Full text of H.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received : August 20, 1994

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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H.2, 1994, NO. 34
Actions of the Board, its Staff, and
th.e Federal Reserve Banks;
Applications and Reports Received
During the Week Ending August 20, 1994

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BANK HOLDING COMPANIES
Bank of Montreal, Toronto, Canada -- request for
temporary exemption to retain the U.S. subsidiaries
of Burns Fry Holdings Corporation.
Granted, August 18, 1994.
BankAmerica Corporation, San Francisco, California -request for reconsideration of Boardvs approval of
applications to merge with Continental Bank
Corporation, Chicago, Illinois, and to acquire
Continentalvs banking and nonbanking subsidiaries.
Denied, August 16, 1994.
SunTrust Banks, Inc., Atlanta, Georgia -- to acquire
SunTrust Capital Markets and engage de novo in
underwriting and dealing in certain bank-ineligible
securities on a limited basis, and other
securities-related activities.
Permitted, August 15, 1994.
BANKS. FOREIGN
Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.,
Rabobank Nederland, Utrecht, The Netherlands -- to
establish a representative office in Chicago,
Illinois.
Approved, August 18, 1994.
DISCOUNT RATES

Discount rates -- increase to 4 percent from
3-*'2 percent by the Federal Reserve Banks of
Boston, New York, Richmond, Chicago, St. Louis,
Kansas City, and Dallas, effective August 16, 1994.
Approved, August 16, 1994.
Discount rates -- increase to 4 percent from
3-1/2 percent by the Federal Reserve Banks of
Cleveland and San Francisco, effective August 17,
1994.
Approved, August 17, 1994.

H.2

AUGUST 15, 1994
PAGE 2

AUGUST 19, 1994

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

DISCOUNT RATES
Discount rates -- increase to 4 percent from
3-1/2 percent by the Federal Reserve Banks of
Philadelphia, Atlanta, and Minneapolis, effective
August 18, 1994.
Approved, August 18, 1994.
ENFORCEMENT
Lombard Bank, Ltd., Republic of Vanuatu; Lombard
Credit Corporation, Miami, Florida; and Ruy
Delgado; Alvaro Machado; and Alex Laycayo -issuance of a cease and desist order.
Announced, August 15, 1994.
INTERNATIONAL OPERATIONS
BankAmerica International Finance Corporation, San
Francisco, California -- to make an investment in
Bank of America Malaysia Berhad, Kuala Lumpur,
Malaysia.
Permitted, August 19, 1994.

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

Atlanta

AmSouth Bank, Birmingham, Alabama -- to establish a
branch at 2228 Pelham Parkway, Pelham, Alabama.
Approved, August 19, 1994.

Chicago

Comerica Bank, Detroit, Michigan - - t o establish
branches at 3960 44th Street, S.W., Grandville;
2900 Burlingame, S.W. Wyoming; 1965 Bladwin,
Jenison, and 515 10 Mile Road, N.W., Rockford,
Michigan.
Approved, August 15, 1994.

H .2

AUGUST 15, 1994
PAGE 3

AUGUST 19, 1994

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

BANK BRANCHES. DOMESTIC
Chicago

Grayling State Bank, Grayling, Michigan - - t o
establish a branch at S.E. corner at Main Street
CM-32) and Center Avenue, Gaylord, Michigan.
Approved, August 15, 1994.

Philadelphia

Johnstown Bank and Trust Company, Johnstown,
Pennsylvania - - t o establish a remote service
facility at the Heights Plaza, Natrona Heights,
Harrison Township, Pennsylvania.
Approved, August 15, 1994.

Kansas City

Lafayette State Bank, Lafayette, Colorado -- to
establish a branch at the intersection of Century
Drive and McCaslin Boulevard, Louisville, Colorado.
Approved, August 19, 1994.

Atlanta

Peoples Bank & Trust Company, Selma, Alabama -- to
establish a branch at 801 Alabama Avenue.
Approved, August 19, 1994.

Atlanta

SouthTrust Bank of West Florida, St. Petersburg,
Florida -- to establish a branch at 612 South Dale
Mabry Highway, Tampa, Florida.
Approved, August 19, 1994.

Secretary

West One Bank, Idaho, Boise, Idaho -- to establish an
automatic teller machine facility in Ernst Home
Center, 1545 W. Broadway, Idaho Falls, Idaho.
Approved, August 18, 1994.

Kansas City

WestStar Bank, Tulsa, Oklahoma -- to establish
branches at 2019 East 81st Street, and 3409 South
Peoria.
Approved, August 18, 1994.

BANK HOLDING COMPANIES

Chicago

Castle BancGroup, Inc., DeKalb, Illinois -- to
acquire Northern Illinois Finance Company,
Sandwich, Illinois.
Approved, August 19, 1994.

H.2

AUGUST 15, 1994
PAGE 4

AUGUST 19, 1994

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

BANK HOLDING COMPANIES

Minneapolis

Clarence Talen Charitable Trust, Menomonie, Wisconsin
-- to engage in data processing and management
consulting services through Electronic Strategies,
Inc.
Approved, August 16, 1994.

Minneapolis

Clarence Talen Charitable Trust, Menomonie, Wisconsin
-- to acquire Menomonie Shares, Inc., and First
Bank & Trust.
Approved, August 16, 1994.

Atlanta

CM Bank Holding Company, Lake Charles, Louisiana -to acquire Calcasieu Marine National Bank of Lake
Charles.
Approved, August 19, 1994.

St. Louis

CNB Bancshares, Inc., Evansville, Indiana, proposal
that First Federal Savings Bank of Kentucky,
Madisonville, Kentucky, and Citizens Bank of
Kentucky, N.A., Henderson, Kentucky, merge with
Citizens Bank of Kentucky, Madisonville, Kentucky.
Approved, August 17, 1994.

St. Louis

Commonwealth Bancshares, Inc., Shelbyville,
Kentucky -- to engage in trust company and
investment advisory activities through First
Security Trust Company, Miami, Florida.
Approved, August 17, 1994.

San Francisco

Community Bancshares, Inc., Joseph, Oregon -- to
acquire Bank of Wallowa County.
Approved, August 17, 1994.

