The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RE S E R V E SYSTEM
H. 2, 1993, No. 50
Actions of the Board, its Staff, and
the Federal R e serve Banks;
A p plications and Repo r t s Received
During the Week Ending December 11, 1993
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
TESTIMONY AND STATEMENTS
BCCI-related pending civil litigation, request for
immunity -- statement by J. Virgil Mattingly,
General Counsel of the Board, before the House
Committee on Banking, Finance and Urban Affairs,
December 9, 1993.
Published, December 7, 1993.
ADVISORY COUNCILS
Thrift Institutions Advisory Council -- appointment
of three new members and designation of Beatrice
D'Agostino as President of the Council for 1999.
Approved, December 8, 1993.
Thrift Institutions Advisory Council.
Convened, December 10, 1993.
BANK HOLDING COMPANIES
NationsBank Corporation, Charlotte, North Carolina
to acquire US West Financial Services, Inc.,
Stamford, Connecticut, and engage in certain
lending, leasing, and credit related activities.
Approved, December 6, 1993.
REGULATIONS AND POLICIES
Regulation BB -- new regulation to implement
Community Reinvestment Act.
Proposed, December 10, 1993.
Regulation K -- amendment regarding charging for
examinations of U.S. branches, agencies and
representative offices of foreign banks (Docket
R-0820).
Proposed, December 7, 1993.
H .2
DECEMBER 5, 1993
PAGE 2
TO
DECEMBER 10, 1993
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
New York
Chemical Bank, New York, New York -- to establish a
branch at Armored Motor Services of America,
65 Vantage Point Drive, Ogden, New York.
Approved, December 8, 1993.
St. Louis
First Bank of Arkansas, Trumann, Arkansas -- to
establish a branch at 405 North Illinois,
Harrisburg, Arkansas.
Approved, December 10, 1993.
Chicago
Security State Bank, Hartley, Iowa -- to establish an
offsite electronic facility at 10 3rd Street, N.W.,
Hartley, Iowa.
Returned, December 10, 1993.
Dallas
United Bank & Trust, Abilene, Texas -- to establish a
branch at 125 North Main, Trent, Texas.
Approved, December 6, 1993.
San Francisco
West One Bank, Idaho, N.A., Boise, Idaho -- to
establish a branch at 104 East Main Street,
Grangeville, Idaho.
Approved, December 6, 1993.
BANK HOLDING COMPANIES
Kansas City
American National Bancshares of Wichita, Inc.,
Wichita, Kansas - - t o acquire Harper Bancshares,
Inc., Harper, Kansas.
Approved, December 7, 1993.
H .2
DECEMBER 5, 1993
PAGE 3
TO
DECEMBER 10, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Associated Banc-Corp, Green Bay, Wisconsin -- to
retain 6.26 percent of Bay Lake Bancorp, Inc.,
Kewaunee, Wisconsin, and thereby indirectly retain
Union State Bank; 12.93 percent of Community State
Bank of Algoma, Algoma, Wisconsin, 7.05 percent of
First Manitowoc Bancorp, Inc., Manitowoc,
Wisconsin, and thereby indirectly retain First
National Bank of Manitowoc; and 6.1 percent of
First Oak Brook Bancshares, Inc., Oak Brook,
Illinois, and thereby indirectly retain First Oak
Brook Bank, Glenview, Illinois, and Oak Brook Bank,
Oak Brook, Illinois.
Approved, December 6, 1993.
Chicago
Associated Banc-Corp, Green Bay, Wisconsin -- to
retain indirect ownership of M.S. Investment
Company, Milwaukee, Wisconsin, and Mitchell Bank
Holding Corporation, and acquire Mitchell Bank.
Returned, December 8, 1993.
Richmond
Atlantic Community Bankshares, inc., Middleburg,
Virginia - - t o acquire The Middleburg National
Bank.
Approved, December 10, 1993.
St, Louis
B & P Bancorp, Incorporated, Shepherdsville, Kentucky
-- to acquire Pioneer Bancshares, Inc., Canmer,
Kentucky.
Approved, December 6, 1993.
Director, BS&R
CBT Corporation, Paducah, Kentucky -- transfer agent
registration.
Withdrawn, December 9, 1993.
Kansas City
Citizens Holding Company, Muskogee, Oklahoma -- to
acquire a joint venture interest in DIGISQURCE,
INC., Fayetteville, Arkansas, and engage in data
processing activities.
Approved, December 8, 1993.
h>
o
Chicago
H .2
DECEMBER 5, 1993
PAGE 4
TO
DECEMBER 10, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Comerica Incorporated, Detroit, Michigan, and
Comerica California Incorporated, San Jose,
California -- to acquire Pacific Western
Bancshares, Inc., and Pacific Western Bank.
Returned, December 6, 1993.
Dallas
Cross Plains Bankshares, Inc., Cross Plains, Texas to acquire Citizens State Bank.
Approved, December 10, 1993.
Secretary
First Commercial Corporation, Little Rock, Arkansas
- to acquire Clinton Bancshares, Inc., Clinton,
Arkansas, and Clinton State Bank.
Approved, December 10, 1993.
Chicago
First Community Bancshares, Inc., Bargersville,
Indiana -- to acquire First State Bank, Morgantown
Indiana.
Returned, December 7, 1993.
Philadelphia
First Fidelity Bancorporation, Lawrenceville, New
Jersey -- exemption from prohibition on conversion
transactions in connection with proposed
acquisition of Greenwich Financial Corporation,
Greenwich, Connecticut.
Granted, December 10, 1993.
Philadelphia
First Fidelity Bancorporation, Lawrenceville, New
Jersey -- to acquire Greenwich Financial
Corporation, Greenwich, Connecticut.
Approved, December 10, 1993.
Chicago
First Financial Corporation, Terre Haute, Indiana -to acquire First Marshall Bancshares, Inc.,
Marshall, Illinois, and First National Bank.
Approved, December 6, 1993.
Dallas
Lea County Bancshares, Inc., Hobbs, New Mexico - - t o
acquire Lea County State Bank.
Approved, December 10, 1993.
H. 2
DECEMBER 5, 1993
PAGE 5
TO
DECEMBER 10, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
St. Louis
M & P Community Bancshares, Inc., Newport, Arkansas - proposal that Merchants and Planters Bank acquire
certain assets and assume the deposit liabilities
of the McCroy, Arkansas, branch of Central Bank &
Trust, Little Rock, Arkansas.
Approved, December 10, 1993.
Minneapolis
Northwest Wisconsin Bancorp, Inc., Chippewa Falls,
Wisconsin -- to acquire BCB Bancorp, Inc., Bank of
Barron, Barron, Wisconsin, and Chetek State Bank,
Chetek, Wisconsin.
Approved, December 7, 1993.
Chicago
Peotone Bancorp, Inc., Peotone, Illinois -- to
acquire shares of Southwest Bancorp, Inc., Worth,
Illinois, and Worth Bank and Trust, Worth,
Illinois.
