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ANNOUNCEMENT
B O A R D OF G O V E R N O R S
OF TH E
FEDERAL RESERVE SYSTEM
H.2, 1995, No. 31
A c t i o n s of the Board, its Staff, and
the Federal R e s e r v e Banks;
Applications and Reports Received
D u r i n g the W e e k E n d i n g A u g u s t 5, 1995
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
TESTIMONY AND STATEMENTS
Savings Association Insurance Fund (SAIF) and deposit
insurance more generally -- statement by Chairman
Greenspan before the Subcommittee on Financial
Institutions and Consumer Credit of the House
Committee on Banking and Financial Services,
August 2, 1995.
Published, August 2, 1995.
BANK HOLDING COMPANIES
Canadian Imperial Bank of Commerce, Toronto, Canada - to acquire certain assets and assume certain
liabilities of The Argosy Group L.P., New York, New
York, and The Argosy Securities Group L.P., and to
continue to engage in expanded underwriting and
dealing in riskless principal, private placement
and advisory activities through Wood Gundy
Corporation.
Permitted, July 31, 1995.
ENFORCEMENT
Bankers Trust New York Corporation, New York, New
York, Bankers Trust Company, and BT Securities
Corporation --amendment to the December 4, 1994,
written agreement by and with the Federal Reserve
Bank of New York to clarify the types of derivative
transactions covered by the written agreement.
Announced, August 4, 1995.
BCCI -- Bank of Credit and Commerce International
Federal Reserve, United States Department of
Justice, and the District Attorney for the County
of New York reached an agreement with Sheikh Hamaid
bin Mohammed Al-Sharqi of Fujairah, United Arab
Emirates, and Sheikh Humaid bin Rashid Al-Nuaimi of
Ajman, United Arab Emirates to settle potential
claims arising from the BCCI affair.
Announced, August 2, 1995.
H.2
JULY 31, 1995
PAGE 2
TO
AUGUST 4, 1995
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; FQMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES. DOMESTIC
Chicago
Bank of Lenawee, Adrian, Michigan - - t o establish a
mobile branch.
Approved, August 2, 1995.
Philadelphia
Bank of Mid-Jersey, Bordentown, New Jersey -- to
establish an in-store branch in the ShopRite
Supermarket at Routes 206 and 518, Montgomery
Township, New Jersey.
Approved, August 1, 1995.
Chicago
Bank of Pontiac, Pontiac, Illinois - - t o establish a
branch at 1703 Reynolds Street.
Approved, August
1995.
Atlanta
Georgia First Bank, Gainesville, Georgia - - t o
establish a branch at the Southeast corner of Spout
Springs Road and Holland Dam Road, Flowery Branch,
Georgia.
Approved, July 31, 1995.
Cleveland
Provident Bank, Cincinnati, Ohio -- to establish a
customer-bank communication terminal at the Drake
Center, 151 West Galbraith Road.
Approved, July 31, 1995.
Secretary
SouthTrust Bank of West Florida, St. Petersburg,
Florida -- to establish a branch at 1530 Pinehurst
Drive, Spring Hill, Florida.
Approved, August A, 1995.
Kansas City
State Bank 8 Trust Company, Colorado Springs,
Colorado -- to establish a mobile branch to operate
within a 15 mile radius of 111 South Tejon.
Approved, August 4, 1995.
H .2
JULY 31, 1995
PAGE 3
TO
AUGUST 9, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
A. E. Bancorp, Inc., Buffalo Grove, Illinois -- to
acquire American Enterprise Bank.
Approved, August 2, 1995.
St. Louis
Ambanc Corp., Vincennes, Indiana -- waiver of
application to acquire First Robinson Bancorp,
Robinson, Illinois.
Approved, August 3, 1995.
Kansas City
Aspen Bancshares, Inc., Aspen, Colorado -- to acquire
Val Cor Bancorporation, Inc., Cortez, Colorado.
Withdrawn, August 2, 1995.
St. Louis
Community First Financial Group, Inc., English,
Indiana - - t o acquire shares of Peninsula National
Bank, Rolling Hills Estates, California.
Approved, August 2, 1995.
Minneapolis
Dakota Heritage Banking Corporation, Chancellor,
South Dakota -- to acquire Dakota Heritage State
Bank.
Approved, August 1, 1995.
Kansas City
Equity Bancshares, Inc., Mulhall, Oklahoma --to
acquire Oklahoma State Bank.
Withdrawn, August 3, 1995.
San Francisco
First Hawaiian, Inc., Honolulu, Hawaii -- to make an
investment in Hawaii Affordable Housing Fund I
through Pioneer Federal Savings Bank and First
Hawaiian Credicorp, Inc.
Permitted, August 2, 1995.
Atlanta
FirstBancorp, Inc., Marathon, Florida -- to acquire
Gulf Coast National Bank of Naples, Naples,
Florida.
Approved, August 2, 1995.
Chicago
Garrett Bancshares Ltd., Bloomfield, Iowa -- to
engage de novo in lending activities.
Permitted, August 4, 1995.
Atlanta
Great Southern Bancorp, West Palm Beach, Florida -to acquire Great Southern Bank.
Approved, August 9, 1995.
H.2
JULY 31, 1995
PAGE 4
TO
AUGUST 9, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Horizon Bancorp, Michigan City, Indiana -- to engage
de novo in lending activities through The Loan
Store, Inc.
Permitted, August 3, 1995.
Chicago
Midstates Bancshares, Inc., Missouri Valley, Iowa -to engage in investment advisory services through
MidStates Financial Services, Inc., Harlan, Iowa.
Permitted, August 3, 1995.
Minneapolis
Norwest Corporation, Minneapolis, Minnesota -- to
acquire The First National Bank in Big Spring, Big
Spring, Texas.
Approved, August 1, 1995.
St. Louis
Peninsula Banking Group, Inc., Rolling Hills Estates
California -- to acquire PNBank, and Bay Cities
National Bank, Redondo Beach, California.
Approved, August 2, 1995.
Chicago
Princeton / LeClaire Agency, Inc., Princeton, Iowa to engage in leasing activities.
Permitted, August 1, 1995.
Secretary
Wachovia Corporation, Winston-Salem, North Carolina
-- to engage de novo in providing certain types of
investment or financial advice, arranging
commercial real estate equity financing, and
providing foreign exchange advisory and
transactional services through Wachovia Capital
Markets, Inc., Atlanta, Georgia.
Permitted, August 4, 1995.
H .2
JULY 31, 1995
PAGE 5
TO
AUGUST 4, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK MERGERS
Philadelphia
Orrstown Bank, Orrstown, Pennsylvania -- to acquire
certain assets and assume certain liabilities of
the branch at 15400 Path Valley Road, Spring Run,
Pennsylvania.
Approved, August 2, 1995.
BANXS. NONMEMBER. AND MISCELLANEOUS INSTITUTIONS
Richmond
Warrenton Farm Credit ACA, Warrenton, Virginia
registration statement.
Withdrawn, July 31, 1995.
BANKS. STATE MEMBER
Chicago
Hinsbrook Bank & Trust Co., Willowbrook, Illinois -•
to engage in trust activities.
Approved, August 2, 1995.
CHANGE IN BANK CONTROL
Atlanta
Brand Banking Company, Lawrenceville, Georgia -change in bank control.
Permitted, July 31, 1995.
Boston
Finest Financial Corporation, Pelham, New Hampshire
- change in bank control.
Permitted., August 4, 1995.
Minneapolis
First State Banking Corporation, Alcester, South
Dakota -- change in bank control.
Permitted, August 4, 1995.
Atlanta
LaFourche Bancshares, Inc., Larose, Louisiana -change in bank control.
Permitted, August 3, 1995.