Kansas City

DFC Acquisition Corporation Two, Kansas City,
Missouri -- to acquire First American Bancshares,
Inc., Kansas City, Kansas, and by Dickinson
Financial Corporation, Kansas City, Missouri, to
merge with First American Bancshares.
Approved, August 17, 1994.

Chicago

First Ozaukee Capital Corp., Cedarsburg, Wisconsin -to acquire First Ozaukee Savings Bank, and engage
in lending activities.
Approved, August 19, 1994.

H.2
AUGUST 15, 1994
PAGE 5

AUGUST 19, 1994

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

BANK HOLDING COMPANIES

Minneapolis

Froid Bankshares, Inc., Froid, Montana -- to acquire
First State Bank of Froid.
Approved, August 16, 1994.

Chicago

Hawkeye Bancorporation, Des Moines, Iowa -- to engage
) de novo in lending activities, including
certificating or pooling and securitizing
government-guaranteed loans through Hawkeye
Guaranteed Loans, Inc.
Permitted, August 19, 1994.

Dallas

Heights Delaware Financial Corporation, Dover,
Delaware-- to acquire Heights State Bank, Harker
He ights, Texas.
Approved, August 16, 1994.

Dallas

Heritage Delaware Corporation, Dover, Delaware -- to
acquire Pittsburg National Bank, Pittsburg, Texas.
Returned, August 19, 1994.

Dallas

Heritage Delaware Corporation, Dover, Delaware, and
Pittsburg National Bank, Pittsburg, Texas - - t o
acquire the Marshall branch at 400 South Alamo
Boulevard, Marshall, Texas, of Pacific Southwest
Bank, F.S.B., Corpus Christi, Texas.
Returned, August 19, 1994.

Dallas

Heritage Texas Group, Inc., Pittsburg, Texas, and
Pittsburg National Bank -- to acquire the Marshall
branch of Pacific Southwest Bank, F.S.B., Corpus
Christi, Texas, at 400 South Alamo Boulevard,
Marshall, Texas.
Returned, August 19, 1994.

Dallas

Heritage Texas Group, Inc., Employee Stock Ownership
Plan, Pittsburg, Texas -- to acquire the Marshall
branch at 400 South Alamo Boulevard, Marshall,
Texas, of Pacific Southwest Bank, F.S.B., Corpus
Christi, Texas.
Returned, August 19, 1994.

H.2
AUGUST 15, 1994
PAGE 6

AUGUST 19, 1994

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

BANK HOLDING COMPANIES

Dallas

Heritage Texas Group, Inc., ESOP, Pittsburg, Texas -to acquire Heritage Texas Group, Inc.; Heritage
Delaware Corporation, Dover, Delaware, and
Pittsburg National Bank, Pittsburg, Texas.
Returned, August 19, 1994.

Dallas

Heritage Texas Group, Inc., Pittsburg, Texas -- to
acquire Heritage Delaware Corporation, Dover,
Delaware, and Pittsburg National Bank, Pittsburg,
Texas.
Returned, August 19, 1994.

St. Louis

Magna Group, Inc., St. Louis, Missouri -- to acquire
Goreville Bancorporation, Inc., Goreville,
Illinois, and Goreville State Bank.
Approved, August 17, 1994.

Minneapolis

Menomonie Shares, Inc., Menomonie, Wisconsin -- to
engage in data processing and management consulting
services through Electronic Strategies, Inc.
Approved, August 16, 1994.

Secretary

Old National Bancorp, Evansville, Indiana -- to
acquire Indiana State Bank and Trust Company of
Terre Haute, Terre Haute, Indiana.
Approved, August 18, 1994.

Chicago

Republic Bancorp, Inc., Ann Arbor, Michigan -- to
acquire the assets and assume certain specific
liabilities of Home Funding, Inc., Hopewell
Junction, New York.
Approved, August 19, 1994.

Richmond

Sequoia Bancshares, Inc., Bethesda, Maryland -- to
merge Sequoia National Bank, MD, Bethesda,
Maryland, with Sequoia National Bank of Washington,
D.C., Washington, D.C., upon its relocation to
Bethesda, Maryland.
Approved, August 15, 1994.

Minneapolis

Talco, Inc., Menomonie, Wisconsin -- to acquire First
Bank & Trust.
Approved, August 16, 1994.

H.2
AUGUST 15, 1994
PAGE 7

AUGUST 19, 1994

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

BANK HOLDING COMPANIES
Minneapolis

Talco, Inc., Menomonie, Wisconsin -- to engage in
data processing and management consulting services
through Electronic Strategies, Inc.
Approved, August 16, 1994.

Dallas

Texas State Bancshares, Inc., Harker Heights, Texas - to acquire Heights Delaware Financial Corp.,
Dover, Delaware, and Heights State Bank, Harker
Heights, Texas
Approved, August 16, 1994.

Secretary

Trans Financial Bancorp, Inc., Bowling Green,
Kentucky - - t o engage in providing full service
securities brokerage services through General
Service Corporation, Russellville, Kentucky, and
Trans Financial Service Corporation, Tullahoma,
Tennessee.
Approved, August 19, 1994.

Atlanta

Volunteer Bancorp, Inc., Sneedville, Tennessee -request for relief from commitment.
Granted, August 18, 1994.

Minneapolis

Western State Agency, Inc., Devils Lake, North Dakota
-- to acquire Towner Bancorporation, Ltd., Towner,
North Dakota.
Approved, August 18, 1994.

Minneapolis

Western State Agency, Inc., Devils Lake, North Dakota
-- to engage in general insurance agency activities
through McHenry Insurance Agency, Towner, North
Dakota.
Approved, August 18, 1994.

CAPITAL STOCK

Minneapolis

Crookston Financial Services, Inc., Crookston,
Minnesota -- redemption of shares.
Approved, August 15, 1994.

H.2
AUGUST 15, 1994
PAGE 8

AUGUST 19, 1994

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

CHANGE IN BANK CONTROL
Atlanta

Alabama Bancorp, Birmingham, Alabama -- change in
bank control.
Permitted, August 19, 1994.

