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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1996, No. 35 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending August 31, 1996 ACTIONS TAKEN BY THE BOARD OF SOVEJUfOKS BANK BRANCHES. DOMESTIC C o m m unity Bank of Nevada, Las Vegas, Nevada -- to establish a branch at 2887 South Maryland Parkway. Approved, August 28, 1996. BANK HOLDING COMPANIES First Merchants Corporation, Muncie, Indiana -- to merge with Randolph County Bancorp, Winchester, Indiana, and acquire Randolph County Bank. Approved, August 28, 1996. First State Bancshares of Blakely, Inc., Blakely, Georgia - - t o acquire First Southwest Bancorp, Inc., Donalsonville, Georgia, and First Federal Savings Bank of Southwest Georgia. Denied, August 26, 1996. Norinchukin Bank, Tokyo, Japan - - t o make additional investments in Zen-Noh Grain Corporation, Covington, Louisiana. Permitted, August 27, 1996. INTERNATIONAL OPERATIONS NationsBank N.A., Charlotte, North Carolina -- to make an additional investment in NationsBank Europe Limited, London, England. Permitted, August 30, 1996. REGULATIONS AND POLICIES Safety and soundness standards -- adoption of final guidelines for implementing the asset quality and earnings standards of section 132 of the Federal Deposit Insurance Corporation Improvement Act (Docket R-0766). Announced, August 27, 1996. H.2 AUGUST 26, 1996 PAGE 2 TO AUGUST 30, 1996 ACTZONS 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 Chicago Chemical Bank and Trust Company, Midland, Michigan to establish a branch at 7295 Alger Road, Alma, Michigan. Approved, August 30, 1996. Dallas Citizens Bank and Trust Company of Baytown, Baytown, Texas - - t o establish a branch at 4801 Highway 146 at Massey/Tompkins Road. Approved, August 26, 1996. Secretary Citizens Bank of Ardmore, Ardmore, Oklahoma - - t o establish an ATM at 2000 West Broadway. Approved, August 29, 1996. Kansas City Citizens Bank of Edmond, Edmond, Oklahoma - - t o establish a branch at the southeast corner of Santa Fe Avenue and Southwest 15th Street. Approved, August 28, 1996. Kansas City Community Bank 8 Trust Co., Warr Acres, Oklahoma to establish a branch at its current main office site, 5800 N.W. Expressway. Approved, August 26, 1996. Chicago Harris Trust nd Savings Bank, Chicago, Illinois -- to establish a branch at Cicero and 29th Street, Cicero, Illinois. Approved, August 30, 1996. Chicago M&I Bank of Racine, Racine, Wisconsin -- to establish a branch at 5201 Washington Avenue. Approved, August 29, 1996. Secretary U.S. Bank of Idaho, Boise, Idaho -- to establish a branch at Bonner Mall, 3295 Highway 95 North, Sandpoint, Idaho. Approved, August 29, 1996. H.2 AUGUST 26, 1996 PAGE 3 TO AUGUST 30, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK BRANCHES, DOMESTIC Dallas Zia New Mexico Bank, Tucumcari, New Mexico -- to establish a branch at 500 Parker Avenue, Santa Rosa, New Mexico. Returned, August 29, 1996. Chicago 1st Source Bank, South Bend, Indiana - - t o establish a branch at 1409 East Market Street, Nippanee, Indiana. Approved, August 30, 1996. BANK HOLDING COMPANIES Dallas Canton Financial Corp., Canton, Texas -- to acquire The First National Bank of Canton. Approved, August 29, 1996. Chicago Capitol Bankshares, Inc., Madison, Wisconsin -notification of intent to engage in lending activities through Capitol Mortgage Corporation. Permitted, August 30, 1996. Richmond Centura Banks, Inc., Rocky Mount, North Carolina -to acquire FirstSouth Bank, Burlington, North Carolina. Approved, August 30, 1996. Philadelphia Collective Bancorp, Inc., Egg Harbor, New Jersey -to acquire Continental Bancorporation, Laurel Springs, New Jersey, and engage in lending, insurance agency underwriting, and securities brokerage activities. Approved, August 30, 1996. Atlanta Liberty Financial Corporation, Atlanta, Georgia request for waiver of application to acquire Middle Georgia Bank, Byron, Georgia. Granted, August 29, 1996. H.2 AUGUST 26, 1996 PAGE 4 TO AUGUST 30, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago First Midwest Financial, Inc., Storm Lake, Iowa -- to acquire Central West Bancorporation, Casey, Iowa, and Security State Bank, Stuart, Iowa. Approved, August 28, 1996. Chicago First Midwest Financial, Inc., Storm Lake, Iowa -- to retain shares of First Federal Savings Bank of the Midwest. Permitted, August 28, 1996. Dallas Henderson Citizens Bancshares, Inc., Henderson, Texas -- to acquire Waskom Bancshares, Inc., Waskom, Texas, and First State Bank. Approved, August 26, 1996. Dallas Henderson Citizens Bancshares of Delaware, Inc., Dover, Delaware “- to acquire Waskom Bancshares, Inc., Waskom Texas, and First State Bank. Approved, August 26, 1996. San Francisco Iaperial Bancorp, Inglewood, California - - t o engage indirectly in the activity of servicing extensions of credit for credit cards through Pacific Bancard Association, Inc. Permitted, August 26, 1996. Kansas City King Bancshares, Inc., Kingman, Kansas -- to engage de novo in consumer lending through establishing Western Credit, Inc., Hutchinson, Kansas. Permitted, August 30, 1996. St. Louis Landrum Company, Columbia, Missouri - - t o acquire First Heritage National Bank, Ada, Oklahoma. Approved, August 28, 1996. Minneapolis Norwest Corporation, Minneapolis, Minnesota - - t o acquire American Bank Moorhead, Moorhead, Minnesota. Approved, August 30, 1996. H.2 AUGUST 26, 1996 PAGE 5 TO AUGUST 30, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COHPAN1ES Chicago Oak Bancorporation, Oakland, Iowa -- notification of intent to purchase certain loans from Oakland State Bank and Security State Bank. Returned, August 30, 1996. Atlanta Omni Bancshares, Inc., Metairie, Louisiana -- to acquire Omni Bank. Permitted, August 28, 1996. Atlanta PCB Bancorp, Inc., Johnson City, Tennessee -- to acquire Peoplefs Community Bank. Approved, August 26, 1996. Chicago Pinnacle Banc Group, Inc., Oak Brook, Illinois -- to acquire Financial Security Corp., Chicago, Illinois, and Security Federal Savings and Loan Association. Permitted, August 30, 1996. Atlanta Regions Financial Corporation, Birmingham, Alabama -to merge with American Bancshares of Houma, Inc., Houma, Louisiana, and acquire American Bank & Trust Company of Houma. Approved, August 28, 1996. Chicago River Holding Company, Stoddard, Wisconsin - - t o acquire River Bank. Approved, August 30, 1996. Secretary SouthTrust Corporation, Birmingham, Alabama, and SouthTrust of Florida, Inc., Jacksonville, Florida -- request for waiver of application for SouthTrust of Florida to merge with Heritage Bancshares, Inc., Fort Myers, Florida Granted, August 29, 1996. H.2 AUGUST 26, 1996 PAGE 6 TO AUGUST 30, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY 1AHC M O L M W OfPANIES St. Louis Southwest Missouri Bancshares, Inc., Ozark, Missouri - - t o acquire Southwest Community Bank, Approved, August 27, 1996. Secretary Wachovia Corporation, Winston-Salem, North Carolina - to engage de novo in providing tax advisory services through Wachovia Capital Markets, Inc., Atlanta, Georgia. Permitted, August 26, 1996. Cleveland Westwood Homestead Financial Corporation, Cincinnati Ohio - - t o acquire The Westwood Homestead Savings Bank. Approved, August 27, 1996. BANK MERGERS Richmond Centura Bank, Rocky Mountain, North Carolina -- to merge with FirstSouth Bank, Burlington, North Carolina, and to establish four branches. Approved, August 30, 1996. Chicago Mercantile Bank of Polk County, Des Moines, Iowa -to merge with Mercantile Bank of the Bluffs, Council Bluffs; Mercantile Bank of Boone, Boone; Mercantile Bank of Centerville, Centerville; Mercantile Bank of Chariton, Chariton; Mercantile Bank of Clay County, Spencer; Mercantile Bank of Humboldt County, Humboldt; Mercantile Bank of Jasper County, Newton; Mercantile Bank of Lyon County, Rock Rapids; Mercantile Bank of Mount Ayr, Mount Ayr; Mercantile Bank of Onawa, Onawa; Mercantile Bank of Osceola County, Sibley; and Mercantile Bank of Pella, Pella, Iowa, and to establish 36 branches. Approved, August 28, 1996. H.2 AUGUST 26, 1996 PAGE 7 TO AUGUST 30, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES San Francisco Community Bank of Nevada, Las Vegas, Nevada -investment in bank premises. Returned, August 28, 1996. BANKS. NONMEMBER. AND MISCELLANEOUS INSTITUTIONS San Francisco BayTech Federal Credit Union, Santa Clara, California, and First Charter Savings Bank, dba Heritage Savings Bank, St. George, Utah -deregistration pursuant to Regulation G. Approved, August 29, 1996. CAPITAL STOCK Kansas City Cook Investment, Inc., Beatrice, Nebraska -redemption of shares. Approved, August 27, 1996. CHANGE IN BANK CONTROL Atlanta Ferman Motor Car Company, Inc., Tampa, Florida -change in bank control. Permitted, August 30, 1996. Dallas First Bryson Bancorporation, Inc., Bryson, Texas -change in bank control. Returned, August 28, 1996. Dallas Marble Falls National Bank 401CK) Employee Stock Ownership Plan, Marble Falls, Texas -- change in bank control. Permitted, August 26, 1996. Dallas Texas Gulf Bancshares, Inc., Freeport, Texas -change in bank control. Permitted, August 30, 1996. COMPETITIVE FACTORS REPORTS Richmond American National Bank and Trust Company, Danville, Virginia, proposed purchase of certain assets and assumption of certain liabilities of the Yanceyville, North Carolina, branch of FirstSouth Bank, Burlington, North Carolina -- report on competitive factors. Submitted, August 27, 1996. H.2 AUGUST 26, PAGE 8 1996 TO AUGUST 30, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Kansas City American National Bank and Trust Company, Sapulpa, Oklahoma, proposed acquisition of the assets and assumption of the liabilities of the Tulsa branch of Heritage Bank, Mannford, Oklahoma -- report on competitive factors. Submitted, August 29, 1996. St. Louis Bank of Magnolia, Magnolia, Kentucky, proposed purchase of certain assets and assumption of certain liabilities of the Hodgenville, Kentucky, branch of The Fifth Third Bank of Kentucky, Inc., Louisville, Kentucky -- report on competitive factors. Submitted, August 29, 1996. Richmond CENIT Bank, FSB, Norfolk, Virginia, proposed acquisition of the assets and assumption of the liabilities of the Grafton, Hampton, Newport News, Norfolk, and Portsmouth branches of Essex Savings Bank, FSB, Elizabeth City, North Carolina -- report on competitive factors. Submitted, August 26, 1996. Philadelphia Chase Manhattan Bank USA National Association, Jericho, New York -- proposed merger with Chase Manhattan Bank USA National Association, Wilmington, Delaware -- report on competitive factors. Submitted, August 30, 1996. San Francisco First Citizens Bank, Sherman Oaks, California, proposed merger with California Federal Bank, A Federal Savings Bank, Los Angeles, California -report on competitive factors. Submitted, August 29, 1996. S t . Louis First National Bank of Carmi, Carmi, Illinois, proposed merger with The First National Bank of Enfield, Enfield, Illinois -- report on competitive factors. Submitted, August 29, 1996. H .2 AUGUST 26, 1996 PAGE 9 TO AUGUST 30, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS San Francisco First Public Savings Bank, F.S.B. ,Los Angeles, California, proposed merger with Cathay Bank -report on competitive factors. Submitted, August 27, 1996. San Francisco First Public Savings Bank, F.S.B., Los Angeles, California, proposed merger with Cathay Bank -report on competitive factors. Submitted, August 27, 1996, Atlanta First State Bancshares of Blakely, Inc., Blakely, Georgia, proposed acquisition of the assets and assumption of the liabilities of First Southwest Bancorp, Inc., Donalsonville, Georgia, and First Federal Savings Bank of Southwest Georgia -- report on competitive factors. Submitted, August 27, 1996. Kansas City FirstBank of Greeley, Greeley, Colorado, proposed acquisition of the assets and assumption of the liabilities of the Greeley branch of FirstBank of Northern Colorado, Fort Collins, Colorado -report on competitive factors. Submitted, August 27, 1996. Dallas International Bank of Commerce, Brownsville, Texas proposed acquisition of the assets and assumption of the liabilities of branches at 501 South Dixieland Road, Harlingen, and 1365 F.M. 802, Brownsville, of International Bank of Commerce, Laredo, Texas -- report on competitive factors. Submitted, August 26, 1996. St. Louis Planters and Stockmen Bank, Pocahontas, Arkansas, proposed purchase of the assets and assumption of the liabilities of the Pocahontas branch of Union Planters Bank of Northeast Arkansas, Jonesboro, Arkansas -- report on competitive factors. Submitted, August 27, 1996. H.2 AUGUST 26, 