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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1992, No. 32 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending August 8, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIES CoreStates Financial Corporation* Philadelphia — to acquire First Peoples Financial Corporation* Haddon Township, New Jersey* First Peoples Bank of New Jersey* Westmont* New Jersey* and shares of First Bank of Philadelphia* Philadelphia* Pennsylvania. Approved* August 3* 1992. ENFORCEMENT Baltimore Bancorp* Baltimore* Maryland — written agreement dated July 31* 1992* with the Federal Reserve Bank of Richmond and the Bank Commissioner of the State of Maryland. Announced* August 5* 1992. First American Bank* Rosemead* California — written agreement dated July 31* 1992* with the Federal Reserve Bank of San Francisco. Announced* August 5* 1992. Home Port Bancorp* Nantucket, Massachusetts written agreement dated August 3* 1992* with the Federal Reserve Bank of Boston. Announced* August 6* 1992. UST Corp.* Boston* Massachusetts — written agreement dated August 3* 1992* with the Federal Reserve Bank of Boston and the Office of the Commissioner of Banks of the Commonwealth of Massachusetts. Announced* August 6* 1992. INTERNATIONAL OPERATIONS Republic National Bank of New York* New York* and Saban S.A.* Panama City* Republic of Panama — to make an investment in Republic National Bank of New YorkS.A.* Paris* France. Permitted* August 3* 1992. H .2 AUGUST 3, PAGE 2 1992 TO AUGUST 7, 1992 ACTIO NS 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 Richmond Bank of McKenney, McKenney, Virginia — to establish an electronic transfer facility in the Thrift Mart Truck Plaza, 5420 Boydton Plank Road, Petersburg, Virginia. Approved, August 7, 1992. Richmond Commerce Bank of Virginia, Richmond, Virginia — to establish a branch at Suite 740 East Tower, Riverfront Plaza, 901 East Byrd Street, Richmond, Virginia. Approved, August 7, 1992. Minneapolis Farmers State Bank of Worden, Worden, Montana — establish a branch in Hysham, Montana. Returned, August 5, 1992. Chicago Old Kent Bank of Gaylord, Gaylord, Michigan — to establish an offsite electronic facility at the corner of Old 27 South and McCoy Road, Bagley, Michigan. Returned, August 4, 1992. Kansas City OMNIBANK Aurora, Aurora, Colorado — to establish a branch facility at 101 South Garfield, Denver, Colorado. Approved, August 6, 1992. to BANK HOLDING COMPANIES San Francisco BankAmerica Corporation, San Francisco, California — to engage de novo in community development activities through Seafirst Corporation, Seattle, Washington, and Seafirst Community Service Corporation. Permitted, August 5, 1992. Chicago BW3 Bancorporation, West Des Moines, Iowa — to purchase certain assets and assume the deposit liabilities of the Pocahontas, Iowa, office of Midland Savings Bank, F.S.B.. Des Moines, Iowa. Returned,' August 5, 1992. H .2 AUGUST 3, PAGE 3 1992 TO AUGUST 7, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago Caisse Nationale de Credit Agricole, Paris, France — to engage de novo in securities brokerage services through Credit Agricole Securities, Inc., New York, New York. Returned, August 7, 1992. Kansas City Central Financial Corporation, Hutchinson, Kansas — to acquire Central Kansas Bankshares, Inc. Approved, August 7, 1992. Atlanta Colonial BancGroup, Inc., Montgomery, Alabama — to acquire Home Federal Savings Bank, Lafayette, Alabama, which will be merged with Colonial Bank, Montgomery, Alabama. Approved, August 7, 1992. Kansas City CS Bancshares, Inc., Chillicothe, Missouri -- to acquire Ray County Bank, Richmond, Missouri. Approved, August 7, 1992. Chicago First Financial Corporation, Terre Haute, Indiana, proposed acquisition of shares of First Citizens of Paris, Inc., Paris, Illinois, and The Citizens National Bank of Paris. Approved, August 4, 1992. Chicago Great Lakes Financial Resources, Inc., Homewood, Illinois, and Great Lakes Financial Resources, Inc., Employee Stock Ownership Plan — to purchase assets and assume liabilities of the Matteson, Illinois, facility of Republic Savings Bank, F.S.B., Chicago, Illinois. Approved, August 4, 1992. Minneapolis Hansen - Lawrence Agency, Inc., Worden, Montana — acquire First Insurance Agency, Inc., Hysham, Montana. Returned, August 5, 1992. to Minneapolis Hansen - Lawrence Agency, Inc., Worden, Montana — acquire First Hysham Holding