Street, Purcelville,
Virginia.
Approved, April 8, 1994.

Kansas City

Star Valley State Bank, Afton, Wyoming --to
establish a branch on U.S. Highway 89 in Thayne,
Wyoming.
Approved, April 9, 1994.

H.2
APRIL 4, 1994
PAGE 3

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APRIL 9, 1994

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




St. Louis

CBT Corporation, Paducah, Kentucky -- to acquire BMC
Bancorp, Inc., Benton, Kentucky.
Approved, April 5, 1994.

Minneapolis

Citizens Bank Group, Inc., Minneapolis, Minnesota -to acquire Mapleton Bancshares, Inc., Mapleton,
Minnesota.
Approved, April 5, 1994.

Chicago

First Colonial BankShares Corporation, Chicago,
Illinois -- to acquire First Colonial Investment
Services, Inc., Rosemont, Illinois, and to engage
in full service securities brokerage activities.
Returned, April 8, 1994.

Cleveland

First Financial Bancorp, Hamilton, Ohio -- to acquire
Clyde Banc Corp. Clyde, Ohio.
,
Approved, April 8, 1994.

Minneapolis

Frandsen Financial Corporation, Forest Lake,
Minnesota -- to acquire Warren Bancshares, Inc.,
Warren, Minnesota.
Approved, April 4, 1994.

Chicago

Irwin Financial Corporation, Columbus, Indiana -relief from commitment not to render investment
advice without prior approval.
Returned, April 7, 1994.

Atlanta

Liberty Financial Services, Inc., New Orleans,
Louisiana -- proposal to acquire certain assets and
assume certain liabilities of Carrollton Homestead
Association, F.A., which will be merged with
Liberty Bank and Trust Company.
Approved, April 8, 1994.

GC

Michigan Financial Corporation, Marquette, Michigan - determination that sale of certain property
constitutes divestiture.
Granted, April 6, 1994.

Secretary

Northern Trust Corporation, Chicago, Illinois -- to
acquire Hazle.hurst & Associates, Inc., Atlanta,
Georgia, and engage in employee benefits consulting
and software design.
Approved, April 8, 1994.

H.2
APRIL 4, 1994
PAGE 4

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APRIL 9, 1994

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

BANK HOLDING COMPANIES
Chicago

Old Kent Financial Corporation, Grand Rapids,
Michigan -- to engage in community development
activities by investing in low income housing
projects.
Permitted, April 7, 1994.

Atlanta

Pointe Financial Corporation, Boca Raton, Florida -to acquire Flamingo Bank, Pembroke Pines, Florida.
Approved, April 8, 1994.

Atlanta

Pointe Financial Corporation, Boca Raton, Florida -to acquire Pointe Federal Savings Bank.
Approved, April 8, 1994.

St. Louis

Republic Bancorp, Inc., Louisville, Kentucky -- to
acquire Republic Bank of Shelby County,
Shelbyville; Republic Savings Bancorp, Inc.,
Louisville; Kentucky, and Republic Savings Bank.
Approved, April 7, 1994.

Cleveland

United Bancorp of Kentucky, Inc., Lexington, Kentucky
-- to acquire Computer Bank Services, Inc.
Approved, April 6, 1994.

BANK MERGERS
St. Louis

Republic Savings Bank, F.S.B., Louisville, Kentucky
- to merge with Republic Bank & Trust Company.
Approved, April 7, 1994.

BANK PREMISES




Richmond

Bank of Suffolk, Suffolk, Virginia - investment in
■
bank premises.
Approved, April 6, 1994.

San Francisco

Community First Bank, Bakersfield, California investment in bank premises.
Approved, April 4, 1994.

Chicago

Hendricks County Bank and Trust Company, Brownsburg,
Indiana -- investment in bank premises.
Approved, April 6, 1994.

H. 2
APRIL 4, 1994
PAGE 5

TO

APRIL 9, 1994

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

BANK PREMISES
Minneapolis

North Shore Bank of Commerce, Duluth, Minnesota -investment in bank premises.
Approved, April 5, 1994.

Cleveland

Security Dollar Bank, Niles, Ohio -- investment in
bank premises.
Approved, April 4, 1994.

BANKS. STATE MEMBER
Kansas City

Morris State Bank, Morris, Oklahoma -- payment of a
dividend.
Approved, April 8, 1994.

Director, BS&R

Premier Bank and Trust, Elyria, Ohio -- transfer
agent registration.
Withdrawn, April 4, 1994.

CHANGE IN BANK CONTROL
Minneapolis

Citizens State Bancorporation, Petersburg, North
Dakota -- change in bank control.
Permitted, April 4, 1994.

