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announcemeM jEMte* UW *** 1 H. 2, 1991, No. 31 A c t i o n s of the Board, its Staff, and l 3\ B O A R D OF G O V E R N O R S 3 ^ 'Jl the F e d e r a l R e s e r v e Banks; OF T H E m L A p p l i c a t i o n s and R e p o r t s R e c e i v e d F E D E R A L R E S E R V E S^fTEWL'> ; . ‘'during the W e e k E n d i n g A u g u s t 3, 1991 u ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Bank of Credit and Commerce International, Luxembourg# Luxembourg — statements by William Taylor and J. Virgil Mattingly before the Subcommittee on Terrorism# Narcotics# and International Operations of the Senate Committee on Foreign Relations# August 1# 1991. Published# August 1# 1991. BANK HOLDING COMPANIES United Services Automobile Association# San Antonio# Texas — request for exemption under section 23A of the Federal Reserve Act to permit certain intercompany transactions. Approved# August 2, 1991. ENFORCEMENT BCCI H o l d i n g s ( L u x e m b o u r g ) S.A.# Lu x e m b o u r g # Bank of C r e d i t a n d C o m m e r c e I n t e r n a t i o n a l S.A.# B a n k of Credit and Commerce International (Overseas) Limited# G e orge Town# C a y m a n Islands# International Credit an d Investment C o m p a n y (Overseas) Limited# Agha Hasan Abedi# Sw a l e h Naqvi# Hasan M a h m o o d K a z m i # K a m a l A d h a m # F a i s a l S a u d A l - F u l a i j # A. R. Khalil# Sayed Jawhary# G h a i t h Pharaon# and Khusro Elley — n o t i c e of a s s e s s m e n t of civil m o n e y p e n a l t i e s # n o t i c e o f i n t e n t to p r o h i b i t # a n d n o t i c e of c h a r g e s s e e k i n g i s s u a n c e of c e a s e a n d d e sist order. R. Authorized# July 29# 1991. Boca Bank# Boca Raton# Florida — written agreement dated July 3# 1991# with the Federal Reserve Bank of Atlanta and the State Comptroller and Banking Commissioner of the State of Florida. Authorized# July 30# 1991. INTERNATIONAL OPgUATIPMS Chemical International Finance# Ltd.# New York# New York — to invest in Banco Norchem# S.A.# Sao Paulo# Brazil. Approved# July 30# 1991. H .2 JULY 29, 1991 PAGE 2 TO AUGUST 3, 1991 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Loan splitting — withdrawal of the Federal Financial Institutions Examination Council proposal. Approved, July 29, 1991. Uniform Rules of Practice and Procedures for Administrative Hearings — joint issuance of revisions and additions (Docket No. 0733). Approved, August 2, 1991. RESERVE BANK SERVICES Noncash collection — further consolidation at the Federal Reserve Banks of Cleveland and Atlanta by 1993, and delegation of authority to the Director, Division of Reserve Bank Operations and Payments Systems, to approve the individual Reserve BanksT implementation of the consolidation, beginning in the fourth quarter of 1991. Approved, July 29, 1991. 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 New York Adirondack Trust Company, Saratoga Springs, New York — to establish an offsite electronic facility at the State Farm Insurance office complex, 100 State Farm Place, Malta, New York. Approved, August 1, 1991. Richmond Bank of McKenney, McKenney, Virginia — to establish a branch near the intersection of U.S. Route 460 and State Route 684, Dinwiddie, Virginia. Approved, July 31, 1991. Kansas City Belcaro Bank, Denver, Colorado — to establish a branch at 625 South Colorado Boulevard. Approved, July 31, 1991. H.2 JULY 29, 1991 PAGE 3 TO AUGUST 3, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES. DOMESTIC Richmond Central Fidelity Bank, Richmond, Virginia — to establish a branch inside The Colonades Retirement Community at 2600 Barracks Road, Charlottesville, Virginia. Approved, July 30, 1991. Chicago Chemical Bank and Trust Company, Midland, Michigan; Chemical Bank Michigan, Clare; and Chemical Bank Bay Area, Bay City, M i c h i g a n — to p r o v i d e r e c i p r o c a l b r a n c h s e r v i c e s a t n e w b r a n c h o f f i c e to b e e s t a b l i s h e d a t C h e m i c a l B a n k M i c h i g a n , 127 N. 2nd Street, Harrison; and Chemical Bank Gladwin C o u n t y , 2 4 5 E. C e d a r A v e n u e , G l a d w i n , M i c h i g a n . Approved, August 1, 1991. San Francisco CivicBank of Commerce, Oakland, California — to establish a mortgage branch at 6730 Mesa Ridge Road, Suite D, San Diego, California. Approved, July 30, 1991. Secretary First Interstate Bank, Los Angeles, California — to establish branches in Vons grocery stores at 3645 Midway Drive, Point Loma; 13255 Black Mountain Road, Rancho Penasquitos, and 8011 University Avenue, La Mesa, California. Approved, August 1, 1991. Chicago Hawkeye Bank & Trust of Des Moines, Des Moines, Iowa — to establish a branch at 10301 University Avenue, Clive, Iowa. Approved, July 30, 1991. New York Peapack - Gladstone Bank, Gladstone, New Jersey — t o establish a branch at 17 East Main Street, Mendham, New