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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