Atlanta

Colony Bancshares, Inc., Atlanta, Georgia -- change
in bank control.
Permitted, April 8, 1994.

Minneapolis

Gale Bank Holding Company, Galesville, Wisconsin -change in bank control.
Permitted, April 4, 1994.

COMPETITIVE FACTORS REPORTS




Chicago

Alpine Bank of Illinois, Rockford, Illinois, proposed
merger with Valley Bank of Illinois, Cherry Valley,
Illinois -- report on competitive factors.
Submitted, April 5, 1994.

Cleveland

Champaign National Bank, Urbana, Ohio, proposed
merger with Champaign Interim National Bank -report on competitive factors.
Submitted, April 5, 1994.

H.2

APRIL 4, 1994
PAGE 6

TO

APRIL 9, 1994

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

COMPETITIVE FACTORS REPORTS




Atlanta

Citizens Bank and Trust of Fayette County,
Fayetteville, Georgia, proposed merger with
Southside Interim, Inc. -- report on competitive
factors.
Submitted, April 6, 1994.

Dallas

Coastal Banc Savings Association, Houston, Texas,
proposed merger with Coastal Bancorp, Inc. -report on competitive factors.
Submitted, April 5, 1994.

Kansas City

Commercial National Bank of Ainsworth, Ainsworth,
Nebraska, proposed merge with First National Bank
of Springview, Springview, Nebraska -- report on
competitive factors.
Submitted, April 4, 1994.

St. Louis

Farmers and Merchants Bank of Stuttgart, Stuggart,
Arkansas, proposed purchase of certain assets and
assumption of certain liabilities of the DEE Arc
branch of Worthen National Bank of Arkansas, Little
Rock, Arkansas -- report on competitive factors.
Submitted, April 7, 1994.

Atlanta

First Alabama Bank, Montgomery, Alabama, proposed
merger with First Bank of Fayette, Fayette, Alabama
““ report on competitive factors.
Submitted, April 6, 1994.

St. Louis

First Bank, O'Fallon, Illinois, proposed merger with
State Bank of Breeze, Breeze, Illinois -- report on
competitive factors.
Submitted, April 4, 1994.

St. Louis

First National Bank of Perry County, Cannelton,
Indiana, proposed merger with Perry County Interim
National Bank -- report on competitive factors.
Submitted, April 4, 1994.

Chicago

First Trust and Savings Bank of Watseka, Watseka,
Illinois, proposed merger with FTSB Interim Bank -report on competitive factors.
Submitted, April 5, 1994.

H.2
APRIL 4, 1994
PAGE 7

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APRIL 9, 1994

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

COMPETITIVE FACTORS REPORTS




Richmond

First Union Corporation, Charlotte, North Carolina -proposal that First Union National Bank of Florida,
Jacksonville, Florida, purchase the assets and
assume certain liabilities of the Jacksonville
Federal Savings Association -- report on
competitive factors.
Submitted, April 8, 1994.

Philadelphia

Johnstown Interim Bank, Johnstown, Pennsylvania,
proposed merger with Johnstown Savings Bank -report on competitive factors.
Submitted, April 4, 1994.

St. Louis

Leachville State Bank, Leachville, Arkansas, proposed
purchase of the assets and assumption of the
liability for deposits of the Caraway branch of
First Bank of Arkansas, Jonesboro, Arkansas -report on competitive factors.
Submitted, April 6, 1994.

Richmond

Maryland Federal Savings and Loan Association,
Hyattsville, Maryland, proposed purchase of the
assets and assumption of the liabilities of the
Rockville, Maryland, branch of Equitable Federal
Savings Bank, Wheaton, Maryland -- report on
competitive factors.
Submitted, April 6, 1994.

Boston

North American Bank & Trust Company, Waterbury,
Connecticut, proposed merger with North American
Bancorporation -- report on competitive factors.
Submitted, April 5, 1994.

Cleveland

Northwest Savings Bank, Warren, Pennsylvania, a tobe-organized stock savings bank, proposed
acquisition of the assets and assumption of the
liabilities of Northwest Savings Bank -- report on
competitive factors.
Submitted, April 6, 1994.

H .2

APRIL 4, 1994
PAGE 8

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APRIL 9, 1994

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

COMPETITIVE FACTORS REPORTS
Chicago

Security State Bank, Anamosa, Iowa, proposed
acquisition of the assets and assumption of the
liabilities of deposits of the Olin, Iowa, branch
of Community State Bank, Lipton, Iowa -- report on
competitive factors.
Submitted, April 5, 1994.