Approved, December 10, 1993.
Cleveland
Pikeville National Corporation, Pikeville, Kentucky - to engage de novo in trust company activities
through Trust Company of Kentucky, Ashland,
Kentucky.
Permitted, December 9, 1993.
Atlanta
Summit Bank Corporation, Atlanta, Georgia -- to
engage de novo in purchasing loans from The Summit
National Bank, Atlanta, Georgia.
Permitted, December 5, 1993.
Cleveland
Wesbanco, Inc., Wheeling, West Virginia -- to acquire
First Fidelity Bancorp, Inc., Fairmont, West
Virginia.
Approved, December 7, 1993.
BANK PREMISES
St. Louis
First Bank of Arkansas, Trumann, Arkansas -investment in bank premises.
Approved, December 10, 1993.
Cleveland
Navarre Deposit Bank Company, Navarre, Ohio -investment in bank premises.
Approved, December 9, 1993.
H.2
DECEMBER 5, 1993
PAGE 6
TO
DECEMBER 10, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANKS, FOREIGN
New York
Banco Santander, S.A., Santander, Spain -- to acquire
Greenwich Financial Corporation, Greenwich,
Connecticut, and thereby acquire Greenwich Federal
Savings and Loan Association.
Approved, December 10, 1993.
CHANGE IN BANK CONTROL
Richmond
Community Bancshares, Inc., Petersburg, Virginia -change in bank control.
Permitted, December 8, 1993.
Cleveland
First Citizens Banc Corp., Sandusky, Ohio -- change
in bank control.
Permitted, December 9, 1993.
Chicago
Liberty Bank, Milwaukee, Wisconsin -- change in bank
control.
Permitted, December 6, 1993.
San Francisco
Rio Salado Bancorp, Tempe, Arizona -- change in bank
control.
Permitted, December 9, 1993.
COMPETITIVE FACTORS REPORTS
Chicago
American National Bank and Trust Company of Waukegan,
Waukegan, Illinois, proposed merger with Gurnee
National Bank, Gurnee, Illinois -- report on
competitive factors.
Submitted, December 9, 1993.
Atlanta
Bank South, National Association, Atlanta, Georgia,
proposed merger with The Chattahooche Bank,
Marietta, Georgia -- report on competitive factors.
Submitted, December 6, 1993.
Atlanta
Bank South, National Association, Atlanta, Georgia,
proposed merger with The Merchant Bank of Atlanta,
-- report on competitive factors.
Submitted, December 6, 1993.
H.2
DECEMBER 5, 1993
PAGE 7
TO
DECEMBER 10, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Atlanta
Consumers Bancorp, Inc., Miami, Florida, proposed
acquisition of Consumers Savings Bank, and proposed
merger of Consumers Interim Savings Bank with
Consumers Savings Bank -- report on competitive
factors.
Submitted, December 6, 1993.
Richmond
Farmers Bank, West Point, Virginia, proposed merger
with C&F Bank -- report on competitive factors.
Submitted, December 9, 1993.
Atlanta
First American National Bank, Nashville, Tennessee -proposed acquisition of First Fidelity Savings
Bank, FSB, Crossville, Tennessee -- report on
competitive factors.
Submitted, December 6, 1993.
Kansas City
First Bank & Trust Co., Duncan, Oklahoma, proposed
acquisition of the assets and assumption of the
liabilities of Bank of Healdton, Healdton, Oklahoma
-- report on competitive factors.
Submitted, December 9, 1993.
San Francisco
First Hawaiian Bank, Honolulu, Hawaii, proposed
purchase of assets and assumption of liabilities of
the First Hawaiian Bank -- report on competitive
factors.
Submitted, December 8, 1993.
St. Louis
First National Bank of Eastern Arkansas, Forrest
City, Arkansas, proposed merger with WynBanc
Savings, A Federal Savings Bank, Wynne, Arkansas. - report on competitive factors.
Submitted, December 8, 1993.
Cleveland
First Western Bank, National Association, New Castle,
Pennsylvania, proposed purchase of certain assets
and assumption of certain liabilities of one branch
of The Century National Bank and Trust Company,
Rochester, Pennsylvania -- report on competitive
factors.
Submitted, December 6, 1993.
H.2
DECEMBER 5, 1993
PAGE 8
TO
DECEMBER 10, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Atlanta
FLAG Financial Corporation, LaGrange, Georgia,
proposed acquisition of First Federal Savings Bank
of LaGrange -- report on competitive factors.
Submitted, December 8, 1993.
St. Louis
Flora Bank and Trust, Flora, Illinois, proposed
merger with Flora State Bank -- report on
competitive factors.
Submitted, December 7, 1993.
S t . Louis
Magna Bank of Missouri, Brentwood, Missouri, proposed
merger with Mega Bank, St. Ann, Missouri -- report
on competitive factors.
Submitted, December 8, 1993.
Dallas
New Caldwell Bank, Caldwell, Texas, proposed merger
with Caldwell National Bank -- report on
competitive factors.
Submitted, December 8, 1993.
Dallas
New Sonora State Bank, Sonora, Texas, proposed merger
with First National Bank -- report on competitive
factors.
Submitted, December 8, 1993.
Philadelphia
PNC Bank, N.A., Pittsburgh, Pennsylvania, proposed
merger with First Eastern Bank, N.A., Wilkes-Barre,
Pennsylvania -- report on competitive factors.
Submitted, December 6, 1993.
EXTENSIONS OF TIME
Dallas
A.N.B. Holding Company, Ltd., Terrell, Texas -extension to March 8, 1994, to acquire American
National Bank of Terrell.
Granted, December 6, 1993.
San Francisco
BankAmerica Corporation, San Francisco, California -extensions to divest certain properties.
Granted, December 9, 1993.
Francisco>
San Franciscc
BankAmerica Corporation, San Francisco, California -extension to divest certain property.
Granted, December 10, 1993.
H.2
DECEMBER 5, 1993
PAGE 9
TO
DECEMBER 10, 1993
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
Minneapolis
Norwest Corporation, Minneapolis, Minnesota -extension to March 8, 1994, to acquire St. Cloud
National Bank & Trust Co., St. Cloud, Minnesota.
Granted, December 8, 1993.
Minneapolis
Norwest Corporation, Minneapolis, Minnesota
extension to March 8, 1994, to acquire the discount
brokerage business of St. Cloud National Bank &
Trust Co., St. Cloud, Minnesota.
Granted, December 8, 1993.
Secretary
Regulations H and Y -- extension of comment period on
rulemaking concerning real estate appraisals.
Denied, December 9, 1993.
Richmond
Triangle Bank and Trust Company, Raleigh, North
Carolina -- extension to December 31, 1993, to
merge with New East Bank of Goldsboro, Goldsboro;
New East Bank of Greenville, Greenville; New East
Bank of Cape Fear, Fayetteville; New East Bank of
the Albemarle, Elizabeth City; and New East Bank of
New Bern, New Bern, North Carolina.