Company, Hysham, Montana. Returned, August 5, 1992. to H .2 AUGUST 3, PAGE 4 1992 TO AUGUST 7, 1992 A CTIO NS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Minneapolis Hansen - Lawrence Agency, Inc., Worden, Montana — acquire Farmers State Bank of Worden. Returned, August 5, 1992. Richmond NationsBank Corporation, Charlotte, North Carolina — to engage in data processing activities. Approved, August 7, 1992. Minneapolis Norwest Corporation, Minneapolis, Minnesota — to engage de novo in investment advisory and management consulting services through Norwest Investment Services, Inc. Withdrawn, August 3, 1992. Minneapolis Norwest Corporation, Minneapolis, Minnesota — to engage de novo in making and servicing loans through Norwest Credit, Inc. Permitted, August 3, 1992. S t . Louis Rockwood Bancshares, Inc., Eureka, Missouri — to acquire the successor by merger to Rockwood Bank. Approved, August 4, 1992. Minneapolis Thompson Insurance, Inc., Bismarck, North Dakota — to acquire Historic Housing Partners, Ltd., Bismarck, North Dakota. Returned, August 7, 1992. to BANK MERGERS Kansas City City Center Bank of Colorado, Aurora, Colorado — merge with Security Bank of Colorado, and to establish a branch. Approved, August 5, 1992. to Minneapolis Farmers State Bank of Worden, Worden, Montana — merge with the First National Bank in Hysham, Hysham, Montana. Returned, August 5, 1992. Kansas City First Fidelity Bancorp, Inc., Oklahoma City, Oklahoma — to merge with City Bancorp of Norman, Inc., Norman, Oklahoma. Approved, August 7, 1992. to H .2 AUGUST 3, PAGE 5 1992 TO AUGUST 7, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Kansas City City Center Bank of Colorado, Aurora, Colorado — investment in bank premises. Approved, August 5, 1992. Cleveland Security Dollar Bank, Niles, Ohio — bank premises. Approved, August 3, 1992. S t . Louis UniSouth Banking Corporation, Columbus, Mississippi - investment in bank premises. Approved, August 4, 1992. investment in BANKS, STATE MEMBER Director, BS&R Heritage Bank, McLean, Virginia — registration. Approved, August 7, 1992. transfer agent Director, BS&R Princess Anne Bank, Virginia Beach, Virginia — transfer agent registration. Approved, August 7, 1992. Kansas City Security Bank of Colorado, Aurora, Colorado — payment of a dividend. Approved, August 4, 1992. CAPITAL STOCK Kansas City BancFirst Corporation, Oklahoma City, Oklahoma — redemption of shares. Approved, August 5, 1992. Kansas City CNB Financial Corporation, Kansas City, Kansas — redemption of shares. Approved, August 5, 1992. Chicago Rock River Bancorporation, Inc., Oregon, Illinois redemption of shares. Approved, August 4, 1992. H .2 AUGUST 3, PAGE 6 1992 TO AUGUST 7, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY CHANGE IN BANK CONTROL Atlanta Bankers Trust of Alabama, Inc., Madison, Alabama — change in bank control. Permitted, August 7, 1992. Kansas City First State Bancorporation of Watonga, Inc., Watonga, Oklahoma — change in bank control. Permitted, August 7, 1992. San Francisco Met Financial Corporation, Oakland, California — change in bank control. Permitted, August 7, 1992. COMPETITIVE FACTORS REPORTS Cleveland Belmont Bancorp, Bridgeport, Ohio — to acquire certain assets and assume certain liabilities of three New Philadelphia, Ohio, branches of Diamond Savings and Loan Company, Findlay, Ohio. Submitted, August 7, 1992. Chicago Community Bank of Homewood - Flossmoor, Homewood, Illinois, proposed purchase of assets and assumption of liabilities of the Matteson, Illinois, office of Republic Savings Bank, F.S.B., Matteson, Illinois — report on competitive factors. Submitted, August 5, 1992. Minneapolis First National Bank in Brookings, Brookings, South Dakota, proposed merger with Home Trust Savings and Loan Association, Vermillion, South Dakota — report on competitive factors. Submitted, August 5, 1992. Secretary First Security Bank of Utah, N.A., Ogden, Utah, proposed merger with five branches of First Interstate Bank of Utah, N.A., Salt Lake City, Utah — report on competitive factors. Submitted, August 5, 1992. Atlanta Fortune Bank A Savings Bank, Clearwater, Florida, proposed acquisition of the Palm Harbor branch of Fifth Third Trust Company and Savings Bank, F.S.B., Naples, Florida — report on competitive factors. Submitted, August 4, 1992. H .2 AUGUST 3, PAGE 7 1992 TO AUGUST 7, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Atlanta Liberty Bank and Trust Company, New