EXTENSIONS OF TIME
Chicago

Bancorp of New Glarus, Inc., New Glarus, Wisconsin extension to July 6, 1994, to acquire Bank of New
Glarus.
Granted, April 7, 1994.

Dallas

First El Dorado Bancshares, Inc., Eldorado, Texas -extension to July 4, 1994, to acquire First
Eldorado Delaware Bancshares, Inc,, Dover,
Delaware, and First National Bank of Eldorado,
Eldorado, Texas.
Granted, April 5, 1994.

Dallas

First Eldorado Delaware Bancshares, Inc., Dover,
Delaware -- extension to July 4, 1994, to acquire
First National Bank of Eldorado, Eldorado, Texas.
Granted, April 5, 1994.

Dallas

Odem Bancshares, Inc., Odem, Texas -- extension to
June 12, 1994, to acquire First State Bank of Odem
Granted, April 7, 1994.

Director, BS&R

U.S. Bancorp, Portland, Oregon -- extension of
divestiture period for certain property.
Granted, April 8, 1994.

Director, BS&R

USBANCORP, Johnstown, Pennsylvania -- extension of
divestiture period for certain property.
Granted, April 5, 1994.




H.2
APRIL 4, 1994
PAGE 9

TO

APRIL 9, 1994

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

MEMBERSHIP
San Francisco

Community First Bank, Bakersfield, California - - t o
become a member of the Federal Reserve System.
Approved, April 4, 1994.

RESERVE BANK OPERATIONS
Director, FRBO

Federal Reserve Bank of Minneapolis --t o lease
equipment to support check operations.
Approved, April 7, 1994.

RESERVE BANK SERVICES




Director, FRBO

Federal Reserve Bank of Cleveland -- request by
National Clearing House Association to amend its
regulations to reduce to $50 million the Tier 1
capital required for membership.
Approved, April 7, 1994.

H.2

ADDITIONS AND CORRECTIONS

APRIL A, 1994
PAGE 10

TO

APRIL 9, 1994

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNI:r d e l e g a t e d AUTHORITY

BANK HOLDING COMPANIES
Chicago

Cleveland Development Bancorporation, Chicago,
Illinois, and Shorebank Corporation -- to acquire
Cleveland Enterprises Group and CDB Development
Co., and engage in community development
activities.
Returned, April 1, 1994.

Chicago

Horizon Bancorp Employee Stock Ownership Plan,
Michigan City, Indiana, and Horizon Bancorp -- to
engage de novo in acting as insurance agent or
broker through Horizon Insurance Group, Inc.
Returned, April 1, 1994.

Chicago

Marquette National Corporation, Chicago, Illinois -to acquire Orland State Bank, Orland Park,
Illinois.
Returned, April 1, 1994.




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

Comment Period Ending Date

Peoples Heritage Financial
Group, Inc., Portland,
Maine - 5 ( d ) (3) application
to acquire Mid Maine
Savings Bank, FSB, Auburn,
Maine

Newspaper Not Yet Established

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

Comment Period Ending Date
NONE

SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY

NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS

Institution

Examination Date

Rating**

NONE

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




"N"

Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Creditanstalt-Bankverein, Vienna, Austria, through its
wholly-owned subsidiary, Creditanstalt-International
Advisers Group Inc., to acquire a 24.5 percent limited
partnership interest in Gulfstream Global Investors, Ltd.,
Dallas, Texas, a partnership between Tull, Dowd, Marsh,
& Tritsch, Inc., Dallas, Texas, the 51 percent general
partner, and The Sail Company, currently the 49 percent
limited partner, and thereby to engage in investment
advisory activities.

N/A

SECTION IV
Applications Not Involving
______ Public Comment______
Chemical Bank, New York, New York to establish a branch in
Shanghai, People's Republic of China.

N/A

Chemical Bank, New York, New York to invest through whollyowned subsidiaries in Grupo Financiero Chemical, S.A. de C.V.,
Mexico City, Mexico.
N/A
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and




moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighbor­
hoods, in a manner consistent with its resources and capabilities.
Week Ending April 9, 1994
NAME OF BANK

RATING

EXAMINATION DATE

|u> |tO |(—
1

None.
/
/
/

4/

Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available




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

Comment Period Ending Date
ynited Bank of Philadelphia, Philadelphia, PA requests approval to merge with New Bank
Philadelphia PA (to effect a holding company formation), pursuant to Section 18(c) of
the FDI Act.
Newspaper Comment Period expires:

