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ANNOUNCEMENT ResEARCHLIPIU aw BOARD OF GOVERNORS r . OF THE w lij FEDERAL RESERVE SYSTE££0r„ H * 2 ' 1992 ' N ° * 35 fMotions of the Board, its Staff, and the Federal Reserve Banks; d Vi ay^©Plications and Reports Received DtfrafigSlhe Week Ending August 29, 1992 OF ACTIONS TAKEN BY THE BOARD OF GOVERNORS ENFORCEMENT BCCI Holdings (Luxembourg) S.A., Luxembourg, Bank of Credit and Commerce International S.A.; Bank of Credit and Commerce International (Overseas) Limited, George Town, Cayman Islands; and International Credit and Investment Company (Overseas) Limited — order of assessment of a civil money penalty. Announced, August 25, 1992. Dresdner Bank, New York, New York — order of prohibition against Claudia Zeisberger. Announced, August 25, 1992. Marshall County Bankshares, Inc., Beattie, Kansas — * cease and desist order against MCB and Edwin L. Nutt. Announced, August 26, 1992. Thirty Second Avenue Corporation, Wheat Ridge, Colorado — cease and desist order. Announced, August 25, 1992. REGULATIONS AND POLICIES Regulation D — elimination of requirement that state member banks obtain BoardTs approval before issuing subordinated debt in order to treat debt as capital; technical amendments to Regulation D and the Rules Regarding Delegation of Authority (Docket R-0774) . Approved, August 25, 1992. Regulations H and Y — interpretation concerning criteria that subordinated debt and mandatory convertible debt must meet to be included in capital (Docket R-0774). Approved, August 25, 1992. H .2 AUGUST 24, PAGE 2 1992 TO AUGUST 28, 1992 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 Commercial State Bank of Orlando, Orlando, Florida — to establish a branch at 7506 Aloma Avenue, Winter Park, Florida, and a branch at 1222 East Vine Street, Kissimmee, Florida. Approved, August 27, 1992. Chicago First of America Bank - West Michigan, Grand Rapids, Michigan — to establish a branch at the southwest corner of the intersection of Kalamazoo Avenue and 60th Street, Gaines Township, Michigan. Approved, August 26, 1992. Boston Fleet Bank - NH, Nashua, New Hampshire — to establish a branch at the Wilbur H. Palmer Vocational-Technical Center, Alvirne High School, Hudson, New Hampshire. Approved, August 27, 1992. Boston Fleet Bank - NH, Nashua, New Hampshire — to establish a branch at the Rockingham Park Mall, 99 Rockingham Boulevard, Salem, New Hampshire. Approved, August 27, 1992. Boston Fleet Bank - NH, Nashua, New Hampshire — to establish a branch at 46 River Road, Bedford, New Hampshire. Approved, August 27, 1992. Kansas City Frontier Bank of Laramie County, Cheyenne, Wyoming — to establish an automated teller machine in the ButtreyTs Food-Drug Store, 5800 Yellowstone Road, Cheyenne, Wyoming. Approved, August 24, 1992. New York Gateway State Bank, Staten Island, New York — to open a branch at 1874 86th Street, Brooklyn, New York. Withdrawn, August 26, 1992. H .2 AUGUST 24, PAGE 3 1992 TO AUGUST 28, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Chicago Old Kent Bank, Elmhurst, Illinois — to establish two offsite electronic facilities at 3333 Beverly Road, Hoffman Estates, Illinois. Approved, August 28, 1992. Chicago Old Kent Bank and Trust Company, Grand Rapids, Michigan — to establish a branch at 1546 Sherman Street, Grand Rapids, Michigan. Approved, August 28, 1992. Richmond Peninsula Trust Bank, Incorporated, Gloucester, Virginia — to establish a branch at 1031 Richmond Road, Williamsburg, Virginia. Approved, August 27, 1992. BANK HOLDING COMPANIES Chicago ANB Corporation, Muncie, Indiana — proposal that American National Bank and Trust Company of Muncie, Muncie, Indiana, merge with Muncie Federal Savings Bank. Approved, August 24, 1992. Chicago Cascade Bancor I, Inc., Cascade, Wisconsin -- to acquire Cascade Bancorporation, Inc., Altoona, Iowa, and State Bank of Cascade. Returned, August 25, 1992. Philadelphia CCNB Corporation, Camp Hill, Pennsylvania -- proposal that Parent Federal Savings Bank, Lancaster, Pennsylvania, merge with CCNB Bank, Camp Hill, Pennsylvania. Approved, August 28, 1992. St. Louis Citizens National Bancorp, Inc., Springfield, Missouri — to acquire Citizens