Atlanta

Big Lake Financial Corporation, Okeechobee, Florida
- change in bank control.
Permitted, August 18, 1994.

Atlanta

Commercial Bancgroup, Inc., Harrogate, Tennessee -change in bank control.
Permitted, August 19, 1994.

Kansas City

Equitable Bankshares of Colorado, Inc., Denver,
Colorado -- change in bank control.
Permitted, August 17, 1994.

Minneapolis

First State Bank of Froid, Froid, Montana -- change
in bank control.
Permitted, August 16, 1994.

Atlanta

Universal Bank, National Association, Columbus,
Georgia -- change in bank control.
Permitted, August 15, 1994.

COMPETITIVE FACTORS REPORTS

Atlanta

AT&T Universal Bancorp, Jacksonville, Florida,
proposed acquisition of assets and assumption of
liabilities of Universal Bank, N.A., Columbus,
Georgia -- report on competitive factors.
Submitted, August 15, 1994.

Kansas City

Bank IV Oklahoma, N.A., Tulsa, Oklahoma, proposed
merger with Security Bank & Trust Co., Blackwell,
Oklahoma -- report on competitive factors.
Submitted, August 18, 1994.

Richmond

Bank of Baltimore, Baltimore, Maryland, proposed
merger with The Bank of Baltimore Interim FSB -report on competitive factors.
Submitted, August 18, 1994.

H .2

AUGUST 15, 1994
PAGE 9

AUGUST 19, 1994

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

COMPETITIVE FACTORS REPORTS

Richmond

Bank of Baltimore Interim FSB, Baltimore, Maryland,
proposed merger with First Fidelity Bank, FSB,
Beltsville, Maryland -- report on competitive
factors.
Submitted, August 18, 1994.

San Francisco

California State Bank, West Covina, California,
proposed merger with Bank of Anaheim, N.A.,
Anaheim, California -- amended report on
competitive factors.
Submitted, August 18, 1994.

Philadelphia

Farmers & Mechanics Savings Bank FSB, Burlington, New
Jersey, proposed purchase of the assets and
assumption of the liabilities of the Willingboro
branch of Bank of Mid Jersey, Bordentown, New
Jersey -- report on competitive factors.
Submitted, August 15, 1994.

Chicago

Farmers & Merchants State Bank, Logansport, Indiana,
proposed merger with Salin Bank, Camden, Indiana -report on competitive factors.
Submitted, August 15, 1994.

Chicago

Farmers Savings Bank, Shelby, Iowa, proposed merger
with Shelby County State Bank, Harlan, Iowa -report on competitive factors.
Submitted, August 17, 1994.

Kansas City

First Bank
proposed
Granada,
Submitted,

Atlanta

First Citizens Bank of Monroe County, Monroeville,
Alabama, proposed merger with First Citizens
Interim Bank -- report on competitive factors.
Submitted, August 19, 1994.

and Trust Company, Holly, Colorado,
merger with The American State Bank,
Colorado -- report on competitive factors.
August 15, 1994.

H.2
AUGUST 15, 1994
PAGE 10

AUGUST 19, 1994

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

COMPETITIVE FACTORS REPORTS

St . Louis

First Security Bank, Searcy, Arkansas, proposed
purchase of assets and assumption of liabilities of
the Searcy and Heber Springs, Arkansas, branches of
Worthen National Bank of Arkansas, Little Rock,
Arkansas -- report on competitive factors.
Submitted, August 16, 1994.

Atlanta

First Union National Bank of Florida, Jacksonville,
Florida, proposed purchase of certain assets and
assumption of deposit liabilities of The Chase
Manhattan Bank of Florida, N.A., Tampa, Florida -report on competitive factors.
Submitted, August 17, 1994.

St. Louis

German American Bank, Jasper, Indiana, proposed
acquisition of certain assets and assumption of
certain liabilities of the Huntingburg, Indiana,
branch of Regional Federal Savings Bank, New
Albany, Indiana -- report on competitive factors.
Submitted, August 16, 1994.

Chicago

Indiana Federal Bank of Savings, Valparaiso, Indiana,
proposed merger with American Bancorp, Inc.,
Hammond, Indiana -- report on competitive factors.
Submitted, August 17, 1994.

Atlanta

Merchants and Farmers Bank, Donaldsonville, Georgia,
proposed merger with M & M Interim Corporation -report on competitive factors.
Submitted, August 19, 1994.

St. Louis

Regional Missouri Bank, Marceline, Missouri, proposed
assumption of liability to pay deposits of the
Brunswick, Memphis, and Salisbury, Missouri, agency
offices of Mercantile Bank of St. Louis, National
Association, St. Louis, Missouri -- report on
competitive factors.
Submitted, August 16, 1994.

H.2
AUGUST 15, 199*4
PAGE 11

AUGUST 19, 1994

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

COMPETITIVE FACTORS REPORTS
Atlanta

SouthTrust Bank of Central Florida, Ocala, Florida -proposed acquisition of the assets and assumption
of the liabilities of the two Gainesville, Florida,
offices of American National Bank of Florida,
Jacksonville, Florida -- report on competitive
factors.
Submitted, August 19, 1994.

Philadelphia

Sovereign Bancorp, Inc., Wyomissing, Pennsylvania -to acquire Charter Federal Savings Bank Bancorp
Inc., Randolph Township, New Jersey, and thereby
acquire and merge Charter Federal Savings Bank with
Sovereign Bank, Federal Savings Bank, Wyomissing,
Pennsylvania -- report on competitive factors.
Submitted, August 15, 1994.

Kansds City

State Bank of Chester, Chester, Nebraska, proposed
merger with Hubbell Bank, Hubbell, Nebraska -report on competitive factors.
Submitted, August 18, 1994.

Dallas

Texas National Bank, Sweetwater, Texas, proposed
purchase of assets and assumption of liabilities of
the Sweetwater branch at 400 East Broadway of
Hamlin National Bank, Hamlin, Texas -- report on
competitive factors.
Submitted, August 15, 1994.