5/01/94

— — — -—APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL. REGISTER NOTICE
US— Bancorp,— Inc, , Johnstown, PA, requests approval to acquire 100% of the votinq
shares of Johnstown Savings Bank, Johnstown, PA, pursuant to Section 3(a)(3) of the BHC
Act• *
**
Newspaper Comment Period expires:
5/01/94
Fed. Register comment period expires:
5/06/94
fulton Financial Corporation, Lancaster, PA, requests approval to acquire 100% of MidAtlantic Bancorp, Hagerstown, MD, pursuant to Section 3(a)(5) of the BHC Act.
Newspaper Comment Period expires:
Fed. Register comment period expires:

5/02/94
5/06/94

U 1on Rock State Bancorp, Inc., Glen Rock, Pennsylvania request approval to form a bank
holding company by acquiring 100% of the voting shares of Glen Rock State Bank, Glen
Rock, Pennsylvania, pursuant to Section 3(a)(1) of the Bank Holding Company Act.
Newspaper Comment Period expires:
Fed. Register comment period expires:

4/27/94
5/06/94

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
None.

**

NOTE: Last week's Applications Bulletin stated that the date for Federal Register
on 4/22/94. However, that comment period was for an application by US Bancorp,
Inc., Johnstown, PA, to acquire 100% of the voting shares of Johnstown Interim Bank,
Johnstown, PA, pursuant to Section 3(a)(3) of the BHC Act. That proposal was revised
anc^ resubmitted by Applicant. The proposal in its correct form refers to the
acquisition of Johnstown Savings Bank. The correct Federal Register comment period,
therefore, expires on 5/06/94, as shown above.
1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.




FEDERAL RESERVE BANK OF PHILADELPHIA
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
United Bank of Philadelphia, Philadelphia, PA requests approval to merge with New Bank,
Philadelphia, PA (to effect a holding company formation), pursuant to Section 18(c) of
the FDI Act.
Newspaper Comment Period expires:

5/01/94

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
US Bancorp, Inc., Johnstown, PA, requests approval to acquire 100% of the voting
shares of Johnstown Savings Bank, Johnstown, PA, pursuant to Section 3(a)(3) of the BHC
Act. **
Newspaper Comment Period expires:
5/01/94
Fed. Register comment period expires:
5/06/94
Fulton Financial Corporation, Lancaster, PA, requests approval to acquire 100% of MidAtlantic Bancorp, Hagerstown, MD, pursuant to Section 3(a)(5) of the BHC Act.
Newspaper Comment Period expires:
Fed. Register comment period expires:

5/02/94
5/06/94

Glen Rock State Bancorp, Inc., Glen Rock, Pennsylvania request approval to form a bank
holding company by acquiring 100% of the voting shares of Glen Rock State Bank, Glen
Rock, Pennsylvania, pursuant to Section 3(a)(1) of the Bank Holding Company Act.
Newspaper Comment Period expires:
Fed. Register comment period expires:

4/27/94
5/06/94

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

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

** NOTE: Last week's Applications Bulletin stated that the date for Federal Register
expired on 4/22/94. However, that comment period was for an application by US Bancorp,
Inc., Johnstown, PA, to acquire 100% of the voting shares of Johnstown Interim Bank,
Johnstown, PA, pursuant to Section 3(a)(3) of the BHC Act. That proposal was revised
and resubmitted by Applicant. The proposal in its correct form refers to the
acquisition of Johnstown Savings Bank. The correct Federal Register comment period,
therefore, expires on 5/06/94, as shown above.
1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.




Federal Reserve Bank of Cleveland
Applications Bulletin
For Week Ending April 9, 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 4 ( c ) (8) application from
* Not Yet Known #
Mellon Bank Corporation, Pittsburgh, Pennsylvania,
on January 3, 1994, to acquire Dreyfus Security
Savings Bank, FSB, Paramus, New Jersey, and Dreyfus
Trust Company, Uniondale, New York.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Received Section 4 ( c ) (8) application from
Not Yet Known #
Mellon Bank Corporation, Pittsburgh,
Pennsylvania, on February 7, 1994, to acquire
The Truepenney Corporation, The Trotwood
Corporation, The Trotwood Hunters Site A
Corporation, The Trustwood Hunters Corporation,
and Dreyfus Realty Advisors, Inc., all located in
New York, New York.
Received Section 4 ( c ) (8) notification from
April 28, 1994
Progressive Banchshares, Inc., Lexington,
Kentucky, on March 30, 1994, of its intent to
engage de novo in originating, making, or
acquiring for the company's account of the
accounts of others residential mortgage,
commercial mortgage, or construction loans AND
servicing mortgage, commercial mortgage, and
construction loans for the company's account
or the accounts of others pursuant to Section
225.25(b)(1) of Regulation Y; Acting as agent or
broker for credit life insurance and disability
insurance in conjunction with the origination
of loans pursuant to Section 225.25(b)(8) of
Regulation Y; and Providing residential and/or
commercial appraisal services pursuant to Section
225.25(b)(16) of Regulation Y.
These services
will be conducted through a wholly-owned subsidiary,
Progressive Mortgage Company, Lexington, Kentucky.