Jersey. Approved, July 30, 1991. H.2 JULY 29, 1991 PAGE 4 TO AUGUST 3, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Kansas City Rio Grande County Bank, Del Norte, Colorado — to establish a branch at 30359-A West Highway 160, South Fork, Colorado. Approved, July 29, 1991. BANK HOLDING COMPANIES Staff Director BS&R Bank of North America Bancorp, Inc., Miami, Florida — proposal that Bank of North America purchase the assets and assume the liabilities of Bank of North America Interim Savings Association, Boca Raton, Florida, which was formed to acquire certain assets and assume deposit liabilities of the Boca Raton, Florida, branch of Commonwealth Federal Savings and Loan Association, Fort Lauderdale, Florida. Approved, August 3, 1991. Secretary BankAmerica Corporation, San Francisco, California, and Seafirst Corporation, Seattle, Washington — to acquire BAC WA Interim Federal Savings Bank, Seattle, Washington, which was formed to acquire certain assets and assume certain liabilities of eighteen branches of Olympia Savings Bank, Seattle, Washington. Approved, August 2, 1991. Richmond BB&T Financial Corporation, Wilson, North Carolina — proposal that Branch Banking and Trust Company, Wilson; purchase the assets and assume the liabilities of BB&T Federal Savings Bank of Pitt County, Greenville; BB&T Savings Bank of Durham, Inc., Durham; and BB&T Federal Savings Bank of High Point, High Point, North Carolina. Approved, July 30, 1991. San Francisco BKLA Bancorp, West Hollywood, California — to acquire BKLA Interim Federal Savings Bank, West Hollywood, California, which was formed to acquire the West Hollywood branch of Unity Savings and Loan Association F.A., Beverly Hills, California. Approved, August 2, 1991. H.2 JULY 29, 1991 PAGE 5 TO AUGUST 3, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Kansas City Central Banking Group, Inc., Oklahoma City, Oklahoma — to acquire Lakeshore Bank, N.A. Approved, August 1, 1991. Dallas Central Corporation, Monroe, Louisiana — proposal that Central Savings Bank merge with Central Bank. Approved, August 2, 1991. Dallas Central Corporation, Monroe, Louisiana — Central Savings Bank (de novo). Approved, August 2, 1991. S t . Louis Chambers Bancshares Inc., Danville, Arkansas — to engage in insurance agency activities through Petit Jean Insurance Agency. Withdrawn, July 30, 1991. New York Chase Manhattan Corporation, New York, New York — to acquire certain mortgage servicing rights from Pacific Coast Savings, San Francisco, California, and engage in servicing loans. Approved, August 2, 1991. Kansas City Exchange Bankshares Corporation of Kansas, Atchison, Kansas — to acquire The First Kansas Bancorp, Leavenworth, Kansas, and the First National Bank & Trust of Leavenworth. Returned, July 31, 1991. Kansas City First Harrah Corporation, Harrah, Oklahoma — to acquire First Federal Savings Association, Wewoka, Oklahoma (interim S&L), which was formed to acquire certain assets and assume certain liabilities of First Federal Savings Association of Wewoka. Approved, August 2, 1991 . Chicago First Iowa State Shares, Inc., Albia, Iowa — acquire First Iowa State Bank. Approved, July 29, 1991. Kansas City First Medicine Lodge Bancshares, Inc., Medicine Lodge, Kansas — to merge with The C-M Company, Inc. Approved, July 30, 1991. to acquire to H.2 JULY 29, 1991 PAGE 6 TO AUGUST 3, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis First North Financial Services, Inc., Karlstad, Minnesota — to acquire Karlstad State Bank. Approved, July 31, 1991. Chicago First of Huron Corp., Bad Axe, Michigan — to acquire The State Bank of Port Hope, Port Hope, Michigan. Approved, August 2, 1991. Richmond First Union Corporation, Charlotte, North Carolina — proposal that First Union National Bank of Florida, Jacksonville, Florida, acquire the assets and assume the liabilities of New Florida Federal Savings, FSB, St. Petersburg, Florida. Approved, August 2, 1991. Richmond First Union Corporation, Charlotte, North Carolina — to acquire New Florida Federal Savings, FSB, St. Petersburg, Florida, which was formed to purchase the assets and assume the liabilities of Florida Federal Savings, FSB. Approved, August 2, 1991. Richmond F i r s t V i r g i n i a Banks, Inc., F a l l s Ch u r c h , V i r g i n i a to a c q u i r e F e r r a r o 3 P i n h o l s t e r , Inc., F a i r f a x , Virginia, and en g a g e in i n s u r a n c e a g e n c y activities. — Approved, July 31, 1991. New York Fuji Bank, Limited, Tokyo, Japan — collection agency activities. Permitted, July 30, 1991. to engage in Minneapolis GATO Holdings, Inc., Thief River Falls, Minnesota — to acquire Northern State Bank of Thief River Falls. Approved, August 2, 1991. Boston Granite State Bankshares, Inc., Keene, New Hampshire — to acquire certain assets and assume deposit liabilities of First Northern Co-operative Bank, FSB. Approved, August 2, 1991. H.2 JULY 29, 1991 PAGE 