EXTENSIONS OF TIME

St. Louis

Arvest Bank Group, Inc., Bentonville, Arkansas -extension to November 23, 1994, to acquire Arvest
Savings Bank, FSB, Tulsa, Oklahoma.
Granted, August 18, 1994.

H.2
AUGUST 15, 1994
PAGE 12

AUGUST 19, 1994

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

EXTENSIONS OF TIME
Dallas

Summit Bancshares, Inc., Fort Worth, Texas -extension to October 8, 1994, to acquire Fort Worth
Community Development Corp.
Granted, August 19, 1994.

INTERNATIONAL OPERATIONS
Director, BS&R

Coutts & Co. (USA) International, New York, New
York -- amendment to the Articles of Association to
allow branch operations in San Diego, Beverly
Hills, and / or Los Angeles, California.
Approved, August 19, 1994.

REGULATIONS AND POLICIES
Secretary
FOMC

Federal Open Market Committee -- minutes of the
meeting on July 5-6, 1994.
Published, August 19, 1994.

RESERVE BANK SERVICES

Director, FRBO

Federal Reserve Bank of Cleveland - - t o implement
RCPC premium plus deposit programs at the
Cincinnati and Columbus offices; to modify the
deadline and fees for the Pittsburgh office RCPC
premium plus program; and to increase the High
Dollar Group Sort cash letter and per-item fees at
all Fourth District offices.
Approved, August 17, 1994.

H#2.
AUGUST 15, 1994
PAGE 13

ADDITIONS AND CORRECTIONS
TO

AUGUST 19, 1994

ACTIONS TAKEN BY THE BOARD OF GOVERNORS
ENFORCEMENT
BCCI -- Bank of Credit and Commerce American
Holdings, N.V., Netherlands Antilles -- agreement
and order of prohibition against Ali Mohammed A1
Shorafa, a former institution-affiliated party of
Credit and Commerce American Holdings.
Authorized, July 1, 1994.
REGULATIONS AND POLICIES
Capital adequacy -- request for public comment to
amend risk-based capital guidelines for state
member banks and bank holding companies regarding
the treatment of derivative contracts and
recognizing the effects of netting arrangements
(Docket R-0845).
Approved, August 3, 1994.
Disclosure about Derivative Financial Instruments and
Fair Value of Financial Instruments -- letter to
Financial Accounting Standards Board about proposal
for new report.
Approved, June 28, 1994.

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

BANK HOLDING COMPANIES

Chicago

Aicore Financial Inc., Rockford, Illinois -- to
acquire A / R Management, Ltd., Oconomowoc,
Wisconsin.
Permitted, August 12, 1994.

Chicago

Amcore Financial Inc., Rockford, Illinois -- to
acquire Professional American Collections, Inc.,
North Aurora, Illinois.
Permitted, August 12, 1994.

H.2
AUGUST 15, 1994
PAGE 14

ADDITIONS AND CORRECTIONS
TO

AUGUST 19, 1994

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

CURRENCY

Director, FRBO

Federal Reserve notes -- printing order for fiscal
year 1995.
Approved, August 8, 1994.

FEDERAL RESERVE BANK OF BOSTON APPLICATIONS

Application

SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Comment Period Ending Date
NONE

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
Comment Period Ending Date
Home Port Bancorp, Inc.,
Nantucket, Massachusetts Change in Control
notification filed by
Karl L. Meyer to acquire
up to 13.85% of Home Port*
Campello Bancorp, Brockton,
Massachusetts - 3(a)(l)
application to become a bank
holding company through the
acquisition of The Community
Bank, Brockton, Massachusett

Application

Newspaper

Not Yet Established

Federal Register

Newspaper

09-08-94

09-12-94

Federal Register

09-15-94

SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Comment Period Ending Date

Fleet Financial Group, Inc.,
Federal Register
Providence, Rhode Island,
Not Yet Established
BayBanks, Inc., Boston,
Massachusetts, Shawmut
National Corporation,
Hartford, Connecticut,
Bank of Boston Corporation,
Boston, Massachusetts and
6' Second District bank holding
companies and 1 Third District
bank holding company - 4 ( c ) (8)
application to engage in data
processing and data transmission
services through the joint
ownership of Infinet Payment
Services, Inc., the entity which
would result from the proposed
merger of the NYCE and Yankee 24
ATM networks
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.

Federal Reserve Bank of New York
Comment Period
Ending- Date
SECTION I
Applications Subject to Newspaper
___________Notice Only__________
United Jersey Bank, Hackensack, New Jersey to establish four
offsite electronic facilities at Newark International Airport,
Terminal A and Terminal B, at each of the upper and lower
levels, Newark, New Jersey.1/
3/10/94
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
Banco Santander S.A. Santander, Spain, to engage de novo
through its subsidiary, Santander Investment Securities,
Inc., New York, New York in providing investment and
financial advisory services and in securities brokerage
activities.

8/31/94

SECTION IV
Applications Not Involving
______Public Comment______
None.
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 August 20, 1994
NAME OF BANK

