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ANNOUNCEMENT BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1994, No. 50 Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received During the Week Ending December 10, 1994 ACTIONS TAKEN BY THE BOARD OF GOVERNORS TESTIMONY AND STATEMENTS Monetary policy developments and current economic conditions -- statement by Chairman Greenspan before the Joint Economic Committee, December 7, 1994. Published, December 7, 1994. ADVISORY COUNCILS Thrift Institutions Advisory Council -- appointment of eight new members and designation of Charles John Koch as President and Stephen D. Taylor as Vice President. Approved, December 9, 1994. SANK HOLDING COMPANIES CNB Bancshares, Inc., Evansville, Indiana - - t o acquire King City Federal Savings Bank, Mount Vernon, Illinois, and to engage in nonbanking activities through King City Financial Services Corp. Approved, December 5, 1994. Mercantile Bancorporation, Inc., St. Louis, Missouri - - t o acquire UNSL Financial Corporation, Lebanon, Missouri, and United Savings Bank. Approved, December 5, 1994. National Bank of Canada, Montreal, Quebec, Canada -to engage de novo through Natbank, F.S.B., Pompano Beach, Florida, in the operation of a savings association. Permitted, December 5, 1994. New American Bank Holding Corporation, Corpus Christi, Texas -- to merge with American Bank Holding Corporation, and acquire American National Bank. Approved, December 5, 1994. Union Planters Corporation, Memphis, Tennessee -request for reconsideration of Board's approval of application to acquire Grenada Sunburst System Corporation, Grenada, Mississippi. Denied, December 6, 1994. BANKS. STATE MEMBER First Bank North, Freeport, Illinois, and First Bank South, Dixon, Illinois -- determination that investments in St. Joseph's Limited Partnership, Freeport; and St. Mary's Limited Partnership, Rockford, Illinois, are public welfare investments. Approved, December 6, 1994. H.2 DECEMBER 5, 1994 PAGE 2 TO DECEMBER 10, 1994 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANKS. STATE MEMBER First Interstate Bank of California, Los Angeles, California -- request for interpretation that investments in the Bastion Capital Fund L.P. are public welfare investments. Denied, December 6, 1994. FORMS Survey of Foreign Exchange and Derivatives Markets CFR 3036A and C) -- one-time survey. Proposed, December 7, 1994. INTERNATIONAL OPERATIONS State Street Bank and Trust Company, Boston, Massachusetts -- to establish a branch in Taipei, Taiwan. Permitted, December 5, 1994. MEMBERSHIP American Bank, LBA, Corpus Christi, Texas - - t o become a member of the Federal Reserve System. Approved, December 5, 1994. REGULATIONS AND POLICIES Public welfare investments -- interpretation under the Depository Institutions Disaster Relief Act of 1992. Approved, December 6, 1994. Regulation K -- request for public comment on proposed criteria for evaluating U.S. operations of foreign banks that are not subject to comprehensive supervision or regulation on a consolidated basis by a home country supervisor (Docket R-0862). Approved, December 7, 1994. H.2 DECEMBER 5, 1994 PAGE 3 TO DECEMBER 10, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management BANK BRANCHES. DOMESTIC Richmond Bank of Tidewater, Virginia Beach, Virginia - - t o establish a branch at 770 Lynnhaven Parkway. Approved, December 5, 1994. Richmond Chesapeake Bank, Kilmarnock, Virginia - - t o establish an electronic funds transfer facility approximately two-tenths of a mile west of the intersection of Routes 14 and 198, Matthews Courthouse, Virginia. Approved, December 9, 1994. Kansas City Vail Bank, Vail, Colorado - - t o establish a branch in Steamboat Springs, Colorado. Approved, December 7, 1994. BANK HOLDING COMPANIES Director, BS&R Banco Bilbao Vizcaya, S.A., Bilbao, Spain -- request for relief from a commitment in order to conduct private placement activities through a de novo Delaware-based, registered broker-dealer subsidiary. Granted, December 5, 1994. H.2 DECEMBER 5, 1994 TO DECEMBER 10, 1999 PAGE 4 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Atlanta Barnett Banks, Inc., Jacksonville, Florida - - t o acquire EquiCredit Corporation, Jacksonville, Florida, and engage in consumer finance and credit related insurance activities. Approved, December 7, 1994. S t . Louis Boatmen’s Bancshares, Inc., St. Louis, Missouri - - t o acquire National Mortgage Company, Memphis, Tennessee, Arkansas Home Loan Company; National Home Loan Company, Inc., and National Home Loan Company of Mississippi, Inc. Approved, December 5, 1994. Kansas City Capital City Bancshares, Inc., Topeka, Kansas -- to acquire Johnson County Bank, Overland Park, Kansas. Approved, December 9, 1994. Dallas Central Bancshares, Inc., Houston, Texas -- to acquire Lee County National Bank, Giddings, Texas. Withdrawn, December 8, 1994. S t . Louis CNB Bancshares, Inc., Evansville, Indiana, and KBI Acquisition Company - - t o acquire Harrisburg Bancshares, Inc., Harrisburg, Illinois, and The Harrisburg National Bank. Approved, December 7, 1994. Minneapolis Community First Bankshares, Inc., Fargo, North Dakota -- to acquire Bank of Colorado Holding Company, Vail, Colorado. Approved, December 7, 1994. Minneapolis Community First Bankshares, Inc., Fargo, North Dakota - - t o engage de novo in providing management consulting advice to depository institutions through Community First Service