Granted, December 9, 1993.
Cleveland
Navarre Deposit Bank Company, Navarre, Ohio -- to
become a member of the Federal Reserve System.
Approved, December 9, 1993.
Chicago
NBD Bank, Elkhart, Indiana -- membership in the
Federal Reserve System.
Withdrawn, December 6, 1993.
MEMBERSHIP
H.2
DECEMBER 5, 1993
PAGE 10
ADDITIONS AND CORRECTIONS
TO
DECEMBER 10, 1993
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
REGULATIONS AND POLICIES
Regulation B -- adoption of amendments to implement
changes to the Equal Credit Opportunity Act that
provide credit applicants the right to receive
copies of appraisal reports (Docket R-0782).
Approved, November 30, 1993.
FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Application
Comment Period Ending Date
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
Comment Period Ending Date
NONE
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
UNITEDCORP, Bangor, Maine
- 4 ( c ) (8) application
to engage in trust activities on
a joint venture basis through
the acquisition of 51% of the voting
stock of Trust Company of Maine, Inc.,
Bangor, Maine
Federal Register
Not Yet Established
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Institution
Examination Date
Rating*
NONE
^Rating Definitions:
"0" - Outstanding; "S" - Satisfactory; "N" Needs to Improve; "SN" - Substantial Noncompliance.
Federal Reserve Bank o f New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
__________ Notice Only__________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
HUBCO, Inc., Union City, New Jersey, to acquire the successor
by conversion to Statewide Savings Bank, SLA, Jersey City,
New Jersey and for that entity to merge with and into HUBCO's
bank subsidiary, Hudson United Bank, Union City, New Jersey.1/
Notice of Change in Bank Control by T R Financial Corp.
Employee Stock Ownership Trust, Garden City, New York to
acquire up to an additional 5.0 percent of the outstanding
voting shares of T R Financial Corp., Garden City, New York
("TRFC") and thereby increase its holdings from 9.52 percent
to 14.52 percent of TRFC's shares.
1/3/94 3/
12/28/93 3/
Notice of Change in Bank Control by Alfred Teo and Annie Teo,
both of Kinnelon, New Jersey; Alpha Industries, Inc., Sigma
Extruding Corp., Omega Plastic Corp., all of Lyndhurst, New
Jersey; Omega Extruding Corp. of California, Rancho Cucamonga,
California; Beta Plastics Corp., Carlstadt, New Jersey; Lambda
Financial Service Corp., Lyndhurst, New Jersey; and Alpha
Technologies, Inc., Piscataway, New Jersey; (together
"Notificant") to acquire an additional 5.36 percent of the
outstanding voting shares of Citizens First Bancorp, Inc.,
Glen Rock, New Jersey ("Bancorp”) and thereby raise
Notificant's holdings from 9.64 percent to 15.00 percent
of Bancorp's shares.
12/28/93 3/
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
None.
SECTION IV
Applications Not Involving
______Public Comment______
None.
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 and
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighbor
hoods, in a manner consistent with its resources and capabilities.
Week Ending December 11,
1993
NAME OF BANK
RATING
EXAMINATION DATE
United States Trust
Company of New York
114 West 47th Street
New York, NY 10036
Outstanding
May 17, 1993
Gotham Bank of New York
1412 Broadway
New York, NY 10018
Satisfactory
August 18, 1993
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
FED ER A L
R ES ER V E
BANK
OF
PHILADELPHIA
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.
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.
1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.
FEDERAL RESERVE BANK OF PHILADELPHIA
SECTION V - AVAILABILITY OF CRA PUBLIC EVAI/tr ""IONS
The following institutions were examined for CRA. The 30-business day period the bank
has to make ~ne evaluation public has lapsed during the week ending December 10, 1993
Identification of Ratings
In connection with the assessment of each insured depository
performance, a rating is assigned from the following groups:
institution's
CRA
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities•
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Bank/Location
The Madison Bank
1767 Sentry park West
Blue Bell, PA
19422
Examination Date
7/19/93
CRA Rating
Satisf
tory
Federal Reserve Bank of Cleveland
A p plications B u l l e t i n
For W e e k E n ding Dece m b e r 11,
1993
S ECTION I - APPLIC A T I O N S S UBJECT TO N E W S P A P E R
N O T I C E ONL Y
Received Section 18(c) application from Premier * Not Yet Known #
Bank & Trust, Elyria, Ohio, on December 6, 1993,
to merge with the Worthington, Ohio, branch office
of Jefferson Savings Bank, Dublin, Ohio, and
thereby establish a a branch facility.
Received OAKAR application from CoBancorp,
Inc., Elyria, Ohio, on December 6, 1993, to
acquire the Worthington, Ohio, branch office
of Jefferson Savings Bank, Dublin, Ohio, and
merge it into its subsidiary, Premier
Bank & Trust, Elyria, Ohio.
* Not Yet Known #
* January 1, 1994
Received prior notice from The Ohio Bank,
Findlay, Ohio, on November 22, 1993, of its
intent to establish a branch facility at 98 North
Main Street, Chagrin Falls, Ohio.
S E C T I O N II - A P P L I C A T I O N S S UBJECT TO B OTH
N E W S P A P E R A N D FEDERAL R E G I S T E R N O T I C E
Received Section 3(a))(1) application from
Josephine Bancshares, Inc., Prestonburg,
Kentucky, on December 2, 1993, to acquire The
Bank Josephine, Prestonburg, Kentucky.
*
N
F
#
-
* January 6, 1994
Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from date of
application's receipt.
Applications Bulletin
For W e e k E n d i n g D e c e m b e r 11,
1993
SE C T I O N III - A P P L I C A T I O N S S U BJECT TO F E D E R A L R E G I S T E R
NOTICE ONLY
Received Section 4 ( c ) (8) application from
January 5, 1993
National City Corporation, Cleveland, Ohio, on
November 10, 1993, for prior approval to engage
in investment and financial advice, underwriting
and dealing in government obligations and money
market instruments, investment in securities
limited to 5 percent or less of o/s voting shares
of any company, and private placements as agent
through a subsidiary known as National City
Investments Corporation.
SE C T I O N IV - A P P L I C A T I O N S N O T SUBJECT TO FE D E R A L R E G I S T E R NO T I C E
OR N E W S P A P E R N O T I C E
Received
request
from
Somerset
Trust
Company,
Somerset,
Pennsylvania, on December 9, 1993, for permssion to exceed its
limit of investment in bank premises permitted under Section 24A of
the Federal Reserve Act.*
*
N
F
#
-
Subject to CRA
Newspaper Comment Period
Federal Register Comment Period
Expected to end approximately 30 days from date of
application's receipt.