National Bancshares, Inc. Approved, August 28, 1992. Atlanta CNB, Inc., Lake City, Florida — to acquire the Macclenny, Florida, branch of Anchor Savings Bank, FSB, Hewlett, New York, and merge it into Community National Bank, Lake City, Florida. Approved, August 26, 1992. H .2 AUGUST 24, PAGE 4 1992 TO AUGUST 28, 1992 A CTIO NS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Richmond Constellation Holdings, Inc., Baltimore, Maryland — deregistration statement. Approved, August 28, 1992. Chicago Farmers & Merchants Bancshares, Inc., Burlington, Iowa — to acquire Farmers & Merchants Bank & Trust. Returned, August 25, 1992. Chicago First State Bancorp of Princeton, Illinois, Inc., Princeton, Illinois — to acquire Ashton Bancorporation, Inc., Ashton, Illinois, and Ashton Bank and Trust Company. Approved, August 24, 1992. Atlanta Jefferson Bancorp, Inc., Miami Beach, Florida — engage de novo in making and servicing loans through Jefferson Capital Corporation. Permitted, August 27, 1992. Chicago North Bank Corporation, Hale, Michigan — to acquire Farmers & Merchants State Bank of Hale, Hale, Michigan. Approved, August 26, 1992. Minneapolis Norwest Corporation, Minneapolis, Minnesota — to acquire United Bancshares, Inc., Lincoln, Nebraska Approved, August 28, 1992. Minneapolis Norwest Corporation, Minneapolis, Minnesota — to engage in consumer lending activities through Vistar Financial, Inc., Lincoln, Nebraska. Approved, August 28, 1992. to H .2 AUGUST 2 4 , PAGE 5 1992 TO AUGUST 28, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Old Kent Financial Corporation, Grand Rapids, Michigan, and Old Kent Bank and Trust Company — to purchase certain assets and assume certain liabilities from Great Lakes Bancorp, F.S.B., Ann Arbor, Michigan, and acquire the following branches: 303 Abbot Road, East Lansing; 6334 West Saginaw Street,, Lansing; 4990 March Road, Okemos; 201 South Washington Square, Lansing; and 2380 North Cedar, Suite 2, Holt, Michigan. Approved, August 28, 1992. Kansas City P.N.B. Financial Corporation, Kingfisher, Oklahoma — to acquire Helena Bancshares, Inc., Helena, Oklahoma. Approved, August 26, 1992. Cleveland PNC Financial Corporation, Pittsburgh, Pennsylvania, and PNC Bancorp, Inc., Wilmington, Delaware — to acquire CCNB Corporation, Camp Hill Pennsylvania. Approved, August 28, 1992. Secretary Saratoga Bancorp, Saratoga, California — in lending activities. Approved, August 28, 1992. Director, BS&R SBM Company, New Ulm, Montana — registration. Withdrawn, August 28, 1992. Chicago Security Chicago Corp., Chicago, Illinois — to acquire Ashton Bancorporation, Inc., Ashton, Illinois, and Ashton Bank and Trust Company. Approved, August 24, 1992. Director, BS&R SouthTrust Corporation, Birmingham, Alabama — proposal that SouthTrust Bank of Raleigh, N.A., Raleigh, North Carolina, acquire certain assets and assume certain liabilities of the Raleigh and Cary, North Carolina, branches of Citizens Savings Bank, Rocky Mount, North Carolina. Approved, August 27, 1992. to engage transfer agent H .2 AUGUST 24, PAGE 6 1992 TO AUGUST 28, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta United Community Banks, Inc., Blairsville, Georgia — to acquire Mountain Bank of Georgia, Hiawassee, Georgia. Approved, August 28, 1992. BANK MERGERS Atlanta Mountain Interim Corporation, Blairsville, Georgia — to merge with Mountain Bank of Georgia, Hiawassee, Georgia. Approved, August 28, 1992. BANK PREMISES St. Louis Bank of Gainesville, Gainesville, Missouri — investment in bank premises. Approved, August 27, 1992. Richmond Citizens Bank and Trust Company, Blackstone, Virginia — investment in bank premises. Approved, August 24, 1992. S t . Louis Elliott State Bank, Jacksonville, Illinois — investment in bank premises. Approved, August 28, 1992. Chicago First of America Bank - West Michigan, Grand Rapids, Michigan — investment in bank premises. Approved, August 26, 1992. Kansas City Midland Bank of Lenexa, Lenexa, Kansas — in bank premises. Approved, August 26, 1992. S t . Louis NationsBank of Kentucky, Hopkinsville, Kentucky — investment in bank premises. Approved, August 28, 1992. Richmond Old Kent Bank, Elmhurst, Illinois — bank