Corporation. Permitted, December 8, 1994. Kansas City First National of Nebraska, Inc., Omaha, Nebraska, and First National of Colorado, Inc. -- to acquire Union Colony Bancorporation, Inc., Greeley, Colorado. Approved, December 6, 1994. H.2 DECEMBER 5, 1994 TO DECEMBER 10, 1994 PAGE 5 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK HOLDING COMPANIES Chicago First of America Bank Corporation, Kalamazoo, Michigan - - t o acquire New England Trust Company, Providence, Rhode Island. Approved, December 5, 1994. Cleveland Laurel Capital Group, Inc., Allison Park, Pennsylvania - - t o acquire Laurel Savings Bank, Approved, December 8, 1994. Kansas City Malmo Bancorp, Inc., Malmo, Nebraska - - t o acquire Malmo Agency Company, and engage in the sale of general insurance through Malmo Insurance Agency.. Approved, December 7, 1994. Atlanta Newton Bancorporation, Inc., Newton, Mississippi -request for waiver of commitment concerning redemption of shares. Granted, December 9, 1994. Chicago Northern Bankshares, Inc., McFarland, Wisconsin -- to participate in overline loans with McFarland State Bank. Permitted, December 5, 1994. Chicago Prairie Financial Corporation, Bridgewater, Illinois - - t o acquire Prairie Bank and Trust Company. Returned, December 7, 1994. St. Louis Truman Bancorp, Inc., Brentwood, Missouri -- to acquire shares of United States National Bank of Clayton, St. Louis, Missouri. Approved, December 6, 1994. BANK MERGERS Chicago First of America Bank-West Michigan - - t o acquire the assets and assume the liabilities of the Grand Rapids, Michigan, branch of Great Lakes Bancorp, A Federal Savings Bank, Ann Arbor, Michigan. Approved, December 5, 1994. H.2 DECEMBER 5, 1994 PAGE 6 TO DECEMBER 10, 1994 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY BANK MERGERS BAN K S. Kansas City Vail Bank, Vail, Colorado " t o acquire the assets and assume the liabilities of the Vail branch of Colorado Community First State Bank, Steamboat Springs, Colorado. Approved, December 7, 1994. Cleveland Wesbanco Bank Wheeling, Wheeling, West Virginia - - t o merge with Wesbanco Bank Elm Grove, Inc. Approved, December 5, 1994. San Francisco WestAmerica Bank, San Rafael, California -- to merge with Pacific Valley National Bank, Modesto, California, and to establish branches. Approved, December 8, 1994. ST A T E MEMBER Dallas' C A P IT A L Texas City Bank, Texas City, Texas -- payment of a dividend. Approved, December 6, 1994. STOCK Minneapolis MPS Investment Company, Appleton, Minnesota redemption of shares. Approved, December 5, 1994. CHANGE XN BANK CONTROL Cleveland First National London Bankshares, Inc., London, Kentucky -- change in bank control. Permitted, December 9, 1994. Minneapolis MPS Investment Company, Appleton, Minnesota -- change in bank control. Permitted, December 5, 1994. Dallas Spearman Bancshares, Inc., Spearman, Texas -- change in bank control. Permitted, December 7, 1994. H.2 DECEMBER 5, 1994 TO DECEMBER 10, 1994 PAGE 7 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago Bank Midwest, Okoboji, Iowa, proposed acquisition of the assets and assumption of the liabilities of Stockdale Bancorporation, Arnolds Park, Iowa -report on competitive factors. Submitted, December 6, 1994. San Francisco Bank of Commerce, San Diego, California, proposed purchase of certain assets and assumption of certain liabilities of one branch of First Commercial Bank, Sacramento, California -- report on competitive factors. Submitted, December 6, 1994. Atlanta Bank of Louisiana, New Orleans, Louisiana, proposed acquisition of the assets and assumption of the liabilities of First American Bank of Tangipahoa, Hammond, Louisiana -- report on competitive factors. Submitted, December 5, 1994. Richmond Carolina First Savings Bank, F.S.B., Greenville, South Carolina, proposed merger with Carolina First Savings Bank, F.S.B., Georgetown, South Carolina report on competitive factors. Submitted, December 5, 1994. Kansas City First National Bank in Altus, Altus, Oklahoma, proposed acquisition of the assets and assumption of the liabilities of the Frederick branch of Bank of Colorado, Tulsa, Oklahoma -- report on competitive factors. Submitted, December 8, 1994. Atlanta First National Bank of Santa Rosa ESOP, Milton, Florida, proposed change in control by First National Bank of Santa Rosa -- report on competitive factors. Submitted, December 7, 1994. Atlanta First National Bank of Shelbyville, Shelbyville, Tennessee, proposed merger with The Peoples Bank of Elk Valley, Fayetteville, Tennessee -- report on competitive factors. Submitted, December 5, 1994. H.2 DECEMBER 5, 1994 TO DECEMBER 10, 1994 PAGE 8 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Chicago First of America Bank-West Michigan, proposed acquisition of the assets and assumption of the liabilities of the Grand Rapids, Michigan, branch of Great Lakes Bancorp, A Federal Savings Bank, Ann Arbor, Michigan -- report on competitive factors. Submitted, December 5, 1994. New York Hudson United Bank, Union City, New Jersey, proposed merger with Jefferson National Bank of Passaic, New Jersey -- report on competitive factors. Submitted, December 8, 1994. Chicago M & I Bank of Oshkosh, Oshkosh, Wisconsin, proposed merger with M & I Western State Bank -- report on competitive factors. Submitted, December 7, 1994. Cleveland Merchants National Bank of Kittanning, Kittanning, Pennsylvania, proposed merger with The Merchants Interim