COMPETITIVE FACTORS REPORTS
Richmond
American National Savings Bank, F.S.B., Baltimore,
Maryland, proposed merger with American National
Interim Savings Bank, F.S.B. -- report on
competitive factors.
Submitted, July 31, 1995.
H.2
JULY 31, 1995
PAGE 6
TO
AUGUST 4, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
New York
Chase Manhattan Bank, N.A., New York, New York,
proposed merger with Chase Manhattan Bank of New
Jersey, N.A. -- report on competitive factors.
Submitted, July 31, 1995.
Dallas
Coupland State Bank, Coupland, Texas, proposed merger
with Interim Coupland Bank -- report on competitive
factors.
Submitted, August 3, 1995.
Dallas
Farmers & Merchants National Bank of Kaufman,
Kaufman, Texas, proposed merger with Terrell State
Bank, Terrell, Texas -- report on competitive
factors.
Submitted, July 31, 1995.
Atlanta
First American National Bank, Nashville, Tennessee,
proposed merger with First American Trust Company,
N.A. -- report on competitive factors.
Submitted, August 2, 1995.
Dallas
First International Bank, Bedford, Texas, proposed
acquisition of the branch at 6828 Ranchester Drive,
Houston, Texas, of Pacific Southwest Bank, A FSB,
Corpus Christi, Texas -- report on competitive
factors.
Submitted, August 1, 1995.
St. Louis
First National Bank of Harrisburg, Harrisburg,
Illinois, proposed merger with The Bank of
Harrisburg -- report on competitive factors.
Submitted, August 3, 1995.
Dallas
First National Bank of Trenton, Trenton, Texas,
proposed merger with New Trenton Bank, Trenton,
Texas -- report on competitive factors.
Submitted, August 2, 1995.
Dallas
Liberty National Bank, Austin, Texas, proposed
acquisition of the assets and assumption of the
liabilities of Norwest Interim Bank Liberty,
National Association -- report on competitive
factors.
Submitted, August 1, 1995.
H .2
JULY 31, 1995
PAGE 7
TO
AUGUST 4, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Atlanta
Lowndes Bancshares, Inc., Hahira, Georgia, and
Commercial Banking Company, proposed conversion t
a unitary thrift holding company and a stock
savings and loan association -- report on
competitive factors.
Submitted, July 31, 1995.
Dallas
Parker Square Bank, National Association, Wichita
Falls, Texas, proposed acquisition of the assets
and assumption of the liabilities of First State
Bank in Archer City, Archer City, Texas -- report
on competitive factors.
Submitted, July 31, 1995.
Secretary
PTC Bank, Greenwich, Connecticut, proposed
acquisition of the assets and assumption of the
liabilities of The Putnam Trust Company of
Greenwich -- report on competitive factors.
Submitted, July 31, 1995.
Minneapolis
Security State Bank-Madison, Madison, Wisconsin,
proposed acquisition of the assets and assumption
of the liabilities of the Madison, Wisconsin,
branch of First Bank, fsb, Fargo, North Dakota -report on competitive factors.
Submitted, August 3, 1995.
Richmond
Wesbanco Bank Parkersburg, Parkersburg, West
Virginia, proposed merger with Wesbanco Bank
Elizabeth, Elizabeth, West Virginia -- report on
competitive factors.
Submitted, August 3, 1995.
EXTENSIONS OF TIME
Kansas City
Bancock Corporation, Cook, Nebraska -- extension to
September 31, 1995, to acquire The First National
Bank of SummerfieId, Summerfield, Kansas.
Granted, July 31, 1995.
San Francisco
Columbia Banking System, Inc., Tacoma, Washington extension to divest certain property.
Granted, August 2, 1995.
H.2
JULY 31, 1995
PAGE 8
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AUGUST 4, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
Atlanta
First American Corporation, Nashville, Tennessee -extension to November 8, 1995, to acquire Heritage
Federal Bancshares, Inc., Kingsport, Tennessee.
Granted, July 31, 1995.
Richmond
First Community Corporation, Columbia, South Carolina
-- extension to November 5, 1995, to acquire First
Community Bank, N.A., Lexington, South Carolina.
Granted, August *», 1995.
Philadelphia
InfiNet Payment Services, Inc., Hackensack, New
Jersey -- extension to consummate certain
activities,
Granted, August 1, 1995.
Atlanta
SunTrust Banks, Inc., Atlanta, Georgia -- extension
to November 7, 1995, to acquire shares of Peoples
Bank of Lakeland, Lakeland, Florida.
Granted, August 2, 1995.
INTERNATIONAL OPERATIONS
Director, BS&R
Republic International Bank of New York (Delaware),
Wilmington, Delaware -- home office of RIB Delaware
transferred to Wilmington, Delaware, from Beverly
Hills, California.
Approved, August 4, 1995.
St. Louis
Bay-Hermann-Berger Bank, Hermann, Missouri - -to
become a member of the Federal Reserve System.
Approved, July 31, 1995.
St. Louis
First Bank of Arkansas, Searcy, Arkansas - to become
a member of the Federal Reserve System.
Approved, August 2, 1995.
Minneapolis
M&I Bank Superior, Superior, Wisconsin - - t o become
member of the Federal Reserve System.
Approved, August 4, 1995.
MEMBERSHIP
H.2
JULY 31, 1995
PAGE 9
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AUGUST H, 1995
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGA7E0 AUTHORITY
RESERVE BANK SERVICES
Director, FRBO
Federal Reserve Bank of St. Louis - - t o reduce the
fees for the selected weekend Other Fed products
and to offer four new low dollar products.
Approved, August 3, 1995.
Director, FRBO
Federal Reserve Bank of San Francisco -- to implement
several account sorting products for Electronic
Check Presentment customers.
Approved, August 1, 1995.
Director, FRBO
Federal Reserve Bank of St. Louis --to add three new
group sort deposit options.
Approved, August 2, 1995.
H.2
JULY 31, 1995
PAGE 10
ADDITIONS AND CORRECTIONS
TO
AUGUST 4, 1995
ACTIONS TAKEN 8Y THE BOARD OF GOVERNORS
BOARD OPERATIONS
Ombudsman -- appointment of Barbara R. Lowery,
Associate Secretary of the Board, as Board
Ombudsman.
Approved, July 28, 1995.
ADDITIONS AND CORRECTIONS
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANKS■ FOREIGN
New York
Deutsche Genossenschaftsbank ("DG Bank” ) -- agreement
pursuant to section 8 of the Securities and
Exchange Act of 1934 concerning extensions of
credit to securities brokers and dealers.
Approved, July 3, 1995.
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
Comment Period Ending Date
Application
NONE
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Comment Period Ending Date
Application
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution
Merrill Merchants Bank
201 Main Street
P.O. Box 925
Bangor, Maine
04402-0925
Phone:
(207) 942-4801
Examination Date
5/31/95
Rating**
"S"
♦Subject to CRA.
♦♦Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
Improve; "SN" - Substantial Noncompliance.