7 TO AUGUST 3, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Hansen Freeborn, Inc., Freeborn, Minnesota — acquire First State Bank. Approved, July 31, 1991. Secretary Manufacturers Hanover Corporation, New York, New York — to engage in trust company activities through acquisition of certain assets of the stock transfer business of Bank of America, N.T. & S.A., San Francisco, California. Approved, August 1, 1991. Chicago Manufacturers National Corporation, Detroit, Michigan — to acquire shares of W. Y. Campbell & Company. Withdrawn, July 30, 1991. San Francisco Merchant House, Santa Ana, California, and PNB Financial Group, Newport Beach, California — to acquire PNB Interim Federal Savings Association, which was formed to acquire the Beverly Hills branch of Unity Savings and Loan Association, F.A., Beverly Hills, California. Approved, August 2, 1991. San Francisco National Bancorp of Alaska, Inc., Anchorage, Alaska — to engage de novo in lending activities and underwriting and dealing in government obligations and money market instruments. Permitted, August 2, 1991. San Francisco Olympic National Bancorp, Los Angeles, California to acquire Olympic Interim Savings and Loan, FSA, Los Angeles, California, which was formed to acquire the Santa Monica branch of Unity Savings and Loan Association, F.A., Beverly Hills, California. Approved, August 2, 1991. Minneapolis Siouxland Bank Holding Company, Sioux Falls, South Dakota — to acquire Dakota Bankshares, Inc., Fargo, North Dakota. Approved, August 2, 1991. to H.2 JULY 29, 1991 PAGE 8 TO AUGUST 3, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Siouxland Bank Holding Company, Sioux Falls, South Dakota — to engage in data processing activities through Dakota Data Processing, Inc., Fargo, North Dakota. Approved, August 2, 1991. Minneapolis Siouxland Bank Holding Company, Sioux Falls, South Dakota — to engage in trust and advisory activities through Dakota First Trust Co., Fargo, North Dakota. Approved, August 2, 1991 . Chicago Stichting Prioriteit ABN AMRO Holding, Amsterdam, The Netherlands; Stichting Administratiekantoor ABN AMRO Holding; ABN Amro Holding N.A., and Algemene Bank Nederland N.V. — to engage de novo in leasing activities through Lease Plan U.S.A., Inc., Atlanta, Georgia. Returned, July 29, 1991. S t . Louis United Community Bancorp, Inc., Greenfield, Illinois — to acquire Roosevelt Interim Federal Savings Bank, Gillespie, Illinois, which was formed to purchase certain assets and assume deposit liabilities of the Gillespie, Illinois, branch of Roosevelt Bank, A Federal Savings Bank, Chesterfield, Missouri. Approved, July 30, 1991. Kansas City Western Banshares, Inc., Alliance, Nebraska — to acquire Western Bank, N.A., Bridgeport, Nebraska. Approved, July 29, 1991. BANK MERGERS Dallas Central Bank, Monroe, Louisiana — Central Savings Bank. Approved, August 2, 1991. to merge with Kansas City Central Bank of Oklahoma City, Oklahoma City, Oklahoma — to merge with Lakeshore Bank, N.A., and to establish a branch Approved, August 1, 1991. H.2 JULY 29, 1991 PAGE 9 TO AUGUST 3, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS Secretary First of America Bank - Ann Arbor, Ann Arbor, Michigan — to merge with First of America Bank Wayne, Wayne, Michigan, and to establish branches. Approved, August 1, 1991. BANK PREMISES Richmond Bank of McKenney, McKenney, Virginia — bank premises. Approved, July 31, 1991. Kansas City Central Bank of Oklahoma City, Oklahoma City, Oklahoma — investment in bank premises. Approved, August 1, 1991. Cleveland Ohio Citizens Bank, Toledo, Ohio — bank premises. Approved, July 30, 1991. investment in investment in CAPITAL STOCK Dallas Silsbee Financial Corporation, Silsbee, Texas — redemption of shares. Approved, July 31, 1991. CHANGE IN BANK CONTROL Kansas City Americorp, Inc., Shawnee, Oklahoma — control. Permitted, July 29, 1991. change in bank Richmond Bank Maryland Corp., Towson, Maryland — bank control. Permitted, August 1, 1991. S t . Louis Clin - Ark Bankshares, Inc., Clinton, Arkansas — change in bank control. Permitted, July 29, 1991. Kansas City Luray Bankshares, Inc., Luray, Kansas — bank control. Permitted, August 2, 1991. change in change in H .2 JULY 29, 1991 PAGE 10 TO AUGUST 3, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Kansas City Scott Stuart Family Partnership, Lincoln, Nebraska — change in bank control. Permitted, August 1, 1991. COMPETITIVE FACTORS REPORTS Kansas City Bank of Inman, Inman, Kansas, proposed merger with The Bushton State Bank, Bushton, Kansas — report on competitive factors. Submitted, July 31, 1991. Kansas City Century Bank and Trust, Denver, Colorado, proposed merger with Century Bank and Trust at Broadway, Littleton, Colorado — report on competitive factors. Submitted, July 31, 1991. New York Chatham Trust Company, Chatham Township, New Jersey, proposed merger with The Summit Trust Company, Summit, The