National Bank -- report on competitive factors. Submitted, December 5, 1994. Cleveland Old Phoenix National Bank, Medina, Ohio, proposed purchase of assets and assumption of deposit liabilities of the Wadsworth, Ohio, branch of Peoples National Bank, Wooster, Ohio -- report on competitive factors. Submitted, December 10, 1994. Atlanta Republic Bank, Clearwater, Florida, proposed acquisition of the Clearwater, Florida, branch of Comerica Bank and Trust, F.S.B., Boca Raton, Florida -- report on competitive factors. Submitted, December 6, 1994. Philadelphia Russell National Bank, Lewiston, Pennsylvania, proposed merger with Peoples National Bank of Central Pennsylvania, State College, Pennsylvania - report on competitive factors. Submitted, December 9, 1994. H.2 DECEMBER 5, 1994 TO DECEMBER 10, 1994 PAGE 9 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY COMPETITIVE FACTORS REPORTS Boston Shawmut Bank, N.A., Boston, Massachusetts, proposed purchase of assets and assumption of liabilities of two branches of Northeast Savings, F.A., Hartford, Connecticut -- report on competitive factors. Submitted, December 7, 1994. Boston Shawmut Savings and Loan Association, Saratoga Springs, New York, proposed merger with Shawmut Bank New York, N.A., Schenectady, New York report on competitive factors. Submitted, December 7, 1994. Atlanta SouthTrust Bank of Southwest Florida, N.A., Fort Myers, Florida, proposed purchase of the assets and assumption of the liabilities of the Naples, Florida, and Fort Myers, Florida, branches of Anchor Savings Bank, FSB, Hewlett, New York -report on competitve factors. Submitted, December 7, 1994. Atlanta SouthTrust Corporation, Birmingham, Alabama, proposal to merge all but one of its Alabama bank subsidiaries with South Trust Bank of Alabama, N.A. -- report on competitive factors. Submitted, December 7, 1994. Kansas City Valley State Bank, Atchison, Kansas, proposed acquisition of the assets and assumption of the liabilities of Roeland Park, Kansas, branch of Household Bank, F.S.B., Newport Beach, California - report on competitive factors. Submitted, December 7, 1994. EXTENSIONS OF TIME Philadelphia Berks County Bank, Reading, Pennsylvania -- extension to open a branch at 2220 State Hill Road, Wyomissing Hills Borough in Berks County. Granted, December 5, 1994. Atlanta FNB Bancshares, Inc., Springfield, Georgia -extension to March 9, 1995, to acquire First National Bank of Effingham, Springfield, Georgia. Granted, December 9, 1994. H.2 DECEMBER 5, 199a TO DECEMBER 10, 199a PAGE 10 ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY MEMBERSHIP Chicago Citizens Bank and Trust Company, Belle Plains, Iowa * - to become a member of the Federal Reserve System. Returned, December 8, 1994. Minneapolis First Western Bank & Trust, Minot, North Dakota - - t o become a member of the Federal Reserve System. Approved, December 7, 1994. Minneapolis Montana State Bank, Plentywood, Montana -- to become a member of the Federal Reserve System. Approved, December 8, 1994. RESERVE BANK OPERATIONS Director, FRBO Federal Reserve Bank of Chicago - - t o proceed with identifying leased space in the Peoria/Bloomington, Illinois, area to establish a satellite check processing facility within the Chicago check processing region. Approved, December 7, 1994. H.2 DECEMBER 5, 1994 PAGE 11 A C T IO N S « ADDITIONS AND CORRECTIONS TO DECEMBER 10, 1994 TAKEN BY THE BOARD OF GOVERNORS . R E G U L A T IO N S AND P O L I C I E S Capital adequacy -- final rule to revise risk-based capital standards to account for the risks of nontraditional activities (Docket R-0764). Approved, August 3, 1994. ADDITIONS AND CORRECTIONS A C T IO N S TAKEN BY THE S T A F F AND THE FEDERAL R E SE R V E BANKS UNDER DELEGATED A UTH O RITY BANK B R A N C H E S ■ DO M ESTIC San Francisco Humboldt Bank, Eureka, California -- to retain a mobile branch in Humboldt County. Approved, November 28, 1994. BANK HO LDING C O M PAN IES Chicago C O M P E T IT IV E Chadwick Bancshares, Inc., Chadwick, Illinois -- to acquire Community Insurance, Inc., Miles, Iowa. Approved, December 2, 1994. FACTO RS R EPO R TS San Francisco Downey Merger Corporation, Newport Beach, California, proposed merger with Downey Savings and Loan Association -- report on competitive factors. Submitted, October 5, 1994. 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 Shawmut National Corporation, Hartford, Connecticut 3(a)(l)/3(a)(3) application to acquire Shawmut Bank New York, N.A., Schenectady, New York** Newspaper Bank of Boston Corporation and BancBoston Holdings, both of Boston, Massachusetts 3(a)(3) application to acquire 100% of the voting shares of Bank of Boston, National Association, South Portland, Maine* Newspaper 12-22-94 Federal Register 12-30-94 Not Yet Established Federal Register 01-05-95 SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY Application State Street Boston Corporation, Boston, Massachusetts - 4(c)(8) notification to acquire IFTC Holdings, Inc., Kansas City, Missouri Comment Period Ending Date Federal Register 01-04-95 *Subject to CRA. **Rating Definitions: "0" - Outstanding; "S" - Satisfactory; - Needs to Improve; "SN" - Substantial Noncompliance. "N" SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE Application NONE SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS I Institution Examination Date NONE Rating* F e d e r a l R eserve Bank o f New Y o rk Comment Period Ending Date SECTION