1996 PAGE 10 TO AUGUST 30, 1996 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY EXTENSIONS OF TIME Chicago Hinsbrook Bank & Trust, Willowbrook, Illinois -extension to July 14, 1997, to establish a branch at 718 Ogden Avenue, Downers Grove, Illinois. Granted, August 30, 1996. Richmond Peninsula Trust Bank, Incorporated, Gloucester, Virginia -- extension to April 12, 1997, to establish a branch at the intersection of U.S. Routes 33 and 17, Glenns, Virginia. Granted, August 29, 1996. Chicago Security State Bank, Stuart, Iowa - - t o become a member of the Federal Reserve System. Approved, August 28, 1996. MEMBERSHIP RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Chicago -- request to proceed with renovation of sixth floor of the Head Office building. Approved, August 28, 1996. H.2 AUGUST 26, 1996 PAGE 11 ADDITIONS AND CORRECTIONS TO AUGUST 30, 1996 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS AND POLICIES Capital adequacy -- final rule amending risk-based capital standards to incorporate a measure for market risk (Docket R-0884). Approved, August 7, 1996. Capital adequacy -- request for comment on a proposal to amend the risk-based capital guidelines for banks and bank holding companies regarding the treatment of collateralized transactions (Docket R-0930). Published, August 8, 1996. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL New York Sussex Bancorp, Franklin, New Jersey -- change in bank control. Returned, August 24, 1996. COMPETITIVE FACTORS REPORTS San Francisco First Nationwide Bank, A Federal Savings Bank, Dallas, Texas, proposed merger with California Federal Bank, A Federal Savings Bank, Los Angeles, California -- report on competitive factors. Submitted, August 23, 1996. FEDERAL RESERVE BANK OF BOSTON APPLICATIONS 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 Application Comment Period Ending Date The Royal Bank of Scotland Newspaper pic, Edinburgh, Scotland, The Governors and Company Federal Reqistf'er of the Bank of Ireland, Dublin, Ireland, Citizens Financial Group, Inc., Providence, Rhode Island - 3 ( a ) (3) application to acquire Farmers & Mechanics Bank, Middletown, Connecticut* 09-04-96 09-12-96 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Institution Examination Date Rating** NONE *Subject to CRA. **Rating Definitions: "O" - Outstanding; "S" - Satisfactory; Improve; "SN" - Substantial Noncompliance. "N" - Needs to FEDERAL RESERVE BA N K OF N E W Y O R K Comment Period Ending Date SECTION I Applications Subject to Newspaper _____ Notice Only______ Application by Marine Midland Bank, Buffalo, New York, to purchase certain assets and assume certain liabilities o f Morgan Guaranty Trust Co., o f New York, related to its US dollar clearing business.!/ 09/26/96 Summit Bank, Hackensack, New Jersey, to establish a branch at the Pathmark Supermarket, 115 Belmont Ave., Belleville, New Jersey. 1/ 09/22/96 Manufacturers and Traders Trust Company, Buffalo, New York, to establish branches at Edwards Super Food Stores supermarkets located at Snug Harbor Shopping Center, 351 Merrick Rd., Amityville, New York, and Edwards Plaza, 635 Middle County Rd., Selden, New York. 1/ 09/23/96 SECTION II Applications Subject to Both Newspaper and Federal Register Notice Notice by Summit Bancorp, Princeton, New Jersey, (1) to merge with Central Jersey Financial Corp., East Brunswick, New Jersey, and thereby to acquire Central Jersey Savings Bank, SLA, East Brunswick, New Jersey, and thus to engage in operating a savings association; and (2) to acquire under certain circumstances, up to 19.9 percent o f the shares o f Central Jersey Financial Corp. Application by Summit Bank, Hackensack, New Jersey, to merge with Central Jersey Savings Bank, SLA, and to establish branches at locations o f offices of Central Jersey Savings Bank and to engage in an Oakar transaction. 1/ SECTION III Nonbanking Applications (subject to Federal Register Notice Only 1 None. SECTION IV Applications Not Involving Public Comment Republic National Bank o f New York, New York, New York, to establish a branch in Taipei, Taiwan, Republic o f China. Chase Manhattan Bank USA, National Association, Wilmington, Delaware, to establish a branch in the Cayman Islands. 09/25/96 3/ SECTION V Availability of CRA Public Evaluations In connection with the assessment o f each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record o f meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f meeting community credit needs. An institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record o f meeting community credit needs. An institution in this group needs to improve its overall record 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 o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Week Ending August 31.1996 NAME OF BANK RATING None. 1/ Subject to provisions o f Community Reinvestment Act. 2/ Later of dates specified in newspaper and Federal Register notices. 2/ Date specified in newspaper notice; a later date may be specified in the Federal Register notice. 4/ Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available EXAMINATION DATE FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER NOTICE ONLY Sterling Bank. Mount Laurel, NJ to establish a branch office at Route 70 & Wexford Drive, Cherry Hill, NJ, pursuant to Section 9 o f the Federal Reserve Act. Newspaper comment period expires: 9/15/96 SECTION II - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION m - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY Fulton Financial Coporation. Lancaster, PA to engage in community development activities pursuant to Section 225.25(b)(6) of Regulation Y. Federal Register comment period expires: N/Avail *Sun Bancorp. Inc.. Selinsgrove, PA to engage in community development activities pursuant to Section 225.25(b)(6) of Regulation Y. Federal Register comment period expires: 09/17/96 CoreStates Financial Corp. Philadelphia, PA to engage de novo in underwriting and dealing in government securities through CoreStates Securities Corp, Philadelphia, PA, pursuant to Section 4(c)(8) of the Bank Holding Company Act and Section 225.25(b)(16) o f Regulation Y. Federal Register comment period expires: N/Avail SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NONE *Sun Bancorp, Inc., Selinsgrove, PA was returned on 8/28/96 - notice not required. FEDERAL RESERVE BA NK 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 30, 1996. 