"N" - Needs to
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
_______ Notice Only_______________
United Jersey Bank, Hackensack, New Jersey, to
establish an offsite electronic facility at
Helene Fuld Medical Center, 750 Brunswick
Avenue, Trenton, New Jersey. 1/
8/30/95
United Jersey Bank, Hackensack, New Jersey to
establish an offsite electronic facility at
Bergen Pines Hospital, 230 East Ridgewood Avenue,
Paramus, New Jersey. 1/
8/27/95
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
The 401k Plan and ESOP of United States Trust Company
of New York and Affiliated Companies, (1) to acquire
between 25 and 35 percent of the common shares of New
USTC Holdings Corporation, New York, New York
("New Holdings"), a bank holding company with respect
to New U.S. Trust Company of New York, New York, New
York; U.S. Trust Company of Texas, N.A. , Dallas, Texas;
and U.S. Trust Company of California, N.A., Los Angeles,
California; and (2) to engage through certain of New
Holdings' nonbanking subsidiaries in (a) trust company
functions, investment or financial advice, community
development, savings association operations, and
securities brokerage activities pursuant to
Sections 225.25(b)(3), (4), (6), (9), and (15) of
Regulation Y, and (b) riskless principal activities
pursuant to previous Board order. 1/
8/30/95 3/
SNBNY Holdings Limited, Gibraltar ("Applicant"), to
become a bank holding company by acquiring 8.29 percent
of the shares of Safra National Bank of New York, New
York, New York ("SNB"). Applicant, together with its
controlling shareholders, control at least 25 percent
of SNB's voting shares. 1/
9/3/95 3/
1/ Subject to the provisions of the Community Reinvestment Act.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice con't
Comment Period
Ending Date
Fleet Financial Group, Inc., Providence, Rhode Island,
Fleet New York, Inc., Albany, New York, and Fleet Bank,
Albany, New York, to merge Fleet Bank with Shawmut Bank
New York, N.A., Schenectady, New York, under the name
charter of Fleet Bank. 1/
9/5/95 2/
Banco Santander, S.A., Santander, Spain ("Santander"),
and its wholly-owned subsidiary, FFB Participacoes e
Servicos, S.A., Funchal, Portugal ("FFBPS"), pursuant
to Section 3(a)(3) of the Bank Holding Company Act
of 1956, as amended, to acquire approximately 11.4
percent of the outstanding shares of First Union
Corporation, Charlotte, North Carolina ("First
Union")
Santander and FFBPS are each bank holding
companies with respect to their ownership of 29.9
percent of First Fidelity Bancorporation,
Lawrenceville, New Jersey ("Fidelity")
Santander
and FFBPS will acquire the First Union shares in
consideration for their interest in Fidelity, which
will be acquired by First Union pursuant to a merger
agreement between First Union, Fidelity, and PKC,
Inc., a subsidiary of First Union. 1/
8/30/95 3/
SECTION III
Nonbanking Applications
(subject to Federal Register Notice Only)
HSBC Holdings pic, London, England, and HSBC Holdings
B.V., Amsterdam, The Netherlands (together,
"Notificants"), to acquire through Notificants'
indirect subsidiary, James Capel Incorporated,
New York, New York, an office of NatWest Securities
Corporation located in Washington, D.C., and thereby
to engage in providing investment and financial
advice pursuant to Section 225.25(b)(4)(iv) of
Regulation Y.
SECTION IV
Applications Not Involving
______ Public Comment______
N o ne.
1/ Subject to the provisions of the Community Reinvestment Act.
8/24/95
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depositoryinstitution's CRA performance, a rating is assigned from the
following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources an
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighbor
hoods, in a manner consistent with its resources and capabilities.
Week Ending August 5, 1995
NAME OF BANK
RATING
EXAMINATION DATE
None.
H| CNl co|
/
/
/
4/
Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Availables
F E D E R A L R E S E R V E B A N K OF P H I L A D E L P H I A
Section I - APPLICATIONS RECEIVED AND SUBJECT TO NEWSPAPER NOTICE ONLY
Meridian Bank, Reading, Pennsylvania to establish a branch office inside Redner's
Market, 2074 Fruitville Pike, Lancaster, Pennsylvania, pursuant to Section 9 of the
Federal Reserve Act.
Newspaper Notice comment period expires:
08/14/95
SECTION II - APPLICATIONS RECEIVED AND SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER
NOTICE
Financial Trust Coro, Carlisle, Pennsylvania to acquire Washington County National Bank,
Williamsport, Pennsylvania, pursuant to Section 3(a)(3) of the Bank Holding Company Act
of 1956, as amended.
Newspaper Notice comment period expires:
Federal Register comment period expires:
08/30/95
N/Avail
SECTION III - APPLICATIONS RECEIVED AND SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Sun Bancorp, Inc., Selinsgrove, PA requests approval to engage de novo in community
development activities through a 95% limited partnership interest in Mifflin Place
Associates, pursuant to Section 4(c)(8) of the Bank Holding Company of 1956, as amended
and Section 225.25(b)(6) of Regulation Y.
Federal Register comment period expires:
N/Avail
MBNA Corporation, Newark, Delaware to engage de novo in making, acquiring, and servicing
consumer loans and credit card loans; and engage in acquiring and servicing mortgage
loans, pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956, as amended
and Sections 225.25(b)(1)(i);(ii);(iii) of Regulation Y through its nonbank subsidiary
MBNA Consumer Services, Inc., Newark, Delaware.
Federal Register comment period expires:
N/Avail
MBNA Corporation, Newark, Delaware to engage de novo in offering credit insurance (life,
disability, and involuntary unemployment), pursuant to Section 4(c)(8) of the Bank
Holding Company Act of 1956, as amended and Sections 225.25(b)(8)(i) of Regulation Y
through its nonbank subsidiary MBNA Consumer Services, Inc., Newark, Delaware.
Federal Register comment period expires:
N/Avail
SECTION IV - APPLICATIONS RECEIVED AND NOT SUBJECT TO FEDERAL REGISTER NOTICE OR
NEWSPAPER NOTICE
NONE
FEDERAL RESERVE BANK OF PHILADELPHIA
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following institutions were examined for CRA. The 30-business day period the
bank has to make the evaluation public has lapsed during the week ending August
4, 1995
Identification of Ratings
In connection with the assessment of each insured depository institution's
CRA performance, a rating is assigned from the following groups:
Outstanding record of meeting community credit needs•
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Bank/Location
Premier Bank
379 N. Main Street
Doylestown, PA
Examination Date
03/20/95
CRA Rating
Satisfactory
F ed era l R eserv e Bank
of C leveland
P. 0 . BOX 6387
CLEVELAND, OHIO 4 4 10 1-13 87
APPLICATIONS BULLETIN
(For the week ending August 5, 1995)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Received prior notice from Fifth Third Bank of Columbus,
Columbus, Ohio, on July 25, 1995, of its intent to establish
to establish a branch facility at 3353 Cleveland Avenue,
Columbus, Ohio.
*August 18, 1995
SECTION n - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL
REGISTER NOTICE
NONE
SECTION m - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
NONE
SECTION
TV
- 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 of Receipt
AVAILABILITY OF CRA PUBLIC EVALUATIONS
(August 4, 1995)
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 4,
1995. 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:
OUTSTA N D IN G : 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.
SA TISFA CTO RY : 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 PR O 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 C O M PLIA N C E: a bank 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.
NONE
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
Signet Bank/Virginia, Richmond, Virginia,
for prior approval to merge with
Signet Bank/Maryland, Baltimore, Maryland.*
8-30-95
Southern Financial Bank, Warrenton, Virginia,
an organizing bank, for prior approval to merge
with Southern Financial Federal Savings Bank,
Warrenton, Virginia.*
9-5-95
Southern Financial Bank, Warrenton, Virginia,
for prior approval for membership in the Federal
Reserve System.*
9-5-95
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
First Union Corporation, Charlotte, North
Carolina, for prior approval to acquire First
Fidelity Bancorporation, Newark, New Jersey,
and Philadelphia, Pennsylvania.*
9-1-95**
First Union Corporation of New Jersey, Newark,
New Jersey, for prior approval to become a
bank holding company through the acquistion of
First Fidelity Bank, N.A., Elkton, Maryland; First
Fidelity Bank, Stamford, Connecticut; First
Fidelity Bank, Delaware, Wilmington, Delaware;
and First Executive Bank, Philadelphia,
Pennsylvania (24.4%).*
9-1-95**
Southern Financial Bancorp, Inc., Warrenton,
Virginia, for prior approval to become a bank
holding company through the acquisition of
Southern Financial Bank, Warrenton, Virginia.*
9-5-95
*Application is subject to CRA requirements.