RATING

EXAMINATION DATE

None.
1/
2/
3/

Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Recrister notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Recrister 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
Berks Countv Bank, Reading, Pennsylvania requests approval to establish a branch office
to be located at the Northeast corner of Wilson and High Streets in the Borough of
Pottstown, Montgomery County, Pennsylvania, pursuant to Section 9 of the Federal
Reserve Act. Expedited branch procedures.
Newspaper comment period expires:
9/11/94
Meridian Bank. Reading, Pennsylvania requests approval to establish a branch office at
the 29th and North Church Street Office Complex, Hazleton, Pennsylvania, pursuant to
Section 9 of the Federal Reserve Act. Expedited branch procedures.
Newspaper comment period expires:
8/29/94
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
None
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
First Fidelity Bancorporation, Newark, New Jersey to engage in data processing
activities as a result of its pending acquisition of 8.021% of the Class B Common Stock
of InfiNet Payment Services, Hackensack, New Jersey, pursuant to Section 4(c)(8) of the
Bank Holding Company Act and Section 225.25(b)(7) of Regulation Y.
Fed. Reg. comment period expires:
N. Avail (*Not yet published)
First Fidelity Bancorporation, Lawrencevilie, New Jersey, to acquire Baltimore Bancorp,
Baltimore, Maryland, a savings and loan holding company, (and indirectly to acquire its
subsidiary, The Bank of Baltimore Interim Federal Savings Bank), pursuant to Section
4(c)(8) of the BHCA and Section 225.25(b)(9) of Regulation Y.
Fed. Reg. comment period expires:
N. Avail
First
Fidelity Bancorporation, Lawrencevilie,
New Jersey, to acquire Atlantic
Independent Insurance Agency, Inc., Bel Air, MD, and thereby act as insurance agent for
various insurance products for consumer and commercial customers of the bank, pursuant
to Section 4(c)(8) of the BHCA and Section §225.25(b)(8) of Regulation Y.
Fed. Reg. comment period -v.roires:
N. Avail
Baltimore Bancorp, Baltimore, Maryland, to acquire The Bank of Baltimore Interim
Federal Savings Bank, Baltimore, Maryland, pursuant to Section 4(c)(8) of the BHC Act
and Section 225.25(b)(9) of Regulation Y.
Fed. Reg. comment period expires:
N. Avail
First Fidelity Bancorporation, Lawrencevilie,
New Jersey, to acquire Atlantic
Residential Mortgage Corporation, Baltimore, MD, and thereby engage in originating,
purchasing, packaging, selling and servicing residential mortgage loans for the
secondary market, itself and the bank and provide fully secured financing to other
mortgage banking companies to assist them in the acquisition of servicing rights in
residential mortgages, pursuant to Section 4(c)(8) of the BHCA and Section 225.25(b)(1)
of Regulation Y.
Fed. Reg, comment period expires:
N. Avail
First Fidelity Bancorporation. Lawrenceville, New Jersey, to acquire Baltimore Bancorp
Investment Services, Inc., Baltimore, MD, and thereby act as a discount broker,
pursuant to Section 4(c)(8) of the BHCA and Sections 225.25(b)(15) and (b)(16).
Fed. Reg. Comment period expires:
N. Avail
First Fidelity Bancorporation , Lawrenceville, New Jersey, to acquire Baltimore Bancorp
Leasing & Financial, Inc., Baltimore, MD, and thereby act as an equipment finance and
leasing company, pursuant to Section 4(c)(8) of the BHCA and Sections 225.25(b)(1)and
(b)(5) of Regulation Y.
N. Avail
Fed. Reg. comment period expires:

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OF NEWSPAPER NOTICE
None
1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.

FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following institutions were examined for CRA. The 30-business day period the bank
has to make the evaluation public has lapsed during the week ending August 19, 1994.

Identification of Ratings
In connection with the assessment of each insured depository
performance, a rating is assigned from the following groups:

institution's

CRA

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

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

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

Examination Date

CRA Rating

Johnstown Bank & Trust Co
4/04/94
532-34 Main Street
Johnstown, PA., 8901
(♦correction on city from mini H2 on 8/8/94)

Satisfactory

First Bank of Philadelphia
1401 Walnut Street
Philadelphia, PA., 19102

Satisfactory

4/11/94

F ed er a l R eserv e B ank
o f C leveland
P. 0. B O X 6387
C LE V E L A N D , OHIO 4 4 1 0 1 -1 3 8 7

APPLICATIONS BULLETIN
(For the week ending August 20, 1994)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Received expedited notice from The Ohio Bank,
Findlay, Ohio, on July 29, 1994, of its intent
to establish a branch facility at Fishinger Boulevard
and Mill Run Drive, Columbus, Ohio.

*Not Yet Known#

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3(a)(1) application from Gillmor
Financial Services, Inc., Old Fort, Ohio, on July 27, 1994,
to acquire Old Fort Banking Company, Old Fort, Ohio.

*Not Yet Known#

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Received Section 4(c)(8) applications from Banc One,
Corporation, Columbus, Ohio; KeyCorp, Cleveland, Ohio;
National City Corporation, Cleveland, Ohio; PNC Bank
Corp., Pittsburgh, Pennsylvania; and Mellon Bank
Corporation, Pittsburgh, Pennsylvania, on June 23, 1994,
of their intent to acquire equal 16.67 percent share
interests in Electronic Payment Services, Inc.,
Wilmington, Delaware.

Not Yet Known

Received Section 4(c)(8) application from Gilmor
Financial Services, Inc., Old Fort, Ohio, to acquire
Old Fort Real Estate Company, Old Fort, Ohio.

Not Yet Known#

Received Section 4(c)(8) application from Huntington
Bancshares Incorporated, Columbus, Ohio, on August 15,
1994, to acquire First Federal Bank for Savings
of Northern Kentucky, Inc., Covington, Kentucky.

*Not Yet Known#

* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to end approximately 30 days from date of application’s receipt
## - Expected to end approximatley 18 days from date of application’s receipt

F ed era l R eserv e B ank
o f C le v e la n d
P. O. B O X 6387
C LE V EL A N D , OHIO 4 4 1 0 1 -1 3 8 7

a p p l ic a t io n s b u l l e t in

(For the week ending August 20, 1994)
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
NONE*

AVAILABILITY OF CRA PUBLIC EVALUATIONS
(August 19, 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 August 19, 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 low- and
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 moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
SUBSTANTIAL NON COMPLIANCE: a bank in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
The Citizens Savings Bank Co.
P. O. Box D
Pemberville, Ohio 43450
(419) 287-3211
Rating: Satisfactory
Exam Date: May 16, 1994

Federal Reserve Bank of Richmond
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
Application

Comment Period Ending Date

First Virginia Banks, Inc., Falls
Church, Virginia, to merge with
Farmers National Bancorp, Annapolis,
Maryland.*

Not yet available.

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

City Holding Company, Charleston, West
Virginia, to engage de novo in making,
acquiring or servicing loans or other
extension of credit for its own account
or for the account of others.

9-8-94**

First United Bancorporation, Anderson,
South Carolina, to engage in tax
preparation services through the
establishment of Quick Tax Refund, Inc.