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 o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs 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 o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record 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 NONE NONE NONE APPLICATIONS BULLETIN (For the week ending August 31, 1996) SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Received notice from The Twin Valley Bank, West Alexandria, Ohio, on August 30, 1996, of its intent to establish a CBCT facility at the north west comer of 308 West Dayton Street, West Alexandria, Ohio. *September 30, 1996 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Received Section 4(c)(8) notice from National City Corporation, Cleveland, Ohio, on August 16, 1996, of its intent to acquire 51.000 percent of the voting shares of Muirfield Mortgage Limited Partnership. Not Yet Known # SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period # - Expected to End 30 Days from Date o f Receipt AVAILABILITY O F CRA PUBLIC EVALUATIONS (August 30, 1996) 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 30, 1996. 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 IM PRO V E: 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 COM PLIANCE: 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. NONE Federal Reserve Bank of Richmond Section I - Applications Sublect to Newspaper Notice Only Comment Period Ending Date Application First Virginia Bank-Colonial, Richmond, Virginia, to merge with First Virginia Bank-South Hill, South Hill, Virginia.* 9-21-96 Crestar Bank, Richmond, Virginia, to establish a branch in the Hannaford Brothers Grocery Store at the southeast corner of Iron Bridge and Chalkley Roads, Chester, Virginia.* 9-23-96 Crestar Bank, Richmond, Virginia, to establish branches in the Hannaford Brothers Grocery Stores at 11400 West Huguenot Road, Midlothian; 10921 Hull Street Road, Midlothian; 4816 South Laburnum Avenue, Richmond; and 9480 West Broad Street Road, Richmond, Virginia; and also to establish a branch in the Wal-Mart at 1851 West Main Street, Salem, Virginia.* 9-26-96 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 None. Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice Application None. *Application is subject to CRA requirements Federal Reserve Bank of Richmond Section V - Availability of CRA Public Evaluations Week ending August 30, 1996 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 con sistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination ____ Date The Marine Bank 6395 Maddox Boulevard Chincoteague, Virginia 23336 Virginia Commerce Bank 5350 Lee Highway Arlington, Virginia 22207 Rating 6-10-96 Satisfactory 6-10-96 Satisfactory Federal tteaary&_Bank of Atlanta Apal ig a ti onsJBu ll Q tin for-Weck Ending August 30, 1336, Recently Approved Arm li cat long Regions Financial Corporation &PPEQYaL.Date 08-28-56 Birmingham, Alabama To merge with American Banc shares of Houma, Inc., Houma# Louisiana, and thereby directly acquire its subsidiary, American BanJc & Trust Company of Houma, Houma, Louisiana, pursuant to Section 3(a) (5) of the Bank Holding Company Act. 08-29-96 Birmingham# Alabama Request for waiver of the application requirement of Section 3 (a) (5) o£ the Bonk Holding Company Act, along with SouthTrust of Florida, Inc,, Jacksonville, Florida, to merge with Heritage Bancshares, Inc., Fort Myers, Florida, and thereby directly acquire Heritage National Bank, Fort Myers, Florida, SouthTruot Corporation The Tampa Banking Company 08-30-96 Tampa, Florida After-the-fact change in control notice by Ferman Motor Car Company, Inc., Tampa, Florida, to retain 11.16 percent of the outstanding shares of The Tampa Banking Company, Tampa, Florida. Fisrst Liberty Financial corporation 08-29-96 Atlanta, Georgia Request for waiver of the application requirement o£ section 3(a) (X) of the Bank Holding Company Act to acquire Middle Georgia Bank, Byron, Georgia. Omni Bancshares, Inc. 08-28-96 Metairie, Louisiana Notice for 1-BHC formation# Omni Bank, Metairie, Louisiana. Citisane Community Bancshares, m u . Winchester, Tennessee Commitment modification request. 08-29-96 PCB Bancorp, Inc, 08~26-96 Johnson City, Tennessee 1-BHC formation, People’s Community Bank, Johnson City, Tennessee. Federal Bftflerva B a n k cf A t l a n t a Applications Bulletin for Week Ending A u g u s t 10— Recently Approved Applications Regions financial Corporation Approval Data 06*28-96 Birmingham, Alabama To marge with Ameriean Banc shares of Houma, Inc., Houma, Louisiana, and thereby directly acquire its subsidiary, American Bank a Trust Company of Houma, Houma, Louisiana, pursuant to Section 3(a)(5) of the Bank Holding Company Act. The Tampa Banking Company 08*30-96 Tampa, Florida After-the-fact change in control notice by Ferman Motor Car Company, Inc., Tampa, Florida, to retain 11.16 percent of the outstanding shares of The Tampa Banking Company, Tampa, Florida. First Liberty FinancialCorporation 08-29-96 Atlanta, Georgia Request for waiver of the application requirement of section 3(a) (l) of the Bank Holding Company Act to acquire Middle Georgia Bank, Byron, Georgia. Omni Bancshares, Inc. 08-29-96 Metairie, Louisiana Notice for l -b h c formation, Omni Bank, Metairie, Louisiana. Citizens Community Bancshares, Inc. Winchester, Tennessee Commitment modification request. 