I Applications Subject to Newspaper ___________ Notice Only___________ None. SECTION II Applications Subject to Both Newspaper and Federal Register Notice The Chase Manhattan Corporation, New York, New York ("Applicant"), to acquire all the outstanding capital stock of Chase Savings Bank, New York, New York, a New York State chartered savings bank with fiduciary powers that is organized as an interim savings bank as part of a series of steps that will result in the merger of The Chase Manhattan Bank of Connecticut, National Association, Bridgeport, Connecticut, with and into The Chase Manhattan Bank, National Association, New York, New York. 1/ SECTION III Nonbanking Applications (subject to Federal Register Notice Only) None. SECTION IV Applications Not Involving ______ Public Comment______ None. 1/ Subject to provisions of Community Reinvestment Act. 1/7/95 2/ SECTION V Availability of CRA Public Evaluations In connection with the assessment of each insured depository institution's CRA performance, a rating is assigned from the following group: Outstanding record of meeting community credit needs. An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs. An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to 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. |U> Ito |H Week Ending December 12, 1994 / / / 4/ NAME OF BANK RATING EXAMINATION DATE West Jersey Community Bank 165 Passaic Avenue Fairfield, NJ 07004 May 16, 1994 Satisfactory 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 BAKE OF PHILADELPHIA 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 Keystone Financial. Inc.. Harrisburg, Pennsylvania to establish a non-bank subsidiary to be named Key Trust Company, which will engage in the trust activities of Keystone's subsidiary, Frankford Trust Company, Philadelphia, Pennsylvania, pursuant to Section 4(c)(8) of the Bank Holding Company Act and Section 225.25(b)(3) of Regulation Y. Federal Register comment period expires: N/A Susquehanna Bancshares, Inc.. Lititz, Pennsylvania requests approval to acquire 100% of the voting shares of Atlanfed Bancorp, Inc, and its wholly owned subsidiary, Atlantic Federal Savings Bank, Baltimore, Maryland, pursuant to Section 4(c)(8) of Bank Holding Company Act and Section 225.25(b)(9) of Regulation Y. Federal Register comment period expires: 12/13/94 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 December 9, 1994* 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• Heeds 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 noncompl iance in meeting community credit needs. An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Bank/Location Examination Date CRA Rating Berks County Bank 400 Washington Street Reading, PA., 19601 5/2/94 Satisfactory Federal Reserve Bank of Cleveland P. O. BOX 6387 CLEVELAND, OHIO 44101-1387 APPLICATIONS BULLETIN (For the week ending December 10,1994) SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY Received application from The Hocking Valley Bank, Athens, Ohio, on December 9, 1994, to become a member o f the Federal Reserve System. Received prior notice from Premier Bank & Trust, Elyria, Ohio, on December 2, 1994, o f its intent to establish branch facilities at 38475 Chestnut Ridge Road, Elyria, Ohio, and 15181 State Route 58, Oberlin, Ohio. *January 15, 1995 * Not Yet Known # SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE NONE SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY NONE SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE NONE * - Subject to CRA N - Newspaper Comment Period F - Federal Register Comment Period # - Expected to End 30 Days from Date o f Receipt AVAILABILITY OF CRA PUBLIC EVALUATIONS (December 9, 1994) The following state member banks have been examined by the Federal Reserve Bank o f Cleveland for compliance with The Community Reinvestment Act. A public evaluation document became available from the bank(s) listed below during the week ended December 9,1994. If you are interested in obtaining a copy o f an evaluation document, please contact the bank(s) directly. ' There are four descriptive ratings for CRA: OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SATISFACTORY: a bank in this group has a satisfactory record o f ascertaining and helping to meet the credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. NEEDS TO IMPROVE: 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 lowand moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SUBSTANTIAL NON COMPLIANCE: a bank 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. NONE Federal Reserve Bank of Richmond Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application Crestar Bank, Richmond, Virginia, to merge with TideMark Bank, Newport News, , Virginia.'* 12-28-94 Enterprise Bank and Trust Company, WinstonSalem, North Carolina, to establish a branch at 131 East Mountain Street, Kernersville, North Carolina.* 12-31-94 Signet Bank/Virginia, Richmond, Virginia, to establish a branch at the Amoco Fas Mart, 16575 Mountain Road, Montpelier, Virginia.* 12-31-94 Miners and Merchants Bank and Trust Company, Grundy, Virginia, to establish a branch at 1897 Lee Highway, Bristol, Virginia.* 1-7-95 Miners and Merchants Bank and Trust Company, Grundy, Virginia, to establish a branch at 914 West Mein Street, Abingdon, Virginia.* 1-7-95 Section II - Applications Subject to Both Newspaper and Federal Register Notice Application Crestar Financial Corporation, Richmond, Virginia, to merge with Tidemark Bancorp, Inc., Newport News, Virginia.