premises. Approved, August 28, 1992. investment investment in H.2 AUGUST 24, PAGE 7 1992 TO AUGUST 28, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Chicago Old Kent Bank and Trust Company, Grand Rapids, Michigan — investment in bank premises. Approved, August 28, 1992. Chicago Rock Island Bank, Rock Island, Illinois — in bank premises. Approved, August 25, 1992. Richmond St. Michaels Bank, St. Michaels, Maryland — investment in bank premises. Approved, August 24, 1992. investment BANKS, STATE MEMBER Atlanta SouthTrust Bank of Florida, St. Petersburg, Florida - issuance of subordinated notes. Approved, August 24, 1992. CAPITAL STOCK St. Louis Raymond Bancorp, Inc., Raymond, Illinois — redemption of shares. Approved, August 26, 1992. CHANGE IN BANK CONTROL Dallas Greater Southwest Bancshares, Inc., Irving, Texas — change in bank control. Returned, August 25, 1992. Dallas Gulf Southwest Bancorp, Inc., Houston, Texas — change in bank control. Returned, August 27, 1992. Dallas NBC Bancshares, Inc., Pampa, Texas — control. Permitted, August 26, 1992. Dallas Texas Regional Bancshares, Inc., McAllen, Texas — change in bank control. Returned, August 27, 1992. change in bank H .2 AUGUST 24, PAGE 8 1992 TO AUGUST 28, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Dallas Tomball National Bancshares, Inc., Tomball, Texas -change in bank control. Permitted, August 24, 1992. COMPETITIVE FACTORS REPORTS San Francisco Associates Professional Executive Loan Company, St. George, Utah, proposed acquisition of the assets and assumption of the liabilities of St. George Thrift and Loan, St. George, Utah — report on competitive factors. Submitted, August 26, 1992. San Francisco Bank of America Texas, N.A., Houston, Texas, proposed merger with Sequor National Bank Texas, Dallas, Texas -- report on competitive factors. Submitted, August 24, 1992. Atlanta Community Bank Capital Corporation, Atlanta, Georgia, proposed control of Cherokee Federal Bank, FSB, Canton, Georgia, through the use of Interim CBCC Federal Savings Bank, Atlanta, Georgia — report on competitive factors. Submitted, August 24, 1992. S t . Louis Farmers and Merchants Bank, Adamsville, Tennessee, proposed acquisition of certain assets and assumption of the deposit liabilities of the Alamo, Tennessee, branch of Bells Banking Company, Bells, Tennessee — report on competitive factors. Submitted, August 27, 1992. Minneapolis First American Bank Metro, South St. Paul, Minnesota, proposed merger with First American Bank of Watertown, Watertown, Minnesota -- report on competitive factors. Submitted, August 28, 1992. San Francisco First Western Bank, F.S.B., Las Vegas, Nevada, proposed merger with First Western Savings Association of Wenatchee, Wenatchee, Washington — report on competitive factors. Submitted, August 26, 1992. H .2 AUGUST 24, PAGE 9 1992 TO AUGUST 28, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond Mid ~ South Bank and Trust Company, Sanford, North Carolina, proposed merger with First Carolina Bank and Trust Company -- report on competitive factors Submitted, August 27, 1992. San Francisco Pacific Western National Bank, Pico Rivera, California, proposed purchase of the assets and assumption of the liabilities of the West Covina, branch of the Bank of California, N.A., San Francisco, California -- report on competitive factors. Submitted, August 26, 1992. St. Louis Southern Credit Corporation of Malvern, Arkansas, Malvern, Arkansas, proposed merger with Southern State Bank, Malvern, Arkansas -- report on competitive factors. Submitted, August 27, 1992. Richmond Washington Bank, Falls Church, Virginia, proposed merger with The George Washington National Bank, Alexandria, Virginia — report on competitive factors. Submitted, August 28, 1992. Minneapolis Community Trust Company, Sioux Falls, South Dakota to become a member of the Federal Reserve System. Retu ~>d, August 28, 1992. MEMBERSHIP FEDERAL RESERVE BANK OF BOSTON APPLICATIONS 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 Neil St. John Raymond, Newspaper d/b/a Candlewood Associates - Change in Control Federal Register Notification to acquire up to 68.2% of the outstanding common stock of First Ipswich