08-29-96 PCB Bancorp, Inc. 08-26-96 Johnson City, Tennessee l-BHC formation, People's Community Bank, Johnson City, Tennessee. Pi-H^r-al R e aerve B a n k of Atlanta Applications Bulletin for Week Ending August: 3Q. 1996 Section l - Applications Subject to Newspaper Notice Only Comment Period Boding Data Application 09-20-96* SunTrust Banlc, Atlanta Atlanta, Georgia To establish a branch at the Public Supermarket located at 130 Peachtree East Shopping Center. Peachtree City, Georgia, to be known as the Bast Peachtree City Branch. Section 2 - Applications subject to Both Mawflpapnr and Federal Register Notice Comment Period Ending Date A p p lic a tio n Not yet available* SoufchTxruofc Corporation Birmingham, Alabama Along with SouthTrust of Florida, Inc., Jacksonville, Florida, to acquire Preferred Bank, Palmetto, Florida, a federal savings bank, and thereby engage in operating a savings association, pursuant to Section 4(c) (8) of the Bank. Holding Company Act and Section 225.25(b)(9) of Regulation Y. Eberhardt, Inc. 09*27-96* Elberton, Georgia Newspaper After-the-fact application, along with its second tier bank holding company subsidiary, JAM Family Partnership II. Elberton, Georgia, to retain an additional 2.07 percent of Pinnacle Financial Corporation, Elberton, Georgia, and prior notice to acquire an additional 1.37 percent ownership, pursuant to Section 3(a)(3) of the Bank Holding Company Act. Total ownership will equal 25.54 percent. McConnell & Co. Elberton, Georgia Along with its second tier bank holding company 09-27-96* Newspaper subsidiary, JAM family Partnership I, Elberton. Georgia, to acquire an additional 3.97 percent of Pinnacle Financial Corporation, Elberton, Georgia, pursuant to Section 3 (a)(3) of the Bank Holding Company Act. Total ownership will equal 25.77 percent. Hibernia Corporation Not yet available* New Orleans, Louisiana To merge with Texarkana National Bancshares, Inc., Texarkana, Texas, and thereby directly acquire Texarkana National Bank, Texarkana, Texas, pursuant to Section 3 (a) (5) of the Bank Holding Company Act. ♦Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending August 30. 1996 Section 3 - Applications Sub-iect to Federal Register Only Application comment period Ending Date Citizens Corporation Not yet available Franklin, Tennessee Along with itB wholly-owned subsidiary, Harrison Group, Inc., Franklin, Tennessee, to engage directly in mortgage lending activities pursuant to section 225.25(b)(1) of Regulation Y and, through Financial Data Technology Corporation, Franklin, Tennessee, to engage in data processing activities pursuant to section 225.25(b)(7) of Regulation Y. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Deposit Guaranty Corp. Jackson, Mississippi Reguest for waiver of the application requirement of Section 3(a) (5) of the Bank Holding Company Act, for its subsidiary. Deposit Guaranty Louisiana Corp.. Shreveport, Louisiana, to merge with Tuscaloosa Bancshares, Inc., Denham Springs, iiouisiana, and thereby directly acquire Tuscaloosa Commerce Bank, Denham Springs, Louisiana. Federal Reserve Bank nf Atlanta Applications Bulletin for Week Ending August 30. 1996 Section in - tva i1ahi1 ifcu of CRA Public Btaluationfl The CRA public evaluations of the insured depository institutions listed below become available during this week. Information about an institution's CRA evaluation may be obtained directly freon the institution. In connection with the assessment of an institution's CRA performance, a rating in assigned from the following groups: Outfltandlno 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 coomunity, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. 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. 3 a H a f a c t o r y record of meeting community credit needs: Weeds to Hiwnrnvn record of meeting community credit nee d s t An institution naads 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 noncompllance in meeting community credit needst 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. Bank gRA Rating Levy County State Bank 2012 North Young Blvd. chiefland, Florida 32626 Satisfactory (904)493-2571 Date os-20-96 Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Type Application Branch NAB Bank Chicago, Illinois 250 West Cermak Road Chicago, Illinois NP -9-22-96 EFT Bankers Trust Company Des Moines, Iowa Des Moines General Hospital 603 E. 12th Street Des Moines, Iowa NP - 8-26-96 Branch Cole Taylor Bank Chicago, Illinois Southwest Corner of Skokie Boulevard and Golf Road Skokie, Illinois NP - 9-20-96 EFT Old Kent Bank Grand Rapid, Michigan 708 Perry Street Big Rapids, Michigan NP - 9-9-96 EFT Firstar Bank Wisconsin Madison, Wisconsin 841 Main Avenue De Pere, Wisconsin NP - 9-12-96 Branch Garrett State Bank Garrett, Indiana 1341 S. Randolph Street Garrett, Indiana NP - 9-9-96 NP - Newspaper FR - Federal Register * - Subject to Provisions of Community Reinvestment Act ** - Not available at this time Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper Notice Only Type Application Merger/Branch Mercantile Bank of Polk County Des Moines, Iowa Mercantile Bank of The Bluffs Council Bluff, Iowa Mercantile Bank of Boone Boone, Iowa Mercantile Bank of Centerville Centerville, Iowa Mercantile Bank of Chariton Chariton, Iowa Mercantile Bank of Clay County Spencer, Iowa Mercantile Bank of Humboldt County Humboldt, Iowa Mercantile Bank of Jasper County Newton, Iowa Mercantile Bank of Lyon County Rock Rapids, Iowa Mercantile Bank of Marshalltown Marshalltown, Iowa Mercantile Bank of Mount Ayr Mount Ayr Mercantile Bank of Onawa Onawa, Iowa Mercantile Bank of Osceola County Sibley, Iowa Mercantile Bank of Pella Pella, Iowa, and to establish 36 branches Comment Period Ending Date NP - 8-26-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application 3(a)(1) Hometown Financial Corporation* Flanagan, Illinois Flanagan State Bank Flanagan, Illinois FR - 9-27-96 NP - ** 3(a)(3) Northern Trust Corporation* Chicago, Illinois Metroplex Bancshares, Inc. Dallas, Texas Metroplex Delaware Financial Corporation Dallas, Texas Bent Tree National Bank Dallas, Texas FR - 9-27-96 NP - 9-19-96 3(a)(1) FirstValue Corp* Appleton, Wisconsin Tigerton Bancorporation, Inc. Tigert.)i:, Wisconsin First National Bank in Tigerton Tigerton, Wisconsin FR - 8-19-96 NP - 9-1-96 3(a)(3) American Bancshares, Inc.* Holstein, Iowa Farmers State Bank Charter Oak, Iowa FR - 9-16-96 NP - 9-7-96 3(a)(3) Ida Grove Bancshares, Inc.* Ida Grove, Iowa Farmers State Bank Charter .Oak, Iowa FR - 9-16-96 NP - 9-7-96 3(a)(3) Stichting Administratiekantoor ABN AMRO Holding* Amsterdam, The Netherlands CNBC Bancorp, Inc. Chicago, Illinois Columbia National Bank of Chicago Chicago, Illinois FR - 9-13-96 NP - 9-23-96 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice cont’d Comment Period Ending Date Type Application 3(a)(3) Stichting Prioritiet ABN AMRO Holding* Amsterdam, The Netherlands CNBC Bancorp, Inc. Chicago, Illinois Columbia National Bank of Chicago Chicago, Illinois FR - 9-13-96 3(a)(3) ABN AMRO Bank N.V.* Amsterdam, The Netherlands CNBC Bancorp, Inc. Chicago, Illinois Columbia National Bank of Chicago Chicago, Illinois FR - 9-13-96 NP - ** 3(a)(3) ABN AMRO Holding, N.V.