* Comment Period Ending Date 12-28-94 IBW, Inc., Washington, D. C., to become a bank holding company through the acquisition of 100% of the voting shares of Industrial Bank of Washington, Washington, D. C.* 1-6-95** CCB Financial Corporation, Durham, North Carolina, to merge with Security Capital Bancorp, Salisbury, North Carolina.* 1-9-95 *Application is subject to CRA requirements. **Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Richmond Section III - Applications Subject to Federal Register Notice Application First South Eagle South Comment Period Ending Date United Bancorporation, Anderson, Carolina, to acquire the assets of Finance Company, Inc., Hartsville, Carolina. 12-27-94** Section IV - Application Not Subject to Federal Register Notice or Newspaper Notice None. **Expiration of comment period specified in the Federal Register. Federal Reserve Bank of Richmond Availability of CRA Public Evaluations Week ending December 12, 1994 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____ Rating Bank of Tazewell County 309 East Main Street Tazewell, Virginia 24651-1029 9-19-94 Satisfactory First Community Bank Routes 221 and 666 Forest, Virginia 24551 9-19-94 Satisfactory Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending December 10, 1994 Section 1 - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date Barnett Bank of Volusia County 12-24-94* 1 DeLand, Florida To establish a branch located at the Southeast Corner of Palm Coast Parkway and Belle Terre Parkway, Palm Coast, Florida, to be known as Belle Terre Office. SouthTrust Bank of West Florida Not yet available* St. Petersburg, Florida To merge with the Tampa and New Port Richey offices of Anchor Savings Bank, FSB, Hewlett, New York, pursuant to Section 1 8 (c) of the Federal Deposit Insurance Act. SouthTrust Bank of West Florida 01-01-95* St. Petersburg, Florida To acquire certain assets and assume certain liabilities of the Tampa and New Port Richey branches of Anchor Savings Bank, FSB, Hewlett, New York, pursuant to Section 5(d) (3) of the Federal Deposit Insurance Act, as amended by the Federal Deposit Insurance Corporation Improvement Act of 1991. Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date A. Wilbert's Sons Lumber & Shingle Company Not Yet Available* Plaquemine, Louisiana For its subsidiary, Iberville Trust and Savings Bank, Plaquemine, Louisiana, to merge with Bayoulands Financial Corporation, Plattenville, Louisiana, and thereby directly acquire Bayoulands Bank, Plattenville, Louisiana, pursuant to Section 3(a ) (5) of the Bank Holding Company Act. Bayoulands Bank will immediately merge into Iberville Trust and Savings Bank. Synovus Financial Corp. Not yet available* Columbus, Georgia Along with TB&C Bancshares, Inc., Columbus, Georgia, to merge with NBSC Corporation, Columbia, South Carolina, and thereby directly acquire The National Bank of South Carolina, Columbia, South Carolina, pursuant to Section 3(a ) (5) of the Bank Holding Company Act. *Subject to provisions of the Community Reinvestment Act. Section 2 - Applications Subject to Both Section 2 - Applications Subject to Both Newspaper and Federal Register Notice Application Comment Period Ending Date Synovus Financial Corp. Not yet available* Columbus, Georgia Along with TB&C Bancshares, Inc., Columbus, Georgia, to acquire • Sumbank Life Insurance Company, Columbia, South Carolina, pursuant to Section 225.25(b)(8)(ii) of Regulation Y and Section 4(c)(8) of the Bank Holding Company Act. Section 3 - Applications Subject to Federal Register Only Application Comment Period Ending Date No n e . Section 4 - Applications Not Subject to Federal Register Notice or Newspaper Notice Application None. *Subject to provisions of the Community Reinvestment Act. Federal Reserve Bank of Atlanta Applications Bulletin for Week Ending December 10, 1994 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 thecredit 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 None. Rating Date Federal Reserve Bank of Chicago Section I - Applications Subject to N ewspaper Notice Only Type Application Branch I First of America Bank-West Michigan Grand Rapids, Michigan 2000 32nd Street Grand Rapids, Michigan Comment Period Ending Date N - 11-26-94 Merger/Branch Citizens Commercial & Savings Bank N - ** Flint, Michigan Bank One, Fenton, N.A. Fenton, Michigan Bank One, Ypsilanti, N.A. Ypsilanti, Michigan Bank One, East Lansing East Lansing, Michigan Bank One, Sturgis Sturgis, Michigan and to establish 20 branches Branch Wayne Bank & Trust Company Cambridge City, Indiana 2260 National Road West Richmond, Indiana N - 12-5-94 Membership Union State Bank Rockwell City, Iowa to become a member of the Federal Reserve System N - ★* Federal Reserve Bank of Chicago Section TT - Applications Subject_to Both Newspaper and Federal Register Notice Comment Period Ending Date Type Application CoC-HC ( WFC, Inc. Waukon, Iowa James E. Sweeney and Margo Sweeney FR - 11N - 12- CoC-HC State Center Financial, Inc. State Center, Iowa by Craig H. Haesemeyer FR - 10-17-94 N - 12-7-94 CoC-HC Mid-America National Bancorp, Chicago, Illinois Harold P. O'Connell, Jr. Y-2 FR - 10-28-94 Greatbanc, Inc. Aurora, Illinois N - 12-25-94 Greatbank Algonquin, Illinois--to reactivate a charter* Y-2 Waupaca Bancorporation, Inc. Waupaca, Wisconsin NBC Bancshares, Inc. Pampa, Texas National Bank of