Maplewood Bank and Trust Company, Maplewood; and The Trust Company of Princeton, Princeton, New Jersey — report on competitive factors. Submitted, July 30, 1991. Kansas City Durham State Bank, Durham, Kansas, proposed merger with The Farmers and Drovers National Bank of Marion, Marion, Kansas — report on competitive factors. Submitted, July 31, 1991. Kansas City Emprise Bank, National Association, Hillsboro, Kansas, proposed merger with Emprise Bank, National Association, Council Grove, Kansas — report on competitive factors. Submitted, July 31, 1991. New York Inter - Community Bank, Springfield, New Jersey, proposed purchase of certain assets and assumption of certain liabilities of the Morris Plains branch of The Howard Savings Bank — report on competitive factors. Submitted, July 30, 1991. H.2 JULY 29, 1991 PAGE 11 TO AUGUST 3, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS St. Louis United Illinois Bank of New Athens, New Athens, Illinois, proposed merger with United Illinois Bank of Collinsville, Collinsville, Illinois — report on competitive factors. Submitted, August 1, 1991. EXTENSIONS OF TIME Cleveland Bancorporation of Ohio, Akron, Ohio — extension to November 11, 1991, to establish a disaster recovery computer site in Brecksville, Ohio. Granted, July 30, 1991. Staff Director BS&R BanPonce Corporation, Hato Rey, Puerto Rico extension to September 30, 1991, to conform activities of branches in Los Angeles and Chicago of Banco Popular de Puerto Rico to International Banking A c t . Granted, August 1, 1991. Richmond Centura Bank, Rocky Mount, North Carolina — extension to September 17, 1991, to acquire the assets and assume the liabilities of Watauga Savings and Loan Association, Inc., Boone, North Carolina. Granted, August 2, 1991. St. Louis Crawford Bancorp, Inc., Robinson, Illinois — extension to October 15, 1991, within which to acquire Peoples Federal Building and Loan Association, Oblong, Illinois, a federally chartered stock thrift which will result from the voluntary conversion of the state chartered mutual thrift, Peoples Building and Loan Association of Oblong. Granted, August 1, 1991. Chicago First Financial Corporation, Terre Haute, Indiana — extension to October 24, 1991, to retain and to acquire shares of First Citizens of Paris, Inc., Paris, Illinois, and The Citizens National Bank of Paris. Granted, July 30, 1991. H .2 JULY 29, 1991 PAGE 12 TO AUGUST 3, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY extensions 0£ TIME San Francisco First Interstate Bancorp, Los Angeles, California — extensions to divest certain properties. Granted, July 29, 1991. San Francisco First Interstate Bancorp, Los Angeles, California — extensions to divest certain properties. Granted, July 31, 1991. Chicago First of America Bank - Central, Lansing, Michigan — extension to January 1, 1992, to establish a branch at the intersection of Okemos and Jolly Roads, Meridian Township, Michigan. Granted, July 30, 1991. Atlanta FNC Bancorp, Inc., Douglas, Georgia — extension to December 1, 1991, to acquire First National Bank of Coffee County, Douglas, Georgia. Granted, August 2, 1991. Cleveland Society Corporation, Cleveland, Ohio — extension to November 1, 1991, to expand activities of Green Machine Network Corporation nationwide. Granted, July 30, 1991. RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Boston — to offer truncation and extended MICR services to First District financial institutions in all three District offices. Approved, July 31, 1991. Director, FRBO Federal Reserve Bank of Kansas City — to consolidate the noncash collection functions at the Federal Reserve Bank of Cleveland and the Jacksonville Branch of the Federal Reserve Bank of Atlanta. Approved, August 1, 1991. H.2 JULY 29, 1991 PAGE 13 ADDITIONS AND CORRECTIONS TO AUGUST 3, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Secretary BankAmerica Corporation, San Francisco* California — to establish BAC Coyote Interim Federal Savings Bank* Houston* Texas* which was formed to acquire Commerce Federal Savings Association* San Antonio* Texas. Approved* July 12* 1991. Secretary First Commercial Corporation* Little Rock* Arkansas - proposal that Pinnacle Federal Savings and Loan* and Cypress Bayou Federal Savings and Loan* England* Arkansas (interim savings associations) acquire the Van Buren* Helena* Asher* Rodney Parhan* McCain* Home Office* and Cabot branches of First Savings of Arkansas* F.A.* Little Rock Arkansas. Approved* July 26* 1991. Staff Director BS&R First Commercial Corporation, Little Rock* Arkansas - proposal that First Commercial Bank* N.A.* and First Commercial Bank of Lonoke County* England* Arkansas* purchase the assets and assume the liabilities of Pinnacle Savings and Loan* Little Rock* Arkansas* and Cypress Bayou Federal Savings and Loan* England* Arkansas* which were formed to acquire certain assets and assume deposit liabilities of the Van Buren* Helena* Asher* Rodney Parkham* McCain* Home office and Cabot branches of First Savings of Arkanss* F.A.