* Amsterdam, The Netherlands CNBC Bancorp, Inc. Chicago, Illinois Columbia National Bank of Chicago Chicago, Illinois FR - 9-13-96 jsjp - ** 3(a)(3) ABN AMRO North America, Inc.* Chicago, Illinois CNBC Bancorp, Inc. Chicago, Illinois Columbia National Bank of Chicago Chicago, Illinois FR - 9-13-96 NP - ** 3(a)(1) Kerkhoff L.P.* Red Oak, Iowa Southwest Financial Group of Iowa, Inc. Red Oak, Iowa Houghton State Bank Red Oak, Iowa FR - 9-16-96 NP - 9-23-96 3(a)(3) First American Bank Corporation* Elk Grove Village, Illinois Oak Park River Forest Bankshares, Inc. Oak Park, Illinois Community Bank of Oak Park River Forest Oak Park, Illinois (in organization) FR - 9-13-96 NP - 9-15-96 Jsfp . ** Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice Cont’d Comment Period Ending Date Type Application 3(a)l) Schofield Bancorporation, Inc.* La Crosse, Wisconsin Intercity State Bank Schofield, Wisconsin FR - 9-20-96 NP - ** 3(a)(1) Taylor Capital Group, Inc.* Wheeling, Illinois Cole Taylor Bank Chicago, Illinois PR . ** jvjp . ** 3(a)(1) TDI Financial Corporation* Chicago, Illinois Security Chicago Corporation Chicago, Illinois First Security Bank of Chicago Chicago, Illinois FR - 8-29-96 NP - 8-29-96 3(a)(1) Lewis Management Company* Morris, Illinois Illinois Valley Bancorp, Inc. Morris, Illinois Grundy County National Bank Morris, Illinois FR - 8-29-96 NP - 8-26-96 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only cont’d Comment Period Ending Date Iym. Application 4(c)(8) Bancsecurity Corporation Marshalltown, Iowa Marshalltown Financial Corporation Marshalltown, Iowa Marshalltown Savings Bank, FSB Marshalltown, Iowa FR - 8-28-96 NP - 9-6-96 4(c)(8) Stichting Administratiekantoor ABN AMRO Holding Amsterdam, The Netherlands Columbia Financial Services, Inc. Chicago, Illinois CNBC Development Corporation Chicago, Illinois CNBC Investment Corporation Chicago, Illinois CNBC Leasing Corporation Chicago, Illinois Sky Finance Company Chicago, Illinois Sky Mortgage Company Chicago, Illinois FR - 9-13-96 4(c)(8) Stichting Prioritiet ABN AMRO Holding Amsterdam, The Netherlands Columbia Financial Services, Inc. Chicago, Illinois CNBC Development Corporation Chicago. Illinois CNBC Investment Corporation Chicago, Illinois CNBC Leasing Corporation Chicago, Illinois Sky Finance Company Chicago, Illinois Sky Mortgage Company Chicago, Illinois FR - 9-13-96 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only cont’d Comment Period Ending Date Type Application 4(c)(8) ABN AMRO Bank N.V. Amsterdam, The Netherlands Columbia Financial Services, Inc. Chicago, Illinois CNBC Development Corporation Chicago, Illinois CNBC Investment Corporation Chicago, Illinois CNBC Leasing Corporation Chicago, Illinois Sky Finance Company Chicago, Illinois Sky Mortgage Company Chicago, Illinois FR - 9-13-96 4(c)(8) ABN AMRO Holding, N.V. Amsterdam, The Netherlands Colum’; :a Financial Services, Inc. Chicago. Illinois CNBC Development Corporation Chicago, Illinois CNBC Investment Corporation Chicago, Illinois CNBC Leasing Corporation Chicago, Illinois Sky Finance Company Chicago, Illinois Sky Mortgage Company Chicago, Illinois FR - 9-13-96 4(c)(8) Stichting Prioriteit ABN AMRO Holding Amsterdam, The Netherlands Heigl Mortgage and Financial Corporation Bloomington, Minnesota FR - 9-19-96 4(c)(8) Taylor Capital Group, Inc. Wheeling. Illinois CT M e t gage Company, Inc. Altamonte Springs, Florida FR - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only cont’d Comment Period Ending Date Tm . Application 4(c)(8) ABN AMRO North America, Inc. Chicago, Illinois Columbia Financial Services, Inc. Chicago, Illinois CNBC Development Corporation Chicago, Illinois CNBC Investment Corporation Chicago, Illinois CNBC Leasing Corporation Chicago, Illinois Sky Finance Company Chicago, Illinois Sky Mortgage Company Chicago, Illinois FR - 9-13-96 4(c)(8) Oak Bancorporation Oakland, Iowa to purchase certain loans from Oakland State Bank and Security State Bank, and thereby make and service loans FR - 9-13-96 4(c)(8) ABN AMRO Bank N.V. Amsterdam, The Netherlands Heigl Mortgage and Financial Corporation Bloomington, Minnesota FR - 9-19-96 4(c)(8) ABN AMRO Holding, N.V. Amsterdam, The Netherlands Heigl Mortgage and Financial Corporation Bloomington, Minnesota FR - 9-19-96 4(c)(8) ABN AMRO North America, Inc. Chicago, Illinois Heigl Mortgage and Financial Corporation Bloomington, Minnesota FR - 9-19-96 4(c)(8) Stichting Administratiekantoor ABN AMRO Holding Amsterdam, The Netherlands Heigl Mortgage and Financial Corporation Bloomington, Minnesota FR - 9-19-96 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only cont’d Comment Period Ending Date Type Application 4(c)(8) I.S.B. Financial Corp. Oak Forest, Illinois making and servicing loans FR - 9-17-96 4(c)(8) Banque Indosuez Paris, France Breen Trust Company Houston, Texas FR - 9-19-96 4(c)(8) Banque Indosuez Paris, France Indosuez Carr Futures, Inc. Chicago, Illinois FR - 9-19-96 4(c)(8) Caisse Nationale de Credit Agricole S.A. Paris, France Breen Trust Company Houston, Texas FR - 9-19-96 4(c)(8) Caisse Nationale de Credit Agricole S.A. Paris, France Indosuez Carr Futures, Inc. Chicago, Illinois FR - 9-19-96 4(c)(8) Caisse Nationale de Credit Agricole S.A. Paris, France Indosuez Carr Futures, Inc. Chicago, Illinois Daniel Breen & Company, L.P. Houston, Texas FR - 9-19-96 4(c)(8) Decatur Financial, Inc. Decatur, Indiana to purchase stock in Independent Bankers Life Insurance Company of Indiana, Phoenix, Arizona and thereby engage in reinsuring credit life, accident and health insurance FR - 8-27-86 Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type None Application Federal Reserve Bank of Chicago Section V - Availability o f 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 30, 1996. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. Identification of Ratines 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 moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NI - An institution in this group has a needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN - An institution in this group has a substantial noncompliance 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 capabilies. BANK NAME/LOCATION Security State Bank 117 South Central Avenue Hartley, Iowa 51346-1413 (712) 728-2101 EXAMINATION DATE 5/13/96 RATINGS O Federal Reserve Bank of St. Louis FOR THE WEEK ENDING August 30, 1996 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period * Section 9 application by The Fifth Third Bank of Kentucky, Inc., Louisville, Kentucky, to establish a branch office at Lot 8, Maple Brook Subdivision at the intersection of Oscar Road and Chamberlain Lane, Louisville, Kentucky. 