9-12-94**

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

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

Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending August 19, 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

Bank of Northumberland, Incorporated
Route 360
Heathsville, Virginia 22473

5-31-94

Satisfactory

F & M Bank-Central Virginia
120 Seminole Court
Charlottesville, Virginia 22901

5-31-94

Satisfactory

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending August 19. 1994
Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

Havana State Bank
Not yet available*
Havana, Florida
To
merge with Capital City First National Bank, Tallahassee,
Florida, pursuant to Section 18(c) of the Federal Deposit Insurance
Act.
Havana State Bank
Not yet available*
Havana, Florida
To
merge with Capital City Second National Bank, Tallahassee,
Florida, pursuant to Section 18(c) of the Federal Deposit Insurance
Act.
Havana State Bank
Not yet available*
Havana, Florida
To
merge with Industrial National Bank, Tallahassee, Florida,
pursuant to Section 18(c) of the Federal Deposit Insurance Act.
Havana State Bank
Not yet available*
Havana, Florida
To merge with City National Bank, Tallahassee, Florida, pursuant to
Section 18(c) of the Federal Deposit Insurance Act.
Havana State Bank
Not yet available*
Havana, Florida
To merge with First National Bank of Jefferson County, Monticello,
Florida, pursuant to Section 18(c) of the Federal Deposit Insurance
Act.
Havana State Bank
Not yet available*
Havana, Florida
To merge with Gadsden National Bank, Quincy, Florida, pursuant to
Section 18(c) of the Federal Deposit Insurance Act.
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

American Bankshares, Inc.
Not yet available*
Marietta, Georgia
Change in control by Lynda C. Thompson, to acquire personally 1.51
percent with total ownership to equal 5.95 percent and to acquire
as trustee of Bancshares' ESOP 3.14 percent with total ownership to
equal 5.66 percent.
Combined ownership will equal 11.61 percent.

♦Subject to provisions of the Community Reinvestment Act.

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending August 19. 1994
Section 3 - Applications Subject to Federal Register OnlyApplication

Comment Period Ending Date

None.
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Southern Security Bank Corporation
Deerfield Beach, Florida
Commitment waiver request.*

*Subject to provisions of the Community Reinvestment Act.

Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending August 19. 1994
Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions
listed below became available during this week.
Information about
an institution's CRA evaluation may be obtained directly from the
institution. In connection with the assessment of an institution's
CRA performance, a rating is assigned from the following groups:

Outstanding record
of meeting community credit
needs:
An
institution has an
outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit
needs:
An
institution has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community,
including low- andmoderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs:
An
institution needs to improve its overall record of ascertaining and
helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs:
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Examination
Bank
None.

Rating

Date

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

Type

Application

Oakar

Firstbank Corporation
Alma, Michigan
St. Charles Branch of Standard
Federal Bank, F .S .B .
Troy, Michigan

N - **

Oakar

Associated Banc-Corp.
Green Bay, Wisconsin
North Shore Bank, F.S.B.
Brookfield, Wisconsin

N - **

Merger

First Bank North
Freeport, Illinois
DeKalb, Illinois branch of
Home Federal Savings & Loan Association
Elgin, Illinois

Branch

Millbrook-Newark Bank
Newark, Illinois
Fox River Road and Whitfield Road
Millbrook, Illinois

N - **

- **

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

30aas

Application

Y-2

F & M Bancorporation, Inc.
Kaukauna, Wisconsin
Union State Bank
Wautoma, Wisconsin*

FR - 8-12-94
NP - 8-15-94

Y-2

Greatbanc, Inc.
Aurora, Illinois
Greatbank
Algonquin, Illinois*

FR - 8-18-94
NP - **

CoC

Worthington Bancorporation
Worthington, Iowa
Joseph Daly, Nancy Dunkel,
Donald Kout, Donald Schrage & Wilma Bunn

FR - 8-17-94
N
- 8-23-94

Y-l

Village Investment Company
Libertyville, Iowa
Libertyville Savings Bank
Libertyville, Iowa*

FR - 8-18-94
N
- 8-15-94

CoC- HC

North Linn Corporation
Coggon, Iowa
by Rufus Sisler

FR - 8-17-94
N
- 8-20-94

Y-l

Vincent Bancorporation
Vincent, Iowa
Farmers Savings Bank
Vincent, Iowa*

FR - 9-16-94
NP - **

Y-2

Country Bank Shares Corporation
Mount Horeb, Wisconsin
Belleville Bancshares Corporation
Belleville, Wisconsin
Belleville State Bank
Belleville, Wisconsin*

FR - 8-22-94
NP - 8-17-94

Y-2

Ames National Corporation
A m e s , Iowa
Randall-Story Bancshares,
Story City, Iowa
Randall-Story State Bank
Story City, Iowa*

FR - 9-1-94
NP - 8-12-94

CoC- HC

North Linn Corporation
Coggon, Iowa
by Serge Sisler

Inc.

FR - **
NP

- **

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

Type

Application

CoC

Lena Bancorp, Inc.
Lena, Illinois
by John Bollman

FR - 8-23-94
N - 8-10-94

Y-2

Associated Banc-Corp.
Green Bay, Wisconsin
Spencer Bancorporation, Inc.
Spencer, Wisconsin
Spencer State Bank
Spencer, Wisconsin*

FR - 8-29-94
N - 8-27-94

Y-l

St. Francis Capital Corporation
Milwaukee, Wisconsin
Valley Bank, East Central
Kewaskum, Wisconsin*

FR - 9-2-94
N - 7-4-94

Y-l

West Town Bancorp, Inc.
Cicero, Illinois
West Town Savings Bank
Cicero, Illinois*

FR - 9-6-94
N - **

Y-2

Citizens Central Bancorp, Inc.
Macomb, Illinois
Roseville State Bank
Roseville, Illinois*

FR - 9-5-94
N - **

CoC-HC

Charter National Bancorp, Inc.
Taylor, Michigan
Robert M. Taylor

FR - 9-1-94
N - 8-18-94

Y-l

MBT Corp.
Forest City, Iowa
Manufacturers Bank & Trust Company
Forest City, Iowa*

FR - 9-8-94
N - **

Y-l

Maddox Financial, Inc.
Hartford City, Indiana
City Savings Bank
Hartford City, Indiana*