* Little Rock* Arkansas. Approved* July 26* 1991. Staff Director BS&R Rebank Netherlands Antilles* Miami* Florida* and Republic Banking Corporation — proposal that Republic National Bank of Florida purchase the assets and assume the liabilities of Republic Federal Interim Bank II* F.S.B.* which was established to acquire certain assets and assume deposit liabilities of the Kendale Lake* Florida* branch of Ensign Federal Savings Bank* New York* New York. Approved* July 19* 1991. H. 2 JULY 29, 1991 PAGE 14 ADDITIONS AND CORRECTIONS' TO AUGUST 3, 1991 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Secretary Simmons First National Corporation, Pine Bluff, Arkansas — to establish Simmons Federal Savings and Loan Association (Interim Savings), which was formed to acquire Fort Smith (Eastside and Central Mall) and Pine Bluff branches of First Savings of Arkansas, F.A., Little Rock, Arkansas. Approved, July 26, 1991. Staff Director BS&R Simmons First National Corporation, Pine Bluff, Arkansas — proposal that Simmons First National Bank purchase the assets and assume the liabilities of Simmons Federal Savings and Loan Association, which was formed to acquire certain assets and assume deposit liabilities of the Fort Smith and Pine Bluff branches of First Savings of Arkansas, F.A., Little Rock, Arkansas. Approved, July 26, 1991. COMPETITIVE FACTORS REPORTS Boston Bank of New Hampshire, Portsmouth, New Hampshire, proposed merger with Bank of New Hampshire, N.A., Manchester; Bristol Bank, Bristol; Stafford National Bank, Dover; and the Suncook Bank, Suncook, New Hampshire — report on competitive factors. Submitted, July 26, 1991. RESERVE BANK SERVICES Director, FRBO Federal Reserve Bank of Kansas City and Oklahoma City Branch — to expedite the processing of selected high-dollar items drawn on selected other Fed high dollar group sort endpoints from local mixed and other Fed deposits. Approved, July 25, 1991. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS S E C T I O N I - A P P L I C A T I O N S S U B J E C T TO NEWSPAPER NOTICE ONLY C o m m e n t P e r i o d E n d i n g Dat e Application NONE S E C T I O N II - A P P L I C A T I O N S S U B J E C T TO B O T H NEWSPAPER AND FEDERAL REGISTER NOTICE Application C o m m e n t P e r i o d E n d i n g Dat e NONE S E C T I O N III ~ A P P L I C A T I O N S S U B J E C T TO F E D E R A L R E G I S T E R N O T I C E O NLY Application C o m m e n t P e r i o d E n d i n g Date NONE S E C T I O N IV ~ A P P L I C A T I O N S N O T S U B J E C T TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NON E S E C T I O N V - A V A I L A B I L I T Y OF C R A P U B L I C E V A L U A T I O N S E x a m i n a t i o n Dat e Institution NONE Federal Reserve Bank of New York Comment Period Ending Date SECTION I Applications Subject to Newspaper ____________Notice Only_________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) Compagnie de Suez and Banque Indosuez, both of Paris, France to engage indirectly through their subsidiary, Indosuez Carr Futures Inc., in the execution and clearance of certain stock index futures contracts and options contracts on such futures and in the provision of incidental advice with respect to such contracts. N/A SECTION IV Applications Not Involving ________Public Comment_______ Citibank Overseas Investment Corporation, New Castle, Delaware to make additional investments, directly and indirectly, in Banco Crefisul S.A., Sao Paulo, Brazil. Availability of ORA Public Evaluations Week Ending August 3. 1991 NAME O F BANK EXAMINATION DATE None. 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. N/A - Not Available Date specified in Federal Register notice; a later date may be specified in the newspaper notice. FEDERAL RESERVE BANK OF PHILADELPHIA 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 None. 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. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS For week endincr 8/2/91 Institutions Examination Date None A p p lic a tio n s B u lle tin F o r Week E n d in g A u g u s t 3 , 1 9 9 1 SECTION I I I - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY ( C o n t .) R e c e i v e d S e c t i o n 4 ( c ) (8) a p p l i c a t i o n on J u l y 30, 1991 f r o m B a n c O n e Corporation, Columbus, Ohio, to a c q u i r e P r e m i e r S e c u r i t i e s C o r p o r a t i o n and P r e m i e r I n v e s t m e n t Advisors, I n c . , b o t h of B a t o n Rouge, Louisiana, two w h o l l y - o w n e d s u b s i d i a r i e s of P r e m i e r Bancorp, Inc., B a t o n Rouge, Louisiana. N o t Yet K n o w n # SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE* * N F # - S u b j e c t to CR A N e w s p a p e r Co m m e n t P e r i o d Federal Register Comment Period E x p e c t e d to end a p p r o x