Bancorp, Ipswich, Massachusetts Not Yet Established Not Yet Established SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Fleet Financial Group, Federal Register Inc., Providence, Rhode Island - 4(c)(8) application to engage in asset management and Recovery Corporation, Boston, Massachusetts Not Yet Established SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE ♦Subject to CRA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS **Rating Definitions: "0" - Outstanding; "S" - Satisfactory; - Needs to Improve; "SN" - Substantial Noncompliance. Institution Examination Date NONE "N" Ratina** F e d e r a l R e s e r v e B a n k o f New Y o r k 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) Credit Commercial de France S.A., Paris, France and Mellon Bank Corporation, Pittsburgh, Pennsylvania to engage through CCF-Mellon Partners, a joint venture de novo partnership, in providing investment advice, general economic information and advice, and financial advice. 8/31/92 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 im p ro v e r e c o r d o f m e e t in g co m m u n ity c r e d i t n e e d s . 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 29. 1992 NAME OF BANK RATING EXAMINATION DATE Bankers Trust Company 280 Park Avenue New York, N.Y. 10007 Outstanding May 12, 1992 1/ 2/ 3/ 4/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available FEDERAL RESERVE B A N K OF P H I L A D E L P H I A SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date NONE, SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date NONE. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date Susquehanna Bancshares, Inc., Litiz, PA to engage de novo in commercial finance services, through its existing nonbanking subsidiary, Susquebanc Lease Co., Manheim, PA, pursuant to § 4(c)(8) of the BHC Act and § 225.25(b)(1)(iv) of Regulation Y. 10/2/92 MBNA Corporation, Newark DE to establish MBNA Consumer Services, Inc., Newark, DE and to engage de novo in making consumer loans secured by second mortgages and in the sale of credit insurance, pursuant to § 4(c)(8) of the BHC Act and §§ 225.25(b)(1)(iii) and (b)(8)(i) of Regulation Y. 10/2/92 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE. 1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available. F e d e r a l R e s e r v e B a n k of C l e v e l a n d Applications Bulletin For Week Ending August 29, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Received Section 4 ( c ) (8) application Not Yet Known # from F.N.B. Corporation, Hermitage, Pennsylvania, on August 28, 1992, to acquire Reliance Consumer Discount Company, Hanover, Pennsylvania. Received Section 9 application from The Fifth Third Bank, Cincinnati, Ohio, on August 24, 1992 to establish a branch office at 1585 Mentor Avenue, Painesville, Ohio * Not Yet Known # SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Received one notice from Ohio Citizens Bank, Toledo, Ohio, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act. * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. Federal Reserve Bank of Richmond Section I - ADDlications Subiect to Newsoaoer Notice Onlv Application Comment Period Ending Date None. Section II - ADDlications Subiect to Both NewsDaper and Federal Register Notice ADDlication Comment Period Ending Date None. Section III - Applications Subject to Federal Register Notice ADDlication Comment Period Ending Date None. Section IV - ADDlications Not Subiect to Federal Register Notice or NewsDaDer Notice Application None. Comment Period Ending Date Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending August 28, 1992 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____ The First Bank and Trust Company Main Street and Secondary Road Lebanon, Virginia 24266 6-16-92 Rating Satisfactory F e d e r a l R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s B u l l e t i n for W e e k Ending A u g u s t 28. 1992 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date First Farmers & Merchants Corporation Columbia, Tennessee To acquire the Chapel Hill, Tennessee branch of Cavalry Banking, FSB, Murfreesboro, Tennessee, and then merge it into its subsidiary, First Farmers & Merchants National Bank of Columbia, Columbia, Tennessee, pursuant to Section 5( d ) (3) of the Federal Deposit Insurance Act, as amended by the Federal Deposit Insurance Corporation Improvement Act of 1991. 