Commerce Pampa, Texas* FR - 12-23-94 N - 12-17-94 Y-2 Citizens Banking Corporation Flint, Michigan Bank One, Fenton, N.A. Fenton, Michigan Bank One, Ypsilanti, N.A. Ypsilanti, Michigan Bank One, East Lansing East Lansing, Michigan Bank One, Sturgis Sturgis, Michigan FR - 12-5-94 N - ** Y-l Community Bancorp, Inc. Norwalk, Wisconsin Community State Bank Norwalk, Wisconsin* FR - 12-05-94 NP - 12-26-94 Y-l West Town Bancorp, Inc. Cicero, Illinois West Town Savings Bank Cicero, Illinois* FR - 12-19-94 NP - 12-9-94 Inc. 8-94 20-94 FR - 10-31-94 N - 12-23-94 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Application Iyb & Y-l ' Rantoul Bancorp, Inc. Rantoul, Illinois Bancorp of Rantoul, Inc. Rantoul, Illinois Bank of Rantoul Rantoul, Illinois* Comment Period Ending Date FR - 12-15-94 N - ** Y-2 Marshall & Ilsley Corporation FR - 12-16-94 Milwaukee, Wisconsin N - 12-11-94 Financial Services Corporation of the Midwest Rock Island, Illinois Rock Island Bank Rock Island, Illinois* Y-2 Old Kent Financial Corporation Grand Rapids, Michigan First National Bank Corp. Mount Clemens, Michigan First National Bank in Macomb County Mount Clemens, Michigan* FR - 12-08-94 NP - 12-26-94 Y-2 Longview Capital Corporation Newman, Illinois First Prairie Bankshares, Inc. Georgetown, Illinois First National Bank of Georgetown Georgetown, Illinois* FR - 12-29-94 NP - 12-19-94 Y-l Philipps Investment Company Limited Partnership Spring Hill, Florida Gratiot Bancshares, Inc. Gratiot, Wisconsin Gratiot State Bank Gratiot, Wisconsin* FR - 12-15-94 NP - 12-30-94 Y-l Philipps Investment Limited Partnership Wapiti, Wyoming Gratiot Bancshares, Inc. Gratiot, Wisconsin Gratiot State Bank Gratiot, Wisconsin* FR - 12-15-94 NP - 12-30-94 Y-2 Comerica California Incorporated San Jose, California University Bank & Trust Company Palo Alto, California* FR NP 12-30-94 ★★ Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Type Application Y-2 Comerica Incorporated Detroit, Michigan University Bank & Trust Company Palo Alto, California* FR - 12-30-94 NP - ** Y-2 Firstar Corporation Milwaukee, Wisconsin Investors Bank Corp. Wayzata, Minnesota Investors Savings Bank, F.S.B. Wayzata, Minnesota* FR - 12-29-94 NP - ** Y-2 Firstar Corporation of Minnesota Bloomington, Minnesota Investors Bank Corp. Wayzata, Minnesota Investors Savings Bank, F.S.B. Wayzata, Minnesota* FR - 12-29-94 NP - ** Y-l Alpha Bancorp, Inc. Chicago, Illinois Alpha Financial Corporation Chicago, Illinois Archer National Bank of Chicago Chicago, Illinois Chicago National Bank Chicago, Illinois* FR - ** NP - ** Y-2 Illinois Financial Services, Inc. Chicago, Illinois Alpha Bancorp, Inc. Chicago, Illinois Alpha Financial Corporation Chicago, Illinois Archer National Bank of Chicago Chicago, Illinois Chicago National Bank Chicago, Illinois* FR - ** NP - ** Y-2 FBOP Corporation Oak Park, Illinois North Houston Bank Houston, Texas* FR - ** NP - 12-28-94 Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Comment Period Ending Date Type Application Y-l First State Bancorp of Monticello, Inc. Employee Stock Ownership Plan Monticello, Illinois First State Bancorp of Monticello, Inc. Monticello, Illinois Atwood State Bank Atwood, Illinois First State Bank of Bloomington Bloomington, Illinois First State Bank of Heyworth Heyworth, Illinois First State Bank Monticello Hammond, Illinois* FR - 1-6-95 NP - ** Y-2 Firstar Corporation Milwaukee, Wisconsin First Moline Financial Corp. Moline, Illinois First Moline Moline, Illinois First Federal Savings Bank of Moline Moline, Illinois* FR - 11-14-94 NP - 12-30-94 Y-l B J Morgan Bancshares, Inc. Morgantown, Indiana First State Bank Morgantown, Indiana* FR - ** NP - ** Y-2 Firstar Corporation of Iowa Des Moines, Iowa First Moline Financial Corp. Moline, Illinois First Moline Moline, Illinois First Federal Savings Bank of Moline Moline, Illinois* FR - 11-14-94 NP - 12-30-94 Federal Reserve Bank of Chicago Section III - Applications Subject to Federal Register Notice Only Comment Period Ending Date Application lyse Y-4 i 4(c) (8) Bank of Montreal Toronto, Canada Burns Fry Holding Corporation Toronto, Canada FR - 12-12-94 Associated Banc-Corp Green Bay, Wisconsin Associated Trust Company of Illinois, Chicago, Illinois FR - 12-9-94 Inc. 4 (c) (8) D & D Bancshares, Inc. FR - 12-12-94 Mount Auburn, Iowa to buy participation loans from the subsidiary bank 4 (c) (8) West Town Bancorp, Inc. Cicero, Illinois to engage De Novo in making & servicing of loans FR - 12-19-94 SMB-OT Old Kent Bank and Trust Company Grand Rapids, Michigan Hartger & Willard Mortgage Associates, Grand Rapids, Michigan FR - ** Y-4 Y-4 Y-4 Firstar Corporation Milwaukee, Wisconsin First Colonial Investment Services, Rosemont, Illinois Firstar Corporation of Illinois Milwaukee, Wisconsin First Colonial Investment Services, Rosemont, Illinois Marshall & Ilsley Corporation Milwaukee, Wisconsin Software Alliance Corporation Berkeley, California Inc. FR - 12-8-94 Inc. FR - 12-8-94 Inc. FR - 12-20-94 Federal Reserve Bank of Chicago Section III - Applications Sub~iect_to Federal Register Notice Only Continued Type Y-4 Comment Period Ending Date* Application < Firstar Corporation Milwaukee, Wisconsin Investors Insurance Agency, Inc. Wayzata, Minnesota FR - 12-29-94 Y-4 Firstar Corporation of Minnesota Bloomington, Minnesota Investors Insurance Agency, Inc. Wayzata, Minnesota FR - 12-29-94 4 (c) (8) American National Corporation FR - 12-23-94 Chicago, Illinois