FR - **
N - **

Y-2

Town Financial Corporation
Hartford City, Indiana
Maddox Financial, Inc.
Hartford City, Indiana
City Savings Bank
Hartford City, Indiana*

FR
N

**
**

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

Type,

Application

4(c) (8)

MBT Bancorp
West Harrison, Indiana
Whitewater Agency, Inc.
West Harrison, Indiana

FR - 8-15-94

Y-4

Republic Bancorp, Inc.
Owosso, Michigan
Home Funding, In c .
Hopewell Junction, New York

FR - 8-16-94

4(c) (8)

Ambank Company, Inc.
Sioux Center, Iowa
Continue to engage in its insurance
agency activities

N - 9-1-94

4(c) (8)

Alpha Financial Group, Inc.
Minonk, Illinois
CDC--River Valley Community Development
Corporation
Springfield, Illinois

FR - 8-26-94

4 (c) (8)

St. Francis Capital Corporation
Milwaukee, Wisconsin
Engage in making and servicing of loans

FR - 9-2-94

Y-4

St. Francis Capital Corporation
Milwaukee, Wisconsin
St. Francis Bank, F.S.B.
Milwaukee, Wisconsin

FR - 9-2-94

Y-4

St. Francis Capital Corporation
Milwaukee, Wisconsin
St. Francis Equity Properties,
Milwaukee, Wisconsin

FR - 9-2-94

4 (c)(8)

Inc.

West Town Bancorp, Inc.
FR - 9-6-94
Cicero, Illinois
Engage de novo in making and servicing of loans

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

Application
None

N
FR
*
**

Newspaper
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 30business day period the bank has to make the evaluation public has
lapsed during the week ending August 19, 1994.
If you are
interested in obtaining a copy of the evaluation document, please
contact the bank(s) directly.
Identification of Ratings
0 -

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 moderateincome
neighborhoods,
in
a manner
consistent
with its
resources and capabilities.

NI - An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome
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 moderateincome
neighborhoods,
in
a manner
consistent
with its
resources and capabilities.
BANK NAME/LOCATION
-Farmers State Bank
309 South Prairie
Brookston, Indiana
(317)
563-3135

EXAMINATION DATE

RATINGS

47923
5/16/94

-Security Savings Bank
320 Garfield
Farnhamville, Iowa
50538
(515)
544-3281

5/23/94

-Huron Community Bank
301 North Newman
East Tawas, Michigan 48730-1213
(517)
362-6103

5/23/94

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING AUGUST 19, 1994

Application

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
End of Comment Period

•^Section 9 application by Effingham
State Bank, Effingham, Illinois, to
establish a branch office in Altamont,
Illinois.

Application

Newspaper:

9/16/94

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
End of Comment Period

^Section 3(a)(1) application by Arkansas
Banking Company, Jonesboro, Arkansas, to
become a bank holding company through the
acquisition of 98.01 percent of the voting
shares of The Arkansas Bank-Jonesboro,
Jonesboro, Arkansas; 89.065 percent of the
voting shares of The Arkansas Bank-Walnut
Ridge, Walnut Ridge, Arkansas; and 87.59
percent of the voting shares of The
Planters Bank-Osceola, Osceola, Arkansas.

Newspaper:

9/9/94

^Section 3(a)(3) application by Union
Planters Corporation, Memphis, Tennessee,
to acquire 100 percent of the voting
shares of Grenada Sunburst System
Corporation, Grenada, Mississippi.

Newspaper:

9/16/94

Change in Control Notification filed by
Stewart M. Brumfield (individually)f
Stewart M. Brumfield (as trustee for the
Valley Bank Employee Stock Ownership
Plan), and Doris Brumfield, involving
Valley Capital Corp., Rosedale,
Mississippi.

Not yet avail, ble.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
Section 4(c)(8) application by Union
Planters Corporation, Memphis, Tennessee,
to acquire 100 percent of the voting
shares of Sunburst Financial Group, Inc.,
Grenada, Mississippi.

Not yet available.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
None.
This application is subject to CRA.

F E D E R A L R E S E R V E B A N K O F ST . L O U IS
St. Louis, Missouri

AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record o f meeting community credit needs
An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and moderate- income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record 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
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
manner consistent with its resources and capabilities.

FOR THE WEEK ENDING

Name of Bank
Teutopolis State Bank

August 12, 1994

Bank Address
P. 0. Box 242
Teutopolis, Illinois

Examination
Date
5-09-94

Examination
Rating
Satisfactory

62467
1
i

ii
____________________________ ii

F E D E R A L R E S E R V E B A N K O F ST . L O U IS
St. Louis, Missouri

AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs of its entire delineated community, including low - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record o f meeting community credit needs
An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and moderate- income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record 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.

FOR THE WEEK ENDING

Name o f Bank
None

August 19, 1994

Bank Address

Examination
Date

Examination
Rating

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date

Application

NONE.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date

Application
John Wisniewski
To acquire 32.45% of the voting
shares of Minnesota Valley Financial
Services, Inc., St. Paul, MN*

9-12-94
(Federal Register)

Security Richland Bancorporation
Miles City, MT
To acquire 100% of the voting
shares of Hansen-Lawrence Agency,
Inc., Worden, MT*

Not yet available

^Subject to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Application

Comment Period
Ending Date

Norwest Corporation
Minneapolis, MN
To acquire the mortgage
servicing rights of Michigan
National Bank, N.A., Southfield,
MI, and its wholly-owned
subsidiary, Independence One
Mortgage Corporation,
Southfield, MI

9-16-94

Security Richland Bancorporation
Miles City, MT
To engage in general insurance
agency activities through the
acquisition of Hansen-Lawrence
Agency, Inc., Worden, MT

Not yet available

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Application (Continued)
Norwest Corporation
Minneapolis, MN
To engage in mortgage lending
activities through the acquisition
of Carlson Mortgage Company,
Wakefield, MA, a joint venture with
Eastern Massachusetts Real Estate,
Inc.