**Expiration of comment period specified in the Federal Register.
Section III - Applications Subject to Federal Register Notice
ADolication
Comment Period Ending Date
First Union Corporation, Charlotte, North
Carolina, to engage in acting as insurance
agent or broker for credit life and health
insurance in conjunction with credit
transactions; acting as insurance agent or
broker for the sale of credit-related property
and casualty insurance protecting real and
personal property which serves as collateral
for a credit transaction and liability
coverage as part of a package on home, automobile
and business policies; and acting as an insurance
agent or broker for insurance for affiliates
through the acquisition of Broad & Lombardy
Associates, Inc., Newark, New Jersey.
9-1-95**
First Union Corporation, Charlotte, North
Carolina, to engage in reinsurance of credit
life, disability and health insurance written
by an outside insurance carrier in connection
with loans extended by bank affiliates through
the acquisition of Fidelcor Life Insurance
Company, Phoenix, Arizona.
9
First Union Corporation, Charlotte, North
Carolina, to engage in community development
activities through the acquisition of First
Fidelity Community Development Corp, Newark,
New Jersey.
9-1-95**
First Union Corporation, Charlotte, North
Carolina, to engage in community development
activities through the acquisition of Waller
House Corporation, Philadelphia, Pennsylvania.
9
-I-9 5 **
-I-9 5 **
Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
Application
KS Bancorp, Inc., Kenly, North Carolina,
to repurchase shares of its own stock.
**Expiration of comment period specified in the Federal Register.
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending August 4, 1995
Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Examination
Date
Hanover Bank
7021 Mechanicsville Turnpike
Mechanicsville, Virginia 23111
Rating
5-8-95
Satisfactory
Bank of Carroll
145 North Main Street
Hillsville, Virginia 24343
5-15-95
Satisfactory
Security Bank Corporation
8780 Centreville Road
Manassas, Virginia 22110
5-15-95
Satisfactory
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending August 4, 1995
Section 1 - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
American Bancshares, Inc.
Not yet available*
Bradenton, Florida
Notice for 1-BHC formation, American Bank of Bradenton, Bradenton, Florida.
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
F.B.H. Corporation
Not yet available*
Fayette, Alabama
After-the-fact change in control notice by Mr. James Walter Branyon to retain
19.11 percent of the outstanding shares of F.B.H. Corporation, Fayette, Alabama.
Century South Banks, Inc.
08-31-95*
Dahlonega, Georgia
Federal Register
To acquire Peoples Bank, Lavonia, Georgia, pursuant to Section 3 (a)(3) of the
Bank Holding Company A c t .
Heart of Georgia Bancshares, Inc.
Not yet available*
Mount Vernon, Georgia
1-BHC formation, Citizens Bank & Trust Company of Mount Vernon, Mount Vernon,
Georgia.
Thomasville Bancshares, Inc.
Thomasville, Georgia
1-BHC
formation,
Thomasville
organization)
National
Bank,
08-25-95*
Federal Register
Thomasville,
Georgia
(in
First Commerce Corporation
08-31-95*
New Orleans, Louisiana
Federal Register
To acquire 9.85 percent of First United Bank of Farmerville, Farmerville,
Louisiana, pursuant to Section 3(a)(3) of the Bank Holding Company Act.
Farmers Bancshares, Inc.
Not yet available*
Cheneyville, Louisiana
1-BHC formation, The Farmers Bank & Trust of Cheneyville, Cheneyville, Louisiana.
*Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending August 4, 1995
Section 3 - Applications Subject to Federal Register Only
Application
Comment Period Ending Date
Community Trust Financial Services Corporation
08-16-95
Hiram, Georgia
In a 75%/25% joint venture with Danny H. Drummond, to establish Community Loan
Company, Hiram, Georgia, which will acquire Credit Services of Woodstock,
Woodstock, Georgia, and thereby engage in consumer finance activities, pursuant
to Section 4(c)(8) of the Bank Holding Company Act and Section 225.25(b)(1)(i)
of Regulation Y.
First American Corporation
08-24-95
Nashville, Tennessee
To acquire Charter Federal Savings Bank, Bristol, Virginia, 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.
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Prosperity Banking Corporation
St. Augustine, Florida
Commitment waiver request.
First City Bancorp, Inc.
Murfreesboro, Tennessee
Commitment waiver request.
First City Bancorp, Inc.
Murfreesboro, Tennessee
Commitment waiver request.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending August 4, 1995
Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions listed below
became available during this week.
Information about an institution's CRA
evaluation may be obtained directly from the institution. In connection with the
assessment of an institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs:
An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs:
An institution has a
satisfactory record of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate -income neighborhoods,
in a manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs: An institution needs
to improve its overall record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs: An institution has
a substantially deficient record of ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Bank
None.
Rating
Examination
Date
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending August 4, 1995
Recently Approved Applications
Approval Date
FirstBancorp, Inc.
08-02-95
Marathon, Florida
To
acquire
Gulf
Coast
National
Bank
of
Naples,
Naples,
Florida
(in organization) , pursuant to Section 3(a) (3) of the Bank Holding Company Act.
Great Southern Bank
West Palm Beach, Florida
1-BHC formation, Great Southern Bank, West Palm Beach, Florida.
08-04-95
SouthTrust Bank of WestFlorida
08-04-95
St. Petersburg, Florida
To establish a branch located at 1530 Pinehurst Drive, Spring Hill, Florida.
Brand Banking Company
07-31-95
Lawrenceville, Georgia
Change in control notification by Mr. Bartow Morgan, Jr. and Mrs. Patricia B.
Morgan, to acquire, as advisor and trustee, respectively, of a testamentary
trust to be formed, 49.6 percent of the outstanding shares of Brand Banking
Company, Lawrenceville, Georgia.
Lafourche Bancshares, Inc.
08-03-95
Larose, Louisiana
After-the-fact notification by Mr. Clinton J. Theriot, to retain 25.6 percent
of the outstanding shares of Lafourche Bancshares, Inc., Larose, Louisiana.