to engage in making acquiring or servicing loans thru ANB Mezzanine Corporation, Chicago, Illinois 4(c) (8) Huxley Bancorp FR - 12-23-94 Huxley, Iowa to engage in the business of making and servicing loans up to a minimum of $500,000 Y-4 First State Bancorp of Monticello, Employee Stock Ownership Plan Monticello, Illinois Eskridge Agency, Inc. Monticello, Illinois Inc. FR - 1-6-95 Federal Reserve Bank of Chicago Section IV - Applications Not Subject to Federal Register or Newspaper Notice Type Application RoS • First Waukegan Corporation Glenview, Illinois to purchase & redeem up to 313,794 shares 149.7% of its issued & outstanding common stock N - Newspaper FR - Federal Register * - Subject to Provisions of Community Reinvestment Act ★ * - Not available 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 3 0-day business day period the bank has to make the evaluation public has lapsed during the week ending December 9, 1994. 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 ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. SN-An institution in this group has a 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 NAME/LOCATION -American 895 Town P.0. Box Dubuque, EXAMINATION DATE Trust & Savings Bank Clock Plaza 938 Iowa 52004-0938 RATINGS 8/15/94 0 -The Bank of Brodhead 806 East Exchange Street P.O. Box 108 Brodhead, Wisconsin 53520-0108 (608) 897-2121 9/l'2/94 S -Chelsea State Bank 1010 South Main Street P.O. Box 10 Chelsea, Michigan 48118-0010 (313) 475-1355 8/21/94 S Federal Reserve Bank of St. Louis FOR THE WEEK ENDING December 9, 1994 Application SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE End of Comment Period ★Section 18(c) application by The Callaway Bank, Fulton, Missouri, to merge with Steedman Bank, Mokane, Missouri. 1/5/95 SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period ★Section 3(a)(3) application by Boatmen's Bancshares, Inc., St. Louis, Missouri to acquire Salem Community Bancorp, Inc., Salem, Illinois. Newspaper: 12/28/94 ★Section 3(a)(1) application by Boatmen's-Illinois, Inc., St. Louis, Missouri, to acquire Boatmen's Bank of South Central Illinois, Mt. Vernon, Illinois. 'Newspaper: 12/28/94 ★Section 3(a)(3) application by Old National Bancorp, Evansville, Indiana, to acquire Oblong Bancshares, Inc., Oblong, Illinois. Newspaper: 1/9/95 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 None. ★This Application is subject to CRA. End of Comment Period FEDERAL RESERVE BANK OF ST. LOUIS St. Louis, Missouri AVAILABILITY OF CRA PUBLIC DISCLOSURES I d e n t i f i c a t i o n O u t s t a n d i n g o f R a t i n g s : r e c o r d o f m e e t i n g c o m m u n i t y c r e d i t n e e d s An institution in thisgroup has an outstanding record of, and isa leader in, ascertaining and helping to meet the credit needs ofits entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with itsresources and capabilities. S a t i s f a c t o r y r e c o r d o f m e e t i n g c o m m u n i t y c r e d i t n e e d s An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate- income neighborhoods, in a manner consistent with itsresources and capabilities. N e e d s t o i m p r o v e r e c o r d o f m e e t i n g c o m m u n i t y c r e d i t n e e d s An institution in thisgroup needs to improve itsoverallrecord 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 itsresources and capabilities. S u b s t a n t i a l n o n c o m p l i a n c e in m e e t i n g c o m m u n i t y c r e d i t n e e d s An institution in this group has a substantially deficient record of ascertaining and helping to meet the credit needs of itsentire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with itsresources and capabilities. FOR THE WEEK ENDING Name of Bank First State Bank of St. Robert December 9, 1994 Bank Address P. 0. Box P, Waynesville, MO 65583 Examination Date Examination Rating 8-29-94 22222/2 FEDERAL RESERVE BANK OF MINNEAPOLIS Section I - Applications Subject to Newspaper Notice Only Comment Period Ending Date Application First Interstate Bank of Commerce, Billings, MT, to merge with First Citizens Bank of Bozeman, Bozeman, MT, and incident thereto establish a branch Not yet available Dacotah Bank Holding Company, Aberdeen, South Dakota, to engage in title insurance agency activities through the acquisition of Grue Abstract Company, Webster, SD December 15, 1994 FEDERAL RESERVE BANK OF MINNEAPOLIS Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Application Ending Date Stearns Financial Services, Inc., ESOP, Albany, Minnesota, to become a bank holding company through the acquisition of 30.OX of the voting shares of Stearns Financial Services, Inc., Albany, MN* Not yet available ^Subject to CRA FEDERAL RESERVE BANK OF MINNEAPOLIS Section III - Applications Subject to Fe4eyal,Register.Notice.Only Application Stearns Financial Services, Inc., ESOP, Albany, Minnesota, to engage in general insurance agency activities through the acquisition of Stearns Financial Services, Inc., Albany, MN Comment Period Ending Date Not yet available FEDERAL RESERVE BANK OF MINNEAPOLIS Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice Application Culbertson State Bank, Culbertson, MT, to pay a dividend of $100,000 FEDERAL RESERVE BANK OF MINNEAPOLIS Section V - Availability of CRA Public Evaluations week ending December 9, 1994 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 Ridgedale State Bank 1730 Plymouth Road Minnetonka, MN 55305 (612) 544-2444 August 22, 1994 Satisfactory Federal Reserve Bank of Kansas City 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 Thomas D. McGavran; Thomas D. McGavran IRA; and Thomas D. and Emley A. McGavran, all of Delphos, Kansas, to increase their ownership interest in Delphos, Inc., Delphos, Kansas, from .98 percent to 1.06 percent, from 4.70 to 6.56 percent, and from 2.16 to 14.19 percent, respectively. Not Available Cheyenne Banking Corporation, Cheyenne, Oklahoma, to become a bank holding company through the acquisition of 100 percent of the voting shares of Security State Bank, Cheyenne, Oklahoma.