Orleans, Louisiana, proposed purchase of certain assets and assumption of the liability to pay deposits made in Corpus Christi Federal Credit Union — report on competitive factors. Submitted, August 3, 1992. Boston Mid Maine Savings Bank, FSB, Auburn, Maine, proposed merger with Hampton Co-Operative Bank, Hampton, New Hampshire — report on competitive factors. Submitted, August 5, 1992. Minneapolis Norwest Bank Nebraska, N.A., Omaha, Nebraska, proposed merger with Norwest Bank Lincoln, N.A., Lincoln, Nebraska, and Vistar Bank — report on competitive factors. Submitted, August 3, 1992. Richmond Peoples Bank of Charles Town, Charles Town, West Virginia, proposed merger with PB Interim Bank, Inc. — report on competitive factors. Submitted, August 4, 1992. Philadelphia Provident National Bank, Philadelphia, Pennsylvania, proposed merger with First American Savings, F.A., Jenkintown, Pennsylvania, and Brandywine Savings Bank, PaSA, Dowingtown, Pennsylvania — report on competit ive factors. Submitted, August 4, 1992. Richmond SouthTrust Bank of Charleston, National Association, Charleston, South Carolina, proposed merger with Home Federal Savings Bank — report on competitive factors. Submitted, August 5, 1992. Philadelphia Sovereign Bank, FSB, Wyomissing, Pennsylvania, proposed merger with Harmonia Savings Bank, Kenilworth, New Jersey — report on competitive factors. Submitted, August 4, 1992. H .2 AUGUST 3, PAGE 8 1992 TO AUGUST 7, 1992 ACTIO NS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Richmond United National Bank, Parkersburg, West Virginia, proposed merger with Montgomery National Bank, Montgomery, West Virginia — report on competitive factors. Submitted, August 7, 1992. Chicago Valley Bank, South Central, National Association, Watertown, Wisconsin, proposed merger with Valley First National Bank of Beaver Dam, Beaver Dam, Wisconsin — report on competitive factors. Submitted, August 3, 1992. EXTENSIONS OF TIME San Francisco Berkshire Hathaway, Inc., Omaha, Nebraska, and certain subsidiaries — to acquire additional shares of Wells Fargo & Company, San Francisco, California. Granted, August 5, 1992. Dallas Lockhart Bankshares, Inc., Lockhart, Texas — extension to September 21, 1992, to acquire Lockhart Bankshares - Delaware, Inc., Wilmington, Delaware, and First - Lockhart National Bank, Lockhart, Texas. Granted, August 7, 1992. Dallas Lockhart Bankshares - Delaware, Inc., Wilmington, Delaware — to acquire First - Lockhart National Bank, Lockhart, Texas. Granted, August 7, 1992. St. Louis Bank of Gainesville, Gainesville, Missouri — to become a member of the Federal Reserve System. Approved, August 3, 1992. MEMBERSHIP H .2 AUGUST 3, PAGE 9 1992 TO AUGUST 7, 1992 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY RESERVE BANK SERVICES Director, FRBO Check collection price and service guidelines for 1993 check repricing — modifications. Approved, August 4, 1992. Director, FRBO Federal Reserve Bank of San Francisco — to implement enhanced versions of basic MICR capture and account total products at all District offices. Approved, August 3, 1992. H .2 AUGUST 3, PAGE 10 A D D IT IO N S AND CORRECTIONS 1992 TO AUGUST 7, 1992 ACTIONS TAKEN BY THE BOARD OF GOVERNORS REGULATIONS £Nfi PQ M , g»S Home mortgage disclosure — publication for comment of an amendment to Regulation C setting a new exemption standard for nondepository lenders* to implement section 224 of the Federal Deposit Insurance Corporation Improvement Act of 1991. Authorized* July 29* 1992. Regulation CC — to implement amendments to the Expedited Funds Availability Act enacted as part of the Federal Deposit Insurance Improvement Act of 1991 . Approved* July 30* 1992. ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK PREMISES Cleveland Ohio Citizens Bank* Toledo* Ohio — bank premises. Approved* July 31* 1992. investment in FEDERAL RESERVE BANK OF BOSTON APPLICATIONS SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Application Comment Period Ending Date NONE SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application Comment Period Ending Date NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application Comment Period Ending Date Fleet Financial Group, Federal Register Not Yet Established Inc., Providence, Rhode Island - 4 ( c ) (8) application to engage in asset management, servicing, and collection activities through Fleet Commercial Finance Corporation SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE ♦Subject to CRA SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS **Rating Definitions "0" - Outstanding; "S" - Satisfactory; - Needs to Improve; SN" - Substantial Noncompliance. Institution Examination Date NONE "N" Rating** F e d e r a l R e s e r v e B a n k o f New Y o r k Comment Period Ending Date SECTION I Applications Subject to Newspaper __________ Notice Only__________ The Bank of New York, New York, New York to acquire substantially all of the assets and assume certain liabilities of Barclays Bank of New York, N.A., New York, New York, and, incident thereto, establish branches.1/ 9/7/92 Chemical Bank to establish a branch at Kingsbrook Medical Center, 585 Schenectady Avenue, Brooklyn, New York.1/ 9/5/92 Chemical Bank to establish a branch at Beth Israel Medical Center North Division, 170 East End Avenue, New York, New York.l/ 9/5/92 Chemical Bank to establish a branch at Mount Sinai Medical Center, 1 Gustav Levy Place (a/k/a 1190 Fifth Avenue), New York, NewYork.l/ 9/5/92 Chemical Bank to establish an offsite electronic facility at Mount Sinai Medical Center, 1 Gustav Levy Place (a/k/a 1190 Fifth Avenue), New York,New York.l/ 9/5/92 SECTION II Applications Subject to Both Newspaper and Federal Register Notice None. SECTION III Nonbanking Applications (Subject to Federal Register Notice Only) None. SECTION IV Applications Not Involving ______Public Comment_____ None. S E C T IO N V A v a ila b ilit y o f CRA P u b l i c E v a lu a t io n s In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate -income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighbor hoods, in a manner consistent with its resources and capabilities. Week Ending August 8. 1992 NAME OF BANK RATING EXAMINATION DATE None. 1/ 2/ 3/ 4/ Subject to provisions of Community Reinvestment Act. Later of dates specified in newspaper and Federal Register notices. Date specified in newspaper notice; a later date may be specified in the Federal Register notice. Date specified in Federal Register notice; a later date may be specified in the newspaper notice. N/A - Not Available FEDERAL RESERVE BANK OF PHILADELPHIA SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Comment Period Ending Date Meridian Bank, Reading, PA requests permission to establish a remote service facility at Acme Market, 5200 Mascher Street, Philadelphia, PA. 8/31/92 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Comment Period Ending Date NONE. SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Comment Period Ending Date NONE. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE. 1/ * Subject to provisions of Community Reinvestment Act N/A - not yet available. 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 7, 1992. Identification of Ratings In connection with the assessment of each insured depository performance, a rating is assigned from the following groups: institution's CRA Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. 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/Locat ion Examination Date None. CRA Rating F e d eral R e s e r v e B a n k of C l e v e l a n d Applications Bulletin For Week Ending August 8, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY NONE 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) application from PNC Financial Corp, Pittsburgh, Pennsylvania, to acquire Flagship Financial Corp., Jenkintown, Pennsylvania. * September 8, 1992 SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * N F # - Subject to CRA Newspaper Comment Period Federal Register Comment Period Expected to end approximately 30 days from date of application's receipt. F e d e ra l R e se rve B a n k o f R ic h m o n d Notice Onlv Application Comment Period Ending Date Citizens Bank of Virginia, Arlington, Virginia, to establish a branch at 1025 Herndon Parkway, Herndon, Virginia.* 9-3-92 Section II - Applications Subiect to Both Newspaper and Federal Register Notice Comment Period Ending Date Application Carolina First Corporation, Greenville, South Carolina, to acquire 9.8% of the shares of ComSouth Bankshares, Inc., Columbia, South Carolina.* 8-31-92 Section III - Applications Subiect to Federal Register Notice Comment Period Ending Date Application First Maryland Bancorp, Baltimore, Maryland, to engage in community development activities. Not yet available. Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. ^Application is subject to CRA requirements. Comment Period Ending Date F e d e ra l R e se rve B a n k o f R ich m o n d Availability of CRA Public Evaluations Week ending August 7, 1992 Definition of Ratings Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate -income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs. An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Date Ratine Bank of Carroll 145 North Main Street Hillsville, Virginia 24343 5-18-92 Satisfactory Security Bank Corporation 8780 Centreville Road Manassas, Virginia 22110 5-26-92 Satisfactory One Valley Bank of Summersville, Inc. Post Office Box 370 Summersville, West Virginia 26651 5-26-92 Outstanding F e d e r a l R e s e r v e B a n k of A t l a n t a A p p l i c a t i o n s Bulletin for W e e k Ending August 7. 1992 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date No n e . Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Ending Date Application None. Section 3 - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application No n e . Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Bank of Albertville Albertville, Alabama Request for increase in bank premises. Central Bancshares of the South, Inc. Birmingham, Alabama 3( a ) (5) waiver request related to the acquisition of FWNB Bancshares, Inc., Plano, Texas, and its wholly-owned subsidiary, First Western National Bank, Carrollton, Texas, by Central Bancshares' direct and indirect bank holding company subsidiaries, Compass Bancshares, Inc., Houston, Texas, and River Oaks Bancorporation, Birmingham, Alabama. ♦Subject to provisions of the Community Reinvestment Act. F e d eral R e s e r v e B a n k of A t l a n t a Applications Bulle t i n for W e e k Ending August 7. Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Central Bancshares of the South, Inc. Birmingham, Alabama 3( a ) (5) waiver request related to the acquisition of City National Bancshares, Inc., Carrollton, Texas, and its wholly-owned subsidiary, City National Bank of Carrollton, Carrollton, Texas, by Central Bancshares' direct and indirect bank holding company subsidiaries, Compass Bancshares, Inc., Houston, Texas, and River Oaks Bancorporation, Birmingham, A1abama. Central Bank of the South Birmingham, Alabama Request for increase in bank premises. Commercial Bank of Florida Miami, Florida Request for increase in bank premises. 1992 F e d e r a l R e s e r v e B a n k of A t l a n t a Applications Bulletin for Wee k Ending August 7. 1992 Section 10 - Availability of CRA Public Evaluations The CRA public evaluations of the insured depository institutions listed below became available during this week. Information about an institution's CRA evaluation may be obtained directly from the institution. In connection with the assessment of an institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Examination Bank Rating Date Metro Bank of Dade County Satisfactory 1390 South Dixie Highway Coral Gables, Florida 33146 (305) 662-1390 05-04-92 Bank of Madisonville Post Office Box 547 Madisonville, Tennessee (615) 442-4511 05-04-92 Outstanding 37354 Federal Reserve Bank of Chicago Section I - Applications Subject to N e w s p a p e r Notice Only Comment Period Ending Date Type Application Merger/ Branches B a n k O n e , Champaign-Urbana Champaign, Illinois B a n k One, M onticello Monticello, Illinois 100 W. Washington Monticello, Illinois 219 W. Center Monticello, Illinois 220 N . H i g h w a y Avenue Deland, Illinois* N - 8-24-92 Merger/ Branch Cole Taylor B a n k Chicago, Illinois Cole Taylor Bank/Yorktown Lombard, Illinois One Yorktown Lombard, Illinois* N - 8-21-92 Merger/ Branches/24A O l d Kent Ban k Elmhurst, Illinois First Federal o f Elgin, F.S.A. Elgin, Illinois U n i b a n c T r u s t /DuPage Chicago, Illinois 28 North Grove Av e n u e Elgin, Illinois 1645 Larkin A v e n u e Elgin, Illinois 525 W averly Drive Elgin, Illinois 251 South State Street Hampshire, Illinois 501 West M a i n Street West Dundee, Illinois* N - ** Oakar O l d Kent Financial Corporation Gra n d Rapids, Michigan U n i v ersity Financial Corporation Elgin, Illinois First Federal of Elgin, F.S.A. Elgin, Illinois N P - ** Federal Reserve Bank of Chicago Type. Section II - Applications Subject to Both N e w s p a p e r and Federal Register Notice Comment P e r i o d Application Ending Date D u n l a p Iowa Holding Co. Dunlap, Iowa Soldier Valley Financial Services, Soldier, Iowa Soldier Valley Savings Ban k Soldier, Iowa* Y-2 FR - 