F e d e ra l
R e s e rv e
Bank o f
C h ic a g o
S e c t i o n I - A p p l i c a t i o n s Su b j e c t to N e w s p a p e r
Notice Only
Co m m e n t Pe r i o d
E n d i n g Date
T.YBe
Application
EFT
H a r r i s Tr u s t a n d S a v i n g s B a n k
NP
Chicago, Illinois
2 E F T ’s at L o y o l a U n i v e r s i t y B u s i n e s s Sc h o o l
25 East P e a r s o n St r e e t
Chicago, Illin o i s
Merger/Branch
S e c u r i t y Sa v i n g s B a n k
N P - **
Farhamville, Iowa
to a c q u i r e the asse t s a n d a s s u m e the
d e p o s i t l i a b i l i t i e s of the Harcourt, Iowa
a n d Lehigh, Iowa o f f i c e s of B o a t m e n ’s B a n k of
Fort Dodge, Fort Dodge, Iowa and to e s t a b l i s h
b r a n c h e s at 127 S o u t h A s h Street,
Harcourt, Iowa a n d 116 M a i n Street,
Lehigh, Iowa
Branch
B a n k of L a k e v i e w
Lakeview, M i c h i g a n
10049 B u c h a n a n R o a d
Stanwood, M i c h i g a n
NP
-8-5-95
Merger
B a n k of O a k f i e l d
Oakfield, W i s c o n s i n
V a n Dyne B r a n c h of M&I Central State B a n k
Ripon, W i s c o n s i n
NP
- **
EFT
R o l l i n g Hil l s B a n k & Trust
Atlantic, Iowa
900 M a i n Street
Griswold, Iowa
NP
- 8-11-95
Branch
H a r r i s Trust and S a vings B a n k
Chicago, Illinois
824 N. W e s t e r n A v e n u e
Lake Forest, Illinois
NP
- **
Branch
N o r t h Shore C o m m u n i t y B a n k & Trust C o m p a n y
Wilmette, Illinois
362 Park A v e n u e
Glencoe, Illinois
NP
- **
Branch
W e s t C h e s t e r Savings Ban k
W e s t Chester, Iowa
313 F r a n k l i n Street
W e s t Chester, Iowa
NP
- 8-1-95
8-23-95
F e d e ra l
R e s e rv e
B ank o f
C h ic a g o
Section I - Applications Subject to Newspaper
Notice Only
Continued
Comment Pe r i o d
E n d i n g Date
Tvoe
Application
Branch
D e M o t t e State B a n k
DeMotte, Indiana
3421 W e s t State R o a d 10
Wheatfield, Indiana
NP
- 8-21-95
Merger/Branch
R o l l i n g Hil l s B a n k & Trust
Atlantic, Iowa
G r i s w o l d State Bank
Griswold, Iowa
1307 East S e v e n t h
Atlantic, Iowa
701 M a i n Street
Anita, Iowa
600 M a i n Street
Griswold, Iowa
NP
- 8-21-95
Branch
OmniBank
R i v e r Rouge, M i c h i g a n
25818 M a r k e t Street
Detroit, M i c h i g a n
14555 East J e f f e r s o n Av e n u e
Detroit, M i c h i g a n
1431 W a s h i n g t o n B o u l e v a r d
Detroit, M i c h i g a n
NP
- 7-20-95
Membership
S e c u r i t y S a vings Bank
Eagle Grove, Iowa
To b e c o m e a m e m b e r of the Federal
Reserve System
NP
- 7-31-95
EFT
C o m e r i c a Ban k
Detroit, M i c h i g a n
K r o g e r Store
23001 M i c h i g a n Avenue
Dearborn, M i c h i g a n
NP
- 8-14-95
F e d e ra l
S e c t i o n II
R e s e rv e
B ank o f
C h ic a g o
A p p l i c a t i o n s S u b j e c t to B o t h Newspape
Register Notice
a n d Federal
Comment Period
E n d i n g Date
Type.
Application
Y-2
Lincoln Bancorp
Reinbeck, Iowa
Garwin Bancorporation
Garwin, Iowa
Farmers Savings Bank
Garwin, Iowa*
CoC-HC
First C o m m u n i t y Bancshares,
Milton, W i s c o n s i n
J o h n C. B r a d s h a w
Y-2
Shorebank Corporation
Chicago, Illinois
U.S. B a n k of S o u t h w e s t W a s h i n g t o n
Vancouver, W a s h i n g t o n *
FR - 8-4-95
NP - 7-31-95
Y-2
C o l f a x Bancshares, Inc.
Victor, Iowa
Maxwell Bancorporation
Maxwell, Iowa
M a x w e l l State B a n k
Maxwell, Iowa*
FR - 8-4-95
NP - 8-28-95
Y-l
Barlow Banking Corporation
Iowa Falls, Iowa
Iowa Falls Sta t e B a n k
Iowa Falls, Iowa*
FR - 8-4-95
NP - 7-26-95
Y-2
Ida Gro v e Bancshares, Inc.
Ida Grove, Iowa
A m e r i c a n Bancshares, Inc.
Holstein, Iowa
A m e r i c a n N a t i o n a l Ban k
Holstein, Iowa*
FR - 8-10-95
NP - 8-6-95
Y-l
A m e r i c a n Bancshares, Inc.
Holstein, Iowa
A m e r i c a n Nat i o n a l Ban k
Holstein, Iowa*
FR - 8-10-95
NP - 8-6-95
Y-l
Ol y m p i a Bancorporation, Inc. E m p l o y e e
Sto c k Owners
C h icago Heights, Illinois
Ol y m p i a Bancorporation, Inc.
Ch i c a g o Heights, Illinois
Heritage Olympia Bank
C h i c a g o Heights, Illinois*
FR - 8-11-95
NP - 9-4-95
FR - 7-10-95
N P - 8-7-95
Corp.
FR - 7-17-95
NP - 8-9-95
F e d e r a l R e s e rv e
Bank o f
C h ic a g o
S e c t i o n II - A p p l i c a t i o n s Su b j e c t to B o t h N e w s p a p e r and Federal
Register Notice
Comment Period
Ending Date
Tyne
Application
Y-2
F & M Bancorporation, Inc.
Kaukauna, W i s c o n s i n
P e oples State B a n k of B l o o m e r
Bloomer, W i s c o n s i n *
FR - 8-17-95
N P - **
Y-l
Phi l i p p s I n v e stment L i m i t e d P a r t n e r s h i p
S p r i n g Hill, F l o r i d a
G r a t i o t Bancshares, Inc.
Gratiot, W i s c o n s i n
G r a t i o t State B a n k
Gratiot, W i s c o n s i n *
FR - 8-17-95
N P - 7-22-95
Y-2
Shorebank Corporation
Chicago, Illinois
Indecorp, Inc.
Chicago, Illinois
I n d e p e n d e n c e B a n k of C h i c a g o
Chicago, Illinois
Drexel N a t i o n a l B a n k
Chicago, Illinois*
FR - 8-14-95
NP - 8-10-95
Y-2
B e a m a n Bancshares, Inc.
Beaman, Iowa
P r o d ucers Savings
G r e e n Mountain, Iowa*
FR - 8-17-95
NP - 8-14-95
Y-2
Comerica Incorporated
Detroit, M i c h i g a n
Metrobank
Los Angeles, California*
FR - 8-18-95
NP - **
Y-2
Comerica California Incorporated
San Jose, C a l i f o r n i a
Metrobank
Los Angeles, California*
FR - 8-18-95
NP - **
CoC-HC
Kent Bancshares, Inc.
Kent, Illinois
b y V i r g i l L. B o c k e r & D e l m a r Ka m p e n
FR - 8-3-95
N P - **
Y-2
Dentel B a n c o r p o r a t i o n
Victor, Iowa
Maxwell Bancorporation
Maxwell, Iowa
M a x w e l l State Ban k
M a x w e 11, Iowa*
FR NP -
8-4-95
8-28-95
F e d e ra l
S e c tio n
II
-
R e s e rv e
Bank o f
C h ic a g o
A p p lic a t io n s S u b je c t t o B o th N e w s p a p e r a n d F e d e r a l
R e g is t e r N o tic e
C o n tin u e d
C o m m e n t Pe r i o d
E n d i n g D ate
Type
Application
Y-l
National Australia Bank Limited
M e l b ourne, A u s t r a l i a
National Equities Limited
M e l b ourne, A u s t r a l i a
N a t i o n a l A u s t r a l i a G r o u p (UK) L i m i t e d
L o n d o n , England
North Americas Holdings Limited
London, E n g l a n d
M N C A c q u i s i t i o n Co.
Melbourne, A u s t r a l i a
Michigan National Corporation
F a r m i n g t o n Hills, M i c h i g a n
B l o o m f i e l d H i l l s Bancorp, Inc.
B l o o m f i e l d Hills, M i c h i g a n
B a n k of B l o o m f i e l d H ills
B l o o m f i e l d Hills, M i c h i g a n
M i c h i g a n N a t i o n a l Banks
F a r m i n g t o n Hills, M i c h i g a n *
F R - 8-24-95
N P - **
Y-2
F i r s t b a n k of Illi n o i s Co.
Springfield, I l l inois
Confluence Bancshares Corporation
St. Peters, M i s s o u r i
Duchesne Bank
St. Peters, M i s s o u r i *
FR - 8-25-95
NP - 8-1-95
Y-2
N B D Bancorp, Inc.