AVAILABILITY OF CRA PUBLIC EVALUATIONS
(December 10, 1993)
The following state member banks have been examined by the
Federal Reserve Bank of Cleveland for compliance with The Community
Reinvestment Act. A public evaluation document became available
from the bank(s) listed below during the week ended December 10,
1993.
If you are interested in obtaining a copy of an evaluation
document, please contact the bank(s) directly.
There are four descriptive ratings for CRA:
OUTSTANDING:
a bank in this group has an outstanding record
of, and is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
SATISFACTORY: a bank in this group has a satisfactory record
of ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
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 low- and moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.
SUBSTANTIAL NON COMPLIANCE:
a bank in this group has a
substantially deficient record of ascertaining and helping to meet
the credit needs of its entire delineated community, including lowand moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
NONE
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
Crestar Bank, Richmond, Virginia, to
establish a branch at the Ironbridge
Plaza Shopping Center at State Route 10
and Chalkley Road, Chester, Virginia.'*
1-2-94
Crestar Bank, Richmond, Virginia, to
establish a branch at the Graves Mill
Center Shopping Center at U. S. Route 221
and Graves Mill Road, Forest, Virginia.*
1-2-94
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Notice of Change in Control filed by
R. B. Scarborough with respect to Pee
Dee Bancshares, Inc., Timmonsville,
South Carolina.
Not yet available.
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
F&M Bank Corp., Timberville, Virginia,
to engage in community development
activities.
12-29-93**
Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
Application
Comment Period Ending Date
NationsBank Corporation, Charlotte,
North Carolina, to increase its invest
ment in Nations-CRT International.
*Application is subject to CRA requirements.
**Expiration of comment period specified in the Federal Register.
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending December 10, 1993
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____
F & M Bank-Martinsburg
131 S. Queen Street
Martinsburg, West Virginia
25401
9-20-93
Rating
Satisfactory
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending December 10, 1993
Section 1 - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
First American Corporation
Nashville, Tennessee
To acquire the assets and assume the
liabilities of First Fidelity Savings Bank,
FSB, Crossville, Tennessee, pursuant to
Section 5 ( d ) (3) of the Federal Deposit
Insurance Act, as amended by the Federal
Deposit Insurance Corporation Improvement
Act of 1991.
12-30-93*
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Bradford Bankshares, Inc.
Not yet available*
Starke, Florida
To merge with CNB, Inc., Lake City, Florida,
and thereby directly acquire CNB National Bank,
Lake City, Florida, pursuant to Section 3 ( a ) (5)
of the Bank Holding Company A c t .
FF Bancorp, Inc.
Not yet available*
New Smyrna Beach, Florida
1-BHC formation, Key Bancshares, Inc., Tampa,
Florida, and thereby acquire Key Bank of Florida,
Tampa, Florida.
Section 3 - Applications Subject to Federal Register Only
Application
Comment Period Ending Date
Southeast Switch
Maitland, Florida
To acquire certain assets of South Carolina
National Bank, Charleston, South Carolina,
a wholly-owned subsidiary of Wachovia
Corporation, Winston-Salem, North Carolina,
pursuant to Section 4 ( c ) (8) of the Bank
Holding Company Act and 225.25(b)(11) and (7)
of Regulation Y.
12-27-93
*Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending December 10. 1993
Section 3 - Applications Subject to Federal Register Only-
Application
Comment Period Ending Date
SunTrust Banks, Inc.
Not yet available
Atlanta, Georgia
To engage in investment services activities
permissible under Section 225 25(b)(4)(ii),
(iii), (iv), (vi) and (b)(17) of Regulation Y,
by acquiring Trusco Capital Management, Inc.,
Atlanta, Georgia, pursuant to Section 4 ( c ) (8)
of the Bank Holding company A c t .
First American Corporation
Nashville, Tennessee
To acquire Fidelity Crossville Corp.,
Crossville, Tennessee, pursuant to Section
4( c ) (8) of the Bank Holding Company Act.
Not yet available
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
BOL Bancshares, Inc.
New Orleans, Louisiana
Commitment waiver request.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending December 10. 1993
Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions
listed below became available during this week.
Information about
an institution's CRA evaluation may be obtained directly from the
institution. In connection with the assessment of an institution's
CRA performance, a rating is assigned from the following groups:
Outstanding record
of meeting community
credit
needs :
An
institution has an
outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit
needs:
An
institution has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community,
including low- and
moderate-income neighborhoods,in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs:
An
institution needs to improve its overall record of ascertaining and
helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs:
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Examination
Bank
None.
Rating
Date
Federal Reserve Bank of Chicago
Section I
- Applications Subject
Notice Only
Tw e
Application
Oakar
R e p u b l i c B a n c o r p Co.
O r l a n d Park, I l l i n o i s
F i r s t C o o k C o m m u n i t y Bank,
Chicago, I llinois*
to N e w s p a p e r
Comment Period
Ending Date
N
11-20-93
FSB
EFT
A m e r i c a n Trust & Savings Bank
Dubuque, Iowa
Wal-Mart, 4200 D o d g e Street
Dubuque, Iowa*
N
- 12-8-93
B r a n c h / 2 4A
N e w Asia Bank
Chicago, I l l i n o i s
8301 C a s s A v e n u e
Darien, Illinois*
N
- **
EFT
Security State Bank
Hartley, Iowa
10 3 r d S t r e e t N.W.
Hartley, Iowa*
N
- **
Branci i/24A
The N o r t h e r n Trust Comp a n y
Chicago, I l l i n o i s
579 Central Street
H i g h l a n d Park, I l l i n o i s *
N
- **
Branch
Community State Bank
Avilla, Indiana
4134 W CR 100 S
W o l f Lake, I n d i a n a *
N
- **
Federal Reserve Bank of Chicago
S e c t i o n II
Type
- A p p l i c a t i o n s S u b j e c t to B o t h N e w s p a p e r a n d F e d e r a l
Register Notice
Comment Period
Application
E n d i n g Date
Y-l
E a s t S i d e Fina n c i a l , Inc.
Chicago, I l l i n o i s
E a s t S i d e .Savings Bank
Chicago, I l l i n o i s *
FR
N
- 11-19-93
- 12-17-93
CoC-HC
W a b e n o B a n c o r p o r a t i o n , Inc.
Venice, F l o r i d a
V e r l e B u r g a s o n & Jo A n n B u r g a s o n
FR
N
- **
- **
FR
N
- **
- **
FR
N
- **
- 11-20-93
CoC-HC
Wabeno Bancorporation,
Venice, F l o r i d a
Connie Ry a n Trust
Inc.
Y-l
R e p u b l i c B a n c o r p Co.
O r l a n d Park, I l l i n o i s
M A H Banco r p , Inc.
O r l a n d Park, I l l i n o i s
R e p u b l i c B a n k o f Chicago
Chicago, I l l i n o i s
A P L F i n a n c i a l , Inc.
Chicago, I l l i n o i s
F i r s t C o o k C o m m u n i t y Bank,
Chicago, I l l i n o i s *
FSB
Y-2
G o r e - B r o n s o n Bancorp, Inc.