09-03-92* Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date First National Bancorp Gainesville, Georgia To merge with First Citizens Bancorp of Cherokee County, Inc., Ball Ground, Georgia, and thereby directly acquire its subsidiary bank, Citizens Bank, Ball Ground, Georgia. 08-24-92* Federal Register Section 3 - Applications Subject to Federal Register Notice Only Application Comment Period Ending Date Middle Georgia Bancshares, Inc. Unadilla, Georgia To engage de novo in real estate and personal property appraising, pursuant to Section 225.25(b)(13) of Regulation Y. 09-14-92 ♦Subject to Provisions of the Community Reinvestment Act. F e d e r a l R e s e r v e B a n k of A t l a n t a A p p lications B u l l e t i n for W e e k Ending August 28. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Citizens Corporation Franklin, Tennessee Commitment waiver request. 1992 F e d e r a l R e s e r v e B a n k of A t l a n t a Appli c a t i o n s B u l l e t i n for W e e k Ending August 28. 1992 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Bank Rating Date Countryside Bankers Needs to improve Post Office Box 5088 Clearwater, Florida 34618 (813) 791-6115 05-18-92 Boca Bank Post Office Box 1526 Boca Raton, Florida 33429 (407) 368-5050 05-18-92 Satisfactory Federal Reserve Bank of Chicago Section I - Applications Subject to N e w s p a p e r Notice Only Comment Period Ending Date Type Application EFT Cole T a ylor B a n k C h i c a g o , Illinois 1900 West Van B uren Chicago, Illinois* N - 9-14-92 EFT Cole Taylor B a n k Chicago, Illinois 7500 South Pulaski Road C h i c a g o , Illinois* N - 9-21-92 EFT Cole Taylor B a n k Chicago, Illinois 1145 West Wilson Avenue Chicago, Illinois* N - 9-21-92 Oakar Mid-Citco Incorporated Chicago, Illinois First Western Federal Savings & Loan Association Oklahoma City, Oklahoma* N _ ** Section II - Applications Subject to Both Newspaper and Federal Register Notice Tvoe Application Y— l B O I Financial Corp. Normal, Illinois The B a n k o f Illinois in Normal Normal, Illinois* Comment Period Ending Date F R - 9-14-92 - 8-24-92 N Co C - H C E l c h o Bancorporation, Inc. Venice, Florida Verle & J o A n n Burgason F R - 9-9-92 N - ** Y-2 Comerica Incorporated Detroit, M i c h i g a n H i b e r n i a National Bank in Texas Dallas, Texas* F R - 9-14-92 N - ** CoC-HC Elgin Bancshares, Inc. K a n s a s City, Missouri John S. Sapiente F R - 9-9-92 N - 8-26-92 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (continued ) C o mment P e r i o d Ending Date Type A p p l ication Y-2 GNB Bancorporation G r u n d y Center, Iowa A c k l e y Bancorporation Ackley, Iowa A c k l e y State Bank Ackley, Iowa* F R - ** N - 9-14-92 Y-2/Oakar First Citizens Bancorp o f Indiana Anderson, Indiana 5 branches of Colonial Central Savings Bank, F.S.B. M adison County, Indiana* FR - ** N - ** Y-2/Dakar A B N A M R O Bank, N.V. Amsterdam, The Netherlands LaSalle Talman Bank, F.S,B. Chicago, Illinois* FR - ** N - ** Y-2/Oakar A B N A M R O North America, Inc. Chicago, Illinois LaSalle Talman Bank, F.S.B. Chicago, Illinois* F R - ** N - ** Y-2/Oakar A B N / A M R O Holding, N.V. Amsterdam, The Netherlands LaSalle Talman Bank, F.S.B. Chicago, Illinois* FR - ** N - ** Y-2/Oakar La S a l l e National Corporation Chicago, Illinois LaSalle Talman Bank, F.S.B. Chicago, Illinois* FR - ** N - ** Y-2/Oakar Stich t i n g Administratiekantoor A B N A M R O Holding Amsterdam, The Netherlands LaSalle Talman Bank, F.S.B. Chicago, Illinois* F R - ** N - ** Y-2/Oakar Stich t i n g Prioriteit A B N A M R O H o l d i n g Amsterdam, The Netherlands LaSalle Talman Bank, F.S.B. Chicago, Illinois* FR - ** N - ** Federal Reserve Bank of Chicago Section II - A p p l i c a t i o n s Subject to Both Newsoapei Register Notice (c o ntinued a n d Federal ) Type Ap p l i c a t i o n Y-2 F i r s t a r Corporation M i l w a u k e e , Wisconsin D S B Corporation D e e r f i e l d , Illinois D e e r f i e l d State Bank D e e r f i e l d , Illinois* Y-2 F i r