Detroit, M i c h i g a n
NBD Bank
V e n i c e F l o rida*
FR - 8-28-95
NP - **
Y-l
Madison Holdings Limited Partnership
M a d i s o n Heights, M i c h i g a n
M a d i s o n Bancorp, Inc.
M a d i s o n Heights, M i c h i g a n
M a d i s o n N a t i o n a l Ban k
M a d i s o n Heights, Mic h i g a n *
FR - 8-31-95
N P - 8-25-95
Y-2
Comerica Incorporated
Detroit, M i c h i g a n
Q u e s t a r Bank, N a t i o n a l A s s o c i a t i o n
Houston, Texas*
FR - 8-28-95
NP - **
Y-2
Comerica Texas Incorporated
Dallas, T e x a s
Q u e s t a r Bank, N a t i o n a l A s s o c i a t i o n
Houston, Texas*
FR - 8-28-95
N P _ **
F e d e ra l
S e c tio n
II
-
R e s e rv e
B ank o f
C h ic a g o
A p p lic a t io n s S u b je c t t o B o th N e w s p a p e r a n d F e d e r a l
R e g is t e r N o t ic e
C o n t in u e d
Comment Pe r i o d
E n d i n g Date
T ype,
Application
Y-l
Sable Bancshares, Inc.
Chicago, Illinois
C o m m u n i t y B a n k of L a w ndale
Chicago, I l linois*
FR - 9-1-95
N P - **
Y-2
WFC, Inc.
Waukon, Iowa
V i k i n g State B a n k & Trust
Decorah, Iowa (in o r g a n i z a t i o n ) *
FR - **
NP - **
Y-2
M e r c h a n t s Bancorp, Inc.
Aurora, Illinois
V a l l e y B a n c Ser v i c e s Corp.
St. Charles, Illinois
Anchor Bank
T h i r d Lake, Illinois
H i n c k l e y State B a n k
Hinckley, Illinois
State B a n k of O s c o
Osco, Illinois
V.B.H. C o r p o r a t i o n
St. Charles, Illinois
Fox V a l l e y Ban k
St. Charles, Illinois*
FR - **
NP - **
F e d e ra l
S e c t i o n III
R e s e rv e
B ank o f
C h ic a g o
- 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
Notice Only
C o m m e n t Pe r i o d
E n d i n g Date
Type
Application
4(c) (8)
Ce n t r a l Illinois F i n a n c i a l Co., Inc.
C h a m p a i g n , . I l l inois
to e n g a g e in tr u s t a c t i v i t i e s t h r o u g h
i t ’s subsidiary, B a n k l l l i n o i s Tru s t Co.
Champaign, I l l inois
4(c) (8)
West Bend Bancorp
F R - 8-3-95
W e s t Bend, Iowa
to e n g a g e in the sale of i n s u r a n c e t h r o u g h
it’s subsidiary, S e c u r i t y I n s u r a n c e Inc.,
W e s t Bend, Iowa
4(c) (8)
N o r t h e r n Trust C o r p o r a t i o n
Chicago, Illinois
RCB I n t e r n a t i o n a l Inc.
Stamford, C o n n e c t i c u t
4(c) (8)
Ida Gro v e Bancshares, Inc.
Ida Grove, Iowa
to e n g a g e in m a k i n g & s e r v i c i n g loans
4 (c) (8)
Horizon Bancorp
FR - 8-10-95
M i c h i g a n City, Indi a n a
to act as an agent or b r o k e r for i n s u r a n c e
d i r e c t l y r e l a t e d to its e x t e n s i o n s of cr e d i t
4(c) (8)
C r ystal V a l l e y F i n a n c i a l C o r p o r a t i o n
Middlebury, Indiana
to invest in l o w - i n c o m e h o u s i n g p r o j e c t
FR - 8-10-95
4(c) (8)
W i t h e e B a n k Shares, Inc.
Withee, W i s c o n s i n
to e n gage in c o m m u n i t y d e v e l o p m e n t
activities through Hometown Development
Corporation, Withee, W i s c o n s i n
FR - 8-22-95
4 (c) (8)
FR
S p e n c e r Bancorporation, Inc.
Spencer, W i s c o n s i n
to engage de n o v o in c o m m u n i t y d e v e l o p m e n t
activities
FR - 8-4-95
FR - 8-10-95
FR - 8-15-95
8-23-95
F e d e ra l
S e c t i o n III
R e s e rv e
Bank o f
- A p p l i c a t i o n s S u bject
Notice Only
C h ic a g o
to Fe d e r a l R e g i s t e r
C o mment P e r i o d
E n d i n g Dat.p
Typ e
Application
4 (c) (8)
National Australia Bank Limited
FR - 8-24-95
Melbourne, A u s t r a l i a
Nati o n a l Equi t i e s L i m i t e d
Melbourne, A u s t r a l i a
Nat i o n a l A u s t r a l i a Gro u p (UK) L i m i t e d
London, E n g l a n d
North Americas Holdings Limited
London, E n g l a n d
M N C A c q u i s i t i o n Co.
Melbourne, A u s t r a l i a
M N C O p e r a t i o n s a n d Services, Inc.
F a r m i n g t o n Hills, M i c h i g a n
MNC L e a s i n g C o m p a n y
Detroit, M i c h i g a n
I n d e p e n d e n c e One Life Insurance C o m p a n y
Phoenix, A r i z o n a
I n d e p e n d e n c e One Capital M a n a g e m e n t Corp.
F a r m i n g t o n Hills, M i c h i g a n
M i c h i g a n Bank, F.S.B.
Troy, M i c h i g a n
I n d e p e n d e n c e One Asset M a n a g e m e n t C o r p o r a t i o n
Irvine, C a l i f o r n i a
4(c) (8)
N B D Bancorp, Inc.
FR - 8-22-95
Detroit, M i c h i g a n
to e x p a n d the g e o g r a p h i c scope of its
subsidiary, NBD Real Estate Services, Inc.
Detroit, Michigan, and t h e r e b y engage in
mort g a g e le n d i n g and servicing, real p r o p e r t y
leasing, real estate appraising, m a n a g e m e n t
c o n s u l t i n g and credit insurance activities.
F e d e ra l
R e s e rv e
Bank o f
C h ic a g o
S e c t i o n IV - A p p l i c a t i o n s Not S u b j e c t to Fe d e r a l R e g i s t e r or N e w s p a p e r
Notice
Tvoe
Application
RoS
O l y m p i a B a n c o r p oration,
C h i c a g o Heights, IL
to r e d e e m 7,750 shares
RoS
M S B H o l d i n g Company, Inc
Moorehead, Iowa
to r e d e e m 600 (50%) shares of v o t i n g c o m m o n s t o c k
f r o m Olaf S a n d v o l d & V i v i a n S a n d v o l d
N
- Newspaper
FR - F e deral R e g i s t e r
* - Su b j e c t to Pro 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
* * - Not a v a i l a b l e at this time
A V A I L A B I L I T Y OF C R A PUBLIC E V A L U A T I O N S
T h e f o l l o w i n g state m e m b e r b a n k s have b e e n e x a m i n e d b y the F e d e r a l Rese r v e
Bank of Chicago for compliance w i t h the CRA.
The 3 0-d a y b u s i n e s s d a y p e r i o d
the bank has to make the ev a l u a t i o n p u b l i c has l a p s e d d u r i n g the w e e k en d i n g
August 5, 1995.
If you 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 the e v a l u a t i o n
document, p l e a s e c o ntact the bank(s) directly.