i m a t e l y 30 d a y s from the d a t e of r e c e i p t of the a p p l i c a t i o n Federal Reserve Bank of Cleveland Applications Bulletin For W e e k E n d i n g A u g u s t 3, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE R e c e i v e d S e c t i o n 3(a)(5) a p p l i c a t i o n on J u l y 29, 1991 f r o m B a n c O n e Corporation, Columbus, Ohio, to a c q u i r e M a r i n e Corporation, S p ringfield, Illinois. * Not Yet Known # R e c e i v e d S e c t i o n 3(a)(3) a p p l i c a t i o n on J u l y 30, 1991 f r o m B a n c O n e Corporation, Columbus, Ohio, to a c q u i r e P r e m i e r Bancorp, Inc., B a t o n Rouge, Louisiana. * Not Yet Known # SECTION I I I - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n on J u l y 29, 1991 f r o m B a n c O n e Corporation, Columbus, Ohio, to a c q u i r e M a r i n e I n v e s t m e n t M a n a g e m e n t Company, Springfield, Illinois, a w h o l l y - o w n e d s u b s i d i a r y of M a r i n e C o r poration, Springfield, Illinois. * * N F # - S u b j e c t to CR A Newspaper Comment Period Federal Register Comment Period E x p e c t e d to end a p p r o x i m a t e l y 30 d a y s f r o m th e d a t e of r e c e i p t of t h e a p p l i c a t i o n Not Yet Known # AVAILABILITY OF CRA PUBLIC EVALUATIONS (August 3, 1991) T h e f o l l o w i n g state m e m b e r banks h a v e b e e n e x a m i n e d by the 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 for c o m p l i a n c e w i t h T h e C o m m u n i t y R e i n v e s t m e n t Act. A public evaluation document became available f r o m t h e bank(s) l i sted b e l o w d u r i n g the w e e k e n d e d A u g u s t 3, 1991. If y o u are i n t e r e s t e d in o b t a i n i n g a c o p y of an e v a l u a t i o n document, p l e a s e c o n t a c t the bank(s) directly. NONE Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Union Bank and Trust Company, Bowling Green, Virginia, application to establish an Electronic Funds Transfer Facility at the Petro Travel Plaza near the intersection of Carmel Church Road, Interstate 95 and Virginia Route 207, Ruther Glen, Virginia. 8-30-91 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None. Section III - Applications Subject to Federal Register Notice Application Comment Period Ending Date Signet Banking Corporation, Richmond, Virginia, for prior approval to acquire 25.3% of Credit Systems, Incorporated, St. Louis, Missouri. Not Yet Available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. Federal 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 ulletin for W e e k Ending A u g u s t 2. 1991 S e c t i o n 1 - A p p l i c a t i o n s S u b j e c t to N e w s p a p e r N o t i c e O n l y Application C o m m e n t P e r i o d E n d i n g D ate None. Section 2 - Applications Subject To Both N e w s p a p e r and F e d e r a l R e g i s t e r N o t i c e Application C o m m e n t P e r i o d E n d i n g Date None. S e c t i o n 3 - A p p l i c a t i o n s S u b j e c t to Fede r a l Register Notice Only Application C o m m e n t P e r i o d E n d i n g D ate First State Corporation A l b a n y , Georgia To e s t a b l i s h R a n d o l p h C o u n t y Savings a n d L o a n A s s o c i a t i o n of Cuthbert, Cuthbert, Georgia, an i n t e r i m savings a s s o c i a t i o n , to a c q u i r e c e r t a i n assets a n d a s s u m e c e r t a i n liab i l i t i e s of R a n d o l p h C o u n t y F e d e r a l Sa v i n g s and L o a n Association, Cuthbert, Georgia, p u r s u a n t to Sect i o n 4 ( c ) (8) of t h e B a n k H o l d i n g C o m p a n y A c t and t h e O a k a r A m e n d m e n t of FIRREA. Not yet available* S e c t i o n 4 - A p p l i c a t i o n s N o t S u b j e c t to F e d e r a l R e g i s t e r N o t i c e or N e w s p a p e r N o t i c e Application None. Availability of CRA Public Evaluations Week ending August 2, 1991 Examination Date F & M Bank 9401 W. Broad Street Richmond, Virginia 23294-5331 5-3-91 Bank of Northern Virginia 1010 North Glebe Road Arlington, Virginia 22201 5-20-91 Benchmark Community Bank P. 0. Box 569 Kenbridge, Virginia 23944 5-28-91 S e c t i o n 10 - A v a i l a b i l i t y of C R A P u b l i c E v a l u a t i o n s T h e C R A p u b l i c e v a l u a t i o n s of the i n s t i t u t i o n s l i s t e d b e l o w bec a m e a v a i l a b l e d u r i n g the w e e k e n d i n g A u g u s t 2, 1991. I n f o r m a t i o n a bout an i n s t i t u t i o n 's C R A e v a l u a t i o n m a y be o b t a i n e d d i r e c t l y f r o m the institution. Bank E x a m i n a t i o n D ate None. ♦ S u b j e c t to P r o v i s i o n s of C o m m u n i t y R e i n v e s t m e n t Act. Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Rnriinrr H ate Application Type Membership Prairie Bank and Trust Company N - 8-28-91 Bridgeview, Illinois (in organization) To become a member in the Federal Reserve System* Branch Relocation Hawkeye Bank & Trust of Des Mcines Des Moines, Icwa N From 5700 Hickman Road to 4045 Marie Hay Road Des Moines, Iowa* Type Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Fnriinq TYrto Application Y-2 F.W.S.F. Corporation Milwaukee, Wisconsin Cumberland Financial Services, Inc. Edina, Minnesota Northwestern State Bank Cumberland, Wisconsin* FR - 8-6-91 N - 8-10-91 Y-2 Firstar Corporation Milwaukee, Wisconsin Cumberland Financial Services, Inc. Edina, Minnesota Northwestern State Bank Cumberland, Wisconsin* FR - 8-6-91 N - 8-10-91 CoC-HC Empire Banc Corporation FR - 8-19-91 Traverse City, Michigan N - 7-29-91 Empire National Bank of Traverse City ESGT Traverse City, Michigan Y-2 Country Bancorporation Crawfordsvil le, Iowa Center Point Banshares Corp. Crawfordsville, Iowa Iowa State Bank and Trust Company Center Point, Icwa* Y-2 Country Bancorporation Crawfordsville, Iowa Crawfordsville Insurance Agency, Inc. Crawfordsville, Iowa Peoples Savings Bank Crawfordsville, Iowa* Y-2 Country Bancorporation Crawfordsville, Iowa Peoples Trust and Savings Bank Riverside, Iowa* FR - 8-12-91 N - ** FR - 8-12-91 N - ** FR - 8-12-91 N - ** 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 t-irre Federal Reserve Bank of Chicago Type Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued Comment Period Application Ending nate Y-l Gifford Bancorp, Inc. Employee Stock Ownership Plan Gifford, Illinois FR - 8-19-91 N - 8-19-91 Gifford Bancorp, Inc. Gifford, Illinois The Gifford State Bank Gifford, Illinois* Y-2 Central Illinois Bancorp, Inc. Sidney, Illinois Arrowsmith State Bank Arrowsmith, Illinois* FR - 8-21-91 N - ** Y-2 First Michigan Bank Corporation Holland, Michigan FMB-Trust and Financial Services National Association (in organization) Holland, Michigan* FR - ** N - 6-29-91 Y-l Heartland Bancshares, Inc. Lenox, Iowa First Community National Bank Coming, Iowa* FR - ** N - 8-1-91 Section III - Applications Subject to Federal Register Notice Only Ccmnent Period Type Application 4(c)(8) First Chicago Corporation Chicago, Illinois G-W Life Insurance Company Wheaton, Illinois FR - 8-12-91 4(c)(8) Gary-Wheaton Corporation Wheaton, Illinois G-W Life Insurance Company Wheaton, Illinois FR - 8-12-91 4(c)(8) NBD Bancorp, Inc. Detroit, Michigan First Fidelity Trust, N.A. Florida Boca Raton, Florida FR - ** Ending Date 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 02, 1991. B ANK NAME/LOCATION EXAMINATION DATE -The Shelby County State Bank 130 South Morgan Shelbyville, Illinois 62565 4/22/91 -Old Kent Bank - Chicago Sears Tower 233 South Wacker Drive Chicago, Illinois 60606 4/15/91 Federal Reserve Bank of St. Louis FOR THE WEEK ENDING AUGUST 2, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period Section 18(c) application by Teutopolis State Bank, Teutopolis, Illinois to merge with Teutopolis Interim Bank, Teutopolis, Illinois Not yet available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period Section 3(a)(1) application by Teutopolis Holding Company, Teutopolis, Illinois to acquire Teutopolis State Bank, Teutopolis, Illinois Not yet available Section 3(a)(1) application by Golden Financial Corporation, Elizabethtown, Kentucky to acquire Fort Knox National Bank, Fort Knox, Kentucky Newspaper: 9-1-91 Section 3(a)(1) application by First Cecilian Bancorp, Inc., Cecilia, Kentucky to acquire The Cecilian Bank, Cecilia, Kentucky Newspaper: 9-3-91 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application None. End of Comment Period SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period Stock Redemption notification by Trans Financial Bancorp, Inc., Bowling Green, Kentucky Not applicable Section 9 application by Teutopolis Interim Bank, Teutopolis, Illinois for membership in the Federal Reserve System Not applicable This application is subject to CRA. Federal Reserve Bank of St. Louis FOR THE VEEK ENDING AUGUST 2, 1991 AVAILABILITY OF CRA PUBLIC DISCLOSURES Bank Name None Bank Address Examination Date 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 The Fischer Corporation Lewiston, MN To acquire 66.67% of the voting shares of Ostrander Bancshares, Inc., Ostrander, MN, a obhc owning the Ostrander State Bank, Ostrander, MN* 8-19-91 (Federal Register) Beulah Bancorporation, Inc. Beulah, ND To acquire 100% of the voting shares of D & B Holding Company, Inc., Beulah, ND, a obhc owning the Bank of Beulah, Beulah, ND* Not yet available GB Financial Services, Inc. Greenbush, MN To acquire 52.55% of the voting shares of Greenbush Bancshares, Inc. , Greenbush, MN, a obhc owning the Greenbush State Bank, Greenbush, MN* Not yet available Section III - Applications Subject to Federal Register Notice Only Comment Period Application Norwest Corporation Mpls, MN To engage in general insurance agency activities through the acquisition of the insurance book of business of Norwest Bank Wisconsin East Central, Sheboygan, Wisconsin. * Subject