9-6-96 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER N O TIC E Application End of Comment Period Change in control notification involving First United Bancshares, Inc., El Dorado, Arkansas, by a control group consisting of Jackson T. Stephens, W. R. Stephens Trust, W. R. Stephens Revocable Trust, Warren A. Stephens Trust, Elizabeth Ann Stephens Campbell Trust, Stephens Group, Inc., and Bess C. Stephens Trust. Federal Register: 9-19-96 * Section 3(a)(3) application by Union Planters Corporation, Memphis, Tennessee, to acquire Financial Bancshares, Inc., St. Louis, Missouri. Newspaper: 9-28-96 * Section 3(a)(3) application by Community Bank Shares of Indiana, Inc., New Albany, Indiana, to acquire Community Bank of Southern Indiana, New Albany, Indiana, resulting from the conversion of its thrift subsidiary, Community Bank of Southern Indiana, FSB, New Albany, Indiana, into a commercial bank. Newspaper: 9-27-96 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period Section 4(c)(8) notification by Allegiant Bancorp, Inc., St. Louis, Missouri, to engage, dfi novo, in making, acquiring and servicing mortgage loans through a wholly-owned subsidiary, Edge Mortgage Services, Inc., St. Louis, Missouri (previously reported during the week ending August 16, 1996). 9-6-96 Section 4(c)(8) notification by Mountain Bancshares, Inc., Yellville, Arkansas, to engage, de novo, in providing tax planning and preparation services. 9-17-96 Section 4(c)(8) notification by Farmers Capital Bank Corporation, Frankfort, Kentucky, to engage, de novo, through a wholly owned subsidiary, FCB Services, Frankfort, Kentucky, in providing data processing services to unaffiliated financial institutions. 9-17-96 Section 4(c)(8) expedited notification by National Commerce Bancorporation, Memphis, Tennessee, to acquire Kenesaw Leasing, Inc., Knoxville, Tennessee. 9-19-96 SECTION TV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER N O TIC E OR NEWSPAPER NOTICE A pplication End of Comment Period Section 9 membership application by Bank of Rogers, Rogers, Arknasas (received during the week ending August 2, 1996). N/A Section 9 membership application by Bank of Mulberry, Mulberry, Arkansas. N/A Section 9 application by PNC Bank, Kentucky, Inc., Louisville, Kentucky, to invest in a community development project (low income housing project in Crestwood, Kentucky), that would result in the bank’s aggregate investments in community development projects exceeding 5 % of the bank’s capital stock and surplus. N/A FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY QF CRA PUBLIC DISCLOSURES I d e n t if ic a t io n o f R a tin g s : O u ts t a n d in g r e c o r d o f m e e t i n g c o m m u n i t y c r e d it n e e d s An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S a t i s f a c t o r y r e c o r d o f m e e t i n g c o m m u n i t y c r e d it n e e d 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. N e e d s to im p r o v e r e c o r d o f m e e t i n g c o m m u n i t y c r e d it 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 o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S u b s t a n t i a l n o n c o m p lia n c e in m e e t i n g c o m m u n i t y c r e d it n e e d s An institution in this group has a substantially deficient record of 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 August 30, 1996 Name of Bank The Scott County State Bank Bank Address Scottsburg, IN Examination Date Examination Rating 5/13/96 Satisfactory FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper N otice Only Comment Period Ending Date A pplication NONE. FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date A pplication Taylor Bancshares, Inc., North Mankato, Minnesota, for prior approval to increase its ownership to 16.0% o f the voting shares o f the First National Bank o f Fairfax, Fairfax, M innesota. * September 23, 1996 (Federal Register) Retroactive notification by Raye Plahn Trust, Shell Lake, W isconsin, to acquire control o f 10.52% of the voting shares o f Shell Lake Bancorp, Inc., Shell Lake, W isconsin. September 18, 1996 (Newspaper) Jorgenson H olding Company, Kenmare, North Dakota for prior approval to acquire 100% o f the voting shares o f the First National Bancshares, Inc., W illiston, North Dakota. * September 27, 1996 (Federal Register) Community First Bankshares, Inc., Fargo, North Dakota, for prior approval to acquire 100% o f the voting shares o f the M ountain Parks Financial Corp., Denver, Colorado. * September 27, 1996 (Federal Register) * Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register N otice Only Comment Period Ending Date A pplication C itizens D evelopm ent Company, Billings, Montana, to engage de novo in data processing activities. FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register N otice or Newspaper N otice Application NONE. September 17, 1996 F E D E R A L R E SE R V E BANK O F M IN N E A P O L IS Section V - Availability o f CRA Public Evaluations w eek ending August 3 0 ,1 9 9 6 ASSIGNM ENT OF RATING Identification o f Ratings In connection with the assessm ent o f each insured depository institution’s CRA performance, a rating is assigned from the follow ing groups: O U T ST A N D IN G RECORD OF M EETING COMMUNITY CREDIT N E E D S. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF M EETING COMMUNITY CREDIT N E E D S. 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. N EED S TO IM PROVE RECORD OF M EETING COMMUNITY CREDIT N E E D S. An institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low - and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SU B ST A N T IA L N O NCO M PLIANCE IN MEETING COMMUNITY CREDIT N E E D S. 