P r o s p e c t Height, I l l i n o i s
W a t e r T o w e r Bancorp, Inc.
Chicago, I l l i n o i s
Water Tower Bank
Chicago, I l l i n o i s *
FR
N
- 11-26-93
- 12-3-93
Y-2
Comerica California Incorporated
S a n Jose, C a l i f o r n i a
P a c i f i c Western Bancshares, Inc.
S a n Jose, C a l i f o r n i a
Pacific Western Bank
S a n Jose, C a l i f o r n i a *
FR
N
- 11-29-93
1-4-94
Y-2
C o m e r i c a Incor p o r a t e d ,
Detroit, Michigan
P a c i f i c W e s t e r n Bancshares,
Saur Jose, C a l i f o r n i a
P a c i f i c Western Bank
S a n Jose, C a l i f o r n i a *
FR
N
11-29-93
1-4-94
Inc. - - (100%)
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date
Tvve
Application
Y-2
C o m e r i c a Inc o r p o r a t e d
Detroit, Michigan
P a c i f i c Western Bancshares,
S a n Jose, California
P a c i f i c Western B ank
S a n Jose, California*
FR
N
- 12-29-93
1-4-94
- 12-2-93
- 12-20-93
I n c . - - (19.9%)
Y-l
H asten Bancshares
I n d i a n a p o l i s , Indiana
H asten Bancorp
I n d i a n a p o l i s , Indiana
F i r s t Nationa l Bank
K o k o m o , Indiana
S u l l i v a n - P e o p l e s State B a n k
Far m e r s b u r g , Indiana
F i r s t B a n k & Trust Co. o f C l a y C o u n t y
B r a zil, Indiana
H a s t e n Financial Services, Inc.
I n d i a n a p o l i s , Indiana*
FR
N
Y-l
L e R o y C. Darby, Inc. E m p l o y e e S t o c k
O w n e r s h i p Plan
M o n o n a , Iowa
L e R o y C. Darby, Inc.
M o n o n a , Iowa
U n i o n State B ank
M o n o n a , Iowa
P e o p l e s St a t e Bank
E l k a d e r , Iowa*
FR
N
- 12-2-93
- 11-17-93
Y-l
B a n c o r p , of N e w Glarus,
Inc.
N e w Glarus, Wisconsin
T h e B a n k of N e w Glar u s
N e w Glarus, Wisconsin*
FR
N
- 12-13-93
- 11-8-93
Y-2
L i n c o l n l a n d Bancshares,
Casey, I l l i n o i s
W e s t f i e l d State B ank
W e stfield, Illinois*
Inc.
FR
N
- 12-16-93
- 12-4-93
Y-l
R u d o l p h Bancshares, Inc.
R u d o l p h , Wisco n s i n
Farmers and Merchants Bank
R u d o l p h , Wisconsin*
FR
N
-12-23-93
- **
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
E n d i n g Date
Tyne
Application
Y-2
F & M B a n c o r p o r a t i o n , Inc.
Kaukauna, Wisconsin
P u l a s k i Ban c s h a r e s , Inc.
Pulaski, W i s c o n s i n
Pulaski State Bank
P u l a s k i , Wi s c o n s i n *
FR
N
- 12-23-93
- 12-20-93
Y-2
F & M Me r g e r Corporation
Kauka u n a , W i s c o n s i n
P u l a s k i Banc s h a r e s , Inc.
Pulaski, W i s c o n s i n
Pulaski State Bank
Pulaski, W i s c o n s i n *
FR
N
- 12-2 3 - 9 3
- 12-20-93
Y-2
ANB Corporation
M u ncie, I n d i a n a
Winchester Bancorporation
Winchester, Indiana
P e o p l e s L o a n a n d Trust B a n k
Winchester, Indiana*
FR
N
- 11-12-93
- 12-16-93
Y-2
F i r s t C o m m u n i t y Bancshares,
Bargersville, Indiana
First State Bank
M organ town, Indiana *
FR
N
- ★★
CoC-HC
CoC-HC
Y-2
Inc.
- 12-27-93
G N Bancorp, Inc.
Chicago, I l l i n o i s
Ronald Howard Muck
FR
N
- 12-27-93
P e o t o n e Bancorp, Inc.
Peotone, I l l i n o i s
C r a i g L. C a m p b e l l ; D o u g l a s L.
a n d S c o t t L. Campbell
FR
N
_ **
_ **
FR
N
_ **
- **
C e n t r a l B a n c s h a r e s , Inc.
Muscatine, Iowa
FSB Holding Company
Kalona, I o w a
Farmers State Bank
Kalona, I o w a
West C h e ster Savings Bank
W e s t Chester, Iowa*
- 12-20-93
Campbell
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
G r e a t e r Colum b i a Bancshares, Inc.
P o r t a g e , W i s consin
1 s t C o l u m b i a Corp.
P o r t a g e , Wisconsin
F i r s t N a t i o n a l Ba n k o f C o l u m b u s
C o l u m b u s , Wisconsin*
FR
N
- 10-22-93
1-6-94
Y-2
F i r s t Pa r k Ridge Corporation
Chica g o , Ill i n o i s
S t a n f o r d State B ank
M o r t o n Grove, Illin o i s (to b e r e n a m e d
F i r s t State B a n k of G u r n e e
Gurnee, I l l i n o i s ) *
FR
N
- 11-19-93
- 11-15-93
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
Marshall & Ilsley Corporation
Milwaukee, Wisconsin
Valley Bancorporation
Milwaukee, Wisconsin
Valley Bank
L a C r o sse, W i s c o n s i n
Valley Bank
Madison, Wisconsin
Valley Bank Chippewa
Menomonie, Wisconsin
V a l l e y B a n k East Central
Kewaskum, Wisconsin
Valley Bank Janesville
Janesville, Wisconsin
Valley Bank Milwaukee
Thiensville, Wisconsin
V a l l e y Bank, N a t i o n a l A s s o c i a t i o n
Watertown, Wisconsin
Valley Bank Northeast
Green B a y Wisconsin
Valley Bank of Oshkosh
Oshkosh, Wisconsin
Valley Bank of Shawano
Shawano, Wisconsin
Valley Bank Southwest
S p r i n g Green, W i s c o n s i n
V a l l e y B a n k Western, F S B
Sparta, W i s c o n s i n
Valley First National Bank
Rhinelander, Wisconsin
Valley First National Bank of Ripon
Ripon, W i s c o n s i n
V a l l e y U n i t e d Bank, S S B
Sheboygan, Wisconsin
Valley Western Bank
Appleton, Wisconsin
Pierce Coun t y Bank and Trust C o mpany
Ellsworth, Wisconsin*
FR
N
- **
- **
Y-2
First Waukegan Corporation
Gurnee, I l l i n o i s
S e c u r i t y C h i c a g o Corp.