8-14-92 N - 8-15-92 Inc. Y-2 First Midwest Corporation of D e l a w a r e E l m w o o d Park, Illinois West Central Illinois Bancorp, Inc. Monmouth, Illinois The National Bank of Monmouth Monmouth, Illinois* FR - ** N - ** Y-l Albr e c h t Financial Services, Inc. Wall Lake, Iowa Norwalk-Cumming State B ank Norwalk, Iowa* FR N ** ** Y-l B O I Financial Corp. Normal, Illinois The Bank of Illinois in Normal Normal, Illinois* FR N ** Elg i n Bancshares, Inc. K a n s a s City, Missouri John S. Sapiente FR N ★* ** CoC-HC S ection III - Applications Subject to Federal R e g i s t e r Notice O n l y C o mment P e r i o d Ending Date Type Application Y-4 B a n k of Montreal Montreal, Canada H a rris Futures Corporation Chicago, Illinois FR - ** Y-4 Ban k m o n t Financial Corp. N e w York, N e w York H a rris Futures Corporation Chicago, Illinois FR - ** Federal Reserve Bank of Chicago Section III - Applications Subject to Federal R e g ister Notice Only (continued) Comment Period Ending Date Type A p p lication Y-4 Harris Bankcorp, Inc. Chicago, Illinois H a r r i s Futures Corporation Chicago, Illinois FR - ** 4 ( c ) (8) D e n m a r k B a n c s h a r e s , Inc. Denmark, Wisconsin P urchase m o r t gages from subsidiary b a n k D e n m a r k State Bank, Denmark, Wisconsin FR - 7-31-92 Y-4 O l d Kent Financial Corporation FR - ** Grand Rapids, Michigan First Federal Development Corporation Elgin, Illinois U n i v ersity Financial Mortgage Services, Inc. Elgin, Illinois University Financial Investment Services, Inc. Elgin, Illinois 4(c) (8) L i ncolnshire Bancshares, Inc. Lincolnshire, Illinois To p u r c h a s e participations from their b a n k i n g subsidiary FR - 8-3-92 Federal Reserve Bank of Chicago Section I V - Applications Not Subject to Federal Register or N e w s p a p e r Notice Tvoe Application ROS NFC, Inc. Waukon, Iowa To redeem 12,499 (12 RoS Elgin Bancshares, Inc. Kansas City, Missouri To redeem 4,848 shares of common stock N - Newspaper FR - Federal R e g i s t e r * - Subject to Provisions of Community Reinvestment Act ** Not a v a i l a b l e at this time - AVAILABILITY OF CRA PUBLIC EVALUATIONS The following state member banks have been examined by the Federal Reserve Bank of Chicago for compliance with the CRA. The 30-business day period the bank has to make the evaluation public has lapsed during the week ending August 07, 1992. If you are interested in obtaining a copy of the evaluation document, please contact the bank(s) directly. Identification of Ratings O-An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. S-An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NI-An institution in this group needs to improve its overall record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN-An institution in this group has a substantially deficient record of ascer taining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK NAME/LOCATION EXAMINATION DATE RATINGS -Bartonville Bank 5600 South Adams Street Bartonville, Illinois 61607 (309) 697-2100 5/04/92 S -Old Kent Bank-Southwest 136 East Michigan Box 2769 Kalamazoo, Michigan 49003 (616) 337-6700 4/20/92 S -Calumet County Bank 103 North Main Street Box 39 Brillion, Wisconsin 54110 (414) 756-2181 4/20/92 S Federal Reserve Bank of St. Louis FOR THE VEEK ENDING AUGUST 7, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE Application End of Comment Period * Section 5(d)(3) application by Citizens Bancshares of Eldon, Inc., Eldon, Missouri for its subsidiary bank, Citizens Bank of Eldon, Eldon, Missouri to acquire the Versailles, Missouri branch of United Savings and Loan Association, Lebanon, Missouri Newspaper: 9-5-92 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application * Section 3(a)(1) application by H & H Holding Company, Alton, Illinois to acquire Greene County National Bank in Carrollton, Carrollton, Illinois and Godfrey State Bank, Godfrey, Illinois End of Comment Period Newspaper: 9-15-92 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE Application End of Comment Period None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE Application End of Comment Period 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 m eeting com m unity credit needs A n institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs o f its entire delineated community, including tow- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record o f m eeting com m unity credit needs A n institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with its resources and capabilities. Needs to im prove record o f m eeting com m unity credit needs A n institution in this group needs to improve its overall record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncom pliance in m eeting com m unity credit needs A n institution in this group has a substantially deficient record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. FOR THE WEEK ENDING Name of Bank The First State Bank of Dongola August 7, 1992 Bank Address P. 0. Box 217 Dongola, Illinois 62926 Examination Date Examination Rating 5-11-92 Satisfactory FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice OnlyComment Period Ending Date Application First Interstate Bank of Commerce Billings, MT (successor to First Interstate Bank of Billings, N.A.) To acquire the First Interstate Bank of Missoula, N.A., Missoula, MT; First Interstate Bank of Hardin, Hardin, MT; First Interstate Bank of Miles City, Miles City, MT; First Interstate Bank of Billings Heights, Billings, MT; First Interstate Bank of West Billings, Billings, MT; First Interstate Bank of Colstrip, Colstrip, MT; and First Interstate Bank of South Missoula, N.A., Missoula, MT (de novo)* Not yet available Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date First Interstate BancSystem of Montana, Inc. Billings, MT To acquire 100% of the de novo First Interstate Bank of South Missoula, N.A., Missoula, MT* Not yet available Guaranty Development Company Livingston, MT To acquire 100% of InterWest Acquisition Bank, Livingston, MT* Not yet available First Bank System, Inc. Mpls, MN To acquire 100% of Bank Shares, Inc., Mpls, MN, and indirectly acquire Marquette Bank Minneapolis, N.A., Mpls, MN, and Marquette Bank Rochester, Rochester, MN* Not yet available ♦Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only Application Norwest Corporation Mpls, MN To engage de novo in providing investment advisory and manage ment consulting services to in sured depository institutions. Comment Period Ending Date 8-17-92 Wabasha Holding Company Wabasha, MN To engage in general insurance agency activities through the acquisition of First State In surance of Wabasha, Inc., Wabasha, MN Not yet available First Sleepy Eye Bancorporation, Inc. Sioux Falls, SD To engage de novo in the activity of making and servicing loans. Not yet available First Bank System, Inc., Mpls, MN and Central Bancorporation, Inc., Denver, CO To engage in operating a savings association and general insurance activities through the acquisition of Western Capital Investment Cor poration, Denver, CO Not yet available First Bank System, Inc., Mpls, MN To engage in data processing activities through the acquisition of Marquette Information Services, Inc., Mpls, MN Not yet available First Bank System, Inc., Mpls, MN To engage in general insurance agency activities through the acquisition of Marquette Insurance Services, Mpls, MN Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Federal Register Notice Only (Continued) Comment Period Ending Date Application Thompson Insurance, Inc. Bismarck, ND To engage de novo in making an equity investment in a project designed primarily to promote community welfare. Not yet available 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 July 31, 1992 ASSIGNMENT OF RATING Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS. An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low-and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. BANK(S ) EXAMINED None. DATE OF EXAMINATION CRA RATING Federal Reserve Bank of Kansas City SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION Custer County Bank, Westclife, Colorado, to merge with Green Mountain Bank, Lakewood, Colorado. COMMENT PERIOD ENDING DATE Not Available SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION COMMENT PERIOD ENDING DATE Overland Park Bancshares, Inc., Overland Park, Kansas, for prior approval to acquire 6.5 percent of the voting shares of CNB Financial Corporation, Kansas City, Kansas.* Not Available Resource One, Ulysses, Kansas, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Grant County State Bank, Ulysses, Kansas.* Not Available REVISED FROM THE JULY 31, 1992 BULLETIN Mike Mitchell, Gardner, Kansas, for prior approval to acquire 18.4 percent ownership interest in Gardner National Bank, Gardner, Kansas, and Mike Mitchell, et. al., for prior approval to increase their proportionate ownership interest in Gardner National Bank, Gardner, Kansas, from 21.4 percent to 72.45 percent. Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION Great Western Securities, Inc., Omaha, Nebraska, to acquire 100 percent of the voting shares of Great Western Resources, Inc., Omaha, Nebraska. COMMENT PERIOD ENDING DATE Not Available Federal Reserve Bank of Kansas City Commerce Bancshares, Inc., Kansas City, Missouri, to acquire 100 percent of the voting shares of Capital for Business, Inc., Kansas City, Missouri. Not Available SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification of Ratings In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following groups: Outstanding record of meeting community credit needs An institution in this group has an outstanding record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs An institution in this group needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Substantial noncompliance in meeting community credit needs An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources and capabilities. Federal Reserve Bank of Kansas City Bank/Location The First Bank P.O. Box 397 Ness City, Kansas Exam Date 4-27-92 8-4-92 CRA Rating Satisfactory 67560-0397 First Bank of Turley P.O. Box 6538 Turley, Oklahoma 74156 *Application is subject to CRA. CRA Public Date 4-27-92 8-4-92 Needs to Improve FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF AUGUST 3, 1992 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION Change in Control Notice by Roger D. Hellmus; Charles C. Forbes; and James J. Acker, Freer, TX, to acquire an interest in Brush Country Holding Co., Inc., Freer, TX (Previously reported during the week of 6-8-92) Change in Control Notice by Larry Rierson and Catherine Rierson, Clovis, NM, to acquire an interest in Western Bancshares of Clovis, Inc., Carlsbad, NM (Previously reported during the week of 6-1-92) Change in Control Notice by Leonard C. Hudson, Pampa, TX, to acquire an interest in NBC Bancshares, Inc., Pampa, TX (Previously reported during the week of 6-15-92) ** NOTICE EXP * 92/08/05 92/08/14 92/08/17 Change in Control Notice by Herschel Gary Blankenship, and Cynthia Lynne Blankenship, Southlake, TX, to acquire an interest in Greater Southwest Bancshares, Inc., Irving, TX N/A Change in Control Notice by Frances Gourley Lott Trust; Mary Theresa Lott Trust; Gayle Gourley Trust; and W. J. Gourley III Trust, Fort Worth, TX, to acquire an interest in Security Bank of Arlington, Arlington, TX N/A *Section 3(a)(1) application by U B & T Holding Co., Abilene, TX, to acquire United Bank & Trust, Abilene, TX 92/09/01 *Section 3(a)(1) application by WSB Bancshares, Inc., Wellington, TX, to acquire Wellington Delaware Financial Corporation, Dover, DE, and Wellington State Bank, Wellington, TX 92/08/29 ♦Section 3(a)(1) application by Wellington Delaware Financial Corporation, Dover, DE, to acquire Wellington State Bank, Wellington, TX 92/08/29 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION NOTICE EXP None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None.* * SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME. SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS FOR THE WEEK OF AUGUST 7, 1992 Outstanding record of meeting community credit needs. An institution in this group has an outstanding leader in, ascertaining and helping to meet the entire delineated community, including lowneighborhoods, in a manner consistent with capabilities. record of, and is a credit needs of its and moderate-income its resources and Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to Improve record of meeting community credit needs. An institution in this group need to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Substantial Noncompliance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank Date of Examination Citizens Bank 315 Landa St. P. 0. Box 310909 New Braunfels, TX >u±31-0909 . 34/27 CRA Rating Satisfactory FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 8/07/92 Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date None Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date None Section III - Applications Sub.iect to Federal Register Notice Only A p p I ication Comment Period Ending Date None Section IV - Applications Not Sub.iect to Federal Register Notice or Newspaper Notice None Section V - Availability of CRA Public Evaluations None* * Subject to CRA
@FedFRASER