Comment Period
Ending Date
Not yet available

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Minnesota Valley Financial
Services, Inc., St. Paul, MN
to redeem 24.50% of its voting
stock

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending August 19, 1994
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA
performance, a rating is assigned from the following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low-and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
BANK(S) EXAMINED

DATE OF EXAMINATION

CRA RATING

Yellowstone Bank,
Absarokee, Montana
P.0. Box 10
Absarokee, MT 59001
(406) 328-4179

May 16, 1994

Satisfactory

Federal Reserve Bank of Kansas City

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

Oregon Trail Bank, Guernsey, Wyoming,
for prior approval to become a member
of the Federal Reserve System.

Not Available

Barton County State Bank, Lamar,
Missouri, for prior approval to merge
with Citizens State Bank of Nevada,
Nevada, Missouri.

Not Available

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

COMMENT PERIOD ENDING DATE

Tongue River Valley Bancshares,
Ranchester, Wyoming, for prior
approval to become a bank holding
company through the acquisition of
100 percent of the voting shares of
Ranchester State Bank, Ranchester,
W y o m i n g .*

Not Available

First Summerfield Corporation,
Summerfield, Kansas, for prior
approval to become a bank holding
company through the acquisition of
90.40 percent of the voting shares of
The First National Bank of
Summerfield, Summerfield, Kansas.*

September 16, 1994

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION
Capital City Bancshares, Inc.,
Topeka, Kansas, for prior approval to
assume the liabilities of two
branches of Household Bank, F.S.B.,
Overland Park, Kansas.

COMMENT PERIOD ENDING DATE
Not Available

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

Federal Reserve Bank of Kansas City

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:

Outstanding record of meeting community credit needs
An institution in this group has an outstanding record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and 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.

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

Exam Date

CRA Public
Date

CRA
Rating

The Colorado Bank & Trust
05-02-94
P.O. Box 499
La Junta, Colorado 81050-0499

08-08-94

Outstanding

The Farmers Bank of Lincoln
05-02-94
P.O. Box 250
Lincoln, Missouri
65338-0025

08-08-94

Outstanding

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

08-08-94

Needs to Imp

05-02-94

Federal Reserve Bank of Kansas City

First Security Bank
05-02-94
P.O. Box 127
Mitchell, Nebraska
69357-0127 *

*Application is subject to CRA.

08-08-94

Outstanding

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF AUGUST 15, 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION

NOTICE EXP

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

** NOTICE EXP

♦Section 3(a)(1) application by
Pioneer Bankshares, Inc., Fredericksburg, TX, to acquire
Pioneer II Bankshares, Inc., Dover, DE, and Pioneer National
Bank, Fredericksburg, TX
(Previously reported during the week of 8-1-94)
♦Section 3(a)(1) application by
Pioneer II Bankshares, Inc., Dover, DE. to acquire
Pioneer National Bank, Fredericksburg, TX
(Previously reported during the week of 8-1-94)
♦Section 3(a)(5) application by
Inwood Bancshares, Inc., Dallas, TX, to acquire
Heritage Bankshares, Inc., Dallas, TX
(Previously reported during the week of 7-11-94)
♦Section 3(a)(3) application by
Freeman Bancstock Investments, Irving, TX, to
acquire Heritage Bankshares, Inc., Dallas, TX, and
Turtle Creek National Bank, Dallas, TX
(Previously reported during the week of 7-11-94)
Change in Control Notice by
Michael Evans Montgomery, Dallas, TX, to acquire an
interest in Metroplex Bancshares, Inc., Dallas, TX
(Previously reported during the week of 6-20-94)

94/08/29

94/09/14

94/08/18

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

NOTICE EXP

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 AUGUST 15. 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

Security Bank
901 Main
P. 0. Box AA
Ralls, TX 79357-0800

94/05/09

CRA Rating

Outstanding

FEDERAL RESERVE BANK OF SAN FRANCISCO

Week ending 8/19/94
Section I - Applications Subject to Newspaper Notice Only
A d d !ication

Comment Period Ending Date

West One Bank, Idaho, Boise, Idaho, to establish
an automatic teller machine at the Twin Falls,
Idaho County Fair, Main and Fair Avenues, Filer,
Idaho. *

Newspaper:

8/23/94

West One Bank, Idaho, Boise, Idaho, to establish
a branch office at Albertson's Supermarket, 20 East
Fairview Avenue, Meridian, Idaho. *

Newspaper:

8/30/94

American Pacific State Bank, Sherman Oaks,
California, to establish a branch office at
23238 Valencia Boulevard, Valencia, California. *

Newspaper:

8/20/94

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
West Coast Bancorp, Newport Beach, California, to
acquire approximately 17.7 percent of the outstand
ing common stock of Business Professional Bank,
Woodland, California. *

Newspaper:

Not available

Fed. Rea.:

9/12/94

Investors Banking Corporation, Salem, Oregon,
to acquire BKLA Bancorp, West Hollywood,
California. *

Newspaper:

Not available

Fed. Rea.:

9/16/94

Section III - Applications Subject to Federal Register Notice Only
Banque Nationale de Paris, Paris, France, to
engage through a newly formed subsidiary,
BNP/Cooper Neff, Inc., Radnor, Pennsylvania,
in permissible nonbanking activities following
its acquisition of substantially all of the assets
and certain of the liabilities of Mitsui T & B
Options, Inc., New York, New York.

Fed. Reg.:

Not yet published

Banque Nationale de Paris, Paris, France, to
engage in permissible nonbanking activities
through BNP Futures, Inc., upon the acquisition
of 100 percent of the voting stock of Mitsui
T & B Futures, Inc., New York, New York.

Fed. Reg.:

Not yet published

Cupertino National Bancorp, Cupertino, California,
to engage in credit extending activities by
purchasing loan participations from its subsidiary,
Cupertino National Bank, Cupertino, California.

Fed. Reg.:

9/14/94

* Subject to CRA.

FEDERAL RESERVE BANK OF SAN FRANCISCO ( c o n t 'd .)

Week Ending 8/19/94
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending August 19, 1994. Information about a particular institution's
CRA evaluation may be obtained directly from the institution.
Institution

Location

Examination Date

Rating*

None

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

Full text of H.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received : August 20, 1994

FRASER