Applications Bulletin
For Week Ending April 9, 1994
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Received Section 4 (c)(8) application from
Mellon Bank Corporation, Pittsburgh,
Pennsylvania, on March 30, 1994, to acquire
Belden and Associates Investment Counsel, San
Francisco, California.

Not Yet Known ##

Received Section 4 ( c ) (8) application from
Northwest Bancorp, Inc., Warren, Pennsylvania,
to acquire certain non-bank subsidiaries of
Northwest Savings Bank, Warren, Pennsylvania.

Not Yet Known #

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

*
N
F
#

-

Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from date of
application's receipt.
## - Expected to end approximately 15 days from date of
application's receipt.




AVAILABILITY OF CRA PUBLIC EVALUATIONS
(April 8, 1994)
The following state member banks have been examined by the
Federal Reserve Bank of Cleveland for compliance with The Community
Reinvestment Act. A public evaluation document became available
from the bank(s) listed below during the week ended April 8, 1994.
If you are interested in obtaining a copy of an evaluation
document, please contact the bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING:
a bank in this group has an outstanding record
of, and is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
SATISFACTORY: a bank in this group has a satisfactory record
of ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
NEEDS TO IMPROVE:
a bank in this group needs to improve its
overall record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.
SUBSTANTIAL NON COMPLIANCE:
a bank in this group has a
substantially deficient record of ascertaining and helping to meet
the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
First State Bank
101 North Main Street
West Manchester, Ohio 45382
(513) 678-6951
Rating:
Satisfactory
Exam Date:
January 24, 1994




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

Comment Period Ending Date

First Virginia Bank of Tidewater,
Norfolk, Virginia, to establish a
branch in the Kiln Creek Shopping
Center, Victory Boulevard, Tabb,
Virginia.*
*

5-5-94

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

Comment Period Ending Date

First Financial Partners Fund I, L.P.,
New York, New York, to become a bank
holding company through the acquisition
of at least 25% of the voting shares of
Treasury Bank, Ltd., Washington, D. C.*

5-4-94

City Holding Company, Charleston, West
Virginia, to acquire 100% of the voting
shares of Lincoln Savings Bank, Carnegie,
Pennsylvania.*

5-9-94

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

None.

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

None.

*Application is subject to CRA requirements.



Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending April 8, 1994

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

Examination
Date

Rating

Peoples Bank of Montross
Kings Highway
Montross, Virginia 22520

1-18-94

Satisfactory

Farmers & Merchants Bank
P. 0. Drawer F
Timberville, Virginia 22853

1-18-94

Satisfactory

The Bank of Waverly
State Route 40
Waverly, Virginia 23890

1-18-94

Satisfactory




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending April 8. 1994
Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

None.
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

None.
Section 3 - Applications Subject to Federal Register Only
Application

Comment Period Ending Date

Pickens County Bancshares, Inc.
04-25-94
Reform, Alabama
After-the-fact notice to retain its subsidiary,
WAB&T Financial Services, Inc., Reform, Alabama,
which commenced engaging de novo in insurance
agency activities, pursuant to Section
225.25(b) (8) (iii) (A) of Regulation Y, and in
providing securities brokerage services, and
related securities credit activities, pursuant to
Section 225.25(b)(15) of Regulation Y.
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice

Application
Barnett Bank of Southwest Florida
Sarasota, Florida
Commitment waiver request.
St. Francisville Bancshares, Inc.
St. Francisville, Louisiana
To redeem 19.64 percent of its common stock.*

*Subject to provisions of the Community Reinvestment Act.




Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending April 8. 1994

Section_10___ Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions
listed below became available during this week.
Information about
institution s CRA evaluation may be obtained directly from the
institution. In connection with the assessment of an institution's
CRA performance, a rating is assigned from the following groups:
Outstanding record of meeting community credit needs:
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
ighborhoods, 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
^ank

Rating

Date

Metro Bank of Dade County
Satisfactory
1390 South Dixie Highway
Coral Gables, Florida 33146
(305)662-1390

12-20-93

Southern Heritage
Savings Bank
Post Office Box 467
Winterville, Georgia
(706)548-2068

01-03-94




Satisfactory

30683

Family Bank of Hallandale
Post Office Box 10
Hallandale, Florida 33009
(305)458-2211

Satisfactory

01-03-94

Bank of Alabama
Post Office Box 340
Fultondale, Florida
(205)849-5481

Satisfactory

01-03-94

35068

The Bank of Nashville
Satisfactory
Post Office Drawer 3376
Nashville, Tennessee 37219
(615)271-2000




01-03-94

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

Efpe

Application

Y-2

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

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

COC-HC

Withee Bank Shares, Inc.
Withee, Wisconsin
Walter E. Ollech

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

Y-2

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

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

Y-2
(100 %)

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

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

Y-2
(16.6%)

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

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

CoC-HC

Veedersburg Bank Corp.
Veedersburg, Indiana
Stephen A. Songer

FR - 3-31-94
N
- **

CoC-HC

B1anchardvilie Financial Services, Inc.
Blanchardville, Wisconsin
Frederick F. Reinhardt

FR
N




4-7-94
3-23-94

Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(
Continued)
Type

Application

Y-2

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

Y-l

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

Comment Period
Ending Date
FR - 4-4-94
N
- 3-30-94

FR - 4-15-94
N

-

**

CoC-HC

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

FR - 2-1-94
N
- 4-7-94

Y-l

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

FR - 4-15-94
N
- 4-8-94

CoC-HC

North Salem State Bancorporation
North Salem, Indiana
Robert Porter

FR - 4-12-94
N
. **

Y-l

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

FR - 4-22-94
N
. **

Y-l

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

FR - 4-28-94
**
N




-

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

Type

Application

Y-2

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

FR - 4-25-94
N - **

Y-2

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

FR - 5-2-94
NP - 4-28-94

Y-2

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

FR - 5-2-94
NP - 4-28-94

CoC-HC

Spring Bancorp, Inc.
Springfield, Illinois
Jack A. Marantz & Tom E. Marantz

FR - **
NP - **

Y-l

Second Fourth Street Financial Corp.
Pekin, Illinois
Merget Financial Corp.
Pekin, Illinois
Herget National Bank of Pekin
Pekin, Illinois

FR - **
NP - **

Y-2

Heritage Financial Services
Tinley Park, Illinois
Midlothian State Bank
Midlothian, Illinois

FR - **
NP - **

Y-l

Capital Commerce Bancorp, Inc.
Milwaukee, Wisconsin
Western Bancshares, Inc.
Milwaukee, Wisconsin
Milwaukee Western Bank
Milwaukee, Wisconsin

FR - **
NP - 5-6-94




Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only

Type

Application

Comment Period
Ending Date

Y-4

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

FR - 4-11-94

4 (C) (8)

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

FR - 4-15-94

Y-4

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

FR - 4-15-94

4 (c) (8)

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

FR -

4-7-94

4(c) (8)

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

FR -

4-7-94

Y-4

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

FR -

4-6-94

Y-4

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

FR -

4-5-94

Y-4

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

FR - 4-18-94




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

Type

Application

4 (c) (8)

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

4 (c) (8)

Cleveland Development Bancorporation
FR - 2-2-94
Chicago, Illinois
CDB Development Co.
Chicago, Illinois
Engage in Community Development Activities

4 (c) (8)

Cleveland Development Bancorporation
FR
Chicago, Illinois
Cleveland Enterprises Group
Chicago, Illinois
Engage in Community Development Activities

4 (c) (8)

Shorebank Corporation
FR - 2-2-94
Chicago, Illinois
CDB Development Co.
Chicago, Illinois
Engage in Community Development Activities

4 (c) (8)

Shorebank Corporation
FR - 2-2-94
Chicago, Illinois
Cleveland Enterprises Group
Chicago, Illinois
Engage in Community Development Activities

4 (c) (8)

Baraboo Bancorporation
Baraboo, Wisconsin
Eengage de novo in making and
servicing loans

4 (c) (8)




TSB Financial, Inc.
Tremont, Illinois
to engage in making, acquiring, or
servicing of loans

FR - 4-18-94

N

FR

- 2-2-94

- **

4-15-94

Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type

Application

RoS

Peoples Bancorp, Inc.
Prairie du Chien, Wisconsin
Purchase shares of its stock

RoS

Geneva Bancshares, Inc.
Geneva, Illinois
Purchase up to 5.4 percent of its outstanding shares
of common stock

RoS

Spring Bancorp, Inc.
Springfield, Illinois
Redeem 175,155 shares of its common stock

RoS

Everly Bancorporation
Everly, Iowa
Purchase 363 shares of stock from John E. Goodenow & members
of his family