I d e n t i f i c a t i o n of R a t i n g s
O-An institution in this group has an o u t s t a n d i n g r e c o r d of, and is a leader
in,
a s c e r t a i n i n g a n d h e l p i n g to meet the credit nee d s of its entire
delineated community, including low- and m o d e r a t e - i n c o m e n eighborhoods, in a
m a n n e r c o n s istent w i t h its r e s o u r c e s and capabilities.
S-An institution in this group has a s a t i s f a c t o r y r e c o r d of a s c e r t a i n i n g and
h e l p i n g to meet the credit needs of its entire d e l i n e a t e d community,
including low- and moderate-income neighborhoods, in a manner c o n s i s t e n t w i t h
its resou r c e s and capabilities.
N I - A n i n s t i t u t i o n in this g r o u p needs to improve its ov e r a l l r e cord of
a s c e r t a i n i n g and h e l p i n g to meet the credit needs of its e n tire d e l i n e a t e d
community, i n c l u d i n g low- a n d m o d e r a t e - i n c o m e neighborhoods, in a m a n n e r
c o n s istent w i t h its r e s o u r c e s and capabilities.
SN- A n i n s t i t u t i o n in this g r o u p has a s u b s t a n t i a l l y d e f i c i e n t r e c o r d of
a s c e r t a i n i n g and h e l p i n g to meet the credit needs of its entire d e l i n e a t e d
community, i n c l u d i n g low- and m o d e r a t e - i n c o m e neighborhoods,
in a m a n n e r
co n s i s t e n t w i t h its r e s o urces and capabilities.
BANK NAME/LOCATION
E X A M I N A T I O N DATE
RATI N G S
-Bank One, A n t i g o
700 5th A v e n u e
P .0. Box 7
Antigo, W i s c o n s i n 5 4409-0007
(715) 623-4148
4/24/95
O
-Hinsdale B a n k & Trust C o m p a n y
25 East First Street
Hinsdale, Illinois
60521
(708) 323-4404
4/24/95
S
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING AUGUST 4, 1995
A p p Iication
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
End of Comment Period
*Section 9 application by First Bank, Creve
Coeur, Missouri, to establish a branch
office at 9901 Manchester Road, Warson Woods,
Missouri.
A p p Iication
8/13/95
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
End of Comment Period
*Section 3(a)(3) application by Old National
Bancorp, Evansville, Indiana, to acquire City
National Bancorp, Inc., Fulton, Kentucky.
Newspaper:
9/4/95
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
A p p Iication
End of Comment Period
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
None.
*This application is subject to CRA.
FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs
A n in stitu tio n in this group has an outstanding record of, and is a leader in, ascertaining and
helping to m eet the credit needs o f its entire delineated com m unity, including lo w - and
m oderate-incom e neighborhoods, in a m anner consistent w ith its resources and capabilities.
Satisfactory record o f meeting community credit needs
A n in s titu tio n in this group has a sa tisfactory record o f ascertaining and helping to m eet the
credit needs o f its entire delineated com m unity, including lo w - and m oderate- incom e
neighborhoods, in a m anner consistent w ith its resources and capabilities.
Needs to improve record o f meeting community credit needs
A n in s titu tio n in this group needs to im prove its overall record o f ascertaining and helping to
m eet the credit needs o f its entire delineated com m unity, including tow - and
m oderate-incom e neighborhoods, in a m anner consistent w ith its resources and capabilities.
Substantial noncompliance in meeting community credit needs
A n in stitu tio n in this group has a substantially deficient record o f ascertaining and helping to
m eet the credit needs o f its entire delineated com m unity, including lo w - and m oderateincom e neighborhoods, in a m anner consistent w ith its resources and capabilities.
FOR THE WEEK ENDING
Name of Bank
The First State Bank of
Dongola
August 4, 1995
Bank Address
Dongola, Illinois
Examination
Date
4-17-95
Examination
Rating
Satisfactory
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date
Application
Grand Marais State Bank, Grand
Marais, Minnesota, to establish
a branch in Grand Marais, Minnesota
August 31, 1995
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period
Ending Date
Norwest Corporation, Minneapolis,
Minnesota, to acquire 100% of the
voting shares of Liberty National
Bank, Austin, Texas*
August 28, 1995
(Federal Register)
Roger Berglund and Susan Berglund,
to acquire control of 27.8% and 30.0%,
respectively, of the voting common shares
of Dakota Western Bankshares, Inc., Bowman,
North Dakota
August 22, 1995
(Federal Register)
Kensington Bancorp, Inc., Kensington,
Minnesota, to acquire 87.6% of the voting
shares of First State Bank of Kensington,
Kensington, Minnesota*
September 1, 1995
(Federal Register)
Hershel R. Page, Thomas R. Page, and Ruth
Ann Page Trust, to acquire 59.5% of the
voting shares of The Page Holding Company,
Plankinton, South Dakota (Retroactive)
August 22, 1995
(Federal Register)
Lake Elmo Bancshares, Inc., Lake Elmo,
Minnesota, to acquire 70.57% of the voting
shares of Lake Elmo Bancorp, Inc., Lake Elmo,
Minnesota*
Not yet available
Western Dakota Holding Company, Timber Lake,
South Dakota, to acquire 50.02% of the voting
shares of Dewey County Bank, Timber Lake,
South Dakota*
Not yet available
Security State Bank Holding Company, Hannaford,
North Dakota, to acquire 100% of the voting
shares of Security State Bank of Jamestown,
Jamestown, North Dakota, a de novo bank*
Not yet available
*Sub1ect to CRA
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date
Application
Norwest Corporation, Minneapolis, Minnesota,
to engage in the residential mortgage
lending business through the acquisition of an
interest in a joint venture, Southeastern
Residential Mortgage, Releigh, North Carolina
August 22, 1995
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
NONE.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending August 4, 1995
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA
performance, a rating is assigned from the following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low-and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
BANK(S) EXAMINED
DATE OF EXAMINATION
CRA RATING
The Onida Bank
201 South Main
Onida, South Dakota 57564
(612) 258-2641
January 4, 1995
Satisfactory
Federal Reserve Bank of Kansas City
SE C T IO N I - A PPLICA TIO N S SU BJECT TO N EW SPA PER N O T IC E ONLY
APPLICATION
Bank One, Oklahoma City, Oklahoma, forprior
approval toestablishan ATM intheHeritage Park
Mall, Oklahoma City, Oklahoma.
COMMENT PERIOD ENDING PATH
Not Available
SECTIO N II - A PPLICA TIO N S SU BJECT TO B O TH
N EW SPA PER AND FED ERA L R E G IST E R N O TIC E
APPLICATION
Leonard C. Briscoe, Taloga, Oklahoma, forprior
approval toacquire 100 percent ofthevoting shares
ofDewey County Bancorporation, Inc., Taloga,
Oklahoma.
Jackie Lynn Poulsen, Ericson, Nebraska, and
Gregory Gene Jenson, Ord, Nebraska, forprior
approval to acquire an additional 3.86 percentofthe
voting shares ofWheeler County Bancshares, Inc.,
Ericson, Nebraska.
StarValley Bancshares, Inc., Afton, Wyoming, for
priorapproval tobecome abank holding company
throughtheacquisitionof 100 percentofthevoting
shares ofStarValley StateBank, Afton, Wyoming (in
organization).
BillJ.Home, Sr., Ada, Oklahoma, forprior
approval toretain27.14 percentand thereby retain
control ofthevoting shares ofFirstAda Bancshares,
Inc., Ada, Oklahoma.