to CRA Ehdinfi Pet#— 8-16-91 FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Lake Elmo Bancorp, Inc. Lake Elmo, MN To redeem 11.6% of its voting shares. Financial Services of Lowry, Inc. Lowry, MN To redeem 2.85% of its Class A voting common stock and 99.59% of its voting preferred stock. FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending August 2, 1991 Address/ City/State Phone Number/ Examination Date American State Bank P. 0. Box 2530 Rapid City, SD (605) 348-3322 May 6, 1991 Belt Valley Bank P. 0. Box 196 Belt, MT (406) 277-0196 May 13, 1991 Bank Name Federal Reserve Bank o f Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE A l p i n e Bank, Basalt, Colorado, for p r i o r a p p r o v a l to e s t a b l i s h a branch at H w y 82 & El Jebel Road, El Jebel, Colorado.* Not A v a i l a b l e A l p i n e Bank & Trust, G l e n w o o d Springs, Colorado, to e s t a b l i s h a b r a n c h at B a t t l e m e n t Mesa, Color a d o . * Not A v a i l a b l e SECTION I I - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Fi r s t N a t i o n a l J o h n s o n Bancshares, Inc., Johnson, Nebraska, for prior a p p r o v a l to b e c o m e a bank holding c o m p a n y th r o u g h the a c q u i s i t i o n of 93 p e r c e n t of the voting shares of First N a t i o n a l Bank of Johnson, Johnson, N e b r a s k a .* Not A v a i l a b l e A m F i r s t F i n a n c i a l Services, Inc., M c Cook, N e b r aska, for prior approval to a c q u i r e 100 pe r c e n t of the voting s h ares of State Bancshares, Inc., Be n k e l m a n , N e b r a s k a . * Not A v a i l a b l e Fir s t U n i v e r s a l Bancorp o r a t i o n , Inc., Aurora, Colorado, for prior a p p roval to a c q u i r e 87.75 pe r c e n t of the v o t i n g s h ares of Bank of the West, Parker, C o l o r a d o . * Not A v a i l a b l e J a m e s H. Kruger, Omaha, Nebraska, for p r i o r a p p r o v a l to ac q u i r e 11.6 percent of the v o ting shares of Fir s t C o n t i n e n t a l Financial, Inc., Omaha, Nebraska. Not A v a i l a b l e Federal Reserve Bank o f Kansas City S E C T I O N III - A P P L I C A T I O N S S U B J E C T T O F E D E R A L R E G I S T E R N O T I C E O N L Y APPLICATION COMMENT PERIOD ENDING DATE None. S E C T I O N IV - A P P L I C A T I O N S N O T S U B J E C T T O F E D E R A L R E G I S T E R N O T I C E OR NEWSPAPER NOTICE APPLICATION None. SECTION X ~ AVAILABILITY OF CRA PUBLIC EVALUATIONS BANK/LOCATION EXAMINATION DATE None. *Application is subject to CRA FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JULY 29, 1991 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP ♦Section 9 application received from Sulphur Springs State Bank, Sulphur Springs, TX, to establish a branch at 5804 Wesley Street, Greenville, TX 08/27/91 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ** NOTICE EXP Change in Control Notice by Robert C. Cudd, III, Monroe, LA, to acquire an interest in Central Corporation, Monroe, LA 07/26/91 Change in Control Notice by Joseph M. Henry, and Juanita B. Henry, Natchitoches, LA, to acquire an interest in Exchange Bancshares, Inc., Natchitoches, LA 08/12/91 Change in Control Notice by Allen Lamar Smith, Springhill, LA, to acquire an interest in Citizens Bankshares of Springhill, Inc., Springhill, LA 08/13/91 Change in Control Notice by Sidney Louis Knopf, Dallas, TX, to acquire an interest in EastPark Bancshares, Inc., Dallas, TX N/A ♦Section 3(a)(1) application by Big Bend Bancshares Corp., Presidio, TX, to acquire Rio Bancshares Corporation, Wilmington, DE, and First Presidio Bank, Presidio, TX 08/27/91 ♦Section 3(a)(1) application by Rio Bancshares Corporation, Wilmington, DE, to acquire First Presidio Bank, Presidio, TX 08/27/91 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. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF JULY 29, 1991 Bank Date of Examination None. * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 8/02/91 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 Commercial Bancorp, Salem, Oregon, to acquire Farmers and Merchants Bank, Forest Grove, Oregon. * Newspaper: 8/23/91 Fed. Rea.: 8/19/91 AmFirst Bancorporation, Everett, Washington, to become a bank holding company by acquiring American First National Bank, Everett, Washington. * Newspaper: 8/30/91 Fed. Rea.: 8/27/91 Harry T. Goss, Phoenix, Arizona, to retro actively increase his ownership from 8.85 to 14.99 percent of Republic National Bancorp, Inc., Phoenix, Arizona. Newspaper: Not available Fed. Rea.: 8/27/91 Section III - Applications Sub.iect to Federal Register Notice Only None Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None Section V - Availability of CRA Public Evaluations Information about a particular institution's CRA evaluation may be obtained directly from the institution. Institution None * Subject to CRA Location Examination Date
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