s t a r Corporation of Illinois M i l w a u k e e , Wisconsin DSB Corporation D e e r f i e l d , Illinois D e e r f i e l d State Bank Deerfield, Illinois* Y-2 CoC-HC Ha w k e y e Bancorporation D e s Moines, Iowa Jasand, Inc. Ced a r Rapids, Iowa C i t y National B a n k of Cedar Ra p i d s Ced a r Rapids, Iowa* Metrocorp, Inc. East Moline, Illinois Metrocorp, Inc. Employee Stock Ownership Plan East Moline, Illinois Comment Period Ending Date F R - ** N - ** F R - ** N - ** FR - ** N - ** FR - ** N - ** Section III - Applications Subject to Federal R e g ister Notice Only Type Applic a t i o n Y-4/Oakar P innacle B a n c Group, Inc. O a k Brook, Illinois Batavia Financial Corporation Batavia, Illinois Batavia Savings Bank Batavia, Illinois Y-4 GNB Bancorporation G r u n d y Center, Iowa A c k l e y Insurance Agency Ackley, Iowa Comment Period Ending Date F R - 9-14-92 FR - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal R e g i s t e r N o tice O n l y fcontinued) Comment P e r i o d Ending Date Type Application 4(c)(8) F i r s t Midwest Bancorp, Inc. Naperville, Illinois To engage in acquiring and s e rvicing o f loans F R - ** 4(c) (8) M a h a s k a Investment C o m p a n y Oskaloosa, Iowa M I C D evelopment Corporation Oskaloosa, Iowa F R - ** 4(c) (8) M a h a s k a Investment C o m p a n y E S O P Oskaloosa, Iowa M I C Development Corporation Oskaloosa, Iowa F R - ** 4(c)(8) L i ncolnshire Bancshares, Inc. Lincolnshire, Illinois To purc h a s e p articipations from their b a n k i n g subsidiary F R - 8-3-92 Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application RoS Elgin Bancshares, Inc. Kansas City, Missouri To redeem 4,848 shares o f common stock * - N Newspaper FR - F ederal R e g i s t e r S u bject to P r o v isions of Community Reinvestment A c t ** - Not a v a i l a b l e 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 August 28, 1992. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. Identification of Ratings O-An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S-An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NI-An institution in this group needs to improve its overall record of 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. SN-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. BANK NAME/LOCATION EXAMINATION DATE RATINGS -Bank of Elmwood 2704 Lathrop Avenue Box 081160 Racine, Wisconsin 53408 (414) 554-5321 5/07/92 S -City Bank of Bloomington/Normal 1704 Eastland Drive Bloomington, Illinois 61704 (309) 662-2700 5/18/92 S -Union Bank Sandwich 202 Indian Springs Drive Sandwich, Illinois 60548 (815) 786-8455 5/25/92 S Federal Reserve Bank of St. Louis FOR THE WEEK ENDING AUGUST 28, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period None. 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 Section 24A application by English State Bank, English, Indiana to make an additional investment in bank premises Not applicable Section 24A application by United Missouri Bank Northeast, Monroe City, Missouri to make an additional investment in bank premises Not applicable Stock redemption notification by Scott County Bancorporation, Inc., Winchester, Illinois Not applicable FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES Identification o f Ratings: Outstanding record o f m eeting com m unity credit needs A n institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including lo w - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f m eeting com m unity credit needs A n institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to im prove record o f m eeting com m unity credit needs A n institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncom pliance in meeting com m unity credit needs A n institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING Name of Bank Commerce Warren County Bank August 28, 1992 Bank Address P. 0. Box 400 Warrenton, Missouri 63383 Examination Date Examination Rating 5-26-92 Satisfactory FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Endina Date Application None. Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Endina Date Norwest Corporation Mpls, MN To acquire, by merger, 100% of Am-Can Investment, Inc., Moor head, MN, which owns the Moorhead State Bank, Moorhead, MN* 9-8-92 (Federal Register) Gladden A. Redding Revocable Trust & Mary Jane Redding Revocable Trust for the increase in each trusts ownership from 22.9% to 25.3% of Windom State Investment Company, Windom, MN 9-9-92 (Federal Register) St. Stephen BanGroup, Inc. Minneapolis, MN To acquire 100% of St. Stephen Bancorporation, Inc., Sunfish Lake, MN, a obhc owning the St. Stephen State Bank, St. Stephen, MN* 9-21-92 (Federal Register) First Dakota Financial Corporation Yankton, SD To acquire, via merger, 100% of McCook Bancshares, Inc., Salem, SD, a one-bank holding company owning McCook County National Bank, Salem, SD* Not yet available ♦Subject to CRA FEDERAL RESERVE BANK OF MI N N E A P O L I S Section III - Applications Subject to Federal Register Notice Only Comment Period Endina Date Aoolication First Bank System, Inc., Mpls, MN To engage in data processing activities through the acquisition of Marquette Information Services, Inc., Mpls, MN First Bank System, Inc., Mpls, MN To engage in general insurance agency activities through the acquisition of Marquette Insurance Services, Mpls, MN 9-21-92 9-21-92 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 August 28, 1992 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. B A N K (S ) E X A M I N E D None. DATE OF EXAMINATION CRA RATING Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION II - APPLICATIONS SOBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Bellwood Community Holding Co., Bellwood, Nebraska, for prior approval to become a bank holding company through the acquisition of 80 percent of the voting shares of Bank of the Valley, Bellwood, Nebraska.* Not Available Fourth Financial Corporation, Wichita, Kansas, to acquire 100 percent of the voting shares of Southern National Bank, Tulsa, Oklahoma, through a merger with Southern Bancorp, Inc., Tulsa, Oklahoma.* Not Available Merchants Bancshares, Inc., Kansas City, Missouri, for prior approval to become a bank holding company through the acquisition of at least 80 percent of the voting shares of MBI Bancshares, Inc., Kansas City, Missouri; Metro Bancshares, Inc., Kansas City, Missouri; and International Bancshares, Inc., Gladstone, Missouri.* Not Available One Security of Kansas, Inc., Kansas City, Kansas, to become a bank holding company through the acquisition of at least 80 percent of the voting shares of One Security, Inc., Kansas City, Kansas; Mission Bancshares, Inc., Mission, Kansas; Valley View Bancshares, Inc., Overland Park, Kansas; and Industrial Bancshares, Inc., Kansas City, Kansas.* Not Available Federal Reserve Bank of Kansas City First Independence Bancshares, Inc., Independence, Kansas, to become a bank holding company through the acquisition of at least 80 percent of the voting shares of First National Bank, Independence, Kansas.* Not Available United Nebraska Financial Co., Grand Island, Nebraska, for prior approval to acquire 100 percent of the voting shares of First Security Bank of Holdrege, Holdrege, Nebraska.* Not Available TeamBanc, Inc., Paola, Kansas, for prior approval to indirectly acquire 100 percent of the voting shares of Century Bancshares, Inc., Parsons, Kansas.* Not Available TeamBanc, Inc., ESOP, Paola, Kansas, for prior approval to acquire 100 percent of the voting shares of Century Bancshares, Inc., Parsons, Kansas.* Not Available Commerce Bancshares, Inc., Kansas City, Missouri, through a newly formed, wholly-owned subsidiary, CBICentral Kansas, Inc., Kansas City, Missouri, to merge with Union Financial Corporation, Manhattan, Kansas, and thereby acquire 100 percent of the voting shares of Union National Bank and Trust Company, Manhattan, Kansas.* Not Available FirsTier Bank, National Association, Lincoln, Nebraska, for prior approval to control, in a fiduciary capacity, 30.1 percent of the voting shares of Washington 1st Banco, Inc., Washington, Kansas.