Chicago, Illinois
First Security Bank of Chicago
Chicago, Illinois*
FR
**
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Tvne
Application
Y-2
First Waukegan Corporation
Gurnee, I l l i n o i s
F i r s t St a t e B a n c o r p o f Pr i n c e t o n ,
Illinois, Inc.
Princeton, Illinois
F i r s t State Bank of P r inceton
Prin c e t o n , Il l i n o i s
F i r s t St a t e B a n k of A s h t o n - R o c h e l l e
Ashton, Illinois
F i r s t State B a n k of G r i d l e y
Gridley, I l l inois*
Comment Period
Ending Date
FR
N
- **
- **
Federal Reserve Bank of Chicago
Section III
- A p p l i c a t i o n s S u b j e c t to F e d e r a l R e g i s t e r
Notice Only
Type
Application
Y-4
Hasten Bancshares
Indianapolis, Indiana
H a s t e n F i n a n c i a l Services,
Indianapolis, Indiana
Comment Period
E n d i n g Date
FR
- 12-2-93
FR
- 12-2-93
Inc.
4 (C) (8)
E d g e m a r k F i n a n c i a l CorporationChicago, I l l i n o i s
E d g e m a r k F i n a n c i a l Services, Inc.
C o u n t ryside, I l l i n o i s
Y-4
Northern Trust Corporation
FR
Chicago, I l l i n o i s
N o r t h e r n Futures Corporation
Chicago, I l l i n o i s -- e x e c u t i n g
a n d c l e a r i n g o f c e r tain n o n f i n a n c i a l
c o m m o d i t y f u t u r e s an d o p t i o n s o f t he I n d e x
a n d O p t i o n D i v i s i o n o f the C h i c a g o
M e r c a n t i l e E x c h a n g e a n d the C h i c a g o
B O T a n d N e w Yo r k M e r c a n t i l e E x c h a n g e
- 12-21-93
4 (C) (8)
F i r s t M i d w e s t Bancorp, Inc.
Naperville, Illinois
F i r s t M i d w e s t Mortgage, Inc.
Joliet, I l l i n o i s
FR
- 12-13-93
Y-4
Hawkeye Bancorporation
D e s Moines, I o w a
C e n t r e P o i n t e L e a s i n g Co.,
W e s t D e s Moines, Iowa
FR
- 12-17-93
Inc.
4 (c) (8)
W e l d o n B a n c s h a r e s , Inc.
Weldon, I l l i n o i s
W e l d o n I n s u r a n c e S ervice
Weldon, I o w a
FR
- 12-13-93
Y-4
Old Kent Financial C o l o r a t i o n
G r a n d R a p i d s , M i chi gan
C D C - - G r a n d R a p i d s Hope L i m i t e d
Partnership II
G r a n d Rapids, M i c h i g a n - -invest i n l o w
income transitional hous i n g p r o j e c t f o r
women and children
FR
- 12-27-93
Y-4
I o w a N a t i o n a l B a n k s h a r e s Corp.
Waterloo, I o w a
MidAmerica Financial Corporation
Waterloo, I owa
M i d A m e r i c a S a v i n g s Bank, F S B
Waterloo, I o w a
FR
N
12-30-93
12-26 - 9 3
Federal Reserve Bank of Chicago
Section III
- A p p l i c a t i o n s S u b j e c t to F e d e r a l R e g i s t e r
Notice Only
(Continued)
Comment Period
Endincr D a t e
Tym
Application
4(c) (8)
F B O P Corporation
FR
O a k Park, Ill i n o i s
E n g a g e de n o v o in the a c q u i s i t i o n o f l o a n s
f r o m it s i n s u r e d s u b s i d i a r i e s
- **
Y-4
R e p u b l i c B a n c o r p Co. (a D e l a w a r e
Corpor a t i o n )
O r l a n d Park, I l linois
A P L Financial, Inc.
Chicago, I l l i n o i s
F i r s t Cook C o m m u n i t y Bank, F S B
Chicago, I l l i n o i s
FR
- **
Y-4
R e p u b l i c B a n c o r p Co. (an I l l i n o i s
C o r poration)
O r l a n d Park, Ill i n o i s
A P L Financial, Inc.
Chicago, I l l i n o i s
F i r s t Cook C o m m u n i t y Bank, F S B
Chicago, I l l i n o i s
FR
- **
4 (C) (8)
F i r s t b a n k of Illin o i s Co.
S p r i n g f i e l d , I llinois
Rowe, H e n r y & Deal, Inc.
J a c k s o n v i l i e , 1 1 1 i n o i s - -e n g a g e i n
securities brokerage services
FR
- **
Y-4
Marshall & Ilsley Corporation
Milwaukee, Wisconsin
V a l l e y Trust C o m p a n y
A p p l e t o n , W i s consin
FR
- **
Y-4
Marshall & Ilsley Corporation
M i l w a u k e e , Wi s c o n s i n
Community Life Insurance Company
Phoenix, A r i z o n a
FR
- **
Y-4
Marshall & Ilsley Corporation
M i l w a u k e e , Wi s c o n s i n
V alley Bankservice Corporation
Sheboygan, Wis c o n s i n
FR
- **
Y-4
Marshall & Ilsley Corporation
M i l w a u k e e , W i s consin
V a l l e y Real E s t a t e S e r v i c e s C o r p o r a t i o n
Sheboygan, W i s c o n s i n
FR
**
Federal Reserve Bank of Chicago
Section III
- A p p l i c a t i o n s S u b j e c t to F e d e r a l R e g i s t e r
Notice Only
(Continued)
Type
A pplication
4( c ) (8)
Firstar Corporation
Milwaukee, Wisconsin
Firstar Home Mortgage Corporation
M i l w a u k e e , W i s c o n s i n - -engage d e n o v o i n
d a t a p r o c e s s i n g & data t r a n s m i s s i o n s
s e r v i c e s f a c i l i t i e s & data b a s e s to
r e a l tors
Comment Period
Endincr D a t e
FR
- **
Federal Reserve Bank of Chicago
Section I V
- A p p l i c a t i o n s N o t S u b j e c t to F e d e r a l R e g i s t e r o r N e w s p a p e r
Notice
T yp e
Application
RoS
G r e a t b a n c , Inc.
Aurora, Illinois
R e p u r c h a s e the m a j o r i t y o f C l a s s D c o m m o n s t o c k
N
FR
*
**
-
Newspaper
Federal Register
S u b j e c t to P r o v i s i o n s o f C o m m u n i t y R e i n v e s t m e n t A c t
N o t a v a i l a b l e a t this time
A V A I L A B I L I T Y O F CRA P U B L I C E V A L U A T I O N S
T h e following- s t a t e m e m b e r b a n k s h a v e b e e n e x a m i n e d b y the F e d e r a l R e s e r v e
B a n k o f C h i c a g o f o r c o m p l i a n c e wi t h the CRA. Th e 3 0 - b u s i n e s s d a y p e r i o d the
b a n k h a s to m a k e the e v a l u a t i o n p u b l i c h a s l a p s e d d u r i n g the w e e k e n d i n g
D e c e m b e r 10, 1993.