COMMENT PERIOD ENDING DATE
Not Available
Not Available
September 5, 1995
August 18, 1995
Federal Reserve Bank o f Kansas City
SE C T IO N III - A PPLIC A TIO N S SU BJECT TO FED ER A L R E G IS T E R N O T IC E
ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
BOK Financial Corporation, Tulsa, Oklahoma, to
acquire 9.9 percent ofLiberty Bancorp, Inc.,
Oklahoma City, Oklahoma, and thereby acquire
Liberty TrustCompany, Oklahoma City, Oklahoma,
and thereby engage intrustcompany activities;MidAmerica CreditLife Assurance Co., Oklahoma City,
Oklahoma, and Mid-America Insurance Agency,
Oklahoma City, Oklahoma, and thereby engage in
underwriting credit-related, life,accident, and health
insurance sold inconnectionwithcreditextensions
made by subsidiariesofLiberty Bancorp, Inc., and
personalproperty leasing.
August 23, 1995
SE C T IO N IV - A PPLIC A TIO N S N O T SU BJECT TO FED ERA L R E G IS T E R N O T IC E
O R N EW SPA PER N O TIC E
APPLICATION
None.
SE C T IO N V - A VAILABILITY O F CRA PU BLIC EV A LUA TIO N S
Identification of R atings
Inconnectionwiththeassessmentofeach insureddepositoryinstitution’sCRA performance, a
ratingisassignedfrom thefollowing groups:
O utstanding record of m eeting com m unity credit needs
An institutioninthisgrouphasanoutstandingrecordof ascertainingandhelpingtomeet
thecreditneedsofitsentiredelineatedcommunity, includinglow-andmoderate-income
neighborhoods, inamanner consistentwithitsresources and capabilities.
Federal Reserve Bank of Kansas City
S atisfactory record of m eeting com m unity credit needs
An institutioninthisgroup hasasatisfactoryrecordofascertainingandhelpingtomeet
thecreditneedsofitsentiredelineatedcommunity, includinglow-andmoderate-income
neighborhoods, inamanner consistentwith itsresourcesand capabilities.
Needs to im prove record of m eeting com m unity credit needs
An institution in this group needs to improve its overall record of ascertaining and
helping tomeet thecreditneeds ofitsentiredelineatedcommunity, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
S ubstantial noncom pliance in m eeting com m unity credit needs
An institutioninthisgrouphasasubstantiallydeficientrecordofascertainingandhelping
tomeetthecreditneedsofitsentiredelineatedcommunity, includinglow-andmoderateincome neighborhoods, inamanner consistentwith itsresources and capabilities.
Bank/Location
Exam Date
CRA Public
Date
Heartland Bank
120 South Washington
Jewell, Kansas 66949
05-01-95
08-04-95
Satisfactory
Colorado Bank & Trust
P. 0. Box 499
La Junta, Colorado 81050-0499
05-01-95
08-04-95
Outstanding
*ApplicationissubjecttoCRA.
CRA
Ratine
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JULY 31, 1995
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
*Section 3(a)(1) formation notice by
F & M Bancshares, Inc., DeLeon, TX, to acquire
Farmers & Merchants Bank, DeLeon, TX
95/07/28
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
♦Section 3(a)(1) application by
FCT Bancshares, Inc., Mart, TX, to acquire First
Central Holdings, Inc., Dover, DE, and The First National
Bank of Mart, Mart, TX
(Previously reported during the week of 7-10-95)
♦Section 3(a)(1) application by
First Central Holdings, Inc., Dover, DE, to acquire
The First National Bank of Mart, Mart, TX
(Previously reported during the week of 7-10-95)
♦Section 3(a)(1) application by
Maedgen & White, Ltd., Lubbock, TX, to acquire
Plains Capital Corporation, Lubbock, TX, and Plains National
Bank of West Texas, Lubbock, TX
(Previously reported during the week of 7-10-95)
** NOTICE EXP
95/08/05
95/08/05
95/08/06
♦Section 3(a)(3) application by
Maedgen & White, Ltd., Lubbock, TX, to acquire
Friona Bancorporation, Inc., Friona, TX, and Friona State Bank,
Friona, TX
95/08/06
(Previously reported during the week of 7-10-95)
♦Section 3(a)(3) application by
Plains Capital Corporation, Lubbock, TX, to acquire
Friona Bancorporation, Inc., Friona, TX, and Friona State Bank,
Friona, TX
95/08/06
(Previously reported during the week of 7-10-95)
♦Section 3(a)(3) application by
Texas Bancorp Shares, Inc., San Antonio, TX, to
acquire Camino Real Delaware, Inc., Wilmington, DE;
Camino Real Bancshares, Inc., San Antonio, TX; and Camino
Real Bank, N.A., Eagle Pass, TX
(Previously reported during the week of 7-24-95)
♦Section 3(a)(1) application by
TBSI Merging Co., Inc., San Antonio, TX, to acquire
Camino Real Delaware, Inc., Wilmington, DE; Camino Real
Bancshares, Inc., San Antonio, TX; and Camino Real Bank,
N.A., Eagle Pass, TX
(Previously reported during the week of 7-24-95)
95/08/26
95/08/26
Change in Control Notice by
Ralph L. Matteucci, Anna M. Matteucci, James L. Mateucci,
Phoenix, AZ, and Richard L. Matteucci, Albuquerque, NM,
to acquire an interest in New Mexico National Financial
Incorporated, Roswell, NM
N/A
Change in Control Notice by
Homer Lee Bryce, Henderson, TX, to acquire an interest in
Fredonia Bancshares, Inc., Nacogdoches, TX
N/A
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF JULY 31. 1995
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Bank
Central Bank
300 DeSiard St.
P.0. Box 4928
Monroe, Louisiana
71211
Date of
Examination
CRA Rating
95/03/20
Outstanding
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 8/04/95
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during the week
ending August 4, 1995.
Information about a particular institution’s CRA evaluation
may be obtained directly from the institution.
Institution
Location
Examination Date
Rating*
None
♦Under the rating system an institution’s CRA performance
following
four ratings:
is assigned one of the
Outstanding record of meeting community credit needs:
An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs:
An institution has a
satisfactory record of ascertaining and meeting the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs:
An institution needs to
improve its overall record of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- to moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs:
An institution has a
substantially deficient record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- to moderate-income neighborhoods, in
a manner consistent with its resources and capabilities.
The above listing 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.
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 8/04/95
Section I - Applications Sub.iect to Newspaper Notice Only
Application
Comment Period Ending Date
ValliWide Bank, Fresno, California, to merge
with Commerce Bank of San Luis Obispo, National
Association, San Luis Obispo, California. *
Newspaper:
8/31/95
Capital Corp of the West, Merced, California,
to become a bank holding company by acquiring
County Bank, Merced, California. *
Newspaper:
8/19/95
Section II - Applications Sub.iect to Both
Newspaper and Federal Register Notice
Draper BanCorp, Draper, Utah, to become a bank
holding company by acquiring Draper Bank & Trust,
Draper, Utah. *
Newspaper:
8/08/95
Fed. Rea.:
8/21/95
ValliCorp Holdings, Inc., Fresno, California, to
merge with CoBanic Financial Corporation, San Luis
Obispo, California, thereby acquiring Commerce
Bank of San Luis Obispo, National Assocation,
San Luis Obispo, California. *
Newspaper:
8/31/95
Fed. Req.:
Not available
Allen Barbieri, Martin Hart, Doug Heller,
G. Mitchell Morris, Jon Salquist, James Schuler
and David Stein, to acquire up to 67.79 percent
of PNB Financial Group, Newport Beach, California. *
Newspaper:
Not available
Fed. Req.:
Not available
John C. Bell, John C. Bell Family Trust and
K & G Trust, Burbank, California, to increase
ownership up to 13.83 percent of Western Security
Bancorp, Burbank, California. *
Newspaper:
Not available
Fed. Req.:
Not available
Section III -Applications Sub.iect to Federal Register Only
None
Section IV - Applications Not Sub.iect to Federal Register Notice
or Newspaper Notice
None
* Subject to CRA.
@FedFRASER