* Not Available Jimmy G. Hankins, Marietta, Oklahoma, for prior approval to increase his proportionate wnership interest in Bank of Love County, Marietta, Oklahoma, by 9.333 percent to 25.53 percent. August 17, 1992 Federal Reserve Bank of Kansas City Mike Mitchell, Gardner, Kansas, for prior approval to acquire 18.4 percent ownership interest in Gardner National Bank, Gardner, Kansas, and Mike Mitchell, et. al., for prior approval to increase their proportionate ownership interest in Gardner National Bank, Gardner, Kansas, from 21.4 percent to 72.45 percent. September 1, 1992 Second Century Financial Corporation, Perry, Kansas, for prior approval to become a bank holding company through the acquisition of 90.63 percent of the voting shares of the Bank of Perry, Perry, Kansas.* September 4, 1992 FSB Bankshares, Inc., Fowler, Kansas, for prior approval to acquire 80.89 percent of the voting shares of Fowler State Bank, Fowler, Kansas.* September 8, 1992 Mohler Bancshares, Inc., Harveyville, Kansas, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of First National Bank of Harveyville, Harveyville, Kansas.* September 14, 1992 Colorado National Bankshares, Inc., Denver, Colorado, for prior approval to acquire 100 percent of the voting shares of Regency Bancorporation, Pueblo, Colorado.* September 10, 1992 FirstBank Holding Company Employee Stock Ownership Partnership, Lakewood, Colorado, for prior approval to acquire 25 percent of the voting shares of FirstBank Holding Company of Colorado, Lakewood, Colorado.* September 14, 1992 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Great Western Securities, Inc., Omaha, Nebraska, to acquire 100 percent of the voting shares of Great Western Resources, Inc., Omaha, Nebraska. COMMENT PERIOD ENDING DATE September 14, 1992 Federal Reserve Bank of Kansas City Central Banking Group, Inc., Oklahoma City, Oklahoma, for prior approval to acquire 100 percent of the voting shares of Central Financial Life Insurance Company, Phoenix, Arizona and thereby engage de novo in an insurance activity. August 31, 1992 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION Flagler Bankshares, Inc., Flagler, Colorado, for prior approval to redeem 3,250 shares of its own voting common shares. Not Available SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs An institution in this group has an outstanding record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Federal Reserve Bank of Kansas City Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Exam Date None.* *Application is subject to CRA. CRA Public Date CRA Rating FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF AUGUST 24, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP * *Section 3(a)(3) application by BancTEXAS Group Inc., Dallas, TX, to acquire First Bank/Las Colinas, Irving, TX 92/08/28 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 AUGUST 24. 1992 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 lowand 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 P. 0. Box 249 500 Hwy. 79 W. Hutto, Texas 78634 92/06/01 Satisfactory Texas Bank P. 0. Box 760 102 N. Main Street Weatherford, TX 76086 92/05/18 Outstanding CRA Rating FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 8/28/92 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Sub.iect to Both Newspaper and Federal Register Notice Ap p I ication Comment Period Ending Date None Section III - Applications Sub.iect to Federal Register Notice Only Application Comment Period Ending Date North Cascades Bancshares, Inc., Chelan, Washington, to engage de novo in brokerage and investment advisory services through North Cascades Financial Services, Inc., Chelan, Washington. Fed. Reg.: Not yet published Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None * Subject to CRA FEDERAL RESERVE BANK OF SAN FRANCISCO (cont’d.) Week ending 8/28/92 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending August 21, 1992. Information about a particular institution’s CRA evaluation may be obtained directly from the institution. Examination Date Rating* Institution Location Oak Valley Bank 125 North Third St. Oakdale, CA 95361 Tel: (209) 848-2265 5/11/92 Satisfactory Commercial Bank of Fremont 3950 Paseo Padre Pkwy Fremont, CA 94538 Tel: (510) 794-7700 5/18/92 Outstanding Home Valley Bank P.0. Box 129 Cave Junction, OR 97523 Tel: (503) 592-4663 5/26/92 Satisfactory * 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.
@FedFRASER