I f y o u a r e i n t e r e s t e d i n o b t a i n i n g a c o p y o f the
e v a l u a t i o n d ocument, p l e a s e c o n t a c t the bank(s) d i r e c t l y .
IDENTIFICATION OF RATINGS
O-
A n i n s t i t u t i o n in this g r o u p h a s a n o u t s t a n d i n g r e c o r d of, a n d is a
l e a d e r in, a s c e r t a i n i n g a n d h e l p i n g to m e e t the c r e d i t n e e d s o f its
entire
delineated
community,
including
lo w and
m o d e r a t e -income
neighborhoods,
in
a
manner
consistent
with
its
resources
an d
capabilities.
S-
A n i n s t i t u t i o n i n this g r o u p h a s a s a t i s f a c t o r y r e c o r d o f a s c e r t a i n i n g
a n d h e l p i n g to m e e t the c r e d i t n e e d s o f its e n t i r e d e l i n e a t e d community,
i n c l u d i n g low- a n d m o d e r a t e -i n c o m e n e i g h b o r h o o d s , i n a m a n n e r consis t e n t
w i t h i t s r e s o u r c e s a n d capabilities.
NI-
A n i n s t i t u t i o n in this g r o u p n e e d s to i m p r o v e i t s o v e r a l l r e c o r d of
a s c e r t a i n i n g a n d h e l p i n g to m e e t the c r e d i t n e e d s
o f its entire
d e l i n e a t e d community, i n c l u d i n g low- a n d m o d e r a t e -i n c o m e n e i g h b o r h o o d s ,
i n a m a n n e r c o n s i s t e n t w i t h its r e s o u r c e s a n d c a p a b i l i t i e s .
SN-
A n i n s t i t u t i o n i n this g r o u p h a s a s u b s t a n t i a l l y d e f i c i e n t r e c o r d of
a s c e r t a i n i n g a n d h e l p i n g to m e e t
the c r e d i t n e e d s o f i ts entire
d e l i n e a t e d community, i n c l u d i n g low- euid m o d e r a t e -i n c o m e n e i g h b o r h o o d s ,
i n a m a n n e r c o n s i s t e n t w i t h its r e s o u r c e s a n d c a p a b i l i t i e s .
B A N K NAME/LOCATION
EXAMINATION DATE
RATINGS
-Titonka Savings Bank
1115 Main Street North
B o x 30 9
Titonka, Iowa
50480-0309
15-928-2142
8/30/93
S
-The R i p l e y County Bank
420 South Buckeye Street
B o x 176
Osgood,Indiana
47037
8/30/93
S
-Shelby C o u n t y State Bank
1 3 0 South M o r gan, B o x 530
Shelbyville, Illinois
62565
217-774-3911
9/14/93
S
-Chemical B ank Michigan
8 0 7 M c E w a n Street, B o x 710
Clare, M i c h i g a n
48617
517-386-3411
8/23/93
0
AVAILABILITY OF CRA PUBLIC EVALUATIONS
(CONTINUED)
The f o l l o w i n g s t a t e m e m b e r b a n k s h a v e b e e n e x a m i n e d b y the F e d e r a l R e s e r v e
B a n k o f C h i c a g o f o r c o m p l i a n c e w i t h the CRA. The 3 0 - b u s i n e s s d a y p e r i o d the
b a n k h a s to m a k e the e v a l u a t i o n p u b l i c h a s l a p s e d d u r i n g the w e e k e n d i n g
D e c e m b e r 10, 1993.
I f y o u a r e i n t e r e s t e d i n o b t a i n i n g a c o p y o f the
e v a l u a t i o n d o c u m e n t , p l e a s e c o n tact the bank(s) di r e c t l y .
IDENTIFICATION OF RATINGS
0-
A n i n s t i t u t i o n i n this g r o u p h a s a n o u t s t a n d i n g r e c o r d of, a n d i s a
l e a d e r in, a s c e r t a i n i n g a n d h e l p i n g to m e e t the c r e d i t n e e d s o f i t s
entire
delineated
community,
including
lowand
m o d e r a t e -i n c o m e
neighborhoods,
in
a
manner
consistent
with
its
resources
and
capabilities.
S-
A n i n s t i t u t i o n i n this g r o u p ha s a s a t i s f a c t o r y r e c o r d o f a s c e r t a i n i n g
a n d h e l p i n g to m e e t the c redit n e e d s o f i t s e n t i r e d e l i n e a t e d c o m m u n i t y ,
i n c l u d i n g l o w - a n d m o d e r a t e -i n c o m e n e i g h b o r h o o d s , i n a m a n n e r c o n s i s t e n t
w i t h i t s r e s o u r c e s a n d capabilities.
NI-
A n i n s t i t u t i o n i n this g r o u p n e e d s to i m p r o v e i t s o v e r a l l r e c o r d o f
a s c e r t a i n i n g a n d h e l p i n g to m e e t
the c r e d i t n e e d s o f i t s
entire
d e l i n e a t e d comm u n i t y , i n c l u d i n g low- a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s ,
i n a m a n n e r c o n s i s t e n t w i t h its r e s o u r c e s a n d c a p a b i l i t i e s .
SN-
A n i n s t i t u t i o n i n this g r o u p h a s a s u b s t a n t i a l l y d e f i c i e n t r e c o r d o f
a s c e r t a i n i n g a n d h e l p i n g to m e e t
the c r e d i t n e e d s o f i t s
entire
d e l i n e a t e d commu n i t y , i n c l u d i n g low- a n d m o d e r a t e - i n c o m e n e i g h b o r h o o d s ,
i n a m a n n e r c o n s i s t e n t w i t h its r e s o u r c e s a n d c a p a b i l i t i e s .
BANK NAME/LOCATION
-Calumet C o u n t y B a n k
103 N. M a i n , B o x 39
Brillion, W i s c o n s i n
515-554-5321
EXAMINATION DATE
RATINGS
54110
8/30/93
S
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING DECEMBER 10, 1993
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application
End of Comment Period
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
End of Comment Period
* Section 3(a)(1) application by First Carroll
Bancshares, Inc., Berryville, Arkansas, to
acquire First National Bank of Berryville,
Berryville, Arkansas.
Newspaper:
1-1-94
* Section 3(a)(1) application by First Brownstown
Bancorp, Inc., Brownstown, Illinois, to acquire
First National Bank of Brownstown, Brownstown,
Illinois.
Newspaper:
1-4-94
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
Section 24A application by Arkansas Bank &
Trust Company, Hot Springs, Arkansas, for an
investment in bank premises.