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. BA N K tSl EX A M IN ED D A T E OF EXAMINATION CRA RATING Wadena State Bank 304 Southeast First, B ox 191 Wadena, M N 56482-0191 (218) 631-1860 April 1, 1996 Satisfactory Dacotah Bank P.O . Box 1210 Aberdeen, SD 57401 (605) 225-5611 April 22, 1996 Outstanding FED ERAL R ESER V E B A N K O F M IN N E A P O L IS Section V - Availability o f CRA Public Evaluations week ending A ugust 3 0 , 1996 BANK(S1 EX A M IN E D DATE OF EXAM INATIO N CRA RATING The Peninsula Bank 100 South M ain Ishpem ing, MI 49849 (906) 485-6333 May 20, 1996 Outstanding Federal Reserve Bank o f Kansas C ity SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONT.Y APPLICATION COMMENT PERIOD F. First United Bank, Parker, Colorado, for prior approval to establish an additional branch facility at 201 Wadsworth Boulevard, Lakewood, Colorado. Not Available Bank o f Star Valley, Aftou, Wyoming, for prior approval to establish a branch facility in Alpine, Wyoming. Not Available GDATE S E C T IQ N JU ^P P L IC A T IO N S SUBJECT TO B O TH N E W S P A P E R A N D F E D E R A L REGISTER N O T I C E r PERIOD ENDING D ATF. APPLICATION Mesquite Financial Corporation, Mesquite, Nevada, for prior approval to become a bank holding company through the acquisition o f 100 percent of the voting shares o f Mesquite State Bank, Mesquite, Nevada, in organization and Central Financial Corporation. Hutchinson, Kansas, for prior approval to acquire 52.25 percent of the voting shares of Mesquite Financial Corporation.* September 26, 1996 Premier Bancorp, Inc., Denver, Colorado, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Premier Bank, Denver, Colorado.* September 30, 1996 BERCO, Bennington, Kansas, for prior approval to acquire 10.99 percent of the voting shares of Front Range Bancshares, Inc., Littleton, Colorado.* Not Available SECTION I I I -A PPLIC A TIO N S SUBJECT TO FEDERAL R EG ISTER NOT IC E ONLY APPLICATION None. COMMENT PERIOD F.NDTNG DATE Federal Reserve Bank of Kansas C ity SECTION. IV -APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER N O TICE APPLICATION None. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification o f 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 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 arid capabilities. Needs to im prove 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 o f ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a maimer consistent with its resources and capabilities. Ban&Location None. *Application is subject to CRA. ExanyPajs CRA Public D a te ,. CRA Rating FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF AUGUST 26, 1996 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION Change in Control Notice by Sarah B laffer Hrdy, Davis, California, to acquire an interest in Texas Gulf Bancshares, Inc., Freeport, TX (Previously reported during the week of 7-1-96) ** NOTICE EXP 96/08/22 Change in Control Notice by Rayford Holley Reily and Martha Lou Reily (wife), Livingston, TX, to acquire an interest in Citizens State Financial Corporation, Corrigan, TX N/A Change in Control Notice by Ned S. Holmes, Houston, TX, to acquire an interest in Commercial Bancshares, Inc., Houston, TX N/A Change in Control Notice by Joe Dan Coe, Winnsboro, TX, to acquire an interest in Franklin National Bankshares, Inc., Mt. Vernon, TX N/A ♦ Section 3(a)(1) application by MainBancorp, Inc., Austin, TX, to acquire Maincorp Intermediate Holding Company, Inc., Wilmington, DE, ROSB Bancorp, Inc., Red Oak, TX, and MainBank, Red Oak, TX N/A ♦ Section 3(a)(1) application by Maincorp Intermediate Holding Company, Inc., Wilmington, DE, to acquire ROSB Bancorp, Inc., Red Oak, TX, and MainBank, Red Oak, TX N/A ♦ Section 3(a)(3) application by Texas Country Bancshares, Inc., Brady, TX, to acquire The First National Bank of Ballinger, Ballinger, TX N/A ♦ Section 3(a)(1) application by TCB Delaware, Inc., Dover, DE, to acquire Brady National Bank, Brady, TX N/A ♦ Section 3(a)(3) application by TCB Delaware, Inc., Dover, DE, to acquire The F irst National Bank of Ballinger, Ballinger, TX N/A SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE NOTICE ONLY APPLICATION NOTICE EXP Section 4(c)(8) de novo notification by Plains Capital Corporation, Lubbock, TX, to engage in data processing activities through Plains Service Corporation, Lubbock, TX N/A 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 26. 1996 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 cap ab ilities. 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 cap ab ilities. 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 cap ab ilities. Bank None. Date of Examination CRA Rating FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 8/30/96 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Apolications Subject to Both Newspaper and Federal Register Notice Scott Mariner Browning, San Diego, California, Gay Browning, Salt Lake City, Utah, and Diane Browning Oblock, Providence, Utah, to increase their ownership up to 26.08 percent each of First Utah Bancorporation, Salt Lake City, Utah. * Newspaper: Not Yet Available Fed. Rea.: Not Yet Available Section III -Applications Sub.iect to Federal Register Only Fremont Bancorporation, Fremont, California, to engage directly in commercial lending and loan servicing activities. Fed. Rea.: Not Available Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 8/30/96 Section V - A vailab ility of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during this week. Information about a particular institution’ s CRA evaluation may be obtained directly from the institution. Institution Farmers & Merchants Bank of Rockfgrd Location Examination Date 25 N. Mull an 4/29/96 P.0. Box 14917 Opportunity, WA 99214-0917 (509) 928-9600 Rating* Outstanding *Under the rating system an in stitu tion ’ s CRA performance is assigned one of the following four ratings: 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 cap ab ilities. Outstanding 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. Satisfactory Needs to Improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substanti al Noncompl i ance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderate-income neighborhoods, in a manner consistent with its resources and capabilities. The above listin g has been prepared as a courtesy by the Federal Reserve Bank of San Francisco, and is not intended to replace formal notices required by statute or regulation; the Reserve Bank assumes no responsibility for errors or omissions.
@FedFRASER