RoS

First Forest Park Corporation
Forest Park, Illinois
Redeem 1,634 shares of its common stock

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




AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following state member banks have been examined by the Federal Reserve
Bank of Chicago for compliance with the CRA. The 30 -business day period the
bank has to make the evaluation public has lapsed during the week ending
April 8, 1994.
If you are interested in obtaining a copy of the evaluation
document, please contact the bank(s) directly.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is
a
leader in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
S-An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a maimer consistent with
its resources and capabilities.
NI-An institution in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate -income neighborhoods, in a manner
consistent with its resources and capabilities.
SN-An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
BANK NAME/LOCATION
None




EXAMINATION DATE

RATINGS

FEDERAL RE8ERVE BANK OF S T . LO U IS
FOR THE WEEK ENDING APRIL 8, 1994
RF.CTTON I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Amplication

End of Comment Period

None.

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

End of Comment Period

♦Section 3(a)(3) application by Central
Shares, Inc., Lebanon, Missouri, to acquire
45.3X interest in Security Bancshares of
Pulaski County, Inc., S ' Robert, Missouri.
t.

Newspaper: 4-23-94

♦Section 3(a)(1) application by Security
Bancshares of Pulaski County, Inc., St.
Robert, Missouri, to become a bank holding
company by acquiring Security Bank of
Pulaski County, St. Robert, Missouri.

Newspaper: 4-21-94

♦Section 3(a)(3) application by Banterra Corp.,
Eldorado, Illinois, to acquire Hopkins Bancorp,
Inc., Wickliffe, Kentucky.

Newspaper: 5-1-94

Change in Control notification involving Staun
Bancorp, Inc., Staunton, Illinois, by Jack A.
Marantz and Tom Edward Marantz

Not yet available

SECTION III - 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
Stock redemption notification by Staun Bancorp,
Inc., Staunton, Illinois.

None.

Section 9 application by First Bank, Creve
Coeur, Missouri, to engage in community
development activities

None.*

* This Application is subject to CRA.




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

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

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

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

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

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

FOR THE WEEK ENDING

Name of Bank
None




Bank Address

April 8, 1994

Examination
Date

Examination
Rating

FEDERAL RESERVE BARK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only

Application
Valley Bank of Ronan,
Ronan, MT
To establish a branch
in Arlee, MT

Comment Period
Endincr Date
Not yet available

First Interstate Bank of
Commerce, Billings, MT
To establish a branch in
Billings, MT

April 6, 1994

First Interstate Bank of
Commerce, Billings, MT
To establish a branch in
Missoula, MT

April 6, 1994

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Endincr Date
Application
Dwayne Andreas
To acquire control of 16.6%
of the voting shares of
National City Bancorporation,
Minneapolis, Mn
Kopperud Charitable Trust
and Truman D. Phelan,
as Independent Special
Trustee,
Oldham, SD
To acquire control of 51.79%
of the voting shares of
Consolidated Holding Company,
Oldham, SD
HSB Financial Corporation,
Harwood, ND
To become a bank holding
company through the
acquisition of 97.6% of the
voting shares of Harwood
State Bank,
Harwood, ND*




Returned

April 25, 1994
(Federal Register)

Not yet available

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

Application
Norwest Corporation,
Minneapolis, MN
To acquire 100% of the voting
shares of LaPorte Bancorp,
Hammond, IN*
Pipestone Bancshares, Inc.,
Pipestone, MN
To acquire 100% of the voting
shares of the Upper Midwest
Financial Corporation,
Garretson, SD*
United Bank Corporation
Osseo, WI
To become a bank holding
company through the acquisition
of 96.92% of the voting shares
of United Bank, Osseo, W I ;
88.82% of the voting shares
of Clarke County State Bank,
Osceola, IA;
84.83% of the voting shares
of Lincoln County Bank,
Merrill, WI;
99.67% of the voting shares
of Bank Poynette, Poynette,
WI;
100.00% of the voting shares
of Farmers State Bank,
Stickney,SD;
91.20% of the voting shares
of Farmers & Merchants State Bank,
Iroquois, SD; and
100.00% of the voting shares
of Cambridge State Bank,
Cambridge, W I .*

♦Subject to CRA




Comment Period
Ending Date
, May 6, 1994
(Federal Register)

May 2, 1994
(Newspaper)

Not yet available

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

Application
Norwest Corporation
Minneapolis, MN
Title insurance agency activities
through the acquisition of a
joint venture, Title Network
Agency, Buffalo, NY

April 11, 1994

Otto Bremer Foundation,
S t . Paul, MN and Bancor
Financial Corporation,
St. Paul, MN
To engage de novo in
leasing real property.

Not yet available

Norwest Corporation,
Minneapolis, MN
To acquire the discount
brokerage business of
LaPorte Bank and Trust,
LaPorte,IN

May 6, 1994

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




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending April 1, 1994
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of,
and is a leader in, ascertaining and helping to meet the
credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its
resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low-and
moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
BANK (S ) EXAMINED

DATE OF EXAMINATION

CRA RATING

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

Outstanding

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

Satisfactory




December 27, 1993

Federal Reserve Bank of Kansas City

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION
First State Bank of Taos, Taos, New
Mexico, for prior approval to
establish a branch banking facility
to be located in Rio Rancho, New
Mexico.

COMMENT PERIOD ENDING DATE
Not Available

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

COMMENT PERIOD ENDING DATE

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

May 2, 1994

Community Bancshares of Marysville,
Inc., Marysville, Kansas, for prior
approval to become a bank holding
company through the acquisition of
100 percent of the voting shares of
The Citizens State Bank of
Marysville, Marysville, Kansas, and
The Citizens State Bank of
Waterville, Waterville, Kansas.*

Not Available

Pinnacle Bancorp, Inc., Central City,
Nebraska, for prior approval to
acquire 100 percent of the voting
shares of Nebraska Capital
Corporation, Lincoln, Nebraska.*

Not Available




Federal Reserve Bank of Kansas City

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION
United Missouri Bancshares, Inc.,
Kansas City, Missouri, for prior
approval to offer full service
brokerage activities including the
provision of investment advice
through it's subsidiary United
Missouri Brokerage Services, Inc.,
Kansas City, Missouri'.

comment

period

ending

date

May 2, 1994

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs
An institution in this group has an outstanding record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome
neighborhoods,
in a manner consistent with
its
resources and capabilities.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome
neighborhoods,
in a manner consistent with
its
resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall
record of ascertaining 'and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome
neighborhoods,
in a manner consistent with
its
resources and capabilities.



Federal Reserve Bank of Kansas City

Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
CRA Public
___ Date___

CRA
Rating

Bank/Location

Exam Date

Wahoo State Bank
P.O. Box 188
Wahoo, Nebraska 68066-0188

12-27-93

04-04-94

Outstanding

Shoshone First Bank
P.O. Box 1330
Cody, Wyoming 82414-1330

01-03-94

04-07-94

Outstanding

♦Application is subject to CRA.




FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF APRIL 4, 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

** NOTICE EXP

Change in Control Notice by
William D. Grave, Dallas, TX, to acquire an interest
in Texas Community Bancshares, Inc., Dallas, TX
(Previously reported during the week of 3-14-94)

94/04/19

♦Section 3(a)(3) application by
Texas Financial Bancorporation, Inc., Minneapolis, MN,
to acquire Bedford National Bank, Bedford, TX

94/04/30

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

94/04/30

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

94/04/30

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION

NOTICE EXP

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

* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE-SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.




SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF APRIL 4. 1994

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

Bank

Date of
Examination

Hutto State Bank
500 Hwy. 79 West
P. 0. Box 249
Hutto, TX 78634

94/01/03

Satisfactory

Texas Bank
102 N. Main St.
P. 0. Box 760
Weatherford, TX 76086

93/11/29

Outstanding




CRA Rating

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 4/08/94
Section I - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

None

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Kaharudin Latief, Jakarta, Indonesia, to acquire
up to 40 percent of Bank of San Francisco Company
Holding Company, San Francisco, California. *

Newspaper:

3/02/94

Fed. Reg.:

5/02/94

First Commercial Bank, Taipei, Taiwan, to become
a bank holding company by acquiring FCB Taiwan
California Bank, location to be determined. *

Newspaper:

Not available

Fed. Reg.:

Not available

Section III - Applications Subject to Federal Register Notice Only
BWC Financial Corp., Walnut Creek, California, to
acquire BWC Real Estate Inc., which will in turn
own 51 percent of BWC Mortgage Services, a joint
venture.

Fed. Reg.:

Not available

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

* Subject to CRA.




FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)
Week Ending 4/08/94
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending April 8, 1994. Information about a particular institution's
CRA evaluation may be obtained directly from the institution.
Institution

Location

Examination Date

Rating*

None

♦Under the rating system an institution's CRA performance is assigned one of
the following four ratings:
Outstanding record of meeting community credit needs: An institution has
an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs: An institution has
a satisfactory record of ascertaining and meeting the credit needs of its
entire delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs: An institution
needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities
Substantial noncomoliance in meeting community credit needs: An institution
has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities




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