*This application is subject to CRA,
End of Comment Period
N/A*
F E D E R A L R E S E R V E B A N K O F ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs of its entire delineated community, including low - and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record o f meeting community credit needs
An institution in this group has a satisfactory record 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 o f meeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including tow- 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.
FOR THE WEEK ENDING
Name of Bank
December 10, 1993
Bank Address
Examination
Date
Bank of Cairo
and Moberly
P. 0. Box 547
Moberly, Missouri
65270
United Missouri
Bank Northeast
P. 0. Box 8
Monroe City, Mo.
63456
Examination
Rating
9-07-93
Satisfactory
9-07-93
Outstanding
FED ER A L RESERVE BANK OF M IN N EAPO LIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Endina Date
Application
None.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period
Endincr Date
John Baer and Homer Baer, III, to acquire
control of 55.50% and 44.50%, respectively, of
Security State Bancshares of Bemidji, Inc.
Bemidj i , MN
Not yet available
Finlayson Bancshares, Inc.
Finlayson, MN
To acquire 14.10% of First Integrity
Bancorporation, Inc., Staples, MN
Not yet available
First Integrity Bancorporation, Inc.
Staples, MN
To acquire 100% of the voting shares of
Barrett Bancorporation, Inc.
Barrett, MN
Not yet available
Community First Bankshares, Inc.
Fargo, ND
To acquire 98.83% of the voting
shares of the Bank of Spooner,
Spooner, WI*
Not yet available
Northwest Equity Corp.
Amery, WI
To acquire 100% of the voting shares of
Northwest Savings Bank
Amery, WI*
Not yet available
*Subject to CRA
FEDERAL RESERVE BANK OF M INNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date
Application
Northwest Equity Corp.
Amery, WI
To engage de novo in making and
servicing loans.
Not yet available
Zappco, Inc.
St. Cloud, MN
To engage de novo in management
consulting to depository institu
tions .
Not yet available
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Security State Bancshares of Bemidji, Inc.
Bemidj i , MN
To redeem 33.5% of its outstanding voting
common stock.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending December 10, 1993
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of,
and is a leader in, ascertaining and helping to meet the
credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its
resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low-and
moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
B A N K (S ) EXAMINED
None.
DATE OF EXAMINATION
CRA RATING
Federal Reserve Bank of Kansas City
S ECTION 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
SBT Bankshares, Inc., Colorado
Springs, Colorado, for prior approval
to become a bank holding companythrough the acquisition of 100
percent of the voting shares of State
Bank and Trust of Colorado Springs,
Colorado Springs, Colorado.*
Not Available
Southeast Bancshares, Inc., Chanute,
Kansas, for prior approval to become
a bank holding company through the
acquisition of 100 percent of the
voting shares of Chetopa State
Bancshares, Inc., Chetopa, Kansas,
Erie Bankshares, Inc., Erie, Kansas,
First Neodesha Bancshares, Inc.,
Neodesha, Kansas, Neosho County
Bancshares, Inc., Chanute, Kansas,
Stark Bankshares, Inc., Stark,
Kansas, and Thayer Bancshares, Inc .,
Thayer, Kansas.
Not Available
Fourth Financial Corporation,
Wichita, Kansas, for prior approval
to merge with Great Southern Bancorp,
Inc., Springfield, Missouri.*
Not Available
S ECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER N O T I C E
ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
None.
S E C T I O N IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER N O T I C E
OR NEWSPAPER NOTICE
APPLICATION
None.
Federal Reserve Bank of Kansas City
S E CTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs
An institution in this group has an outstanding record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Bank/Location
Exam Date
CRA Public
Date
Pitkin County Bank & Trust
P.0. Box 3677
Aspen, Colorado 81612
08-30-93
12-06-93
♦Application is subject to CRA.
CRA
Rating
Satisfactory
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF December 6, 1993
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
** NOTICE EXP
APPLICATION
Change in Control Notice by
E. Bradley Schults and Margie Schultz, Booker, TX, to
acquire an interest in Follett Bancshares, Inc.,
Follett, TX (to be owned jointly)
(Previously reported during the week of 10-25-93)
93/12/09
Change in Control Notice by
Catherine Finn ("Trustee"), Dallas, TX, and Shannon
Wood ("Trustee"), Refugio, TX, to acquire an interest
in Howland Bancshares, Inc., Robstown, TX
N/A
^Section 3(a)(1) application by
Union State Bancshares, Inc., Killeen, TX, to acquire
Union State Bank, Florence, TX
93/12/31
*Section 3(a)(3) application by
Kermit State Bancshares, Inc., Kermit, TX, to acquire
Bank of the West, N.A., Odessa, TX
93/12/19
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 DECEMBER 6, 1993
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Bank
Date of
Examination
CRA Rating
Bank of Troy
Center St. & 135
P. 0. Box 427
Troy, Texas 76579
93/08/30
Satisfactory
Park Central Bank of Dallas
12222 Merit Dr., Ste. 100
P. 0. Box 515529
Dallas, Texas 75251-5529
93/08/30
Satisfactory
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 12/10/93
Section I - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
West One Bank, Utah, Salt Lake City,
Utahy to establish a branch office at
1283 Deer Valley Drive, Park City, Utah. *
Newspaper:
01/01/94
West One Bank, Utah, Salt Lake City,
Utah, to establish an ATM consumer funds
transfer facility at Sundance, Utah. *
Newspaper:
01/02/94
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
California Bancshares, Inc., San Ramon,
California, to acquire Modesto Banking
Company, Modesto, California. *
Newspaper:
12/30/93
Fed. Reg.:
01/03/94
Capital Bancorp Employee Stock Ownership
Plan, Downey, California, to become a bank
holding company by acquiring Capital Bancorp,
Downey, California. *
Newspaper:
Not available
Fed. Reg.:
Not available
Section III - Applications Sub.iect to Federal Register Notice Only
The Dai-Ichi Kangyo Bank, Limited, Tokyo,
Japan, to acquire Barclays Commercial
Corporation, Charlotte, North Carolina,
through The CIT Group Holdings, Inc.,
New York, New York.
Fed. Reg.:
01/03/94
BankAmerica Corporation, San Francisco,
California, to acquire Liberty Bank, Honolulu,
Hawaii, through Bank of America, FSB,
Honolulu, Hawaii.
Fed. Reg.:
Not available
The Sakura Bank, Limited, Tokyo, Japan, to
engage de novo in acting as investment or
financial advisor and providing full service
securities brokerage services through Sakura
Securities (U.S.A.) Inc., New York, New York.
Fed. Reg.:
01/05/94
The Tokai Bank, Limited, Nagoya, Japan, to
engage de novo in providing investment and
financial advisor services through Tokai
Securities, Inc., New York, New York.
Fed. Reg.:
Not available
* Subject to CRA.
FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)
Week Ending 12/10/93
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending December 10, 1993. 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 resouces and capabilities.
Substantial noncompliance in meeting community credit needs: An institution
has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resouces and capabilities.
@FedFRASER