* January 6, 1995 Estes Park Bank Restated Employee Stock Ownership Plan, Estes Park, Colorado, for prior approval to acquire 47.43 percent of the voting shares of Estes Bank Corporation, Estes Park, Colorado.* Not Available SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY APPLICATION COMMENT PERIOD ENDING DATE None. SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE APPLICATION None. Federal Reserve Bank of Kansas City SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS Identification of Ratings In connection with the assessment of each insured depositoryinstitution'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. Bank/Location Exam Date None. ♦Application is subject to CRA. CRA Public Date CRA Rating FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF DECEMBER 5, 1994 SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY . APPLICATION NOTICE EXP None. SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE APPLICATION ♦Section 3(a)(1) application by Menard Bancshares, Inc., Menard, TX, to acquire Menard National Bank, Menard, TX (Previously reported during the week of 11-14-94) ♦Section 3(a)(1) application by Roxton Corporation Employees’ Stock Ownership Plan, Whitesboro, TX, to acquire The Roxton Corporation, Whitesboro, TX, and The First State Bank, Roxton, TX (Previously reported during the week of 10-31-94) ♦Section 3(a)(3) application by Mission-Heights Management Company, Ltd., Channelview, TX, to acquire additional shares of Prime Bancshares, Inc., Channelview, TX (Previously reported during the week of 11-14-94) ** NOTICE EXP 94/12/17 94/11/30 94/12/03 ♦Section 3(a)(3) application by Texas Bancshares, Inc., San Antonio, TX, to acquire State Bank of La Vernia, La Vernia, TX N/A ♦Section 3(a)(1) application by The ANB Corporation, Terrell, TX, to acquire The ANB Delaware Corporation, Terrell, TX, and The American National Bank of Terrell, Terrell, TX N/A ♦Section 3(a)(1) application by The ANB Delaware Corporation, Terrell, TX, to acquire The American National BAnk of Terrell, Terrell, TX N/A ♦Section 3(a)(1) application by Paladon Management Co., Inc., Panhandle, TX, to acquire Paladon Investments, Ltd., Panhandle, TX; Panhandle Bancshares, Inc., Panhandle, TX; and First National Bank of Panhandle, Panhandle, TX 94/12/31 ♦Section 3(a)(1) application by Paladon Investments, Ltd., Panhandle, TX, to acquire Panhandle Bancshares, Inc., Panhandle, TX, and First National Bank of Panhandle, Panhandle, TX 94/12/31 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 DECENBER 5. 1994 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 cpnsistent 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 Silsbee State Bank P.0. Box 487 100 E. Avenue G Silsbee, TX 77656-0487 94/08/22 Satisfactory Sulphur Springs State Bank P.0. Box 500 100 Jefferson Street Sulphur Springs, TX 75483-0500 94/08/22 Outstanding CRA Rating FEDERAL RESERVE BANK OF SAN FRANCISCO Week ending 12/09/94 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 Ronald Gabriel, Montebello, California, to replace John Gabriel as trustee of the Gabriel Family Trust and thereby control approximately 73 percent of Garfield Bank, Garfield, California. * Newspaper: 12/18/94 Fed. Reo.: 12/19/94 Commerical Bancorp, Salem, Oregon, and West Coast Bancorp, Newport, Oregon, to acquire approximately 19.9 percent of each other's voting shares. * Newspaper: 12/25/94 Fed. Rea.: 12/30/94 Commercial Bancorp, Salem, Oregon, to acquire 100 percent of and merge with West Coast Bancorp, Newport, Oregon. * Newspaper: 12/25/94 Fed. Reo.: 12/30/94 Section III - Applications Subject to Federal Register Notice Only None Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None * Subject to CRA. FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.) • Week Ending 12/09/94 Section V - Availability of CRA Public Evaluations The CRA public evaluations of the institution(s) below became available during the week ending December 9, 1994. 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 is assigned one of the following four ratings: Outstanding record of meeting community credit needs: An institution has an outstanding record of, and is a leader in, ascertaining and helping to meet the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Satisfactory record of meeting community credit needs: An institution has a satisfactory record of ascertaining and meeting the credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. Needs to improve record of meeting community credit needs: An institution needs to improve its overall record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities Substantlal noncomol1ance in meeting community credit needs: An institution has a substantially deficient record of ascertaining and helping to meet the credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities